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2022
Exports $89MWorld Rnk 13 / 176
Flag Rnk 393 / 1204
2022
Destination $2.04M Japan
2021 - 2022
FASTEST GROWING MARKET $2.04MVietnam
2022
PRODUCT COMPLEXITY IN Eyewear Frames0.72Rnk 267 / 1025
2022
Imports $74.5MWorld Rnk 22 / 212
Flag Rnk 575 / 1213
2022
Origin $4.39M China
2021 - 2022
FASTEST GROWING ORIGIN $4.39MDenmark
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $89M in Eyewear Frames, making it the 13th largest exporter of Eyewear Frames in the world. At the same year, Eyewear Frames was the 393rd most exported product in South Korea. The main destination of Eyewear Frames exports from South Korea are: Japan ($26.9M), United States ($12.4M), China ($5.43M), Germany ($4.99M), and Vietnam ($4.58M).

The fastest growing export markets for Eyewear Frames of South Korea between 2021 and 2022 were Vietnam ($2.04M), Malaysia ($1.27M), and Indonesia ($567k).

Imports In 2022, South Korea imported $74.5M in Eyewear Frames, becoming the 22nd largest importer of Eyewear Frames in the world. At the same year, Eyewear Frames was the 575th most imported product in South Korea. South Korea imports Eyewear Frames primarily from: China ($33M), Japan ($14.6M), Denmark ($11.2M), Italy ($5.09M), and Germany ($3.54M).

The fastest growing import markets in Eyewear Frames for South Korea between 2021 and 2022 were Denmark ($4.39M), Japan ($2.05M), and Italy ($1.75M).

COMPANIES In 2023, leading companies such as Amazon (1) and General Motors (1) were at the forefront of shipping Eyewear Frames from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Eyewear Frames exports accounted up to $6.54M and imports accounted up to $8.28M, resulting in a negative trade balance of $1.73M. Between October 2023 and October 2024 the exports of South Korea's   Eyewear Frames have increased by $267k (4.25%) from $6.28M to $6.54M, while imports increased by $723k (9.57%) from $7.55M to $8.28M.

Destinations In October 2024, Eyewear Frames were exported mostly to Japan ($2.19M), United States ($1.11M), China ($383k), Germany ($353k), and Chinese Taipei ($272k), and were imported mostly from China ($3.94M), Japan ($2.5M), Denmark ($543k), Italy ($461k), and Germany ($252k).

Growth In October 2024, the increase in Eyewear Frames's year-by-year exports was explained primarily by an increase in exports to China ($563k or 238%), Japan ($262k or 18.4%), and Philippines ($221k or 2.46k%). In October 2024, the increase in Eyewear Frames's year-by-year imports was explained primarily by an increase in imports from Germany ($691k or 1.44k%), Denmark ($178k or 28.6%), and Italy ($168k or 21.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$267k(4.25%)
IMPORT GROWTH (October 2023 - October 2024)$723k(9.57%)
MAIN DESTINATION (October 2024)Japan$2.19M

This section shows Eyewear Frames'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 Eyewear Frames over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$89M
IMPORTS (2022)$74.5M
NET TRADE (2022)$14.6M

In 2022, South Korea exported $89M in Eyewear Frames. The main destinations of South Korea exports on Eyewear Frames were Japan ($26.9M), United States ($12.4M), China ($5.43M), Germany ($4.99M), and Vietnam ($4.58M).

In 2022, South Korea imported $74.5M in Eyewear Frames, mainly from China ($33M), Japan ($14.6M), Denmark ($11.2M), Italy ($5.09M), and Germany ($3.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Eyewear Frames EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$2.04M (80.3%)
Malaysia$1.27M (102%)
Indonesia$567k (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear Frames BY South Korea WERE (2021 - 2022):
China-$2.64M (-32.7%)
United States-$1.41M (-10.2%)
Germany-$1.1M (-18%)
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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 Eyewear Frames were:
China $3.06B
Italy $1.51B
Japan $223M
In 2022, South Korea's main importing competitors in Eyewear Frames were:
United States $1.16B
Italy $619M
Hong Kong $527M

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Trade Value of Eyewear Frames by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.92M
TOP IMPORT POTENTIALChina+ $16.2M

Eyewear Frames’s highest export potential is United States. With an export gap of $4.92M.   Eyewear Frames’s highest import potential is China with an import gap of $16.2M.

See methodology.

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