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2022
Exports $11.6BWorld Rnk 1 / 216
Flag Rnk 9 / 1204
2022
Destination $809M United States
2021 - 2022
FASTEST GROWING MARKET $809MUnited States
2022
PRODUCT COMPLEXITY IN Blank Audio Media1.83Rnk 14 / 1025
2022
Imports $1.12BWorld Rnk 14 / 223
Flag Rnk 92 / 1213
2022
Origin $321M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $321MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $11.6B in Blank Audio Media, making it the 1st largest exporter of Blank Audio Media in the world. At the same year, Blank Audio Media was the 9th most exported product in South Korea. The main destination of Blank Audio Media exports from South Korea are: United States ($5.93B), Hong Kong ($1.71B), Netherlands ($576M), Mexico ($478M), and Japan ($474M).

The fastest growing export markets for Blank Audio Media of South Korea between 2021 and 2022 were United States ($809M), Netherlands ($209M), and Japan ($81.8M).

Imports In 2022, South Korea imported $1.12B in Blank Audio Media, becoming the 14th largest importer of Blank Audio Media in the world. At the same year, Blank Audio Media was the 92nd most imported product in South Korea. South Korea imports Blank Audio Media primarily from: Vietnam ($327M), Thailand ($181M), Chinese Taipei ($129M), Japan ($95.6M), and United States ($86M).

The fastest growing import markets in Blank Audio Media for South Korea between 2021 and 2022 were Vietnam ($321M), Thailand ($55.4M), and Philippines ($20.6M).

COMPANIES In 2023, leading companies such as LG Electronics (5) and General Motors (2) were at the forefront of shipping Blank Audio Media from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Blank Audio Media exports accounted up to $785M and imports accounted up to $164M, resulting in a positive trade balance of $621M. Between October 2023 and October 2024 the exports of South Korea's   Blank Audio Media have increased by $305M (63.5%) from $480M to $785M, while imports increased by $14.2M (9.49%) from $150M to $164M.

Destinations In October 2024, Blank Audio Media were exported mostly to United States ($452M), China ($46.6M), Netherlands ($45.9M), Hong Kong ($44.9M), and Japan ($34M), and were imported mostly from Vietnam ($53.9M), China ($25.4M), United States ($16M), Chinese Taipei ($12.8M), and Hong Kong ($10.3M).

Growth In October 2024, the increase in Blank Audio Media's year-by-year exports was explained primarily by an increase in exports to Japan ($21.7M or 75.1%), Malaysia ($2.53M or 78.5%), and United Arab Emirates ($2.36M or 116%). In October 2024, the increase in Blank Audio Media's year-by-year imports was explained primarily by an increase in imports from Unknown ($152M or 213%), Vietnam ($33.3M or 10.7k%), and Singapore ($994k or 119%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$305M(63.5%)
IMPORT GROWTH (October 2023 - October 2024)$14.2M(9.49%)
MAIN DESTINATION (October 2024)United States$452M

This section shows Blank Audio Media'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 Blank Audio Media over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.6B
IMPORTS (2022)$1.12B
NET TRADE (2022)$10.5B

In 2022, South Korea exported $11.6B in Blank Audio Media. The main destinations of South Korea exports on Blank Audio Media were United States ($5.93B), Hong Kong ($1.71B), Netherlands ($576M), Mexico ($478M), and Japan ($474M).

In 2022, South Korea imported $1.12B in Blank Audio Media, mainly from Vietnam ($327M), Thailand ($181M), Chinese Taipei ($129M), Japan ($95.6M), and United States ($86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Blank Audio Media EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$809M (15.8%)
Netherlands$209M (57.1%)
Japan$81.8M (20.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Blank Audio Media BY South Korea WERE (2021 - 2022):
Czechia-$188M (-97.5%)
Ireland-$182M (-44.9%)
Russia-$61.3M (-76.5%)
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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 Blank Audio Media were:
Chinese Taipei $9.42B
Malaysia $7.43B
In 2022, South Korea's main importing competitors in Blank Audio Media were:
United States $14.4B
China $8.38B
Hong Kong $5.38B

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Trade Value of Blank Audio Media by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $490M
TOP IMPORT POTENTIALChina+ $76.2M

Blank Audio Media’s highest export potential is China. With an export gap of $490M.   Blank Audio Media’s highest import potential is China with an import gap of $76.2M.

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