2022
Exports
$212MWorld Rnk 43 / 223
Flag Rnk 267 / 1204
2022
PRODUCT COMPLEXITY IN Other Furniture
0.34Rnk 424 / 1025
2022
Imports
$1.36BWorld Rnk 18 / 225
Flag Rnk 79 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $212M in Other Furniture, making it the 43rd largest exporter of Other Furniture in the world. At the same year, Other Furniture was the 267th most exported product in South Korea. The main destination of Other Furniture exports from South Korea are: United States ($91M), Japan ($18.1M), Canada ($11.9M), China ($10.5M), and Chinese Taipei ($7.18M).

The fastest growing export markets for Other Furniture of South Korea between 2021 and 2022 were Burma ($4.28M), Italy ($2.9M), and United States ($1.73M).

Imports In 2022, South Korea imported $1.36B in Other Furniture, becoming the 18th largest importer of Other Furniture in the world. At the same year, Other Furniture was the 79th most imported product in South Korea. South Korea imports Other Furniture primarily from: China ($966M), Vietnam ($118M), Italy ($83.9M), Germany ($41.9M), and Indonesia ($20.3M).

The fastest growing import markets in Other Furniture for South Korea between 2021 and 2022 were Italy ($19.7M), Germany ($6.04M), and Switzerland ($1.44M).

COMPANIES In 2023, leading companies such as Samsung (53), Team Hardinger (14), and CITY Furniture (9) were at the forefront of shipping Other Furniture from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$403k(2.45%)
IMPORT GROWTH (July 2023 - July 2024)$15.9M(20.8%)
MAIN DESTINATION (July 2024)United States$8.58M

This section shows Other Furniture'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 Other Furniture over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$212M
IMPORTS (2022)$1.36B
NET TRADE (2022)-$1.14B

In 2022, South Korea exported $212M in Other Furniture. The main destinations of South Korea exports on Other Furniture were United States ($91M), Japan ($18.1M), Canada ($11.9M), China ($10.5M), and Chinese Taipei ($7.18M).

In 2022, South Korea imported $1.36B in Other Furniture, mainly from China ($966M), Vietnam ($118M), Italy ($83.9M), Germany ($41.9M), and Indonesia ($20.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Furniture EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Burma$4.28M (8.38k%)
Italy$2.9M (107%)
United States$1.73M (1.94%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Furniture BY South Korea WERE (2021 - 2022):
Japan-$3.78M (-17.3%)
Spain-$1.81M (-59%)
India-$1.77M (-61.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Furniture were:
China $36.6B
Vietnam $9.13B
Germany $8.79B
In 2022, South Korea's main importing competitors in Other Furniture were:

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Trade Value of Other Furniture by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.5M
TOP IMPORT POTENTIALChina+ $206M

Other Furniture’s highest export potential is United States. With an export gap of $46.5M.   Other Furniture’s highest import potential is China with an import gap of $206M.

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