Lighters in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $8.46M in Lighters, making it the 22nd largest exporter of Lighters in the world. At the same year, Lighters was the 752nd most exported product in South Korea. The main destination of Lighters exports from South Korea are: Hong Kong ($5.63M), China ($741k), Turkey ($708k), Slovakia ($322k), and Malaysia ($179k).

The fastest growing export markets for Lighters of South Korea between 2021 and 2022 were Turkey ($316k), Malaysia ($178k), and Nigeria ($34.8k).

Imports In 2022, South Korea imported $29.6M in Lighters, becoming the 21st largest importer of Lighters in the world. At the same year, Lighters was the 772nd most imported product in South Korea. South Korea imports Lighters primarily from: China ($18M), United States ($7.03M), France ($2.63M), Vietnam ($980k), and Japan ($506k).

The fastest growing import markets in Lighters for South Korea between 2021 and 2022 were China ($574k), France ($537k), and Vietnam ($271k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Lighters exports accounted up to $54k and imports accounted up to $1.65M, resulting in a negative trade balance of $1.6M. Between July 2023 and July 2024 the exports of South Korea's Lighters have decreased by $-240k (-81.6%) from $294k to $54k, while imports decreased by $-364k (-18.1%) from $2.01M to $1.65M.

Destinations In July 2024, Lighters were exported mostly to China ($23k), Hong Kong ($20k), Belgium ($6k), Ireland ($2k), and United States ($2k), and were imported mostly from China ($1.22M), United States ($273k), Vietnam ($125k), France ($27k), and Japan ($4k).

Growth In July 2024, the decrease in Lighters's year-by-year exports was explained primarily by a decrease in exports to China ($-181k or -95.8%), Turkey ($-24k or -29.6%), and United States ($-17k or -65.4%). In July 2024, the decrease in Lighters's year-by-year imports was explained primarily by a decrease in imports from United States ($-623k or -60.8%) and United Kingdom ($-1k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-240k(-81.6%)

IMPORT GROWTH (July 2023 - July 2024)$-364k(-18.1%)

MAIN DESTINATION (July 2024)China$23k

This section shows Lighters'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 Lighters over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.46M

IMPORTS (2022)$29.6M

NET TRADE (2022)-$21.1M

In 2022, South Korea exported $8.46M in Lighters. The main destinations of South Korea exports on Lighters were Hong Kong ($5.63M), China ($741k), Turkey ($708k), Slovakia ($322k), and Malaysia ($179k).

In 2022, South Korea imported $29.6M in Lighters, mainly from China ($18M), United States ($7.03M), France ($2.63M), Vietnam ($980k), and Japan ($506k).

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