Ink in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $211M in Ink, making it the 17th largest exporter of Ink in the world. At the same year, Ink was the 268th most exported product in South Korea. The main destination of Ink exports from South Korea are: Vietnam ($35M), China ($33.6M), United States ($18.1M), Russia ($11M), and Thailand ($10.6M).

The fastest growing export markets for Ink of South Korea between 2021 and 2022 were Russia ($7.89M), United States ($4.39M), and Vietnam ($3.62M).

Imports In 2022, South Korea imported $95M in Ink, becoming the 31st largest importer of Ink in the world. At the same year, Ink was the 521st most imported product in South Korea. South Korea imports Ink primarily from: Japan ($28.8M), United States ($14.7M), Switzerland ($9.31M), China ($7.6M), and Singapore ($4.55M).

The fastest growing import markets in Ink for South Korea between 2021 and 2022 were United States ($6.3M), China ($1.29M), and Malaysia ($894k).

COMPANIES In 2023, leading companies such as Hankook Tires (5) and Costco Wholesale (1) were at the forefront of shipping Ink from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Ink exports accounted up to $18.8M and imports accounted up to $10.1M, resulting in a positive trade balance of $8.69M. Between July 2023 and July 2024 the exports of South Korea's Ink have increased by $322k (1.74%) from $18.5M to $18.8M, while imports increased by $1.85M (22.3%) from $8.3M to $10.1M.

Destinations In July 2024, Ink were exported mostly to China ($4.07M), Vietnam ($3.57M), United States ($1.57M), India ($1.01M), and Thailand ($999k), and were imported mostly from Japan ($3.59M), Switzerland ($1.9M), China ($880k), United States ($736k), and United Kingdom ($712k).

Growth In July 2024, the increase in Ink's year-by-year exports was explained primarily by an increase in exports to Russia ($1.02M or 554%), Thailand ($513k or 71%), and Uzbekistan ($398k or 737%). In July 2024, the increase in Ink's year-by-year imports was explained primarily by an increase in imports from Indonesia ($216k or 218%), France ($54k or 32.1%), and China ($52k or 7.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$322k(1.74%)

IMPORT GROWTH (July 2023 - July 2024)$1.85M(22.3%)

MAIN DESTINATION (July 2024)China$4.07M

This section shows Ink'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$211M

IMPORTS (2022)$95M

NET TRADE (2022)$116M

In 2022, South Korea exported $211M in Ink. The main destinations of South Korea exports on Ink were Vietnam ($35M), China ($33.6M), United States ($18.1M), Russia ($11M), and Thailand ($10.6M).

In 2022, South Korea imported $95M in Ink, mainly from Japan ($28.8M), United States ($14.7M), Switzerland ($9.31M), China ($7.6M), and Singapore ($4.55M).

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