2022
Exports
$9.67MWorld Rnk 28 / 101
Flag Rnk 734 / 1204
2022
PRODUCT COMPLEXITY IN Prepared Explosives
-1.12Rnk 863 / 1025
2022
Imports
$10.2MWorld Rnk 34 / 166
Flag Rnk 940 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $9.67M in Prepared Explosives, making it the 28th largest exporter of Prepared Explosives in the world. At the same year, Prepared Explosives was the 734th most exported product in South Korea. The main destination of Prepared Explosives exports from South Korea are: Philippines ($4.71M), United States ($1.88M), Serbia ($745k), Thailand ($538k), and New Caledonia ($490k).

The fastest growing export markets for Prepared Explosives of South Korea between 2021 and 2022 were Serbia ($745k), United States ($625k), and New Caledonia ($490k).

Imports In 2022, South Korea imported $10.2M in Prepared Explosives, becoming the 34th largest importer of Prepared Explosives in the world. At the same year, Prepared Explosives was the 940th most imported product in South Korea. South Korea imports Prepared Explosives primarily from: United States ($6.47M), Sweden ($1.69M), Norway ($948k), Germany ($521k), and India ($257k).

The fastest growing import markets in Prepared Explosives for South Korea between 2021 and 2022 were United States ($2.17M), Sweden ($568k), and Switzerland ($126k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$-538k(-100%)
IMPORT GROWTH (June 2023 - July 2024)$-2.03M(-99.6%)
MAIN DESTINATION (July 2024)United States$0

This section shows Prepared Explosives'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 Prepared Explosives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.67M
IMPORTS (2022)$10.2M
NET TRADE (2022)-$511k

In 2022, South Korea exported $9.67M in Prepared Explosives. The main destinations of South Korea exports on Prepared Explosives were Philippines ($4.71M), United States ($1.88M), Serbia ($745k), Thailand ($538k), and New Caledonia ($490k).

In 2022, South Korea imported $10.2M in Prepared Explosives, mainly from United States ($6.47M), Sweden ($1.69M), Norway ($948k), Germany ($521k), and India ($257k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Prepared Explosives EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Serbia$745k (1%)
United States$625k (49.8%)
New Caledonia$490k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Prepared Explosives BY South Korea WERE (2021 - 2022):
Cameroon-$855k (-100%)
Chinese Taipei-$587k (-79.8%)
Thailand-$560k (-51%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Prepared Explosives were:
In 2022, South Korea's main importing competitors in Prepared Explosives were:

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Trade Value of Prepared Explosives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $381k
TOP IMPORT POTENTIALIndia+ $332k

Prepared Explosives’s highest export potential is United States. With an export gap of $381k.   Prepared Explosives’s highest import potential is India with an import gap of $332k.

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