2023
Exports
$947kWorld Rnk 33 / 161
Flag Rnk 958 / 1188
2023
PRODUCT COMPLEXITY IN Other Clocks
0.22Rnk 489 / 1025
2023
Imports
$40MWorld Rnk 7 / 214
Flag Rnk 664 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $947k in Other Clocks, making it the 33rd largest exporter of Other Clocks in the world. At the same year, Other Clocks was the 958th most exported product in South Korea. The main destination of Other Clocks exports from South Korea are: Switzerland ($134k), Hong Kong ($132k), Saudi Arabia ($126k), United States ($116k), and China ($113k).

The fastest growing export markets for Other Clocks of South Korea between 2022 and 2023 were Saudi Arabia ($126k), Hong Kong ($76.5k), and Netherlands ($30.9k).

Imports In 2023, South Korea imported $40M in Other Clocks, becoming the 7th largest importer of Other Clocks in the world. At the same year, Other Clocks was the 664th most imported product in South Korea. South Korea imports Other Clocks primarily from: China ($36.5M), Germany ($809k), Switzerland ($721k), Hong Kong ($673k), and Spain ($382k).

The fastest growing import markets in Other Clocks for South Korea between 2022 and 2023 were China ($10.2M), Germany ($427k), and Switzerland ($188k).

COMPANIES In 2024, leading companies such as Robert Bosch (3) were at the forefront of shipping Other Clocks from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-390k(-85.5%)
IMPORT GROWTH (January 2024 - January 2025)$568k(19.2%)
MAIN DESTINATION (January 2025)Japan$38k

This section shows Other Clocks'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 Other Clocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$947k
IMPORTS (2023)$40M
NET TRADE (2023)-$39.1M

In 2023, South Korea exported $947k in Other Clocks. The main destinations of South Korea exports on Other Clocks were Switzerland ($134k), Hong Kong ($132k), Saudi Arabia ($126k), United States ($116k), and China ($113k).

In 2023, South Korea imported $40M in Other Clocks, mainly from China ($36.5M), Germany ($809k), Switzerland ($721k), Hong Kong ($673k), and Spain ($382k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Clocks EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Saudi Arabia$126k (24k%)
Hong Kong$76.5k (137%)
Netherlands$30.9k (207%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Clocks BY South Korea WERE (2022 - 2023):
United States-$400k (-77.5%)
Japan-$123k (-100%)
Switzerland-$109k (-44.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Other Clocks were:
In 2023, South Korea's main importing competitors in Other Clocks were:

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Trade Value of Other Clocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $218k
TOP IMPORT POTENTIALChina+ $1.82M

Other Clocks’s highest export potential is United States. With an export gap of $218k.   Other Clocks’s highest import potential is China with an import gap of $1.82M.

See methodology.

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