2023
Exports
$3.09BWorld Rnk 5 / 222
Flag Rnk 19 / 96
2023
PRODUCT COMPLEXITY IN Glass & glassware
1.23Rnk 99 / 1025
2023
Imports
$2.36BWorld Rnk 9 / 226
Flag Rnk 30 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.09B in Glass & glassware, making it the 5th largest exporter of Glass & glassware in the world. At the same year, Glass & glassware was the 19th most exported product in South Korea. The main destination of Glass & glassware exports from South Korea are: China ($2.15B), Hong Kong ($229M), United States ($189M), Japan ($140M), and Chinese Taipei ($115M).

The fastest growing export markets for Glass & glassware of South Korea between 2022 and 2023 were China ($1.13B), Kazakhstan ($5.61M), and Singapore ($4.04M).

Imports In 2023, South Korea imported $2.36B in Glass & glassware, becoming the 9th largest importer of Glass & glassware in the world. At the same year, Glass & glassware was the 30th most imported product in South Korea. South Korea imports Glass & glassware primarily from: China ($1.07B), Japan ($472M), United States ($192M), Malaysia ($185M), and Singapore ($120M).

The fastest growing import markets in Glass & glassware for South Korea between 2022 and 2023 were Hong Kong ($7.83M), Netherlands ($3.8M), and Singapore ($2.98M).

COMPANIES In 2024, leading companies such as LG Electronics (369), Samsung (133), and Jushi Fiberglass (40) were at the forefront of shipping Glass & glassware from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$23.9M(15.8%)
IMPORT GROWTH (December 2023 - December 2024)$14.9M(7.25%)
MAIN DESTINATION (December 2024)China$101M

This section shows Glass & glassware'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 Glass & glassware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.09B
IMPORTS (2023)$2.36B
NET TRADE (2023)$721M

In 2023, South Korea exported $3.09B in Glass & glassware. The main destinations of South Korea exports on Glass & glassware were China ($2.15B), Hong Kong ($229M), United States ($189M), Japan ($140M), and Chinese Taipei ($115M).

In 2023, South Korea imported $2.36B in Glass & glassware, mainly from China ($1.07B), Japan ($472M), United States ($192M), Malaysia ($185M), and Singapore ($120M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Glass & glassware EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$1.13B (111%)
Kazakhstan$5.61M (750%)
Singapore$4.04M (33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glass & glassware BY South Korea WERE (2022 - 2023):
Vietnam-$97.2M (-100%)
Chinese Taipei-$58.2M (-33.7%)
Japan-$16.2M (-10.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Glass & glassware were:
In 2023, South Korea's main importing competitors in Glass & glassware were:

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Trade Value of Glass & glassware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14.5M
TOP IMPORT POTENTIALChina+ $102M

Glass & glassware’s highest export potential is Germany. With an export gap of $14.5M.   Glass & glassware’s highest import potential is China with an import gap of $102M.

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