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2023
Exports $322MWorld Rnk 31 / 212
Flag Rnk 189 / 1188
2023
Destination $37.4M United States
2022 - 2023
FASTEST GROWING MARKET $37.4MHong Kong
2023
PRODUCT COMPLEXITY IN Jewellery-0.47Rnk 685 / 1025
2023
Imports $1.2BWorld Rnk 18 / 216
Flag Rnk 74 / 1208
2023
Origin $205M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $205MSwitzerland
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $322M in Jewellery, making it the 31st largest exporter of Jewellery in the world. At the same year, Jewellery was the 189th most exported product in South Korea. The main destination of Jewellery exports from South Korea are: United States ($150M), Hong Kong ($94.1M), France ($17.3M), Switzerland ($16.7M), and United Arab Emirates ($11.4M).

The fastest growing export markets for Jewellery of South Korea between 2022 and 2023 were Hong Kong ($37.4M), United States ($25.4M), and France ($10.5M).

Imports In 2023, South Korea imported $1.2B in Jewellery, becoming the 18th largest importer of Jewellery in the world. At the same year, Jewellery was the 74th most imported product in South Korea. South Korea imports Jewellery primarily from: Switzerland ($391M), United States ($226M), France ($176M), Italy ($100M), and Ireland ($99.4M).

The fastest growing import markets in Jewellery for South Korea between 2022 and 2023 were Switzerland ($205M), Ireland ($98.1M), and Hong Kong ($47.4M).

COMPANIES In 2024, leading companies such as Samsung (1) and LG Electronics (1) were at the forefront of shipping Jewellery from South Korea to the United States.

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Jewellery exports accounted up to $17.9M and imports accounted up to $73.8M, resulting in a negative trade balance of $55.9M. Between January 2024 and January 2025 the exports of South Korea's   Jewellery have decreased by $-29M (-61.8%) from $46.9M to $17.9M, while imports decreased by $-10.4M (-12.4%) from $84.2M to $73.8M.

Destinations In January 2025, Jewellery were exported mostly to United States ($7.47M), Mongolia ($1.95M), United Arab Emirates ($1.26M), Hong Kong ($1.05M), and France ($1.01M), and were imported mostly from Italy ($24.2M), France ($21.4M), Switzerland ($11.5M), United States ($5.76M), and China ($4.82M).

Growth In January 2025, the decrease in Jewellery's year-by-year exports was explained primarily by a decrease in exports to France ($-8.58M or -89.7%), Australia ($-1M or -76.1%), and Indonesia ($-355k or -95.9%). In January 2025, the decrease in Jewellery's year-by-year imports was explained primarily by a decrease in imports from United States ($-21.8M or -68.2%), France ($-703k or -2.8%), and Vietnam ($-118k or -12.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-29M(-61.8%)
IMPORT GROWTH (January 2024 - January 2025)$-10.4M(-12.4%)
MAIN DESTINATION (January 2025)United States$7.47M

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 (2023)$322M
IMPORTS (2023)$1.2B
NET TRADE (2023)-$879M

In 2023, South Korea exported $322M in Jewellery. The main destinations of South Korea exports on Jewellery were United States ($150M), Hong Kong ($94.1M), France ($17.3M), Switzerland ($16.7M), and United Arab Emirates ($11.4M).

In 2023, South Korea imported $1.2B in Jewellery, mainly from Switzerland ($391M), United States ($226M), France ($176M), Italy ($100M), and Ireland ($99.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jewellery EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Hong Kong$37.4M (66%)
United States$25.4M (20.4%)
France$10.5M (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jewellery BY South Korea WERE (2022 - 2023):
Vietnam-$9.04M (-100%)
Thailand-$3.66M (-83.4%)
China-$3.52M (-83.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Jewellery were:
India $13.1B
Italy $12.4B
China $11.6B
In 2023, South Korea's main importing competitors in Jewellery were:
Hong Kong $21.3B
United Arab Emirates $16.6B
United States $13.5B

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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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