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2023
Exports $349MWorld Rnk 9 / 173
Flag Rnk 181 / 1188
2023
Destination $968k China
2022 - 2023
FASTEST GROWING MARKET $968kSweden
2023
PRODUCT COMPLEXITY IN Mirrors and Lenses1.54Rnk 37 / 1025
2023
Imports $974MWorld Rnk 6 / 217
Flag Rnk 91 / 1208
2023
Origin $90M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $90MNetherlands
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $349M 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 181st most exported product in South Korea. The main destination of Mirrors and Lenses exports from South Korea are: China ($224M), Netherlands ($27.1M), Chinese Taipei ($22.5M), United States ($19.8M), and Germany ($11.5M).

The fastest growing export markets for Mirrors and Lenses of South Korea between 2022 and 2023 were Sweden ($968k), Chinese Taipei ($768k), and Poland ($594k).

Imports In 2023, South Korea imported $974M 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 91st most imported product in South Korea. South Korea imports Mirrors and Lenses primarily from: Chinese Taipei ($365M), China ($304M), Netherlands ($104M), Japan ($90.3M), and United States ($29.5M).

The fastest growing import markets in Mirrors and Lenses for South Korea between 2022 and 2023 were Netherlands ($90M), Chinese Taipei ($66.8M), and Japan ($10.2M).

COMPANIES In 2024, leading companies such as LG Electronics (3) and CNH Industrial (1) were at the forefront of shipping Mirrors and Lenses from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Mirrors and Lenses exports accounted up to $23.6M and imports accounted up to $149M, resulting in a negative trade balance of $125M. Between December 2023 and December 2024 the exports of South Korea's   Mirrors and Lenses have decreased by $-1.96M (-7.67%) from $25.6M to $23.6M, while imports increased by $46M (44.6%) from $103M to $149M.

Destinations In December 2024, Mirrors and Lenses were exported mostly to China ($5.06M), Vietnam ($4.76M), Netherlands ($4.71M), United States ($2.35M), and Japan ($2.05M), and were imported mostly from Netherlands ($41.3M), Chinese Taipei ($29.4M), China ($26.9M), Germany ($15.2M), and Thailand ($12.6M).

Growth In December 2024, the decrease in Mirrors and Lenses's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.28M or -50.9%), Hong Kong ($-326k or -29.8%), and Germany ($-262k or -39.8%). In December 2024, the increase in Mirrors and Lenses's year-by-year imports was explained primarily by an increase in imports from United States ($1.8M or 65.3%), Singapore ($547k or 15.2%), and France ($393k or 3.28k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.96M(-7.67%)
IMPORT GROWTH (December 2023 - December 2024)$46M(44.6%)
MAIN DESTINATION (December 2024)China$5.06M

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 (2023)$349M
IMPORTS (2023)$974M
NET TRADE (2023)-$625M

In 2023, South Korea exported $349M in Mirrors and Lenses. The main destinations of South Korea exports on Mirrors and Lenses were China ($224M), Netherlands ($27.1M), Chinese Taipei ($22.5M), United States ($19.8M), and Germany ($11.5M).

In 2023, South Korea imported $974M in Mirrors and Lenses, mainly from Chinese Taipei ($365M), China ($304M), Netherlands ($104M), Japan ($90.3M), and United States ($29.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mirrors and Lenses EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Sweden$968k (52.1%)
Chinese Taipei$768k (3.54%)
Poland$594k (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mirrors and Lenses BY South Korea WERE (2022 - 2023):
Vietnam-$111M (-100%)
China-$23.4M (-9.47%)
United States-$21.1M (-51.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Mirrors and Lenses were:
China $3.32B
Japan $2.55B
Chinese Taipei $2.55B
In 2023, South Korea's main importing competitors in Mirrors and Lenses were:
China $2.44B
United States $1.58B
Netherlands $1.53B

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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.

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