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2022
Exports $6.94BWorld Rnk 2 / 204
Flag Rnk 17 / 1204
2022
Destination $688M China
2021 - 2022
FASTEST GROWING MARKET $688MChina
2022
PRODUCT COMPLEXITY IN Broadcasting Accessories0.61Rnk 315 / 1025
2022
Imports $1.93BWorld Rnk 9 / 223
Flag Rnk 47 / 1213
2022
Origin $16M China
2021 - 2022
FASTEST GROWING ORIGIN $16MPhilippines
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.94B in Broadcasting Accessories, making it the 2nd largest exporter of Broadcasting Accessories in the world. At the same year, Broadcasting Accessories was the 17th most exported product in South Korea. The main destination of Broadcasting Accessories exports from South Korea are: China ($4.29B), Vietnam ($1.32B), Hong Kong ($256M), Poland ($254M), and Mexico ($234M).

The fastest growing export markets for Broadcasting Accessories of South Korea between 2021 and 2022 were China ($688M), Hong Kong ($50.5M), and Czechia ($8.95M).

Imports In 2022, South Korea imported $1.93B in Broadcasting Accessories, becoming the 9th largest importer of Broadcasting Accessories in the world. At the same year, Broadcasting Accessories was the 47th most imported product in South Korea. South Korea imports Broadcasting Accessories primarily from: China ($979M), Vietnam ($486M), Chinese Taipei ($94M), United States ($74.9M), and Israel ($72.2M).

The fastest growing import markets in Broadcasting Accessories for South Korea between 2021 and 2022 were Philippines ($16M), Israel ($13.2M), and Austria ($7.04M).

COMPANIES In 2023, leading companies such as CNH Industrial (29), LG Electronics (13), and Samsung (11) were at the forefront of shipping Broadcasting Accessories from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Broadcasting Accessories exports accounted up to $1.32B and imports accounted up to $216M, resulting in a positive trade balance of $1.11B. Between October 2023 and October 2024 the exports of South Korea's   Broadcasting Accessories have increased by $259M (24.3%) from $1.07B to $1.32B, while imports increased by $35.5M (19.7%) from $180M to $216M.

Destinations In October 2024, Broadcasting Accessories were exported mostly to China ($1.11B), Vietnam ($114M), Poland ($37.3M), Mexico ($17.3M), and United States ($13.9M), and were imported mostly from Vietnam ($92.5M), China ($74.4M), United States ($13.3M), Philippines ($7.52M), and Israel ($4.77M).

Growth In October 2024, the increase in Broadcasting Accessories's year-by-year exports was explained primarily by an increase in exports to China ($672M or 796%), Turkey ($643k or 300%), and Chinese Taipei ($524k or 200%). In October 2024, the increase in Broadcasting Accessories's year-by-year imports was explained primarily by an increase in imports from Vietnam ($7.47M or 12.7%), Israel ($3.81M or 183%), and Philippines ($578k or 14.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$259M(24.3%)
IMPORT GROWTH (October 2023 - October 2024)$35.5M(19.7%)
MAIN DESTINATION (October 2024)China$1.11B

This section shows Broadcasting Accessories'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 Broadcasting Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.94B
IMPORTS (2022)$1.93B
NET TRADE (2022)$5.01B

In 2022, South Korea exported $6.94B in Broadcasting Accessories. The main destinations of South Korea exports on Broadcasting Accessories were China ($4.29B), Vietnam ($1.32B), Hong Kong ($256M), Poland ($254M), and Mexico ($234M).

In 2022, South Korea imported $1.93B in Broadcasting Accessories, mainly from China ($979M), Vietnam ($486M), Chinese Taipei ($94M), United States ($74.9M), and Israel ($72.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Broadcasting Accessories EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$688M (19.1%)
Hong Kong$50.5M (24.6%)
Czechia$8.95M (43.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Broadcasting Accessories BY South Korea WERE (2021 - 2022):
Vietnam-$1.23B (-48.2%)
Mexico-$215M (-47.9%)
Poland-$57.9M (-18.5%)
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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 Broadcasting Accessories were:
China $19.5B
Chinese Taipei $4.71B
In 2022, South Korea's main importing competitors in Broadcasting Accessories were:
China $9.83B
Vietnam $4.23B
United States $3.56B

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Trade Value of Broadcasting Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $71.4M
TOP IMPORT POTENTIALChina+ $192M

Broadcasting Accessories’s highest export potential is United States. With an export gap of $71.4M.   Broadcasting Accessories’s highest import potential is China with an import gap of $192M.

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