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2022
Exports $3.23MWorld Rnk 24 / 128
Flag Rnk 874 / 1204
2022
Destination $561k Japan
2021 - 2022
FASTEST GROWING MARKET $561kJapan
2022
PRODUCT COMPLEXITY IN Book-binding Machines0.87Rnk 220 / 1025
2022
Imports $14.2MWorld Rnk 15 / 203
Flag Rnk 884 / 1213
2022
Origin $671k Japan
2021 - 2022
FASTEST GROWING ORIGIN $671kNetherlands
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.23M in Book-binding Machines, making it the 24th largest exporter of Book-binding Machines in the world. At the same year, Book-binding Machines was the 874th most exported product in South Korea. The main destination of Book-binding Machines exports from South Korea are: Japan ($893k), United States ($650k), Netherlands ($243k), Jordan ($153k), and China ($139k).

The fastest growing export markets for Book-binding Machines of South Korea between 2021 and 2022 were Japan ($561k), Netherlands ($240k), and Jordan ($150k).

Imports In 2022, South Korea imported $14.2M in Book-binding Machines, becoming the 15th largest importer of Book-binding Machines in the world. At the same year, Book-binding Machines was the 884th most imported product in South Korea. South Korea imports Book-binding Machines primarily from: Japan ($3.84M), Germany ($3.57M), China ($2.06M), Netherlands ($1.02M), and United Kingdom ($791k).

The fastest growing import markets in Book-binding Machines for South Korea between 2021 and 2022 were Netherlands ($671k), Switzerland ($608k), and Belgium ($358k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Book-binding Machines exports accounted up to $115k and imports accounted up to $608k, resulting in a negative trade balance of $493k. Between July 2023 and July 2024 the exports of South Korea's   Book-binding Machines have decreased by $-129k (-52.9%) from $244k to $115k, while imports increased by $415k (215%) from $193k to $608k.

Destinations In July 2024, Book-binding Machines were exported mostly to Japan ($74k), Indonesia ($18k), India ($9k), Germany ($7k), and Thailand ($6k), and were imported mostly from Japan ($218k), China ($198k), Belgium ($75k), Canada ($57k), and Germany ($44k).

Growth In July 2024, the decrease in Book-binding Machines's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-82k or -94.3%), Hong Kong ($-25k or -100%), and China ($-2k or -100%). In July 2024, the increase in Book-binding Machines's year-by-year imports was explained primarily by an increase in imports from Germany ($554k or 334%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-129k(-52.9%)
IMPORT GROWTH (July 2023 - July 2024)$415k(215%)
MAIN DESTINATION (July 2024)Japan$74k

This section shows Book-binding Machines'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 Book-binding Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.23M
IMPORTS (2022)$14.2M
NET TRADE (2022)-$11M

In 2022, South Korea exported $3.23M in Book-binding Machines. The main destinations of South Korea exports on Book-binding Machines were Japan ($893k), United States ($650k), Netherlands ($243k), Jordan ($153k), and China ($139k).

In 2022, South Korea imported $14.2M in Book-binding Machines, mainly from Japan ($3.84M), Germany ($3.57M), China ($2.06M), Netherlands ($1.02M), and United Kingdom ($791k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Book-binding Machines EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$561k (169%)
Netherlands$240k (6.3k%)
Jordan$150k (4.82k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Book-binding Machines BY South Korea WERE (2021 - 2022):
Nigeria-$1.14M (-99.9%)
United States-$274k (-29.7%)
Israel-$240k (-93.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Book-binding Machines were:
Germany $210M
Switzerland $98.9M
Japan $70M
In 2022, South Korea's main importing competitors in Book-binding Machines were:
United States $203M
Germany $63M
Netherlands $54.4M

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Trade Value of Book-binding Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $353k
TOP IMPORT POTENTIALChina+ $785k

Book-binding Machines’s highest export potential is United States. With an export gap of $353k.   Book-binding Machines’s highest import potential is China with an import gap of $785k.

See methodology.

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