Labels in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $62.2M in Labels, making it the 4th largest exporter of Labels in the world. At the same year, Labels was the 451st most exported product in South Korea. The main destination of Labels exports from South Korea are: Vietnam ($26.7M), Indonesia ($18.4M), China ($2.26M), Nicaragua ($2.17M), and Bangladesh ($1.89M).

The fastest growing export markets for Labels of South Korea between 2021 and 2022 were Burma ($715k), Canada ($236k), and Bangladesh ($182k).

Imports In 2022, South Korea imported $8.11M in Labels, becoming the 33rd largest importer of Labels in the world. At the same year, Labels was the 968th most imported product in South Korea. South Korea imports Labels primarily from: China ($5.74M), Vietnam ($531k), Hong Kong ($468k), Japan ($465k), and Italy ($320k).

The fastest growing import markets in Labels for South Korea between 2021 and 2022 were China ($683k), Italy ($132k), and Chinese Taipei ($119k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Labels exports accounted up to $3.55M and imports accounted up to $639k, resulting in a positive trade balance of $2.91M. Between July 2023 and July 2024 the exports of South Korea's Labels have decreased by $-110k (-3.01%) from $3.66M to $3.55M, while imports increased by $203k (46.6%) from $436k to $639k.

Destinations In July 2024, Labels were exported mostly to Vietnam ($1.74M), Indonesia ($845k), China ($244k), Burma ($174k), and Guatemala ($114k), and were imported mostly from China ($516k), Vietnam ($60k), Japan ($15k), Hong Kong ($10k), and Italy ($9k).

Growth In July 2024, the decrease in Labels's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-1.37M or -64.4%), Vietnam ($-866k or -33.9%), and Guatemala ($-385k or -90.2%). In July 2024, the increase in Labels's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($20k or 105%), Chinese Taipei ($10k or 111%), and Japan ($6k or 35.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-110k(-3.01%)

IMPORT GROWTH (July 2023 - July 2024)$203k(46.6%)

MAIN DESTINATION (July 2024)Vietnam$1.74M

This section shows Labels'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 Labels over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$62.2M

IMPORTS (2022)$8.11M

NET TRADE (2022)$54.1M

In 2022, South Korea exported $62.2M in Labels. The main destinations of South Korea exports on Labels were Vietnam ($26.7M), Indonesia ($18.4M), China ($2.26M), Nicaragua ($2.17M), and Bangladesh ($1.89M).

In 2022, South Korea imported $8.11M in Labels, mainly from China ($5.74M), Vietnam ($531k), Hong Kong ($468k), Japan ($465k), and Italy ($320k).

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