2022
Exports
$14.1MWorld Rnk 48 / 186
Flag Rnk 691 / 1204
2022
PRODUCT COMPLEXITY IN Wood Crates
0.3Rnk 451 / 1025
2022
Imports
$62.1MWorld Rnk 21 / 216
Flag Rnk 625 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $14.1M in Wood Crates, making it the 48th largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 691st most exported product in South Korea. The main destination of Wood Crates exports from South Korea are: United States ($1.63M), United Kingdom ($1.41M), Mexico ($1.16M), Spain ($977k), and Italy ($969k).

The fastest growing export markets for Wood Crates of South Korea between 2021 and 2022 were United Kingdom ($588k), Poland ($329k), and Hungary ($287k).

Imports In 2022, South Korea imported $62.1M in Wood Crates, becoming the 21st largest importer of Wood Crates in the world. At the same year, Wood Crates was the 625th most imported product in South Korea. South Korea imports Wood Crates primarily from: China ($23.1M), United States ($17.3M), Vietnam ($4.72M), Netherlands ($4.51M), and Brazil ($2.61M).

The fastest growing import markets in Wood Crates for South Korea between 2021 and 2022 were United States ($4.34M), Vietnam ($176k), and Poland ($156k).

COMPANIES In 2023, leading companies such as Tesla (12), Sobel Westex (3), and LG Electronics (2) were at the forefront of shipping Wood Crates from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-116k(-5.91%)
IMPORT GROWTH (July 2023 - July 2024)$-60k(-1.28%)
MAIN DESTINATION (July 2024)United States$440k

This section shows Wood Crates'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 Wood Crates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.1M
IMPORTS (2022)$62.1M
NET TRADE (2022)-$48M

In 2022, South Korea exported $14.1M in Wood Crates. The main destinations of South Korea exports on Wood Crates were United States ($1.63M), United Kingdom ($1.41M), Mexico ($1.16M), Spain ($977k), and Italy ($969k).

In 2022, South Korea imported $62.1M in Wood Crates, mainly from China ($23.1M), United States ($17.3M), Vietnam ($4.72M), Netherlands ($4.51M), and Brazil ($2.61M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$588k (71.7%)
Poland$329k (610%)
Hungary$287k (277%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY South Korea WERE (2021 - 2022):
United States-$1.92M (-54.2%)
Netherlands-$1.74M (-89.6%)
China-$1.22M (-57.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Wood Crates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.13M
TOP IMPORT POTENTIALUnited States+ $971k

Wood Crates’s highest export potential is United States. With an export gap of $1.13M.   Wood Crates’s highest import potential is United States with an import gap of $971k.

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