2023
Exports
$68MWorld Rnk 13 / 194
Flag Rnk 398 / 1188
2023
PRODUCT COMPLEXITY IN Perfume Plants
-1.84Rnk 985 / 1025
2023
Imports
$158MWorld Rnk 7 / 215
Flag Rnk 372 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $68M in Perfume Plants, making it the 13th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 398th most exported product in South Korea. The main destination of Perfume Plants exports from South Korea are: China ($32.3M), Hong Kong ($16.1M), Chinese Taipei ($7.3M), Macau ($2.94M), and United States ($2.91M).

The fastest growing export markets for Perfume Plants of South Korea between 2022 and 2023 were Hong Kong ($3.24M), Macau ($2.26M), and Indonesia ($421k).

Imports In 2023, South Korea imported $158M in Perfume Plants, becoming the 7th largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 372nd most imported product in South Korea. South Korea imports Perfume Plants primarily from: China ($130M), India ($11.2M), Pakistan ($2.35M), Germany ($1.94M), and Indonesia ($1.94M).

The fastest growing import markets in Perfume Plants for South Korea between 2022 and 2023 were China ($35M), Pakistan ($1.22M), and Germany ($931k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-4.61M(-23.8%)
IMPORT GROWTH (December 2023 - December 2024)$-632k(-5.04%)
MAIN DESTINATION (December 2024)China$8.01M

This section shows Perfume Plants'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 Perfume Plants over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$68M
IMPORTS (2023)$158M
NET TRADE (2023)-$89.6M

In 2023, South Korea exported $68M in Perfume Plants. The main destinations of South Korea exports on Perfume Plants were China ($32.3M), Hong Kong ($16.1M), Chinese Taipei ($7.3M), Macau ($2.94M), and United States ($2.91M).

In 2023, South Korea imported $158M in Perfume Plants, mainly from China ($130M), India ($11.2M), Pakistan ($2.35M), Germany ($1.94M), and Indonesia ($1.94M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Hong Kong$3.24M (25.1%)
Macau$2.26M (330%)
Indonesia$421k (12k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY South Korea WERE (2022 - 2023):
China-$13.4M (-29.4%)
Chinese Taipei-$4.16M (-36.3%)
Vietnam-$1.04M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Perfume Plants were:
China $988M
India $467M
In 2023, South Korea's main importing competitors in Perfume Plants were:

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Trade Value of Perfume Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.41M
TOP IMPORT POTENTIALIndia+ $5.44M

Perfume Plants’s highest export potential is United States. With an export gap of $2.41M.   Perfume Plants’s highest import potential is India with an import gap of $5.44M.

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