2022
Exports
$8.1MWorld Rnk 12 / 113
Flag Rnk 757 / 1204
2022
PRODUCT COMPLEXITY IN Watch Cases and Parts
0.59Rnk 324 / 1025
2022
Imports
$5.74MWorld Rnk 19 / 171
Flag Rnk 1004 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.1M in Watch Cases and Parts, making it the 12th largest exporter of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 757th most exported product in South Korea. The main destination of Watch Cases and Parts exports from South Korea are: Switzerland ($4.98M), Hong Kong ($2.81M), Japan ($95.7k), China ($92.4k), and France ($45.2k).

The fastest growing export markets for Watch Cases and Parts of South Korea between 2021 and 2022 were Hong Kong ($1.7M), Switzerland ($1.04M), and Japan ($60.8k).

Imports In 2022, South Korea imported $5.74M in Watch Cases and Parts, becoming the 19th largest importer of Watch Cases and Parts in the world. At the same year, Watch Cases and Parts was the 1004th most imported product in South Korea. South Korea imports Watch Cases and Parts primarily from: China ($4.19M), Switzerland ($1.12M), Sweden ($131k), Madagascar ($87.4k), and Hong Kong ($51.8k).

The fastest growing import markets in Watch Cases and Parts for South Korea between 2021 and 2022 were China ($1.45M), Switzerland ($108k), and Madagascar ($87.4k).

COMPANIES In 2023, leading companies such as Fuyao Glass (2) were at the forefront of shipping Watch Cases and Parts from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-66k(-10.3%)
IMPORT GROWTH (October 2023 - October 2024)$12k(5.24%)
MAIN DESTINATION (October 2024)Switzerland$434k

This section shows Watch Cases and Parts'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 Watch Cases and Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.1M
IMPORTS (2022)$5.74M
NET TRADE (2022)$2.36M

In 2022, South Korea exported $8.1M in Watch Cases and Parts. The main destinations of South Korea exports on Watch Cases and Parts were Switzerland ($4.98M), Hong Kong ($2.81M), Japan ($95.7k), China ($92.4k), and France ($45.2k).

In 2022, South Korea imported $5.74M in Watch Cases and Parts, mainly from China ($4.19M), Switzerland ($1.12M), Sweden ($131k), Madagascar ($87.4k), and Hong Kong ($51.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Cases and Parts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$1.7M (155%)
Switzerland$1.04M (26.4%)
Japan$60.8k (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Cases and Parts BY South Korea WERE (2021 - 2022):
China-$432k (-82.4%)
Thailand-$255k (-95.1%)
United States-$250k (-97.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Watch Cases and Parts were:
In 2022, South Korea's main importing competitors in Watch Cases and Parts were:

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Trade Value of Watch Cases and Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $167k
TOP IMPORT POTENTIALChina+ $1.58M

Watch Cases and Parts’s highest export potential is China. With an export gap of $167k.   Watch Cases and Parts’s highest import potential is China with an import gap of $1.58M.

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