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2022
Exports $317MWorld Rnk 26 / 214
Flag Rnk 208 / 1204
2022
Destination $19.7M United States
2021 - 2022
FASTEST GROWING MARKET $19.7MUnited Arab Emirates
2022
PRODUCT COMPLEXITY IN Jewellery-0.41Rnk 675 / 1025
2022
Imports $990MWorld Rnk 22 / 219
Flag Rnk 109 / 1213
2022
Origin $57.3M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $57.3MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $317M in Jewellery, making it the 26th largest exporter of Jewellery in the world. At the same year, Jewellery was the 208th most exported product in South Korea. The main destination of Jewellery exports from South Korea are: United States ($94M), Hong Kong ($62.1M), United Arab Emirates ($25.6M), Chinese Taipei ($19.3M), and Japan ($18.5M).

The fastest growing export markets for Jewellery of South Korea between 2021 and 2022 were United Arab Emirates ($19.7M), Chinese Taipei ($16.3M), and Thailand ($16.1M).

Imports In 2022, South Korea imported $990M in Jewellery, becoming the 22nd largest importer of Jewellery in the world. At the same year, Jewellery was the 109th most imported product in South Korea. South Korea imports Jewellery primarily from: Switzerland ($331M), France ($197M), United States ($175M), Italy ($105M), and China ($53.6M).

The fastest growing import markets in Jewellery for South Korea between 2021 and 2022 were France ($57.3M), Italy ($53.1M), and Switzerland ($43.4M).

COMPANIES In 2023, leading companies such as General Motors (6) and Tesla (2) were at the forefront of shipping Jewellery from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Jewellery exports accounted up to $63.9M and imports accounted up to $115M, resulting in a negative trade balance of $51.2M. Between October 2023 and October 2024 the exports of South Korea's   Jewellery have increased by $45.8M (254%) from $18.1M to $63.9M, while imports increased by $30.3M (35.8%) from $84.8M to $115M.

Destinations In October 2024, Jewellery were exported mostly to Turkey ($35.2M), United States ($8.87M), Singapore ($5.42M), Mongolia ($2.14M), and Chinese Taipei ($1.9M), and were imported mostly from Italy ($38.5M), France ($36.4M), Switzerland ($15.8M), United States ($12.3M), and China ($3.19M).

Growth In October 2024, the increase in Jewellery's year-by-year exports was explained primarily by an increase in exports to France ($6.35M or 198%), Australia ($1.15M or 683%), and United Arab Emirates ($996k or 218%). In October 2024, the increase in Jewellery's year-by-year imports was explained primarily by an increase in imports from United States ($23.1M or 258%), Italy ($5.88M or 31.4%), and Switzerland ($2.84M or 30.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$45.8M(254%)
IMPORT GROWTH (October 2023 - October 2024)$30.3M(35.8%)
MAIN DESTINATION (October 2024)Turkey$35.2M

This section shows Jewellery'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 Jewellery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$317M
IMPORTS (2022)$990M
NET TRADE (2022)-$673M

In 2022, South Korea exported $317M in Jewellery. The main destinations of South Korea exports on Jewellery were United States ($94M), Hong Kong ($62.1M), United Arab Emirates ($25.6M), Chinese Taipei ($19.3M), and Japan ($18.5M).

In 2022, South Korea imported $990M in Jewellery, mainly from Switzerland ($331M), France ($197M), United States ($175M), Italy ($105M), and China ($53.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Arab Emirates$19.7M (332%)
Chinese Taipei$16.3M (530%)
Thailand$16.1M (1.18k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY South Korea WERE (2021 - 2022):
Hong Kong-$46.3M (-42.7%)
United States-$34M (-26.5%)
Vietnam-$6.67M (-41.8%)
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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 Jewellery were:
China $13.9B
India $12.6B
Switzerland $11.8B
In 2022, South Korea's main importing competitors in Jewellery were:
Hong Kong $21.1B
United States $15.6B
United Arab Emirates $11B

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Trade Value of Jewellery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $32.3M
TOP IMPORT POTENTIALChina+ $46.9M

Jewellery’s highest export potential is United States. With an export gap of $32.3M.   Jewellery’s highest import potential is China with an import gap of $46.9M.

See methodology.

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