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2022
Exports $22.2MWorld Rnk 45 / 202
Flag Rnk 630 / 1204
2022
Destination $4.58M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $4.58MHong Kong
2022
PRODUCT COMPLEXITY IN Perfumes-0.14Rnk 594 / 1025
2022
Imports $309MWorld Rnk 19 / 222
Flag Rnk 266 / 1213
2022
Origin $21.4M France
2021 - 2022
FASTEST GROWING ORIGIN $21.4MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.2M in Perfumes, making it the 45th largest exporter of Perfumes in the world. At the same year, Perfumes was the 630th most exported product in South Korea. The main destination of Perfumes exports from South Korea are: Hong Kong ($5.74M), Singapore ($3.35M), United States ($3.25M), China ($2.8M), and Chinese Taipei ($2.16M).

The fastest growing export markets for Perfumes of South Korea between 2021 and 2022 were Hong Kong ($4.58M), China ($2.09M), and Singapore ($1.83M).

Imports In 2022, South Korea imported $309M in Perfumes, becoming the 19th largest importer of Perfumes in the world. At the same year, Perfumes was the 266th most imported product in South Korea. South Korea imports Perfumes primarily from: France ($143M), Italy ($29.9M), United States ($27.9M), Germany ($25.1M), and Singapore ($22.3M).

The fastest growing import markets in Perfumes for South Korea between 2021 and 2022 were Germany ($21.4M), France ($15.3M), and Spain ($12.6M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Perfumes exports accounted up to $3.13M and imports accounted up to $28.3M, resulting in a negative trade balance of $25.1M. Between July 2023 and July 2024 the exports of South Korea's   Perfumes have increased by $490k (18.6%) from $2.64M to $3.13M, while imports increased by $8.48M (42.9%) from $19.8M to $28.3M.

Destinations In July 2024, Perfumes were exported mostly to Singapore ($1.31M), United States ($606k), China ($324k), Japan ($254k), and Vietnam ($173k), and were imported mostly from France ($14.7M), United States ($3.21M), Italy ($2.89M), United Kingdom ($2.53M), and Hong Kong ($1.46M).

Growth In July 2024, the increase in Perfumes's year-by-year exports was explained primarily by an increase in exports to Singapore ($68k or 106%), China ($52k or 106%), and Mongolia ($46k or 4.6k%). In July 2024, the increase in Perfumes's year-by-year imports was explained primarily by an increase in imports from France ($764k or 6.15%), Italy ($756k or 69.7%), and Australia ($201k or 47.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$490k(18.6%)
IMPORT GROWTH (July 2023 - July 2024)$8.48M(42.9%)
MAIN DESTINATION (July 2024)Singapore$1.31M

This section shows Perfumes'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 Perfumes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.2M
IMPORTS (2022)$309M
NET TRADE (2022)-$287M

In 2022, South Korea exported $22.2M in Perfumes. The main destinations of South Korea exports on Perfumes were Hong Kong ($5.74M), Singapore ($3.35M), United States ($3.25M), China ($2.8M), and Chinese Taipei ($2.16M).

In 2022, South Korea imported $309M in Perfumes, mainly from France ($143M), Italy ($29.9M), United States ($27.9M), Germany ($25.1M), and Singapore ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfumes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$4.58M (395%)
China$2.09M (293%)
Singapore$1.83M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfumes BY South Korea WERE (2021 - 2022):
Macau-$687k (-98%)
Czechia-$304k (-99.2%)
United Kingdom-$161k (-67.7%)
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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 Perfumes were:
France $7.24B
Spain $2.58B
Germany $1.67B
In 2022, South Korea's main importing competitors in Perfumes were:
United States $2.82B
Germany $1.68B
United Kingdom $1.23B

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Trade Value of Perfumes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.72M
TOP IMPORT POTENTIALSpain+ $5.83M

Perfumes’s highest export potential is United States. With an export gap of $2.72M.   Perfumes’s highest import potential is Spain with an import gap of $5.83M.

See methodology.

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