2022
Exports
$6.14MWorld Rnk 31 / 200
Flag Rnk 795 / 1204
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$52.1MWorld Rnk 19 / 219
Flag Rnk 662 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.14M in Wrenches, making it the 31st largest exporter of Wrenches in the world. At the same year, Wrenches was the 795th most exported product in South Korea. The main destination of Wrenches exports from South Korea are: United States ($1.65M), China ($1.02M), Mexico ($636k), Japan ($559k), and Iraq ($208k).

The fastest growing export markets for Wrenches of South Korea between 2021 and 2022 were China ($614k), United States ($210k), and Burma ($168k).

Imports In 2022, South Korea imported $52.1M in Wrenches, becoming the 19th largest importer of Wrenches in the world. At the same year, Wrenches was the 662nd most imported product in South Korea. South Korea imports Wrenches primarily from: China ($20M), Japan ($12.5M), Chinese Taipei ($9.1M), United States ($3.4M), and Germany ($3.27M).

The fastest growing import markets in Wrenches for South Korea between 2021 and 2022 were United States ($602k), Spain ($212k), and Switzerland ($145k).

COMPANIES In 2023, leading companies such as LG Electronics (145), CNH Industrial (9), and Goldensee Limited (5) were at the forefront of shipping Wrenches from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$182k(39.3%)
IMPORT GROWTH (September 2023 - September 2024)$98k(2.97%)
MAIN DESTINATION (September 2024)United States$152k

This section shows Wrenches'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 Wrenches over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$6.14M
IMPORTS (2022)$52.1M
NET TRADE (2022)-$46M

In 2022, South Korea exported $6.14M in Wrenches. The main destinations of South Korea exports on Wrenches were United States ($1.65M), China ($1.02M), Mexico ($636k), Japan ($559k), and Iraq ($208k).

In 2022, South Korea imported $52.1M in Wrenches, mainly from China ($20M), Japan ($12.5M), Chinese Taipei ($9.1M), United States ($3.4M), and Germany ($3.27M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$614k (152%)
United States$210k (14.6%)
Burma$168k (178k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY South Korea WERE (2021 - 2022):
United Arab Emirates-$93.5k (-81.8%)
Italy-$60.3k (-80.3%)
Pakistan-$56.6k (-97.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $739k
TOP IMPORT POTENTIALChina+ $6.52M

Wrenches’s highest export potential is United States. With an export gap of $739k.   Wrenches’s highest import potential is China with an import gap of $6.52M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with