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Pricing

2022
Exports $140MWorld Rnk 23 / 216
Flag Rnk 332 / 1204
2022
Destination $3.97M United States
2021 - 2022
FASTEST GROWING MARKET $3.97MMalaysia
2022
PRODUCT COMPLEXITY IN Plastic Housewares-0.46Rnk 686 / 1025
2022
Imports $353MWorld Rnk 17 / 223
Flag Rnk 245 / 1213
2022
Origin $42.2M China
2021 - 2022
FASTEST GROWING ORIGIN $42.2MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $140M in Plastic Housewares, making it the 23rd largest exporter of Plastic Housewares in the world. At the same year, Plastic Housewares was the 332nd most exported product in South Korea. The main destination of Plastic Housewares exports from South Korea are: United States ($46.7M), China ($17.8M), Japan ($16.7M), Vietnam ($6.55M), and Malaysia ($5.27M).

The fastest growing export markets for Plastic Housewares of South Korea between 2021 and 2022 were Malaysia ($3.97M), Philippines ($2.24M), and Canada ($806k).

Imports In 2022, South Korea imported $353M in Plastic Housewares, becoming the 17th largest importer of Plastic Housewares in the world. At the same year, Plastic Housewares was the 245th most imported product in South Korea. South Korea imports Plastic Housewares primarily from: China ($275M), Chinese Taipei ($20.9M), Vietnam ($12M), United States ($10.3M), and Thailand ($9.53M).

The fastest growing import markets in Plastic Housewares for South Korea between 2021 and 2022 were China ($42.2M), Netherlands ($2.34M), and Malaysia ($646k).

COMPANIES In 2023, leading companies such as Lollicup (2) and CJ Foods (2) were at the forefront of shipping Plastic Housewares from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Plastic Housewares exports accounted up to $9.99M and imports accounted up to $26.3M, resulting in a negative trade balance of $16.3M. Between July 2023 and July 2024 the exports of South Korea's   Plastic Housewares have decreased by $-92k (-0.91%) from $10.1M to $9.99M, while imports increased by $2.36M (9.86%) from $23.9M to $26.3M.

Destinations In July 2024, Plastic Housewares were exported mostly to United States ($2.82M), Japan ($2.68M), Vietnam ($665k), China ($475k), and Chinese Taipei ($397k), and were imported mostly from China ($19.4M), Vietnam ($1.43M), Chinese Taipei ($1.11M), Japan ($944k), and United States ($746k).

Growth In July 2024, the decrease in Plastic Housewares's year-by-year exports was explained primarily by a decrease in exports to United States ($-3.93M or -71.6%), Japan ($-856k or -42.3%), and Netherlands ($-442k or -98.2%). In July 2024, the increase in Plastic Housewares's year-by-year imports was explained primarily by an increase in imports from Vietnam ($181k or 29.6%), Japan ($136k or 31.9%), and Bangladesh ($58k or 43.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-92k(-0.91%)
IMPORT GROWTH (July 2023 - July 2024)$2.36M(9.86%)
MAIN DESTINATION (July 2024)United States$2.82M

This section shows Plastic Housewares'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 Plastic Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$140M
IMPORTS (2022)$353M
NET TRADE (2022)-$212M

In 2022, South Korea exported $140M in Plastic Housewares. The main destinations of South Korea exports on Plastic Housewares were United States ($46.7M), China ($17.8M), Japan ($16.7M), Vietnam ($6.55M), and Malaysia ($5.27M).

In 2022, South Korea imported $353M in Plastic Housewares, mainly from China ($275M), Chinese Taipei ($20.9M), Vietnam ($12M), United States ($10.3M), and Thailand ($9.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Housewares EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Malaysia$3.97M (303%)
Philippines$2.24M (104%)
Canada$806k (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Housewares BY South Korea WERE (2021 - 2022):
China-$11M (-38.2%)
Japan-$6.33M (-27.5%)
United States-$1.65M (-3.42%)
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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 Plastic Housewares were:
China $16.8B
United States $981M
Germany $844M
In 2022, South Korea's main importing competitors in Plastic Housewares were:
United States $8.48B
Germany $1.26B
Canada $1B

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Trade Value of Plastic Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.6M
TOP IMPORT POTENTIALChina+ $59.8M

Plastic Housewares’s highest export potential is United States. With an export gap of $13.6M.   Plastic Housewares’s highest import potential is China with an import gap of $59.8M.

See methodology.

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