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2022
Exports $5.33MWorld Rnk 16 / 118
Flag Rnk 822 / 1204
2022
Destination $1.01M China
2021 - 2022
FASTEST GROWING MARKET $1.01MChina
2022
PRODUCT COMPLEXITY IN Glass Balls0.88Rnk 218 / 1025
2022
Imports $117MWorld Rnk 4 / 185
Flag Rnk 474 / 1213
2022
Origin $10.4M Germany
2021 - 2022
FASTEST GROWING ORIGIN $10.4MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.33M in Glass Balls, making it the 16th largest exporter of Glass Balls in the world. At the same year, Glass Balls was the 822nd most exported product in South Korea. The main destination of Glass Balls exports from South Korea are: China ($2.6M), Japan ($491k), Singapore ($415k), Philippines ($415k), and Chinese Taipei ($318k).

The fastest growing export markets for Glass Balls of South Korea between 2021 and 2022 were China ($1.01M), Poland ($182k), and France ($136k).

Imports In 2022, South Korea imported $117M in Glass Balls, becoming the 4th largest importer of Glass Balls in the world. At the same year, Glass Balls was the 474th most imported product in South Korea. South Korea imports Glass Balls primarily from: Germany ($35.6M), Japan ($29.6M), United States ($20.3M), China ($16.6M), and Malaysia ($4.65M).

The fastest growing import markets in Glass Balls for South Korea between 2021 and 2022 were Germany ($10.4M), United States ($4.35M), and China ($2.5M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Glass Balls exports accounted up to $159k and imports accounted up to $6.2M, resulting in a negative trade balance of $6.04M. Between October 2023 and October 2024 the exports of South Korea's   Glass Balls have decreased by $-201k (-55.8%) from $360k to $159k, while imports increased by $666k (12%) from $5.53M to $6.2M.

Destinations In October 2024, Glass Balls were exported mostly to China ($115k), Japan ($31k), India ($9k), Malaysia ($2k), and Vietnam ($2k), and were imported mostly from Germany ($2.1M), United States ($1.22M), China ($1.04M), Japan ($878k), and Malaysia ($405k).

Growth In October 2024, the decrease in Glass Balls's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-83k or -100%), China ($-32k or -16.7%), and Malaysia ($-4k or -100%). In October 2024, the increase in Glass Balls's year-by-year imports was explained primarily by an increase in imports from United States ($1.12M or 145%), Malaysia ($311k or 105%), and Japan ($305k or 16.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-201k(-55.8%)
IMPORT GROWTH (October 2023 - October 2024)$666k(12%)
MAIN DESTINATION (October 2024)China$115k

This section shows Glass Balls'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 Glass Balls over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.33M
IMPORTS (2022)$117M
NET TRADE (2022)-$112M

In 2022, South Korea exported $5.33M in Glass Balls. The main destinations of South Korea exports on Glass Balls were China ($2.6M), Japan ($491k), Singapore ($415k), Philippines ($415k), and Chinese Taipei ($318k).

In 2022, South Korea imported $117M in Glass Balls, mainly from Germany ($35.6M), Japan ($29.6M), United States ($20.3M), China ($16.6M), and Malaysia ($4.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass Balls EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$1.01M (63.5%)
Poland$182k (1%)
France$136k (5.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Balls BY South Korea WERE (2021 - 2022):
Chinese Taipei-$348k (-52.2%)
Slovenia-$239k (-100%)
Germany-$54.2k (-87.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Glass Balls were:
Germany $422M
United States $309M
China $290M
In 2022, South Korea's main importing competitors in Glass Balls were:
China $258M
India $178M
United States $157M

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Trade Value of Glass Balls by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.09M
TOP IMPORT POTENTIALChina+ $4.95M

Glass Balls’s highest export potential is China. With an export gap of $1.09M.   Glass Balls’s highest import potential is China with an import gap of $4.95M.

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