2023
Exports
$58.8MWorld Rnk 38 / 188
Flag Rnk 420 / 1188
2023
PRODUCT COMPLEXITY IN Glass Bottles
-0.52Rnk 711 / 1025
2023
Imports
$99.6MWorld Rnk 28 / 219
Flag Rnk 476 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $58.8M in Glass Bottles, making it the 38th largest exporter of Glass Bottles in the world. At the same year, Glass Bottles was the 420th most exported product in South Korea. The main destination of Glass Bottles exports from South Korea are: United States ($18M), Australia ($13.3M), Spain ($3.39M), Indonesia ($2.88M), and Japan ($2.71M).

The fastest growing export markets for Glass Bottles of South Korea between 2022 and 2023 were Turkey ($749k), Brazil ($712k), and France ($703k).

Imports In 2023, South Korea imported $99.6M in Glass Bottles, becoming the 28th largest importer of Glass Bottles in the world. At the same year, Glass Bottles was the 476th most imported product in South Korea. South Korea imports Glass Bottles primarily from: China ($65.5M), Japan ($11.3M), Germany ($10.3M), Italy ($3.31M), and France ($2.67M).

The fastest growing import markets in Glass Bottles for South Korea between 2022 and 2023 were China ($11M), Italy ($1.72M), and Netherlands ($321k).

COMPANIES In 2024, leading companies such as CJ Foods (1) were at the forefront of shipping Glass Bottles from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.32M(-25.7%)
IMPORT GROWTH (December 2023 - December 2024)$2.14M(26.7%)
MAIN DESTINATION (December 2024)United States$896k

This section shows Glass Bottles'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 Glass Bottles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$58.8M
IMPORTS (2023)$99.6M
NET TRADE (2023)-$40.8M

In 2023, South Korea exported $58.8M in Glass Bottles. The main destinations of South Korea exports on Glass Bottles were United States ($18M), Australia ($13.3M), Spain ($3.39M), Indonesia ($2.88M), and Japan ($2.71M).

In 2023, South Korea imported $99.6M in Glass Bottles, mainly from China ($65.5M), Japan ($11.3M), Germany ($10.3M), Italy ($3.31M), and France ($2.67M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass Bottles EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Turkey$749k (108%)
Brazil$712k (713%)
France$703k (36.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass Bottles BY South Korea WERE (2022 - 2023):
United States-$12.9M (-41.8%)
Germany-$2.08M (-49.9%)
Thailand-$1.21M (-56.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Glass Bottles were:
China $2.33B
Germany $1.88B
Italy $1.22B
In 2023, South Korea's main importing competitors in Glass Bottles were:

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Trade Value of Glass Bottles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.61M
TOP IMPORT POTENTIALChina+ $12.5M

Glass Bottles’s highest export potential is United States. With an export gap of $3.61M.   Glass Bottles’s highest import potential is China with an import gap of $12.5M.

See methodology.

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