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2022
Exports $1.9MWorld Rnk 45 / 161
Flag Rnk 927 / 1204
2022
Destination $204k United States
2021 - 2022
FASTEST GROWING MARKET $204kUnited States
2022
PRODUCT COMPLEXITY IN Hair Trimmers0.79Rnk 249 / 1025
2022
Imports $103MWorld Rnk 13 / 209
Flag Rnk 507 / 1213
2022
Origin $5.09M China
2021 - 2022
FASTEST GROWING ORIGIN $5.09MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.9M in Hair Trimmers, making it the 45th largest exporter of Hair Trimmers in the world. At the same year, Hair Trimmers was the 927th most exported product in South Korea. The main destination of Hair Trimmers exports from South Korea are: United States ($778k), China ($279k), Netherlands ($227k), Hong Kong ($107k), and Oman ($60.5k).

The fastest growing export markets for Hair Trimmers of South Korea between 2021 and 2022 were United States ($204k), Oman ($60.1k), and United Arab Emirates ($52k).

Imports In 2022, South Korea imported $103M in Hair Trimmers, becoming the 13th largest importer of Hair Trimmers in the world. At the same year, Hair Trimmers was the 507th most imported product in South Korea. South Korea imports Hair Trimmers primarily from: China ($31.4M), Germany ($23.6M), Poland ($22.3M), Netherlands ($11.7M), and Indonesia ($4.25M).

The fastest growing import markets in Hair Trimmers for South Korea between 2021 and 2022 were Germany ($5.09M), Vietnam ($1.04M), and Indonesia ($810k).

COMPANIES In 2023, leading companies such as Hankook Tires (4) were at the forefront of shipping Hair Trimmers from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Hair Trimmers exports accounted up to $133k and imports accounted up to $11M, resulting in a negative trade balance of $10.9M. Between August 2023 and August 2024 the exports of South Korea's   Hair Trimmers have increased by $25k (23.1%) from $108k to $133k, while imports increased by $3.94M (55.6%) from $7.09M to $11M.

Destinations In August 2024, Hair Trimmers were exported mostly to Hong Kong ($99k), United States ($10k), China ($8k), Germany ($8k), and Japan ($4k), and were imported mostly from China ($4.57M), Germany ($3.4M), Netherlands ($1.85M), Japan ($469k), and Indonesia ($291k).

Growth In August 2024, the increase in Hair Trimmers's year-by-year exports was explained primarily by an increase in exports to Netherlands ($35k or 583%), Japan ($6k or 300%), and Poland ($4k or 400%). In August 2024, the increase in Hair Trimmers's year-by-year imports was explained primarily by an increase in imports from Germany ($2.76M or 182%), Netherlands ($953k or 141%), and Japan ($397k or 211%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$25k(23.1%)
IMPORT GROWTH (August 2023 - August 2024)$3.94M(55.6%)
MAIN DESTINATION (August 2024)Hong Kong$99k

This section shows Hair Trimmers'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 Hair Trimmers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.9M
IMPORTS (2022)$103M
NET TRADE (2022)-$101M

In 2022, South Korea exported $1.9M in Hair Trimmers. The main destinations of South Korea exports on Hair Trimmers were United States ($778k), China ($279k), Netherlands ($227k), Hong Kong ($107k), and Oman ($60.5k).

In 2022, South Korea imported $103M in Hair Trimmers, mainly from China ($31.4M), Germany ($23.6M), Poland ($22.3M), Netherlands ($11.7M), and Indonesia ($4.25M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hair Trimmers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$204k (35.5%)
Oman$60.1k (15.1k%)
United Arab Emirates$52k (782%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hair Trimmers BY South Korea WERE (2021 - 2022):
China-$1.91M (-87.2%)
Slovakia-$175k (-84.2%)
Italy-$51.1k (-96.1%)
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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 Hair Trimmers were:
China $1.79B
Germany $667M
Netherlands $615M
In 2022, South Korea's main importing competitors in Hair Trimmers were:
United States $666M
Germany $643M
Poland $286M

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Trade Value of Hair Trimmers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $527k
TOP IMPORT POTENTIALChina+ $13.2M

Hair Trimmers’s highest export potential is United States. With an export gap of $527k.   Hair Trimmers’s highest import potential is China with an import gap of $13.2M.

See methodology.

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