2023
Exports
$994MWorld Rnk 10 / 208
Flag Rnk 92 / 1188
2023
PRODUCT COMPLEXITY IN Video Recording Equipment
0.86Rnk 223 / 1025
2023
Imports
$658MWorld Rnk 16 / 219
Flag Rnk 132 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $994M in Video Recording Equipment, making it the 10th largest exporter of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 92nd most exported product in South Korea. The main destination of Video Recording Equipment exports from South Korea are: United States ($293M), Japan ($162M), China ($58.1M), Germany ($46.9M), and India ($45.9M).

The fastest growing export markets for Video Recording Equipment of South Korea between 2022 and 2023 were India ($24.2M), Mexico ($11.4M), and Thailand ($11.3M).

Imports In 2023, South Korea imported $658M in Video Recording Equipment, becoming the 16th largest importer of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 132nd most imported product in South Korea. South Korea imports Video Recording Equipment primarily from: China ($331M), Japan ($78.7M), Germany ($58.3M), Thailand ($41.1M), and United States ($31.3M).

The fastest growing import markets in Video Recording Equipment for South Korea between 2022 and 2023 were Hong Kong ($20.1M), Israel ($15.3M), and Singapore ($12.5M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-6.75M(-45.3%)
IMPORT GROWTH (December 2023 - December 2024)$-362k(-10%)
MAIN DESTINATION (December 2024)United States$2.83M

This section shows Video Recording Equipment'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 Video Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$994M
IMPORTS (2023)$658M
NET TRADE (2023)$336M

In 2023, South Korea exported $994M in Video Recording Equipment. The main destinations of South Korea exports on Video Recording Equipment were United States ($293M), Japan ($162M), China ($58.1M), Germany ($46.9M), and India ($45.9M).

In 2023, South Korea imported $658M in Video Recording Equipment, mainly from China ($331M), Japan ($78.7M), Germany ($58.3M), Thailand ($41.1M), and United States ($31.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Video Recording Equipment EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$24.2M (111%)
Mexico$11.4M (335%)
Thailand$11.3M (319%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Recording Equipment BY South Korea WERE (2022 - 2023):
United States-$71.3M (-19.6%)
Japan-$18.5M (-10.2%)
Netherlands-$10.3M (-30.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Video Recording Equipment were:
China $16.5B
Vietnam $3.13B
In 2023, South Korea's main importing competitors in Video Recording Equipment were:

Explore Visualizations

Trade Value of Video Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.37M
TOP IMPORT POTENTIALChina+ $10.5M

Video Recording Equipment’s highest export potential is United States. With an export gap of $2.37M.   Video Recording Equipment’s highest import potential is China with an import gap of $10.5M.

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