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2022
Exports $481MWorld Rnk 3 / 121
Flag Rnk 167 / 1204
2022
Destination $2.52M China
2021 - 2022
FASTEST GROWING MARKET $2.52MNetherlands
2022
PRODUCT COMPLEXITY IN Glass with Edge Workings1.25Rnk 99 / 1025
2022
Imports $376MWorld Rnk 3 / 202
Flag Rnk 231 / 1213
2022
Origin $14.7M Japan
2021 - 2022
FASTEST GROWING ORIGIN $14.7MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $481M in Glass with Edge Workings, making it the 3rd largest exporter of Glass with Edge Workings in the world. At the same year, Glass with Edge Workings was the 167th most exported product in South Korea. The main destination of Glass with Edge Workings exports from South Korea are: China ($322M), Chinese Taipei ($69.7M), Japan ($68.7M), Vietnam ($10.6M), and Netherlands ($3.12M).

The fastest growing export markets for Glass with Edge Workings of South Korea between 2021 and 2022 were Netherlands ($2.52M), Singapore ($1.21M), and Mexico ($896k).

Imports In 2022, South Korea imported $376M in Glass with Edge Workings, becoming the 3rd largest importer of Glass with Edge Workings in the world. At the same year, Glass with Edge Workings was the 231st most imported product in South Korea. South Korea imports Glass with Edge Workings primarily from: Japan ($156M), Singapore ($114M), China ($63M), Malaysia ($26.8M), and Chinese Taipei ($5.31M).

The fastest growing import markets in Glass with Edge Workings for South Korea between 2021 and 2022 were Japan ($14.7M), China ($7.14M), and United States ($1.32M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Glass with Edge Workings exports accounted up to $29.5M and imports accounted up to $49M, resulting in a negative trade balance of $19.5M. Between October 2023 and October 2024 the exports of South Korea's   Glass with Edge Workings have increased by $555k (1.92%) from $29M to $29.5M, while imports increased by $8.31M (20.4%) from $40.7M to $49M.

Destinations In October 2024, Glass with Edge Workings were exported mostly to China ($22.3M), Japan ($4.86M), United States ($913k), Vietnam ($449k), and Netherlands ($406k), and were imported mostly from Japan ($19.2M), Singapore ($16.3M), China ($9.71M), Germany ($1.27M), and Malaysia ($1.13M).

Growth In October 2024, the increase in Glass with Edge Workings's year-by-year exports was explained primarily by an increase in exports to Singapore ($458k or 45.8k%), Netherlands ($152k or 60.3%), and Malaysia ($38k or 112%). In October 2024, the increase in Glass with Edge Workings's year-by-year imports was explained primarily by an increase in imports from Thailand ($249k or 78.3%), Indonesia ($18k or 58.1%), and Hong Kong ($9k or 900%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$555k(1.92%)
IMPORT GROWTH (October 2023 - October 2024)$8.31M(20.4%)
MAIN DESTINATION (October 2024)China$22.3M

This section shows Glass with Edge Workings'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 with Edge Workings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$481M
IMPORTS (2022)$376M
NET TRADE (2022)$105M

In 2022, South Korea exported $481M in Glass with Edge Workings. The main destinations of South Korea exports on Glass with Edge Workings were China ($322M), Chinese Taipei ($69.7M), Japan ($68.7M), Vietnam ($10.6M), and Netherlands ($3.12M).

In 2022, South Korea imported $376M in Glass with Edge Workings, mainly from Japan ($156M), Singapore ($114M), China ($63M), Malaysia ($26.8M), and Chinese Taipei ($5.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glass with Edge Workings EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$2.52M (424%)
Singapore$1.21M (4.39k%)
Mexico$896k (194k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass with Edge Workings BY South Korea WERE (2021 - 2022):
Chinese Taipei-$77.4M (-52.6%)
China-$67.1M (-17.3%)
Hong Kong-$54M (-95.1%)
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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 Glass with Edge Workings were:
China $821M
Japan $589M
In 2022, South Korea's main importing competitors in Glass with Edge Workings were:
China $859M
Chinese Taipei $407M

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Trade Value of Glass with Edge Workings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $1.98M
TOP IMPORT POTENTIALChina+ $14.5M

Glass with Edge Workings’s highest export potential is Hong Kong. With an export gap of $1.98M.   Glass with Edge Workings’s highest import potential is China with an import gap of $14.5M.

See methodology.

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