2022
Exports
$1.03MWorld Rnk 51 / 174
Flag Rnk 981 / 1204
2022
PRODUCT COMPLEXITY IN Umbrellas
-0.043Rnk 560 / 1025
2022
Imports
$196MWorld Rnk 4 / 218
Flag Rnk 365 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.03M in Umbrellas, making it the 51st largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 981st most exported product in South Korea. The main destination of Umbrellas exports from South Korea are: China ($250k), Japan ($129k), United States ($104k), Vietnam ($62.7k), and Hong Kong ($58.6k).

The fastest growing export markets for Umbrellas of South Korea between 2021 and 2022 were China ($137k), Russia ($43.2k), and Germany ($40.4k).

Imports In 2022, South Korea imported $196M in Umbrellas, becoming the 4th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 365th most imported product in South Korea. South Korea imports Umbrellas primarily from: China ($185M), Vietnam ($5.35M), Cambodia ($2.08M), Burma ($1.54M), and France ($425k).

The fastest growing import markets in Umbrellas for South Korea between 2021 and 2022 were China ($51.4M), Cambodia ($988k), and France ($325k).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (68), Ford Motor Company (3), and ZF Friedrichshafen (2) were at the forefront of shipping Umbrellas from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$34k(82.9%)
IMPORT GROWTH (July 2023 - July 2024)$3.61M(20.8%)
MAIN DESTINATION (July 2024)United States$13k

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.03M
IMPORTS (2022)$196M
NET TRADE (2022)-$195M

In 2022, South Korea exported $1.03M in Umbrellas. The main destinations of South Korea exports on Umbrellas were China ($250k), Japan ($129k), United States ($104k), Vietnam ($62.7k), and Hong Kong ($58.6k).

In 2022, South Korea imported $196M in Umbrellas, mainly from China ($185M), Vietnam ($5.35M), Cambodia ($2.08M), Burma ($1.54M), and France ($425k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$137k (122%)
Russia$43.2k (782%)
Germany$40.4k (505%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY South Korea WERE (2021 - 2022):
Japan-$106k (-45.2%)
Indonesia-$98.3k (-84.2%)
Papua New Guinea-$81.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Umbrellas were:
In 2022, South Korea's main importing competitors in Umbrellas were:

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $155k
TOP IMPORT POTENTIALCambodia+ $932k

Umbrellas’s highest export potential is United States. With an export gap of $155k.   Umbrellas’s highest import potential is Cambodia with an import gap of $932k.

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