2023
Exports
$89.4MWorld Rnk 9 / 185
Flag Rnk 354 / 1188
2023
PRODUCT COMPLEXITY IN Cutting Blades
1.39Rnk 64 / 1025
2023
Imports
$42.9MWorld Rnk 24 / 221
Flag Rnk 651 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $89.4M in Cutting Blades, making it the 9th largest exporter of Cutting Blades in the world. At the same year, Cutting Blades was the 354th most exported product in South Korea. The main destination of Cutting Blades exports from South Korea are: China ($38.9M), United States ($13.2M), Hungary ($6.68M), Japan ($4.22M), and Mexico ($2.88M).

The fastest growing export markets for Cutting Blades of South Korea between 2022 and 2023 were China ($28.2M), Hungary ($1.28M), and Philippines ($698k).

Imports In 2023, South Korea imported $42.9M in Cutting Blades, becoming the 24th largest importer of Cutting Blades in the world. At the same year, Cutting Blades was the 651st most imported product in South Korea. South Korea imports Cutting Blades primarily from: China ($16.3M), Japan ($7.87M), Germany ($5.78M), United States ($2.35M), and Chinese Taipei ($1.21M).

The fastest growing import markets in Cutting Blades for South Korea between 2022 and 2023 were China ($7.11M), United States ($497k), and Sweden ($485k).

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-1.43M(-27.9%)
IMPORT GROWTH (January 2024 - January 2025)$675k(26.3%)
MAIN DESTINATION (January 2025)United States$1M

This section shows Cutting Blades'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 Cutting Blades over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$89.4M
IMPORTS (2023)$42.9M
NET TRADE (2023)$46.5M

In 2023, South Korea exported $89.4M in Cutting Blades. The main destinations of South Korea exports on Cutting Blades were China ($38.9M), United States ($13.2M), Hungary ($6.68M), Japan ($4.22M), and Mexico ($2.88M).

In 2023, South Korea imported $42.9M in Cutting Blades, mainly from China ($16.3M), Japan ($7.87M), Germany ($5.78M), United States ($2.35M), and Chinese Taipei ($1.21M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cutting Blades EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$28.2M (263%)
Hungary$1.28M (23.8%)
Philippines$698k (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutting Blades BY South Korea WERE (2022 - 2023):
Vietnam-$18.9M (-100%)
Germany-$1.23M (-44.1%)
Russia-$846k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Cutting Blades were:
In 2023, South Korea's main importing competitors in Cutting Blades were:

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Trade Value of Cutting Blades by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.85M
TOP IMPORT POTENTIALChina+ $4.32M

Cutting Blades’s highest export potential is China. With an export gap of $2.85M.   Cutting Blades’s highest import potential is China with an import gap of $4.32M.

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