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2022
Exports $94.7MWorld Rnk 9 / 189
Flag Rnk 383 / 1204
2022
Destination $4.46M China
2021 - 2022
FASTEST GROWING MARKET $4.46MChina
2022
PRODUCT COMPLEXITY IN Perfume Plants-1.82Rnk 983 / 1025
2022
Imports $144MWorld Rnk 7 / 213
Flag Rnk 434 / 1213
2022
Origin $4.54M China
2021 - 2022
FASTEST GROWING ORIGIN $4.54MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $94.7M in Perfume Plants, making it the 9th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 383rd most exported product in South Korea. The main destination of Perfume Plants exports from South Korea are: China ($51.8M), Hong Kong ($12M), Chinese Taipei ($11.8M), Japan ($9.43M), and United States ($3.5M).

The fastest growing export markets for Perfume Plants of South Korea between 2021 and 2022 were China ($4.46M), Chinese Taipei ($3.98M), and Japan ($3.5M).

Imports In 2022, South Korea imported $144M in Perfume Plants, becoming the 7th largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 434th most imported product in South Korea. South Korea imports Perfume Plants primarily from: China ($112M), India ($11.3M), Indonesia ($3.42M), Burma ($1.76M), and Uzbekistan ($1.68M).

The fastest growing import markets in Perfume Plants for South Korea between 2021 and 2022 were China ($4.54M), India ($3M), and Indonesia ($1.61M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Perfume Plants exports accounted up to $8.18M and imports accounted up to $11.1M, resulting in a negative trade balance of $2.96M. Between October 2023 and October 2024 the exports of South Korea's   Perfume Plants have decreased by $-3.82M (-31.8%) from $12M to $8.18M, while imports increased by $907k (8.87%) from $10.2M to $11.1M.

Destinations In October 2024, Perfume Plants were exported mostly to China ($4.29M), United States ($1.43M), Hong Kong ($1.12M), Japan ($779k), and Vietnam ($313k), and were imported mostly from China ($7.45M), India ($901k), Uzbekistan ($343k), Thailand ($330k), and South Africa ($217k).

Growth In October 2024, the decrease in Perfume Plants's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-674k or -69.3%), Chinese Taipei ($-300k or -44.2%), and United States ($-119k or -36%). In October 2024, the increase in Perfume Plants's year-by-year imports was explained primarily by an increase in imports from China ($1.2M or 12.3%), India ($854k or 127%), and Indonesia ($505k or 455%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-3.82M(-31.8%)
IMPORT GROWTH (October 2023 - October 2024)$907k(8.87%)
MAIN DESTINATION (October 2024)China$4.29M

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 (2022)$94.7M
IMPORTS (2022)$144M
NET TRADE (2022)-$49.2M

In 2022, South Korea exported $94.7M in Perfume Plants. The main destinations of South Korea exports on Perfume Plants were China ($51.8M), Hong Kong ($12M), Chinese Taipei ($11.8M), Japan ($9.43M), and United States ($3.5M).

In 2022, South Korea imported $144M in Perfume Plants, mainly from China ($112M), India ($11.3M), Indonesia ($3.42M), Burma ($1.76M), and Uzbekistan ($1.68M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$4.46M (9.42%)
Chinese Taipei$3.98M (51.2%)
Japan$3.5M (59.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY South Korea WERE (2021 - 2022):
Hong Kong-$2.94M (-19.6%)
Ukraine-$183k (-99.9%)
United States-$99.6k (-2.77%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Perfume Plants were:
China $961M
India $461M
Germany $192M
In 2022, South Korea's main importing competitors in Perfume Plants were:
United States $522M
Germany $457M
China $328M

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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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