Other Clocks in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $2.01M in Other Clocks, making it the 29th largest exporter of Other Clocks in the world. At the same year, Other Clocks was the 921st most exported product in South Korea. The main destination of Other Clocks exports from South Korea are: United States ($789k), Switzerland ($249k), United Arab Emirates ($168k), China ($131k), and Japan ($109k).

The fastest growing export markets for Other Clocks of South Korea between 2021 and 2022 were United States ($120k), United Arab Emirates ($110k), and China ($103k).

Imports In 2022, South Korea imported $35.3M in Other Clocks, becoming the 9th largest importer of Other Clocks in the world. At the same year, Other Clocks was the 743rd most imported product in South Korea. South Korea imports Other Clocks primarily from: China ($31.2M), Germany ($842k), Hong Kong ($570k), Switzerland ($548k), and Spain ($359k).

The fastest growing import markets in Other Clocks for South Korea between 2021 and 2022 were Netherlands ($263k), Switzerland ($165k), and Germany ($132k).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (534) and SAMSUNG ELECTRONICS AMERICA (98) were at the forefront of shipping Other Clocks from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Other Clocks exports accounted up to $600k and imports accounted up to $1.99M, resulting in a negative trade balance of $1.39M. Between February 2023 and February 2024 the exports of South Korea's Other Clocks have increased by $146k (32.2%) from $454k to $600k, while imports increased by $682k (52.3%) from $1.31M to $1.99M.

Destinations In February 2024, Other Clocks were exported mostly to Japan ($382k), Switzerland ($106k), Hong Kong ($45k), Russia ($31k), and United States ($23k), and were imported mostly from China ($1.82M), Switzerland ($41k), Japan ($32k), Chinese Taipei ($22k), and United States ($22k).

Growth In February 2024, the increase in Other Clocks's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the increase in Other Clocks's year-by-year imports was explained primarily by an increase in imports from Switzerland ($44k or 4.4k%), United States ($27k or 270%), and Japan ($11k or 45.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$146k(32.2%)

IMPORT GROWTH (February 2023 - February 2024)$682k(52.3%)

MAIN DESTINATION (February 2024)Japan$382k

This section shows Other Clocks'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 Other Clocks over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.01M

IMPORTS (2022)$35.3M

NET TRADE (2022)-$33.3M

In 2022, South Korea exported $2.01M in Other Clocks. The main destinations of South Korea exports on Other Clocks were United States ($789k), Switzerland ($249k), United Arab Emirates ($168k), China ($131k), and Japan ($109k).

In 2022, South Korea imported $35.3M in Other Clocks, mainly from China ($31.2M), Germany ($842k), Hong Kong ($570k), Switzerland ($548k), and Spain ($359k).

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