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2022
Exports $61MWorld Rnk 37 / 209
Flag Rnk 456 / 1204
2022
Destination $3.16M United States
2021 - 2022
FASTEST GROWING MARKET $3.16MIndia
2022
PRODUCT COMPLEXITY IN Mattresses-0.5Rnk 701 / 1025
2022
Imports $522MWorld Rnk 9 / 225
Flag Rnk 181 / 1213
2022
Origin $4.4M China
2021 - 2022
FASTEST GROWING ORIGIN $4.4MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $61M in Mattresses, making it the 37th largest exporter of Mattresses in the world. At the same year, Mattresses was the 456th most exported product in South Korea. The main destination of Mattresses exports from South Korea are: United States ($23.6M), Chinese Taipei ($5.84M), Japan ($5M), Vietnam ($4.23M), and India ($3.24M).

The fastest growing export markets for Mattresses of South Korea between 2021 and 2022 were India ($3.16M), Indonesia ($802k), and Vietnam ($712k).

Imports In 2022, South Korea imported $522M in Mattresses, becoming the 9th largest importer of Mattresses in the world. At the same year, Mattresses was the 181st most imported product in South Korea. South Korea imports Mattresses primarily from: China ($373M), Denmark ($44.1M), Vietnam ($21.3M), Germany ($19.7M), and Italy ($17.5M).

The fastest growing import markets in Mattresses for South Korea between 2021 and 2022 were Germany ($4.4M), Estonia ($1.67M), and France ($1.4M).

COMPANIES In 2023, leading companies such as LG Electronics (6), Samsung (4), and Goldensee Limited (2) were at the forefront of shipping Mattresses from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Mattresses exports accounted up to $5.84M and imports accounted up to $44.3M, resulting in a negative trade balance of $38.5M. Between July 2023 and July 2024 the exports of South Korea's   Mattresses have decreased by $-2.47M (-29.7%) from $8.31M to $5.84M, while imports increased by $7.7M (21%) from $36.6M to $44.3M.

Destinations In July 2024, Mattresses were exported mostly to United States ($2.48M), Chinese Taipei ($729k), China ($495k), Vietnam ($454k), and Japan ($439k), and were imported mostly from China ($32.6M), Denmark ($4.54M), Vietnam ($1.89M), United States ($901k), and Hungary ($592k).

Growth In July 2024, the decrease in Mattresses's year-by-year exports was explained primarily by a decrease in exports to United States ($-811k or -31%), China ($-313k or -84.1%), and Japan ($-200k or -39.6%). In July 2024, the increase in Mattresses's year-by-year imports was explained primarily by an increase in imports from Denmark ($1.02M or 39%), United Kingdom ($347k or 365%), and Germany ($305k or 27.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.47M(-29.7%)
IMPORT GROWTH (July 2023 - July 2024)$7.7M(21%)
MAIN DESTINATION (July 2024)United States$2.48M

This section shows Mattresses'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 Mattresses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61M
IMPORTS (2022)$522M
NET TRADE (2022)-$461M

In 2022, South Korea exported $61M in Mattresses. The main destinations of South Korea exports on Mattresses were United States ($23.6M), Chinese Taipei ($5.84M), Japan ($5M), Vietnam ($4.23M), and India ($3.24M).

In 2022, South Korea imported $522M in Mattresses, mainly from China ($373M), Denmark ($44.1M), Vietnam ($21.3M), Germany ($19.7M), and Italy ($17.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mattresses EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$3.16M (3.73k%)
Indonesia$802k (199%)
Vietnam$712k (20.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mattresses BY South Korea WERE (2021 - 2022):
China-$1.08M (-30.3%)
United States-$823k (-3.37%)
Hong Kong-$736k (-59.9%)
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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 Mattresses were:
China $9.84B
Poland $1.38B
India $771M
In 2022, South Korea's main importing competitors in Mattresses were:
United States $5.58B
Germany $1.58B
Japan $1.5B

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Trade Value of Mattresses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.23M
TOP IMPORT POTENTIALChina+ $42.1M

Mattresses’s highest export potential is United States. With an export gap of $7.23M.   Mattresses’s highest import potential is China with an import gap of $42.1M.

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