2023
Exports
$48.9MWorld Rnk 9 / 152
Flag Rnk 451 / 1188
2023
PRODUCT COMPLEXITY IN Ink Ribbons
1.14Rnk 129 / 1025
2023
Imports
$36.6MWorld Rnk 11 / 213
Flag Rnk 686 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $48.9M in Ink Ribbons, making it the 9th largest exporter of Ink Ribbons in the world. At the same year, Ink Ribbons was the 451st most exported product in South Korea. The main destination of Ink Ribbons exports from South Korea are: China ($8.05M), Germany ($7.64M), France ($5.31M), United Kingdom ($5.1M), and United States ($4.19M).

The fastest growing export markets for Ink Ribbons of South Korea between 2022 and 2023 were Saudi Arabia ($633k), Poland ($296k), and Canada ($198k).

Imports In 2023, South Korea imported $36.6M in Ink Ribbons, becoming the 11th largest importer of Ink Ribbons in the world. At the same year, Ink Ribbons was the 686th most imported product in South Korea. South Korea imports Ink Ribbons primarily from: Japan ($15.8M), Singapore ($14.2M), China ($4.75M), Chinese Taipei ($584k), and Malaysia ($350k).

The fastest growing import markets in Ink Ribbons for South Korea between 2022 and 2023 were Japan ($1.75M), Hong Kong ($307k), and Chinese Taipei ($276k).

COMPANIES In 2024, leading companies such as SIGMA Corp (9) were at the forefront of shipping Ink Ribbons from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-1.54M(-27.4%)
IMPORT GROWTH (January 2024 - January 2025)$-1.48M(-37.5%)
MAIN DESTINATION (January 2025)United States$932k

This section shows Ink Ribbons'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 Ink Ribbons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$48.9M
IMPORTS (2023)$36.6M
NET TRADE (2023)$12.4M

In 2023, South Korea exported $48.9M in Ink Ribbons. The main destinations of South Korea exports on Ink Ribbons were China ($8.05M), Germany ($7.64M), France ($5.31M), United Kingdom ($5.1M), and United States ($4.19M).

In 2023, South Korea imported $36.6M in Ink Ribbons, mainly from Japan ($15.8M), Singapore ($14.2M), China ($4.75M), Chinese Taipei ($584k), and Malaysia ($350k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ink Ribbons EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Saudi Arabia$633k (203%)
Poland$296k (382%)
Canada$198k (38.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ink Ribbons BY South Korea WERE (2022 - 2023):
United States-$5.87M (-58.4%)
Germany-$4.93M (-39.2%)
United Kingdom-$2.69M (-34.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Ink Ribbons were:
Japan $264M
China $226M
In 2023, South Korea's main importing competitors in Ink Ribbons were:

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Trade Value of Ink Ribbons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.26M
TOP IMPORT POTENTIALChina+ $2.73M

Ink Ribbons’s highest export potential is China. With an export gap of $3.26M.   Ink Ribbons’s highest import potential is China with an import gap of $2.73M.

See methodology.

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