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2022
Exports $10.6MWorld Rnk 31 / 198
Flag Rnk 721 / 1204
2022
Destination $892k Denmark
2021 - 2022
FASTEST GROWING MARKET $892kDenmark
2022
PRODUCT COMPLEXITY IN Porcelain Tableware-0.54Rnk 709 / 1025
2022
Imports $157MWorld Rnk 16 / 222
Flag Rnk 412 / 1213
2022
Origin $2.18M China
2021 - 2022
FASTEST GROWING ORIGIN $2.18MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $10.6M in Porcelain Tableware, making it the 31st largest exporter of Porcelain Tableware in the world. At the same year, Porcelain Tableware was the 721st most exported product in South Korea. The main destination of Porcelain Tableware exports from South Korea are: Denmark ($3.36M), United States ($1.47M), Italy ($897k), China ($800k), and Azerbaijan ($480k).

The fastest growing export markets for Porcelain Tableware of South Korea between 2021 and 2022 were Denmark ($892k), Azerbaijan ($387k), and United States ($316k).

Imports In 2022, South Korea imported $157M in Porcelain Tableware, becoming the 16th largest importer of Porcelain Tableware in the world. At the same year, Porcelain Tableware was the 412th most imported product in South Korea. South Korea imports Porcelain Tableware primarily from: China ($98.1M), Germany ($20.9M), Indonesia ($10.4M), Japan ($6.16M), and France ($5.42M).

The fastest growing import markets in Porcelain Tableware for South Korea between 2021 and 2022 were France ($2.18M), Indonesia ($1.75M), and Thailand ($1.11M).

COMPANIES In 2023, leading companies such as Samsung (5), Costco Wholesale (2), and TPV Tech (2) were at the forefront of shipping Porcelain Tableware from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Porcelain Tableware exports accounted up to $646k and imports accounted up to $8.12M, resulting in a negative trade balance of $7.47M. Between July 2023 and July 2024 the exports of South Korea's   Porcelain Tableware have increased by $130k (25.2%) from $516k to $646k, while imports decreased by $-2.09M (-20.5%) from $10.2M to $8.12M.

Destinations In July 2024, Porcelain Tableware were exported mostly to Canada ($344k), United States ($88k), Italy ($81k), Japan ($33k), and Philippines ($18k), and were imported mostly from China ($4.7M), Japan ($775k), Indonesia ($754k), Germany ($720k), and Thailand ($332k).

Growth In July 2024, the increase in Porcelain Tableware's year-by-year exports was explained primarily by an increase in exports to China ($100k or 909%), Philippines ($11k or 550%), and Chinese Taipei ($4k or 400%). In July 2024, the decrease in Porcelain Tableware's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-1.43M or -95.6%), China ($-694k or -9.56%), and Thailand ($-107k or -31.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$130k(25.2%)
IMPORT GROWTH (July 2023 - July 2024)$-2.09M(-20.5%)
MAIN DESTINATION (July 2024)Canada$344k

This section shows Porcelain Tableware'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 Porcelain Tableware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6M
IMPORTS (2022)$157M
NET TRADE (2022)-$147M

In 2022, South Korea exported $10.6M in Porcelain Tableware. The main destinations of South Korea exports on Porcelain Tableware were Denmark ($3.36M), United States ($1.47M), Italy ($897k), China ($800k), and Azerbaijan ($480k).

In 2022, South Korea imported $157M in Porcelain Tableware, mainly from China ($98.1M), Germany ($20.9M), Indonesia ($10.4M), Japan ($6.16M), and France ($5.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Porcelain Tableware EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Denmark$892k (36.1%)
Azerbaijan$387k (417%)
United States$316k (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Porcelain Tableware BY South Korea WERE (2021 - 2022):
Philippines-$710k (-90.3%)
United Kingdom-$691k (-69.4%)
Thailand-$639k (-74.1%)
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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 Porcelain Tableware were:
China $5.34B
Germany $359M
France $167M
In 2022, South Korea's main importing competitors in Porcelain Tableware were:
United States $449M
Germany $407M
United Kingdom $255M

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Trade Value of Porcelain Tableware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $871k
TOP IMPORT POTENTIALChina+ $20.2M

Porcelain Tableware’s highest export potential is United States. With an export gap of $871k.   Porcelain Tableware’s highest import potential is China with an import gap of $20.2M.

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