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2022
Exports $322MWorld Rnk 9 / 180
Flag Rnk 206 / 1204
2022
Destination $11M Vietnam
2021 - 2022
FASTEST GROWING MARKET $11MNetherlands
2022
PRODUCT COMPLEXITY IN Mirrors and Lenses1.49Rnk 54 / 1025
2022
Imports $1.08BWorld Rnk 6 / 215
Flag Rnk 96 / 1213
2022
Origin $113M China
2021 - 2022
FASTEST GROWING ORIGIN $113MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $322M in Mirrors and Lenses, making it the 9th largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 206th most exported product in South Korea. The main destination of Mirrors and Lenses exports from South Korea are: Vietnam ($100M), China ($53.3M), United States ($40.5M), Netherlands ($35.2M), and Chinese Taipei ($31.3M).

The fastest growing export markets for Mirrors and Lenses of South Korea between 2021 and 2022 were Netherlands ($11M), Japan ($1.14M), and Poland ($946k).

Imports In 2022, South Korea imported $1.08B in Mirrors and Lenses, becoming the 6th largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 96th most imported product in South Korea. South Korea imports Mirrors and Lenses primarily from: China ($437M), Chinese Taipei ($284M), Singapore ($82M), Japan ($60.2M), and Netherlands ($56M).

The fastest growing import markets in Mirrors and Lenses for South Korea between 2021 and 2022 were China ($113M), Netherlands ($21M), and Austria ($14M).

COMPANIES In 2023, leading companies such as Samsung (3) were at the forefront of shipping Mirrors and Lenses from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Mirrors and Lenses exports accounted up to $46.2M and imports accounted up to $204M, resulting in a negative trade balance of $158M. Between October 2023 and October 2024 the exports of South Korea's   Mirrors and Lenses have increased by $24.2M (110%) from $22.1M to $46.2M, while imports increased by $71.5M (53.9%) from $133M to $204M.

Destinations In October 2024, Mirrors and Lenses were exported mostly to Netherlands ($25.9M), Vietnam ($4.74M), China ($3.82M), Singapore ($2.78M), and United States ($2.65M), and were imported mostly from Netherlands ($62.7M), Chinese Taipei ($39.8M), China ($37.1M), Thailand ($24.2M), and Germany ($22.2M).

Growth In October 2024, the increase in Mirrors and Lenses's year-by-year exports was explained primarily by an increase in exports to Netherlands ($2.6M or 156%), Japan ($1.76M or 231%), and Malaysia ($36k or 116%). In October 2024, the increase in Mirrors and Lenses's year-by-year imports was explained primarily by an increase in imports from Japan ($16.2M or 77.6%), Chinese Taipei ($8.77M or 41.6%), and Israel ($752k or 165%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$24.2M(110%)
IMPORT GROWTH (October 2023 - October 2024)$71.5M(53.9%)
MAIN DESTINATION (October 2024)Netherlands$25.9M

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$322M
IMPORTS (2022)$1.08B
NET TRADE (2022)-$761M

In 2022, South Korea exported $322M in Mirrors and Lenses. The main destinations of South Korea exports on Mirrors and Lenses were Vietnam ($100M), China ($53.3M), United States ($40.5M), Netherlands ($35.2M), and Chinese Taipei ($31.3M).

In 2022, South Korea imported $1.08B in Mirrors and Lenses, mainly from China ($437M), Chinese Taipei ($284M), Singapore ($82M), Japan ($60.2M), and Netherlands ($56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$11M (45.3%)
Japan$1.14M (14.6%)
Poland$946k (51.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY South Korea WERE (2021 - 2022):
Vietnam-$48.7M (-32.8%)
China-$17.3M (-24.5%)
Chinese Taipei-$12.4M (-28.4%)
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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 Mirrors and Lenses were:
China $4.27B
Japan $2.24B
Chinese Taipei $2.07B
In 2022, South Korea's main importing competitors in Mirrors and Lenses were:
China $2.31B
United States $1.65B
Hong Kong $1.57B

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Trade Value of Mirrors and Lenses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $28.3M
TOP IMPORT POTENTIALChina+ $40.4M

Mirrors and Lenses’s highest export potential is China. With an export gap of $28.3M.   Mirrors and Lenses’s highest import potential is China with an import gap of $40.4M.

See methodology.

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