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2022
Exports $294kWorld Rnk 59 / 164
Flag Rnk 1069 / 1204
2022
Destination $50k China
2021 - 2022
FASTEST GROWING MARKET $50kChina
2022
PRODUCT COMPLEXITY IN Artificial Vegetation-0.24Rnk 627 / 1025
2022
Imports $90.4MWorld Rnk 15 / 218
Flag Rnk 532 / 1213
2022
Origin $14.6M China
2021 - 2022
FASTEST GROWING ORIGIN $14.6MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $294k in Artificial Vegetation, making it the 59th largest exporter of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 1069th most exported product in South Korea. The main destination of Artificial Vegetation exports from South Korea are: China ($71.8k), Japan ($34.4k), Kuwait ($29k), United States ($27.7k), and New Zealand ($25.2k).

The fastest growing export markets for Artificial Vegetation of South Korea between 2021 and 2022 were China ($50k), Kuwait ($29k), and New Zealand ($24.2k).

Imports In 2022, South Korea imported $90.4M in Artificial Vegetation, becoming the 15th largest importer of Artificial Vegetation in the world. At the same year, Artificial Vegetation was the 532nd most imported product in South Korea. South Korea imports Artificial Vegetation primarily from: China ($89.5M), Vietnam ($288k), United States ($226k), Italy ($91.1k), and Sri Lanka ($84.8k).

The fastest growing import markets in Artificial Vegetation for South Korea between 2021 and 2022 were China ($14.6M), United States ($137k), and Vietnam ($83.9k).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (2) and LG Electronics (2) were at the forefront of shipping Artificial Vegetation from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Artificial Vegetation exports accounted up to $24k and imports accounted up to $2.44M, resulting in a negative trade balance of $2.41M. Between July 2023 and July 2024 the exports of South Korea's   Artificial Vegetation have increased by $20k (500%) from $4k to $24k, while imports increased by $123k (5.32%) from $2.31M to $2.44M.

Destinations In July 2024, Artificial Vegetation were exported mostly to Australia ($15k), Italy ($6k), Singapore ($1k), United States ($1k), and Fiji ($1k), and were imported mostly from China ($2.3M), Vietnam ($66k), France ($35k), Germany ($20k), and Thailand ($6k).

Growth In July 2024, the increase in Artificial Vegetation's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Artificial Vegetation's year-by-year imports was explained primarily by an increase in imports from Vietnam ($12k or 60%), Japan ($8k or 100%), and United States ($5k or 50%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$20k(500%)
IMPORT GROWTH (July 2023 - July 2024)$123k(5.32%)
MAIN DESTINATION (July 2024)Australia$15k

This section shows Artificial Vegetation'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 Artificial Vegetation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$294k
IMPORTS (2022)$90.4M
NET TRADE (2022)-$90.1M

In 2022, South Korea exported $294k in Artificial Vegetation. The main destinations of South Korea exports on Artificial Vegetation were China ($71.8k), Japan ($34.4k), Kuwait ($29k), United States ($27.7k), and New Zealand ($25.2k).

In 2022, South Korea imported $90.4M in Artificial Vegetation, mainly from China ($89.5M), Vietnam ($288k), United States ($226k), Italy ($91.1k), and Sri Lanka ($84.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Vegetation EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$50k (229%)
Kuwait$29k (1%)
New Zealand$24.2k (2.32k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Vegetation BY South Korea WERE (2021 - 2022):
Japan-$23.7k (-40.8%)
Singapore-$19.3k (-97.6%)
Hong Kong-$12.5k (-98.4%)
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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 Artificial Vegetation were:
China $5.46B
Netherlands $112M
Germany $85.9M
In 2022, South Korea's main importing competitors in Artificial Vegetation were:
United States $2.32B
Germany $263M
United Kingdom $255M

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Trade Value of Artificial Vegetation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $67.5k
TOP IMPORT POTENTIALChina+ $13.2M

Artificial Vegetation’s highest export potential is United States. With an export gap of $67.5k.   Artificial Vegetation’s highest import potential is China with an import gap of $13.2M.

See methodology.

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