2022
Exports
$134MWorld Rnk 7 / 133
Flag Rnk 339 / 1204
2022
PRODUCT COMPLEXITY IN Weapons Parts and Accessories
0.47Rnk 374 / 1025
2022
Imports
$22.9MWorld Rnk 30 / 186
Flag Rnk 815 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $134M in Weapons Parts and Accessories, making it the 7th largest exporter of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 339th most exported product in South Korea. The main destination of Weapons Parts and Accessories exports from South Korea are: Saudi Arabia ($36.1M), United States ($33.7M), United Arab Emirates ($29.5M), Poland ($25.6M), and Israel ($4.33M).

The fastest growing export markets for Weapons Parts and Accessories of South Korea between 2021 and 2022 were United Arab Emirates ($19.4M), Poland ($6.87M), and Saudi Arabia ($2.25M).

Imports In 2022, South Korea imported $22.9M in Weapons Parts and Accessories, becoming the 30th largest importer of Weapons Parts and Accessories in the world. At the same year, Weapons Parts and Accessories was the 815th most imported product in South Korea. South Korea imports Weapons Parts and Accessories primarily from: United States ($15M), Israel ($1.52M), Chinese Taipei ($1.37M), India ($1.2M), and Switzerland ($989k).

The fastest growing import markets in Weapons Parts and Accessories for South Korea between 2021 and 2022 were Israel ($1.45M), Switzerland ($683k), and Netherlands ($408k).

COMPANIES In 2023, leading companies such as LG Electronics (12) and Ford Motor Company (2) were at the forefront of shipping Weapons Parts and Accessories from South Korea to the United States.

Latest Trends

October 2022

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2021 - October 2022)$5.95M(89.8%)
IMPORT GROWTH (October 2021 - October 2022)$-1.56M(-64.6%)
MAIN DESTINATION (October 2022)

This section shows Weapons Parts and Accessories'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 Weapons Parts and Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$134M
IMPORTS (2022)$22.9M
NET TRADE (2022)$111M

In 2022, South Korea exported $134M in Weapons Parts and Accessories. The main destinations of South Korea exports on Weapons Parts and Accessories were Saudi Arabia ($36.1M), United States ($33.7M), United Arab Emirates ($29.5M), Poland ($25.6M), and Israel ($4.33M).

In 2022, South Korea imported $22.9M in Weapons Parts and Accessories, mainly from United States ($15M), Israel ($1.52M), Chinese Taipei ($1.37M), India ($1.2M), and Switzerland ($989k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Weapons Parts and Accessories EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Poland$6.87M (36.8%)
Saudi Arabia$2.25M (6.65%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Weapons Parts and Accessories BY South Korea WERE (2021 - 2022):
United States-$22.4M (-40%)
Nepal-$1.65M (-96.8%)
Philippines-$949k (-41.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Weapons Parts and Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.69M
TOP IMPORT POTENTIALIndia+ $932k

Weapons Parts and Accessories’s highest export potential is United States. With an export gap of $3.69M.   Weapons Parts and Accessories’s highest import potential is India with an import gap of $932k.

See methodology.

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