2022
Exports
$1.4MWorld Rnk 22 / 111
Flag Rnk 959 / 1204
2022
PRODUCT COMPLEXITY IN Watch Movements
1.76Rnk 17 / 1025
2022
Imports
$4.49MWorld Rnk 19 / 168
Flag Rnk 1031 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.4M in Watch Movements, making it the 22nd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 959th most exported product in South Korea. The main destination of Watch Movements exports from South Korea are: China ($350k), Switzerland ($315k), India ($299k), Hong Kong ($271k), and United States ($114k).

The fastest growing export markets for Watch Movements of South Korea between 2021 and 2022 were India ($299k), China ($176k), and United States ($103k).

Imports In 2022, South Korea imported $4.49M in Watch Movements, becoming the 19th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 1031st most imported product in South Korea. South Korea imports Watch Movements primarily from: Switzerland ($2.4M), Japan ($649k), United States ($590k), Italy ($290k), and Thailand ($273k).

The fastest growing import markets in Watch Movements for South Korea between 2021 and 2022 were Japan ($213k), United States ($202k), and Thailand ($77.7k).

COMPANIES In 2023, leading companies such as Tesla (7) and General Motors (6) were at the forefront of shipping Watch Movements from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-75k(-97.4%)
IMPORT GROWTH (September 2023 - September 2024)$11k(3.5%)
MAIN DESTINATION (September 2024)Hong Kong$1k

This section shows Watch Movements'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 Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4M
IMPORTS (2022)$4.49M
NET TRADE (2022)-$3.09M

In 2022, South Korea exported $1.4M in Watch Movements. The main destinations of South Korea exports on Watch Movements were China ($350k), Switzerland ($315k), India ($299k), Hong Kong ($271k), and United States ($114k).

In 2022, South Korea imported $4.49M in Watch Movements, mainly from Switzerland ($2.4M), Japan ($649k), United States ($590k), Italy ($290k), and Thailand ($273k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$299k (214k%)
China$176k (101%)
United States$103k (970%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY South Korea WERE (2021 - 2022):
Hong Kong-$521k (-65.7%)
Nigeria-$11.3k (-100%)
Canada-$9.24k (-99.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $272k
TOP IMPORT POTENTIALJapan+ $414k

Watch Movements’s highest export potential is China. With an export gap of $272k.   Watch Movements’s highest import potential is Japan with an import gap of $414k.

See methodology.

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