Jewellery in South Korea | The Observatory of Economic Complexity

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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 were at the forefront of shipping Jewellery from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Jewellery exports accounted up to $53.2M and imports accounted up to $82.5M, resulting in a negative trade balance of $29.3M. Between February 2023 and February 2024 the exports of South Korea's Jewellery have increased by $2.81M (5.57%) from $50.4M to $53.2M, while imports decreased by $-11.2M (-12%) from $93.7M to $82.5M.

Destinations In February 2024, Jewellery were exported mostly to Hong Kong ($25.8M), Turkey ($11.8M), United States ($4.92M), Switzerland ($2.44M), and Mongolia ($1.8M), and were imported mostly from Italy ($27.2M), France ($25M), Switzerland ($13.9M), United States ($7.88M), and China ($1.37M).

Growth In February 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 ($996k or 218%). In February 2024, the decrease in Jewellery's year-by-year imports was explained primarily by a decrease in imports from France ($-12.4M or -33%), Thailand ($-1.09M or -60.6%), and United Kingdom ($-449k or -56.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$2.81M(5.57%)

IMPORT GROWTH (February 2023 - February 2024)$-11.2M(-12%)

MAIN DESTINATION (February 2024)Hong Kong$25.8M

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

Trade Value

Growth

Growth (%)

Year

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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