2022
Exports
$694MWorld Rnk 2 / 118
Flag Rnk 133 / 1204
2022
PRODUCT COMPLEXITY IN Explosive Ammunition
0.21Rnk 484 / 1025
2022
Imports
$147MWorld Rnk 15 / 195
Flag Rnk 428 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $694M in Explosive Ammunition, making it the 2nd largest exporter of Explosive Ammunition in the world. At the same year, Explosive Ammunition was the 133rd most exported product in South Korea. The main destination of Explosive Ammunition exports from South Korea are: United Arab Emirates ($271M), Saudi Arabia ($195M), United States ($75.3M), Indonesia ($42M), and Philippines ($25.1M).

The fastest growing export markets for Explosive Ammunition of South Korea between 2021 and 2022 were Saudi Arabia ($127M), Philippines ($22.9M), and Poland ($14.3M).

Imports In 2022, South Korea imported $147M in Explosive Ammunition, becoming the 15th largest importer of Explosive Ammunition in the world. At the same year, Explosive Ammunition was the 428th most imported product in South Korea. South Korea imports Explosive Ammunition primarily from: United States ($118M), Italy ($7.4M), United Arab Emirates ($6.58M), Israel ($3.47M), and France ($3.46M).

The fastest growing import markets in Explosive Ammunition for South Korea between 2021 and 2022 were United States ($6.52M), France ($3.08M), and Germany ($2.19M).

COMPANIES In 2023, leading companies such as LG Electronics (16), General Motors (7), and ZF Friedrichshafen (6) were at the forefront of shipping Explosive Ammunition from South Korea to the United States.

Latest Trends

October 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - October 2022)$11.2M(18.4%)
IMPORT GROWTH (October 2021 - October 2022)$-46.6M(-94.1%)
MAIN DESTINATION (October 2022)

This section shows Explosive Ammunition'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 Explosive Ammunition over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$694M
IMPORTS (2022)$147M
NET TRADE (2022)$547M

In 2022, South Korea exported $694M in Explosive Ammunition. The main destinations of South Korea exports on Explosive Ammunition were United Arab Emirates ($271M), Saudi Arabia ($195M), United States ($75.3M), Indonesia ($42M), and Philippines ($25.1M).

In 2022, South Korea imported $147M in Explosive Ammunition, mainly from United States ($118M), Italy ($7.4M), United Arab Emirates ($6.58M), Israel ($3.47M), and France ($3.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Explosive Ammunition EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Saudi Arabia$127M (185%)
Philippines$22.9M (1.06k%)
Poland$14.3M (3.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Explosive Ammunition BY South Korea WERE (2021 - 2022):
United Arab Emirates-$179M (-39.8%)
Oman-$48.2M (-87.7%)
United States-$45.2M (-37.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Explosive Ammunition were:
In 2022, South Korea's main importing competitors in Explosive Ammunition were:

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Trade Value of Explosive Ammunition by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.8M
TOP IMPORT POTENTIALGermany+ $1.68M

Explosive Ammunition’s highest export potential is United States. With an export gap of $12.8M.   Explosive Ammunition’s highest import potential is Germany with an import gap of $1.68M.

See methodology.

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