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2022
Exports $124MWorld Rnk 9 / 193
Flag Rnk 349 / 1204
2022
Destination $1.52M Japan
2021 - 2022
FASTEST GROWING MARKET $1.52MTurkey
2022
PRODUCT COMPLEXITY IN Aluminium Housewares-0.67Rnk 749 / 1025
2022
Imports $109MWorld Rnk 13 / 221
Flag Rnk 495 / 1213
2022
Origin $848k China
2021 - 2022
FASTEST GROWING ORIGIN $848kUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $124M in Aluminium Housewares, making it the 9th largest exporter of Aluminium Housewares in the world. At the same year, Aluminium Housewares was the 349th most exported product in South Korea. The main destination of Aluminium Housewares exports from South Korea are: Japan ($49M), Chinese Taipei ($12M), United States ($11M), China ($9.54M), and Saudi Arabia ($8.74M).

The fastest growing export markets for Aluminium Housewares of South Korea between 2021 and 2022 were Turkey ($1.52M), Kuwait ($249k), and Kazakhstan ($214k).

Imports In 2022, South Korea imported $109M in Aluminium Housewares, becoming the 13th largest importer of Aluminium Housewares in the world. At the same year, Aluminium Housewares was the 495th most imported product in South Korea. South Korea imports Aluminium Housewares primarily from: China ($55.4M), France ($26.3M), Vietnam ($9.99M), Germany ($5.72M), and Italy ($5.15M).

The fastest growing import markets in Aluminium Housewares for South Korea between 2021 and 2022 were United Kingdom ($848k), United Arab Emirates ($422k), and Thailand ($238k).

COMPANIES In 2023, leading companies such as ES Houseware (5) and At Home Procurement (1) were at the forefront of shipping Aluminium Housewares from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Aluminium Housewares exports accounted up to $6.6M and imports accounted up to $10.3M, resulting in a negative trade balance of $3.73M. Between July 2023 and July 2024 the exports of South Korea's   Aluminium Housewares have decreased by $-1.04M (-13.6%) from $7.64M to $6.6M, while imports increased by $1.14M (12.4%) from $9.19M to $10.3M.

Destinations In July 2024, Aluminium Housewares were exported mostly to Japan ($2.33M), Chinese Taipei ($663k), Hong Kong ($484k), United States ($482k), and China ($427k), and were imported mostly from China ($6.12M), France ($1.79M), Vietnam ($689k), Germany ($631k), and Italy ($631k).

Growth In July 2024, the decrease in Aluminium Housewares's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.61M or -59.5%), Saudi Arabia ($-595k or -47.8%), and Indonesia ($-361k or -87.2%). In July 2024, the increase in Aluminium Housewares's year-by-year imports was explained primarily by an increase in imports from China ($299k or 5.18%), Vietnam ($262k or 26.6%), and United Kingdom ($131k or 81.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.04M(-13.6%)
IMPORT GROWTH (July 2023 - July 2024)$1.14M(12.4%)
MAIN DESTINATION (July 2024)Japan$2.33M

This section shows Aluminium Housewares'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 Aluminium Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$124M
IMPORTS (2022)$109M
NET TRADE (2022)$14.6M

In 2022, South Korea exported $124M in Aluminium Housewares. The main destinations of South Korea exports on Aluminium Housewares were Japan ($49M), Chinese Taipei ($12M), United States ($11M), China ($9.54M), and Saudi Arabia ($8.74M).

In 2022, South Korea imported $109M in Aluminium Housewares, mainly from China ($55.4M), France ($26.3M), Vietnam ($9.99M), Germany ($5.72M), and Italy ($5.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Aluminium Housewares EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$1.52M (276%)
Kuwait$249k (28.4%)
Kazakhstan$214k (70.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Aluminium Housewares BY South Korea WERE (2021 - 2022):
Japan-$12.5M (-20.3%)
United States-$3.48M (-24.1%)
Chile-$3.21M (-79%)
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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 Aluminium Housewares were:
China $3.86B
Italy $462M
France $305M
In 2022, South Korea's main importing competitors in Aluminium Housewares were:
United States $1.67B
Germany $451M
Japan $440M

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Trade Value of Aluminium Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6M
TOP IMPORT POTENTIALChina+ $18.5M

Aluminium Housewares’s highest export potential is United States. With an export gap of $6M.   Aluminium Housewares’s highest import potential is China with an import gap of $18.5M.

See methodology.

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