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Pricing

2022
Exports $56.7MWorld Rnk 23 / 160
Flag Rnk 84 / 96
2022
Destination $13.2M Iraq
2021 - 2022
FASTEST GROWING MARKET $13.2MIraq
2022
PRODUCT COMPLEXITY IN Explosives, matches, & fireworks0.54Rnk 355 / 1025
2022
Imports $71.5MWorld Rnk 21 / 219
Flag Rnk 92 / 96
2022
Origin $10.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $10.9MUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $56.7M in Explosives, matches, & fireworks, making it the 23rd largest exporter of Explosives, matches, & fireworks in the world. At the same year, Explosives, matches, & fireworks was the 84th most exported product in South Korea. The main destination of Explosives, matches, & fireworks exports from South Korea are: Iraq ($13.2M), Indonesia ($11.7M), United States ($6.35M), Philippines ($4.84M), and Saudi Arabia ($2.66M).

The fastest growing export markets for Explosives, matches, & fireworks of South Korea between 2021 and 2022 were Iraq ($13.2M), Saudi Arabia ($1.81M), and Turkey ($1.12M).

Imports In 2022, South Korea imported $71.5M in Explosives, matches, & fireworks, becoming the 21st largest importer of Explosives, matches, & fireworks in the world. At the same year, Explosives, matches, & fireworks was the 92nd most imported product in South Korea. South Korea imports Explosives, matches, & fireworks primarily from: United States ($34.1M), United Kingdom ($14.4M), Sweden ($5.95M), China ($5.81M), and Singapore ($4.61M).

The fastest growing import markets in Explosives, matches, & fireworks for South Korea between 2021 and 2022 were United Kingdom ($10.9M), United States ($5.53M), and Singapore ($3.94M).

COMPANIES In 2023, leading companies such as LG Electronics (18), Tesla (5), and General Motors (4) were at the forefront of shipping Explosives, matches, & fireworks from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Explosives, matches, & fireworks exports accounted up to $2.21M and imports accounted up to $4.94M, resulting in a negative trade balance of $2.73M. Between August 2023 and August 2024 the exports of South Korea's   Explosives, matches, & fireworks have decreased by $-2.24M (-50.3%) from $4.45M to $2.21M, while imports increased by $1.9M (62.4%) from $3.04M to $4.94M.

Destinations In August 2024, Explosives, matches, & fireworks were exported mostly to Croatia ($720k), Chile ($593k), Zambia ($460k), United States ($164k), and Turkey ($128k), and were imported mostly from United States ($2.65M), Australia ($985k), China ($636k), Germany ($307k), and Sweden ($166k).

Growth In August 2024, the decrease in Explosives, matches, & fireworks's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-51k or -96.2%) and Kenya ($-16k or -69.6%). In August 2024, the increase in Explosives, matches, & fireworks's year-by-year imports was explained primarily by an increase in imports from China ($1.02M or 298%) and Sweden ($341k or 31.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-2.24M(-50.3%)
IMPORT GROWTH (August 2023 - August 2024)$1.9M(62.4%)
MAIN DESTINATION (August 2024)Croatia$720k

This section shows Explosives, matches, & fireworks'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 Explosives, matches, & fireworks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$56.7M
IMPORTS (2022)$71.5M
NET TRADE (2022)-$14.8M

In 2022, South Korea exported $56.7M in Explosives, matches, & fireworks. The main destinations of South Korea exports on Explosives, matches, & fireworks were Iraq ($13.2M), Indonesia ($11.7M), United States ($6.35M), Philippines ($4.84M), and Saudi Arabia ($2.66M).

In 2022, South Korea imported $71.5M in Explosives, matches, & fireworks, mainly from United States ($34.1M), United Kingdom ($14.4M), Sweden ($5.95M), China ($5.81M), and Singapore ($4.61M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Explosives, matches, & fireworks EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Iraq$13.2M (1%)
Saudi Arabia$1.81M (215%)
Turkey$1.12M (102%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Explosives, matches, & fireworks BY South Korea WERE (2021 - 2022):
Ireland-$1.37M (-47%)
United Arab Emirates-$1.14M (-57.1%)
Australia-$1.02M (-58.7%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Explosives, matches, & fireworks were:
China $1.4B
United States $746M
Germany $359M
In 2022, South Korea's main importing competitors in Explosives, matches, & fireworks were:
United States $1.31B
Germany $250M
Canada $237M

Explore Visualizations

Trade Value of Explosives, matches, & fireworks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.33M
TOP IMPORT POTENTIALChina+ $3.5M

Explosives, matches, & fireworks’s highest export potential is United States. With an export gap of $1.33M.   Explosives, matches, & fireworks’s highest import potential is China with an import gap of $3.5M.

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