Sign In
Pricing

2022
Exports $2.92MWorld Rnk 24 / 168
Flag Rnk 892 / 1204
2022
Destination $270k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $270kUnited Kingdom
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $33.6MWorld Rnk 9 / 209
Flag Rnk 752 / 1213
2022
Origin $643k China
2021 - 2022
FASTEST GROWING ORIGIN $643kMexico
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.92M in String Instruments, making it the 24th largest exporter of String Instruments in the world. At the same year, String Instruments was the 892nd most exported product in South Korea. The main destination of String Instruments exports from South Korea are: United Kingdom ($572k), Thailand ($339k), United States ($294k), Brazil ($265k), and Hong Kong ($175k).

The fastest growing export markets for String Instruments of South Korea between 2021 and 2022 were United Kingdom ($270k), Brazil ($158k), and Hong Kong ($136k).

Imports In 2022, South Korea imported $33.6M in String Instruments, becoming the 9th largest importer of String Instruments in the world. At the same year, String Instruments was the 752nd most imported product in South Korea. South Korea imports String Instruments primarily from: China ($17.7M), United States ($6.17M), Indonesia ($3.43M), Mexico ($1.58M), and United Kingdom ($933k).

The fastest growing import markets in String Instruments for South Korea between 2021 and 2022 were Mexico ($643k), Indonesia ($621k), and China ($519k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (8), YAMAHA CORPORATION OF AMERICA (2), and Goldensee Limited (1) were at the forefront of shipping String Instruments from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's String Instruments exports accounted up to $117k and imports accounted up to $1.68M, resulting in a negative trade balance of $1.56M. Between November 2023 and November 2024 the exports of South Korea's   String Instruments have decreased by $-121k (-50.8%) from $238k to $117k, while imports decreased by $-1.14M (-40.5%) from $2.82M to $1.68M.

Destinations In November 2024, String Instruments were exported mostly to Russia ($74k), United States ($20k), United Kingdom ($12k), Germany ($4k), and Japan ($2k), and were imported mostly from China ($1.09M), United States ($224k), Indonesia ($104k), Germany ($57k), and Japan ($55k).

Growth In November 2024, the decrease in String Instruments's year-by-year exports was explained primarily by a decrease in exports to Germany ($-12k or -100%). In November 2024, the decrease in String Instruments's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-160k or -51%), Indonesia ($-153k or -44.2%), and China ($-151k or -6.78%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-121k(-50.8%)
IMPORT GROWTH (November 2023 - November 2024)$-1.14M(-40.5%)
MAIN DESTINATION (November 2024)Russia$74k

This section shows String Instruments'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 String Instruments over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$2.92M
IMPORTS (2022)$33.6M
NET TRADE (2022)-$30.6M

In 2022, South Korea exported $2.92M in String Instruments. The main destinations of South Korea exports on String Instruments were United Kingdom ($572k), Thailand ($339k), United States ($294k), Brazil ($265k), and Hong Kong ($175k).

In 2022, South Korea imported $33.6M in String Instruments, mainly from China ($17.7M), United States ($6.17M), Indonesia ($3.43M), Mexico ($1.58M), and United Kingdom ($933k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$270k (89.5%)
Brazil$158k (148%)
Hong Kong$136k (351%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY South Korea WERE (2021 - 2022):
United States-$475k (-61.8%)
Thailand-$174k (-33.8%)
Belgium-$149k (-64.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, South Korea's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

Explore Visualizations

Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $355k
TOP IMPORT POTENTIALChina+ $2.14M

String Instruments’s highest export potential is United States. With an export gap of $355k.   String Instruments’s highest import potential is China with an import gap of $2.14M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms