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2022
Exports $19.5MWorld Rnk 15 / 175
Flag Rnk 652 / 1204
2022
Destination $530k United States
2021 - 2022
FASTEST GROWING MARKET $530kSouth Africa
2022
PRODUCT COMPLEXITY IN Pencils and Crayons-0.17Rnk 604 / 1025
2022
Imports $28.8MWorld Rnk 20 / 214
Flag Rnk 777 / 1213
2022
Origin $1.28M China
2021 - 2022
FASTEST GROWING ORIGIN $1.28MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $19.5M in Pencils and Crayons, making it the 15th largest exporter of Pencils and Crayons in the world. At the same year, Pencils and Crayons was the 652nd most exported product in South Korea. The main destination of Pencils and Crayons exports from South Korea are: United States ($6.17M), Japan ($1.72M), South Africa ($1.36M), Vietnam ($1.05M), and Germany ($1.03M).

The fastest growing export markets for Pencils and Crayons of South Korea between 2021 and 2022 were South Africa ($530k), India ($202k), and Malaysia ($183k).

Imports In 2022, South Korea imported $28.8M in Pencils and Crayons, becoming the 20th largest importer of Pencils and Crayons in the world. At the same year, Pencils and Crayons was the 777th most imported product in South Korea. South Korea imports Pencils and Crayons primarily from: China ($14M), Germany ($3.58M), Japan ($2.51M), United States ($2.43M), and Mexico ($2.24M).

The fastest growing import markets in Pencils and Crayons for South Korea between 2021 and 2022 were United States ($1.28M), China ($682k), and Mexico ($287k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Pencils and Crayons exports accounted up to $2.02M and imports accounted up to $1.04M, resulting in a positive trade balance of $978k. Between July 2023 and July 2024 the exports of South Korea's   Pencils and Crayons have increased by $393k (24.2%) from $1.63M to $2.02M, while imports decreased by $-391k (-27.3%) from $1.43M to $1.04M.

Destinations In July 2024, Pencils and Crayons were exported mostly to United States ($584k), South Africa ($503k), Egypt ($244k), Japan ($149k), and Malaysia ($104k), and were imported mostly from China ($480k), Mexico ($233k), Japan ($103k), Germany ($81k), and Indonesia ($43k).

Growth In July 2024, the increase in Pencils and Crayons's year-by-year exports was explained primarily by an increase in exports to Russia ($99k or 9.9k%), Vietnam ($56k or 133%), and India ($49k or 377%). In July 2024, the decrease in Pencils and Crayons's year-by-year imports was explained primarily by a decrease in imports from China ($-760k or -40.9%), Germany ($-524k or -60.6%), and Mexico ($-203k or -99.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$393k(24.2%)
IMPORT GROWTH (July 2023 - July 2024)$-391k(-27.3%)
MAIN DESTINATION (July 2024)United States$584k

This section shows Pencils and Crayons'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 Pencils and Crayons over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.5M
IMPORTS (2022)$28.8M
NET TRADE (2022)-$9.34M

In 2022, South Korea exported $19.5M in Pencils and Crayons. The main destinations of South Korea exports on Pencils and Crayons were United States ($6.17M), Japan ($1.72M), South Africa ($1.36M), Vietnam ($1.05M), and Germany ($1.03M).

In 2022, South Korea imported $28.8M in Pencils and Crayons, mainly from China ($14M), Germany ($3.58M), Japan ($2.51M), United States ($2.43M), and Mexico ($2.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pencils and Crayons EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
South Africa$530k (64.3%)
India$202k (80%)
Malaysia$183k (55.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pencils and Crayons BY South Korea WERE (2021 - 2022):
United States-$3M (-32.7%)
Germany-$1.06M (-50.7%)
Japan-$300k (-14.9%)
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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 Pencils and Crayons were:
China $911M
Germany $174M
Brazil $91.2M
In 2022, South Korea's main importing competitors in Pencils and Crayons were:
United States $377M
Germany $131M
France $63M

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Trade Value of Pencils and Crayons by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $813k
TOP IMPORT POTENTIALChina+ $4.83M

Pencils and Crayons’s highest export potential is United States. With an export gap of $813k.   Pencils and Crayons’s highest import potential is China with an import gap of $4.83M.

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