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2022
Exports $351MWorld Rnk 16 / 203
Flag Rnk 196 / 1204
2022
Destination $9.63M China
2021 - 2022
FASTEST GROWING MARKET $9.63MRussia
2022
PRODUCT COMPLEXITY IN Hair Products0.18Rnk 493 / 1025
2022
Imports $209MWorld Rnk 19 / 224
Flag Rnk 346 / 1213
2022
Origin $3.03M United States
2021 - 2022
FASTEST GROWING ORIGIN $3.03MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $351M in Hair Products, making it the 16th largest exporter of Hair Products in the world. At the same year, Hair Products was the 196th most exported product in South Korea. The main destination of Hair Products exports from South Korea are: China ($113M), United States ($47.2M), Japan ($30.9M), Russia ($29.6M), and Chinese Taipei ($23M).

The fastest growing export markets for Hair Products of South Korea between 2021 and 2022 were Russia ($9.63M), Chinese Taipei ($3.73M), and Vietnam ($3.72M).

Imports In 2022, South Korea imported $209M in Hair Products, becoming the 19th largest importer of Hair Products in the world. At the same year, Hair Products was the 346th most imported product in South Korea. South Korea imports Hair Products primarily from: United States ($56.8M), Japan ($37.5M), Thailand ($36.4M), China ($15.9M), and France ($12.4M).

The fastest growing import markets in Hair Products for South Korea between 2021 and 2022 were United States ($3.03M), France ($2.56M), and China ($1.25M).

COMPANIES In 2023, leading companies such as LG Electronics (6) were at the forefront of shipping Hair Products from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Hair Products exports accounted up to $36.7M and imports accounted up to $19.9M, resulting in a positive trade balance of $16.8M. Between July 2023 and July 2024 the exports of South Korea's   Hair Products have increased by $11.5M (45.8%) from $25.2M to $36.7M, while imports increased by $1.95M (10.8%) from $18M to $19.9M.

Destinations In July 2024, Hair Products were exported mostly to United States ($9.07M), China ($5.3M), Chinese Taipei ($4.44M), Japan ($3.34M), and Russia ($2.77M), and were imported mostly from United States ($3.61M), Thailand ($3.49M), Japan ($2.86M), France ($2.68M), and Israel ($2.41M).

Growth In July 2024, the increase in Hair Products's year-by-year exports was explained primarily by an increase in exports to Ukraine ($410k or 105%), Mongolia ($193k or 131%), and Kazakhstan ($180k or 62.1%). In July 2024, the increase in Hair Products's year-by-year imports was explained primarily by an increase in imports from Thailand ($1.19M or 36.4%), France ($1.19M or 76.1%), and United States ($1.05M or 24.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$11.5M(45.8%)
IMPORT GROWTH (July 2023 - July 2024)$1.95M(10.8%)
MAIN DESTINATION (July 2024)United States$9.07M

This section shows Hair Products'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 Hair Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$351M
IMPORTS (2022)$209M
NET TRADE (2022)$142M

In 2022, South Korea exported $351M in Hair Products. The main destinations of South Korea exports on Hair Products were China ($113M), United States ($47.2M), Japan ($30.9M), Russia ($29.6M), and Chinese Taipei ($23M).

In 2022, South Korea imported $209M in Hair Products, mainly from United States ($56.8M), Japan ($37.5M), Thailand ($36.4M), China ($15.9M), and France ($12.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hair Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$9.63M (48.2%)
Chinese Taipei$3.73M (19.4%)
Vietnam$3.72M (39.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hair Products BY South Korea WERE (2021 - 2022):
China-$64.8M (-36.4%)
United States-$11.5M (-19.6%)
Japan-$5.47M (-15.1%)
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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 Hair Products were:
United States $1.63B
Germany $1.51B
Italy $1.36B
In 2022, South Korea's main importing competitors in Hair Products were:
United States $1.73B
Germany $916M
United Kingdom $794M

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Trade Value of Hair Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12M
TOP IMPORT POTENTIALChina+ $9.59M

Hair Products’s highest export potential is United States. With an export gap of $12M.   Hair Products’s highest import potential is China with an import gap of $9.59M.

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