2022
Exports
$209MWorld Rnk 26 / 219
Flag Rnk 269 / 1204
2022
PRODUCT COMPLEXITY IN Light Fixtures
0.45Rnk 384 / 1025
2022
Imports
$1.07BWorld Rnk 15 / 224
Flag Rnk 97 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $209M in Light Fixtures, making it the 26th largest exporter of Light Fixtures in the world. At the same year, Light Fixtures was the 269th most exported product in South Korea. The main destination of Light Fixtures exports from South Korea are: United States ($49.3M), Japan ($32.4M), China ($12.7M), Vietnam ($12.3M), and India ($12.1M).

The fastest growing export markets for Light Fixtures of South Korea between 2021 and 2022 were United States ($3.9M), India ($3.08M), and Saudi Arabia ($2.48M).

Imports In 2022, South Korea imported $1.07B in Light Fixtures, becoming the 15th largest importer of Light Fixtures in the world. At the same year, Light Fixtures was the 97th most imported product in South Korea. South Korea imports Light Fixtures primarily from: China ($957M), Vietnam ($29.2M), Germany ($15.7M), Japan ($12.1M), and Italy ($10.3M).

The fastest growing import markets in Light Fixtures for South Korea between 2021 and 2022 were Netherlands ($2.37M), Vietnam ($1.7M), and Malaysia ($1.07M).

COMPANIES In 2023, leading companies such as Samsung (10), Goldensee Limited (2), and LG Electronics (1) were at the forefront of shipping Light Fixtures from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.45M(-14.4%)
IMPORT GROWTH (July 2023 - July 2024)$4.74M(9.64%)
MAIN DESTINATION (July 2024)United States$2.35M

This section shows Light Fixtures'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 Light Fixtures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$209M
IMPORTS (2022)$1.07B
NET TRADE (2022)-$856M

In 2022, South Korea exported $209M in Light Fixtures. The main destinations of South Korea exports on Light Fixtures were United States ($49.3M), Japan ($32.4M), China ($12.7M), Vietnam ($12.3M), and India ($12.1M).

In 2022, South Korea imported $1.07B in Light Fixtures, mainly from China ($957M), Vietnam ($29.2M), Germany ($15.7M), Japan ($12.1M), and Italy ($10.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Light Fixtures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$3.9M (8.58%)
India$3.08M (34%)
Saudi Arabia$2.48M (79.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Fixtures BY South Korea WERE (2021 - 2022):
Russia-$7.93M (-66.6%)
China-$4.51M (-26.3%)
Mexico-$3.72M (-54.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Light Fixtures were:
Germany $2.87B
Italy $1.95B
In 2022, South Korea's main importing competitors in Light Fixtures were:

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Trade Value of Light Fixtures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6M
TOP IMPORT POTENTIALChina+ $137M

Light Fixtures’s highest export potential is United States. With an export gap of $21.6M.   Light Fixtures’s highest import potential is China with an import gap of $137M.

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