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Pricing

2022
Exports $36.7MWorld Rnk 29 / 211
Flag Rnk 540 / 1204
2022
Destination $1.67M United States
2021 - 2022
FASTEST GROWING MARKET $1.67MNetherlands
2022
PRODUCT COMPLEXITY IN Interior Decorative Glassware0.28Rnk 458 / 1025
2022
Imports $166MWorld Rnk 18 / 222
Flag Rnk 404 / 1213
2022
Origin $3.6M China
2021 - 2022
FASTEST GROWING ORIGIN $3.6MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $36.7M in Interior Decorative Glassware, making it the 29th largest exporter of Interior Decorative Glassware in the world. At the same year, Interior Decorative Glassware was the 540th most exported product in South Korea. The main destination of Interior Decorative Glassware exports from South Korea are: United States ($14.9M), Germany ($4.09M), Mexico ($2.23M), China ($2.16M), and Netherlands ($1.72M).

The fastest growing export markets for Interior Decorative Glassware of South Korea between 2021 and 2022 were Netherlands ($1.67M), Switzerland ($502k), and United States ($286k).

Imports In 2022, South Korea imported $166M in Interior Decorative Glassware, becoming the 18th largest importer of Interior Decorative Glassware in the world. At the same year, Interior Decorative Glassware was the 404th most imported product in South Korea. South Korea imports Interior Decorative Glassware primarily from: China ($109M), United States ($11.4M), Malaysia ($8.12M), Germany ($7.85M), and France ($3.98M).

The fastest growing import markets in Interior Decorative Glassware for South Korea between 2021 and 2022 were China ($3.6M), United States ($944k), and Germany ($735k).

COMPANIES In 2023, leading companies such as LG Electronics (452), Nexen Tire (26), and Tesla (2) were at the forefront of shipping Interior Decorative Glassware from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Interior Decorative Glassware exports accounted up to $4.76M and imports accounted up to $13.2M, resulting in a negative trade balance of $8.45M. Between October 2023 and October 2024 the exports of South Korea's   Interior Decorative Glassware have increased by $833k (21.2%) from $3.93M to $4.76M, while imports increased by $3.07M (30.3%) from $10.1M to $13.2M.

Destinations In October 2024, Interior Decorative Glassware were exported mostly to United States ($2.88M), China ($526k), Germany ($449k), Mexico ($234k), and United Kingdom ($121k), and were imported mostly from China ($8.32M), Germany ($1.02M), United States ($1.01M), France ($845k), and Japan ($500k).

Growth In October 2024, the increase in Interior Decorative Glassware's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($248k or 4.13k%), Hong Kong ($153k or 450%), and Singapore ($68k or 3.4k%). In October 2024, the increase in Interior Decorative Glassware's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($115k or 3.83k%), Italy ($103k or 32.6%), and Serbia ($100k or 345%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$833k(21.2%)
IMPORT GROWTH (October 2023 - October 2024)$3.07M(30.3%)
MAIN DESTINATION (October 2024)United States$2.88M

This section shows Interior Decorative 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 Interior Decorative Glassware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$36.7M
IMPORTS (2022)$166M
NET TRADE (2022)-$130M

In 2022, South Korea exported $36.7M in Interior Decorative Glassware. The main destinations of South Korea exports on Interior Decorative Glassware were United States ($14.9M), Germany ($4.09M), Mexico ($2.23M), China ($2.16M), and Netherlands ($1.72M).

In 2022, South Korea imported $166M in Interior Decorative Glassware, mainly from China ($109M), United States ($11.4M), Malaysia ($8.12M), Germany ($7.85M), and France ($3.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interior Decorative Glassware EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$1.67M (3.87k%)
Switzerland$502k (43.5%)
United States$286k (1.96%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interior Decorative Glassware BY South Korea WERE (2021 - 2022):
Canada-$2.43M (-67.6%)
Japan-$1.81M (-81.9%)
Germany-$1.28M (-23.8%)
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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 Interior Decorative Glassware were:
China $4.67B
France $824M
Germany $553M
In 2022, South Korea's main importing competitors in Interior Decorative Glassware were:
United States $1.62B
Germany $674M
United Kingdom $424M

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Trade Value of Interior Decorative Glassware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.18M
TOP IMPORT POTENTIALChina+ $22.7M

Interior Decorative Glassware’s highest export potential is United States. With an export gap of $3.18M.   Interior Decorative Glassware’s highest import potential is China with an import gap of $22.7M.

See methodology.

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