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Exports In 2022, South Korea exported $2.21M in Barbed Wire, making it the 22nd largest exporter of Barbed Wire in the world. At the same year, Barbed Wire was the 913th most exported product in South Korea. The main destination of Barbed Wire exports from South Korea are: Philippines ($1.75M), Vietnam ($129k), United States ($125k), Chinese Taipei ($81.4k), and Japan ($59.4k).

The fastest growing export markets for Barbed Wire of South Korea between 2021 and 2022 were Philippines ($1.53M), United States ($102k), and Chinese Taipei ($81.4k).

Imports In 2022, South Korea imported $2.28M in Barbed Wire, becoming the 54th largest importer of Barbed Wire in the world. At the same year, Barbed Wire was the 1088th most imported product in South Korea. South Korea imports Barbed Wire primarily from: China ($2.27M), United States ($2.33k), Mexico ($1.91k), Thailand ($857), and Vietnam ($287).

The fastest growing import markets in Barbed Wire for South Korea between 2021 and 2022 were Mexico ($1.91k), Thailand ($857), and Netherlands ($216).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-10k(-71.4%)
IMPORT GROWTH (July 2023 - July 2024)$-11k(-6.01%)
MAIN DESTINATION (July 2024)Vietnam$4k

This section shows Barbed Wire'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 Barbed Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.21M
IMPORTS (2022)$2.28M
NET TRADE (2022)-$65k

In 2022, South Korea exported $2.21M in Barbed Wire. The main destinations of South Korea exports on Barbed Wire were Philippines ($1.75M), Vietnam ($129k), United States ($125k), Chinese Taipei ($81.4k), and Japan ($59.4k).

In 2022, South Korea imported $2.28M in Barbed Wire, mainly from China ($2.27M), United States ($2.33k), Mexico ($1.91k), Thailand ($857), and Vietnam ($287).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Barbed Wire EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$1.53M (678%)
United States$102k (448%)
Chinese Taipei$81.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Barbed Wire BY South Korea WERE (2021 - 2022):
Vietnam-$14.6k (-10.1%)
Ethiopia-$14.1k (-100%)
China-$10.6k (-89.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Barbed Wire were:
China $215M
Spain $19.2M
In 2022, South Korea's main importing competitors in Barbed Wire were:

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Trade Value of Barbed Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.7k
TOP IMPORT POTENTIALChina+ $448k

Barbed Wire’s highest export potential is United States. With an export gap of $21.7k.   Barbed Wire’s highest import potential is China with an import gap of $448k.

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