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2023
Exports $308MWorld Rnk 4 / 172
Flag Rnk 193 / 1188
2023
Destination $11.5M United States
2022 - 2023
FASTEST GROWING MARKET $11.5MTurkey
2023
PRODUCT COMPLEXITY IN Other Office Machines1.08Rnk 153 / 1025
2023
Imports $30.6MWorld Rnk 33 / 215
Flag Rnk 728 / 1208
2023
Origin $1.72M China
2022 - 2023
FASTEST GROWING ORIGIN $1.72MUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $308M in Other Office Machines, making it the 4th largest exporter of Other Office Machines in the world. At the same year, Other Office Machines was the 193rd most exported product in South Korea. The main destination of Other Office Machines exports from South Korea are: United States ($155M), Turkey ($21.3M), India ($11M), Portugal ($8.44M), and United Arab Emirates ($7.85M).

The fastest growing export markets for Other Office Machines of South Korea between 2022 and 2023 were Turkey ($11.5M), India ($7.69M), and Ethiopia ($2.47M).

Imports In 2023, South Korea imported $30.6M in Other Office Machines, becoming the 33rd largest importer of Other Office Machines in the world. At the same year, Other Office Machines was the 728th most imported product in South Korea. South Korea imports Other Office Machines primarily from: China ($20.4M), Germany ($2.33M), United States ($2.15M), Japan ($1.13M), and Thailand ($911k).

The fastest growing import markets in Other Office Machines for South Korea between 2022 and 2023 were United States ($1.72M), Hong Kong ($654k), and Sweden ($311k).

COMPANIES In 2024, leading companies such as QVC Inc (1) and Hankook Tires (1) were at the forefront of shipping Other Office Machines from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Other Office Machines exports accounted up to $17.8M and imports accounted up to $4.64M, resulting in a positive trade balance of $13.1M. Between December 2023 and December 2024 the exports of South Korea's   Other Office Machines have decreased by $-7.57M (-29.9%) from $25.3M to $17.8M, while imports increased by $2.36M (103%) from $2.29M to $4.64M.

Destinations In December 2024, Other Office Machines were exported mostly to United States ($7.39M), Turkey ($2.13M), India ($709k), United Arab Emirates ($568k), and Indonesia ($538k), and were imported mostly from China ($2.06M), Vietnam ($1.85M), United States ($241k), India ($150k), and Germany ($147k).

Growth In December 2024, the decrease in Other Office Machines's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.38M or -16.2%), Jordan ($-343k or -96.9%), and Lebanon ($-209k or -71.6%). In December 2024, the increase in Other Office Machines's year-by-year imports was explained primarily by an increase in imports from China ($412k or 23.3%), Thailand ($155k or 63.8%), and Japan ($61k or 35.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-7.57M(-29.9%)
IMPORT GROWTH (December 2023 - December 2024)$2.36M(103%)
MAIN DESTINATION (December 2024)United States$7.39M

This section shows Other Office Machines'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 Office Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$308M
IMPORTS (2023)$30.6M
NET TRADE (2023)$277M

In 2023, South Korea exported $308M in Other Office Machines. The main destinations of South Korea exports on Other Office Machines were United States ($155M), Turkey ($21.3M), India ($11M), Portugal ($8.44M), and United Arab Emirates ($7.85M).

In 2023, South Korea imported $30.6M in Other Office Machines, mainly from China ($20.4M), Germany ($2.33M), United States ($2.15M), Japan ($1.13M), and Thailand ($911k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Other Office Machines EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Turkey$11.5M (118%)
India$7.69M (231%)
Ethiopia$2.47M (162%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Office Machines BY South Korea WERE (2022 - 2023):
United States-$25.4M (-14%)
Russia-$11M (-100%)
Indonesia-$5.63M (-66.8%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, South Korea's main exporting competitors in Other Office Machines were:
China $1.19B
Germany $652M
India $433M
In 2023, South Korea's main importing competitors in Other Office Machines were:
United States $1.01B
Germany $242M
France $176M

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Trade Value of Other Office Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $3.04M
TOP IMPORT POTENTIALChina+ $6.66M

Other Office Machines’s highest export potential is Japan. With an export gap of $3.04M.   Other Office Machines’s highest import potential is China with an import gap of $6.66M.

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