Furniture, bedding, lamps, & prefab buildings in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.4B in Furniture, bedding, lamps, & prefab buildings, making it the 30th largest exporter of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 34th most exported product in South Korea. The main destination of Furniture, bedding, lamps, & prefab buildings exports from South Korea are: United States ($418M), China ($247M), Japan ($101M), Vietnam ($89.3M), and Mexico ($70.2M).

The fastest growing export markets for Furniture, bedding, lamps, & prefab buildings of South Korea between 2021 and 2022 were United States ($50.2M), Vietnam ($32.7M), and India ($12.2M).

Imports In 2022, South Korea imported $5.05B in Furniture, bedding, lamps, & prefab buildings, becoming the 13th largest importer of Furniture, bedding, lamps, & prefab buildings in the world. At the same year, Furniture, bedding, lamps, & prefab buildings was the 21st most imported product in South Korea. South Korea imports Furniture, bedding, lamps, & prefab buildings primarily from: China ($3.99B), Vietnam ($336M), Italy ($160M), Germany ($103M), and United States ($67.6M).

The fastest growing import markets in Furniture, bedding, lamps, & prefab buildings for South Korea between 2021 and 2022 were Italy ($8.59M), Netherlands ($6.38M), and Germany ($4.52M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (8.72k), LG ELECTRONICS U.S.A. INC. (1.07k), and RTG FURNITURE CORPORATION (390) were at the forefront of shipping Furniture, bedding, lamps, & prefab buildings from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Furniture, bedding, lamps, & prefab buildings exports accounted up to $102M and imports accounted up to $268M, resulting in a negative trade balance of $166M. Between February 2023 and February 2024 the exports of South Korea's Furniture, bedding, lamps, & prefab buildings have increased by $974k (0.96%) from $101M to $102M, while imports increased by $31.7M (13.4%) from $237M to $268M.

Destinations In February 2024, Furniture, bedding, lamps, & prefab buildings were exported mostly to United States ($35.8M), China ($15.4M), Mexico ($7.94M), Japan ($5.5M), and Russia ($3.55M), and were imported mostly from China ($193M), Vietnam ($30.2M), Italy ($9.92M), Germany ($6.44M), and United States ($5.96M).

Growth In February 2024, the increase in Furniture, bedding, lamps, & prefab buildings's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($3.31M or 254%), Mexico ($1.51M or 22.5%), and India ($938k or 28.2%). In February 2024, the increase in Furniture, bedding, lamps, & prefab buildings's year-by-year imports was explained primarily by an increase in imports from Italy ($1.97M or 16.4%), Denmark ($644k or 14.4%), and United Kingdom ($294k or 45.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$974k(0.96%)

IMPORT GROWTH (February 2023 - February 2024)$31.7M(13.4%)

MAIN DESTINATION (February 2024)United States$35.8M

This section shows Furniture, bedding, lamps, & prefab buildings'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 Furniture, bedding, lamps, & prefab buildings over time.

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