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2023
Exports $285MWorld Rnk 24 / 225
Flag Rnk 205 / 1188
2023
Destination $9.84M China
2022 - 2023
FASTEST GROWING MARKET $9.84MChina
2023
PRODUCT COMPLEXITY IN Trunks and Cases-0.74Rnk 769 / 1025
2023
Imports $3.52BWorld Rnk 8 / 224
Flag Rnk 20 / 1208
2023
Origin $605M China
2022 - 2023
FASTEST GROWING ORIGIN $605MHong Kong
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $285M in Trunks and Cases, making it the 24th largest exporter of Trunks and Cases in the world. At the same year, Trunks and Cases was the 205th most exported product in South Korea. The main destination of Trunks and Cases exports from South Korea are: China ($73.3M), Hong Kong ($45.1M), United States ($29.5M), Germany ($28.2M), and Italy ($14.5M).

The fastest growing export markets for Trunks and Cases of South Korea between 2022 and 2023 were China ($9.84M), Canada ($5.98M), and Italy ($4.12M).

Imports In 2023, South Korea imported $3.52B in Trunks and Cases, becoming the 8th largest importer of Trunks and Cases in the world. At the same year, Trunks and Cases was the 20th most imported product in South Korea. South Korea imports Trunks and Cases primarily from: China ($1.29B), Italy ($948M), Hong Kong ($608M), France ($446M), and Germany ($38.8M).

The fastest growing import markets in Trunks and Cases for South Korea between 2022 and 2023 were Hong Kong ($605M), China ($398M), and Germany ($22.6M).

COMPANIES In 2024, leading companies such as Callaway Golf (5), QVC Inc (4), and CJ Foods (2) were at the forefront of shipping Trunks and Cases from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Trunks and Cases exports accounted up to $30.7M and imports accounted up to $299M, resulting in a negative trade balance of $268M. Between December 2023 and December 2024 the exports of South Korea's   Trunks and Cases have increased by $3.07M (11.1%) from $27.6M to $30.7M, while imports increased by $2.44M (0.82%) from $297M to $299M.

Destinations In December 2024, Trunks and Cases were exported mostly to China ($9.19M), Hong Kong ($5.44M), United States ($2.65M), Japan ($2.61M), and France ($2.31M), and were imported mostly from China ($102M), Italy ($94.8M), France ($58M), Vietnam ($13.1M), and Spain ($7.65M).

Growth In December 2024, the increase in Trunks and Cases's year-by-year exports was explained primarily by an increase in exports to China ($6.42M or 249%), Germany ($2.16M or 218%), and Japan ($1.19M or 63.7%). In December 2024, the increase in Trunks and Cases's year-by-year imports was explained primarily by an increase in imports from China ($24.3M or 26.7%), Indonesia ($1.63M or 86.1%), and Thailand ($1.6M or 138%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$3.07M(11.1%)
IMPORT GROWTH (December 2023 - December 2024)$2.44M(0.82%)
MAIN DESTINATION (December 2024)China$9.19M

This section shows Trunks and Cases'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 Trunks and Cases over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$285M
IMPORTS (2023)$3.52B
NET TRADE (2023)-$3.24B

In 2023, South Korea exported $285M in Trunks and Cases. The main destinations of South Korea exports on Trunks and Cases were China ($73.3M), Hong Kong ($45.1M), United States ($29.5M), Germany ($28.2M), and Italy ($14.5M).

In 2023, South Korea imported $3.52B in Trunks and Cases, mainly from China ($1.29B), Italy ($948M), Hong Kong ($608M), France ($446M), and Germany ($38.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Trunks and Cases EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$9.84M (15.5%)
Canada$5.98M (255%)
Italy$4.12M (39.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Trunks and Cases BY South Korea WERE (2022 - 2023):
Hong Kong-$48.2M (-51.6%)
United States-$19.5M (-39.7%)
Netherlands-$6.75M (-54.7%)
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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 Trunks and Cases were:
China $29.6B
Italy $12.3B
France $12.2B
In 2023, South Korea's main importing competitors in Trunks and Cases were:
United States $11.7B
Japan $5.46B
France $4.68B

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Trade Value of Trunks and Cases by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $32.5M
TOP IMPORT POTENTIALChina+ $308M

Trunks and Cases’s highest export potential is China. With an export gap of $32.5M.   Trunks and Cases’s highest import potential is China with an import gap of $308M.

See methodology.

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