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2022
Exports $13.8kWorld Rnk 86 / 125
Flag Rnk 1166 / 1204
2022
Destination $1.31k United States
2021 - 2022
FASTEST GROWING MARKET $1.31kAustralia
2022
Imports $852kWorld Rnk 42 / 191
Flag Rnk 1140 / 1213
2022
Origin $384k China
2021 - 2022
FASTEST GROWING ORIGIN $384kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $13.8k in Wood Stakes, making it the 86th largest exporter of Wood Stakes in the world. At the same year, Wood Stakes was the 1166th most exported product in South Korea. The main destination of Wood Stakes exports from South Korea are: United States ($10.6k), Australia ($1.72k), Estonia ($415), Canada ($381), and Singapore ($326).

The fastest growing export markets for Wood Stakes of South Korea between 2021 and 2022 were Australia ($1.31k), Estonia ($415), and South Africa ($81).

Imports In 2022, South Korea imported $852k in Wood Stakes, becoming the 42nd largest importer of Wood Stakes in the world. At the same year, Wood Stakes was the 1140th most imported product in South Korea. South Korea imports Wood Stakes primarily from: China ($678k), Latvia ($150k), Italy ($8.95k), Slovakia ($8.62k), and Japan ($4.57k).

The fastest growing import markets in Wood Stakes for South Korea between 2021 and 2022 were China ($384k), Latvia ($44.4k), and Italy ($7.45k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Wood Stakes exports accounted up to $0 and imports accounted up to $125k, resulting in a negative trade balance of $125k. Between October 2023 and October 2024 the exports of South Korea's   Wood Stakes have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-2k (-1.57%) from $127k to $125k.

Destinations In October 2024, Wood Stakes were exported mostly to China ($0), Singapore ($0), Vietnam ($0), and United States ($0), and were imported mostly from China ($116k), Vietnam ($9k), Singapore ($0), and United States ($0).

Growth In October 2024, the change in Wood Stakes's year-by-year exports was explained primarily by a decrease in exports to United States ($-1k or -100%). In October 2024, the decrease in Wood Stakes's year-by-year imports was explained primarily by a decrease in imports from China ($-33k or -40.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$-2k(-1.57%)
MAIN DESTINATION (October 2024)China$0

This section shows Wood Stakes's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wood Stakes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.8k
IMPORTS (2022)$852k
NET TRADE (2022)-$839k

In 2022, South Korea exported $13.8k in Wood Stakes. The main destinations of South Korea exports on Wood Stakes were United States ($10.6k), Australia ($1.72k), Estonia ($415), Canada ($381), and Singapore ($326).

In 2022, South Korea imported $852k in Wood Stakes, mainly from China ($678k), Latvia ($150k), Italy ($8.95k), Slovakia ($8.62k), and Japan ($4.57k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Stakes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Australia$1.31k (317%)
Estonia$415 (1%)
South Africa$81 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Stakes BY South Korea WERE (2021 - 2022):
United States-$47.9k (-81.9%)
Japan-$2.42k (-100%)
Singapore-$1.37k (-80.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Wood Stakes were:
Poland $34M
Latvia $27.3M
Hungary $17.8M
In 2022, South Korea's main importing competitors in Wood Stakes were:
France $31.5M
United Kingdom $29.9M
United States $26.2M

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Trade Value of Wood Stakes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.14k
TOP IMPORT POTENTIALLatvia+ $30k

Wood Stakes’s highest export potential is United States. With an export gap of $6.14k.   Wood Stakes’s highest import potential is Latvia with an import gap of $30k.

See methodology.

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