2022
Exports
$347kWorld Rnk 56 / 112
Flag Rnk 1059 / 1204
2022
PRODUCT COMPLEXITY IN Fireworks
0.54Rnk 355 / 1025
2022
Imports
$10.9MWorld Rnk 33 / 195
Flag Rnk 930 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $347k in Fireworks, making it the 56th largest exporter of Fireworks in the world. At the same year, Fireworks was the 1059th most exported product in South Korea. The main destination of Fireworks exports from South Korea are: Iraq ($323k), United Arab Emirates ($24.1k), Spain ($610), and Thailand ($22).

The fastest growing export markets for Fireworks of South Korea between 2021 and 2022 were Iraq ($323k) and Spain ($610).

Imports In 2022, South Korea imported $10.9M in Fireworks, becoming the 33rd largest importer of Fireworks in the world. At the same year, Fireworks was the 930th most imported product in South Korea. South Korea imports Fireworks primarily from: China ($4.97M), Singapore ($4.48M), United States ($870k), Germany ($295k), and Sweden ($106k).

The fastest growing import markets in Fireworks for South Korea between 2021 and 2022 were Singapore ($3.85M), China ($531k), and United States ($380k).

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

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-134k(-100%)
IMPORT GROWTH (July 2023 - July 2024)$1.08M(101%)
MAIN DESTINATION (July 2024)China$0

This section shows 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 Fireworks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$347k
IMPORTS (2022)$10.9M
NET TRADE (2022)-$10.6M

In 2022, South Korea exported $347k in Fireworks. The main destinations of South Korea exports on Fireworks were Iraq ($323k), United Arab Emirates ($24.1k), Spain ($610), and Thailand ($22).

In 2022, South Korea imported $10.9M in Fireworks, mainly from China ($4.97M), Singapore ($4.48M), United States ($870k), Germany ($295k), and Sweden ($106k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fireworks EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Iraq$323k (1%)
Spain$610 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fireworks BY South Korea WERE (2021 - 2022):
Indonesia-$301k (-100%)
Fiji-$226k (-100%)
Thailand-$192k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Fireworks were:
China $1.29B
Germany $91.7M
France $89.4M
In 2022, South Korea's main importing competitors in Fireworks were:

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Trade Value of Fireworks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Arab Emirates+ $4.48k
N/AN/AN/A

Fireworks’s highest export potential is United Arab Emirates. With an export gap of $4.48k.   Fireworks’s highest import potential is N/A with an import gap of N/A.

See methodology.

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