2022
Exports
$195kWorld Rnk 57 / 129
Flag Rnk 1091 / 1204
2022
PRODUCT COMPLEXITY IN Bulbs and Roots
-0.42Rnk 678 / 1025
2022
Imports
$12.5MWorld Rnk 33 / 177
Flag Rnk 907 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $195k in Bulbs and Roots, making it the 57th largest exporter of Bulbs and Roots in the world. At the same year, Bulbs and Roots was the 1091st most exported product in South Korea. The main destination of Bulbs and Roots exports from South Korea are: Netherlands ($86.7k), Chinese Taipei ($52.1k), Malaysia ($35.3k), United States ($15.3k), and Jamaica ($1.32k).

The fastest growing export markets for Bulbs and Roots of South Korea between 2021 and 2022 were Netherlands ($86.7k), Malaysia ($35.3k), and Chinese Taipei ($26k).

Imports In 2022, South Korea imported $12.5M in Bulbs and Roots, becoming the 33rd largest importer of Bulbs and Roots in the world. At the same year, Bulbs and Roots was the 907th most imported product in South Korea. South Korea imports Bulbs and Roots primarily from: Netherlands ($10.3M), Thailand ($1.05M), China ($519k), United States ($217k), and Italy ($131k).

The fastest growing import markets in Bulbs and Roots for South Korea between 2021 and 2022 were Netherlands ($422k), United States ($165k), and India ($23.3k).

COMPANIES In 2023, leading companies such as Continental Materials (7), LG Electronics (2), and HELLA Automotive (2) were at the forefront of shipping Bulbs and Roots from South Korea to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$195k
IMPORTS (2022)$12.5M
NET TRADE (2022)-$12.3M

In 2022, South Korea exported $195k in Bulbs and Roots. The main destinations of South Korea exports on Bulbs and Roots were Netherlands ($86.7k), Chinese Taipei ($52.1k), Malaysia ($35.3k), United States ($15.3k), and Jamaica ($1.32k).

In 2022, South Korea imported $12.5M in Bulbs and Roots, mainly from Netherlands ($10.3M), Thailand ($1.05M), China ($519k), United States ($217k), and Italy ($131k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bulbs and Roots EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$86.7k (1%)
Malaysia$35.3k (1%)
Chinese Taipei$26k (99.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bulbs and Roots BY South Korea WERE (2021 - 2022):
China-$117k (-100%)
Italy-$29.1k (-100%)
Mongolia-$27.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Bulbs and Roots were:
In 2022, South Korea's main importing competitors in Bulbs and Roots were:

Explore Visualizations

Trade Value of Bulbs and Roots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.3k
TOP IMPORT POTENTIALChina+ $227k

Bulbs and Roots’s highest export potential is United States. With an export gap of $25.3k.   Bulbs and Roots’s highest import potential is China with an import gap of $227k.

See methodology.

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