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2022
Exports $70.2MWorld Rnk 15 / 204
Flag Rnk 428 / 1204
2022
Destination $2.18M China
2021 - 2022
FASTEST GROWING MARKET $2.18MSingapore
2022
PRODUCT COMPLEXITY IN Eyewear0.83Rnk 232 / 1025
2022
Imports $121MWorld Rnk 23 / 221
Flag Rnk 468 / 1213
2022
Origin $9M China
2021 - 2022
FASTEST GROWING ORIGIN $9MItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $70.2M in Eyewear, making it the 15th largest exporter of Eyewear in the world. At the same year, Eyewear was the 428th most exported product in South Korea. The main destination of Eyewear exports from South Korea are: China ($34.9M), United States ($11.2M), Hong Kong ($4.34M), France ($2.66M), and Singapore ($2.44M).

The fastest growing export markets for Eyewear of South Korea between 2021 and 2022 were Singapore ($2.18M), United States ($1.55M), and Australia ($709k).

Imports In 2022, South Korea imported $121M in Eyewear, becoming the 23rd largest importer of Eyewear in the world. At the same year, Eyewear was the 468th most imported product in South Korea. South Korea imports Eyewear primarily from: China ($64.6M), Italy ($30.8M), Japan ($7.03M), United States ($4.44M), and Chinese Taipei ($4.18M).

The fastest growing import markets in Eyewear for South Korea between 2021 and 2022 were Italy ($9M), Japan ($4.67M), and China ($4.65M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Eyewear from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Eyewear exports accounted up to $8.4M and imports accounted up to $13.3M, resulting in a negative trade balance of $4.95M. Between October 2023 and October 2024 the exports of South Korea's   Eyewear have increased by $4.87M (138%) from $3.53M to $8.4M, while imports increased by $2.11M (18.7%) from $11.2M to $13.3M.

Destinations In October 2024, Eyewear were exported mostly to Japan ($1.83M), United States ($1.17M), China ($1.04M), Hong Kong ($743k), and Singapore ($595k), and were imported mostly from China ($6.29M), Italy ($3.94M), United States ($1.46M), Japan ($689k), and Chinese Taipei ($335k).

Growth In October 2024, the increase in Eyewear's year-by-year exports was explained primarily by an increase in exports to United States ($547k or 72%), United Arab Emirates ($409k or 465%), and Japan ($224k or 204%). In October 2024, the increase in Eyewear's year-by-year imports was explained primarily by an increase in imports from United States ($159k or 18.6%), France ($85k or 654%), and Germany ($54k or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$4.87M(138%)
IMPORT GROWTH (October 2023 - October 2024)$2.11M(18.7%)
MAIN DESTINATION (October 2024)Japan$1.83M

This section shows Eyewear'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$70.2M
IMPORTS (2022)$121M
NET TRADE (2022)-$50.4M

In 2022, South Korea exported $70.2M in Eyewear. The main destinations of South Korea exports on Eyewear were China ($34.9M), United States ($11.2M), Hong Kong ($4.34M), France ($2.66M), and Singapore ($2.44M).

In 2022, South Korea imported $121M in Eyewear, mainly from China ($64.6M), Italy ($30.8M), Japan ($7.03M), United States ($4.44M), and Chinese Taipei ($4.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Eyewear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$2.18M (856%)
United States$1.55M (15.9%)
Australia$709k (70.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Eyewear BY South Korea WERE (2021 - 2022):
China-$12.4M (-26.2%)
Hong Kong-$2.96M (-40.6%)
United Kingdom-$372k (-37.1%)
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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 were:
China $4.53B
Italy $3.48B
Chinese Taipei $521M
In 2022, South Korea's main importing competitors in Eyewear were:
United States $3.04B
Germany $668M
France $666M

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Trade Value of Eyewear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.98M
TOP IMPORT POTENTIALChina+ $21.9M

Eyewear’s highest export potential is United States. With an export gap of $5.98M.   Eyewear’s highest import potential is China with an import gap of $21.9M.

See methodology.

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