2022
Exports
$110MWorld Rnk 29 / 208
Flag Rnk 74 / 96
2022
PRODUCT COMPLEXITY IN Clocks, watches, & parts
1.76Rnk 17 / 1025
2022
Imports
$975MWorld Rnk 14 / 224
Flag Rnk 59 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $110M in Clocks, watches, & parts, making it the 29th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 74th most exported product in South Korea. The main destination of Clocks, watches, & parts exports from South Korea are: Switzerland ($33.4M), Hong Kong ($30.4M), China ($6.48M), United States ($3.81M), and Japan ($3.52M).

The fastest growing export markets for Clocks, watches, & parts of South Korea between 2021 and 2022 were Hong Kong ($6.84M), Spain ($1.17M), and Japan ($1.03M).

Imports In 2022, South Korea imported $975M in Clocks, watches, & parts, becoming the 14th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 59th most imported product in South Korea. South Korea imports Clocks, watches, & parts primarily from: Switzerland ($813M), China ($102M), Ireland ($11.1M), Japan ($7.41M), and France ($6.51M).

The fastest growing import markets in Clocks, watches, & parts for South Korea between 2021 and 2022 were Ireland ($4.8M), Thailand ($3.68M), and Chinese Taipei ($1.05M).

COMPANIES In 2023, leading companies such as Samsung (45), General Motors (19), and Tesla (19) were at the forefront of shipping Clocks, watches, & parts from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-5.48M(-28.4%)
IMPORT GROWTH (October 2023 - October 2024)$7.94M(9.02%)
MAIN DESTINATION (October 2024)Hong Kong$7.12M

This section shows Clocks, watches, & parts'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 Clocks, watches, & parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$110M
IMPORTS (2022)$975M
NET TRADE (2022)-$865M

In 2022, South Korea exported $110M in Clocks, watches, & parts. The main destinations of South Korea exports on Clocks, watches, & parts were Switzerland ($33.4M), Hong Kong ($30.4M), China ($6.48M), United States ($3.81M), and Japan ($3.52M).

In 2022, South Korea imported $975M in Clocks, watches, & parts, mainly from Switzerland ($813M), China ($102M), Ireland ($11.1M), Japan ($7.41M), and France ($6.51M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$6.84M (29.1%)
Spain$1.17M (1.21k%)
Japan$1.03M (41.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY South Korea WERE (2021 - 2022):
Switzerland-$19.7M (-37.2%)
China-$8.86M (-57.8%)
Vietnam-$5.96M (-64.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Clocks, watches, & parts were:
In 2022, South Korea's main importing competitors in Clocks, watches, & parts were:

Explore Visualizations

Trade Value of Clocks, watches, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.22M
TOP IMPORT POTENTIALChina+ $45.4M

Clocks, watches, & parts’s highest export potential is China. With an export gap of $8.22M.   Clocks, watches, & parts’s highest import potential is China with an import gap of $45.4M.

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