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2022
Exports $24.8MWorld Rnk 30 / 176
Flag Rnk 607 / 1204
2022
Destination $2.85M United States
2021 - 2022
FASTEST GROWING MARKET $2.85MUnited States
2022
PRODUCT COMPLEXITY IN Plastic Wash Basins0.5Rnk 366 / 1025
2022
Imports $36.1MWorld Rnk 36 / 222
Flag Rnk 738 / 1213
2022
Origin $1.35M China
2021 - 2022
FASTEST GROWING ORIGIN $1.35MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $24.8M in Plastic Wash Basins, making it the 30th largest exporter of Plastic Wash Basins in the world. At the same year, Plastic Wash Basins was the 607th most exported product in South Korea. The main destination of Plastic Wash Basins exports from South Korea are: United States ($9.75M), China ($5.36M), Saudi Arabia ($2.35M), Japan ($1.46M), and Thailand ($529k).

The fastest growing export markets for Plastic Wash Basins of South Korea between 2021 and 2022 were United States ($2.85M), Switzerland ($272k), and Thailand ($195k).

Imports In 2022, South Korea imported $36.1M in Plastic Wash Basins, becoming the 36th largest importer of Plastic Wash Basins in the world. At the same year, Plastic Wash Basins was the 738th most imported product in South Korea. South Korea imports Plastic Wash Basins primarily from: China ($30.7M), Vietnam ($2.1M), Chinese Taipei ($636k), Italy ($490k), and United States ($456k).

The fastest growing import markets in Plastic Wash Basins for South Korea between 2021 and 2022 were Vietnam ($1.35M), Australia ($319k), and Malaysia ($71k).

COMPANIES In 2023, leading companies such as CNH Industrial (31), General Motors (28), and ZF Friedrichshafen (27) were at the forefront of shipping Plastic Wash Basins from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Plastic Wash Basins exports accounted up to $6.86M and imports accounted up to $1.52M, resulting in a positive trade balance of $5.34M. Between July 2023 and July 2024 the exports of South Korea's   Plastic Wash Basins have increased by $5.08M (285%) from $1.78M to $6.86M, while imports decreased by $-332k (-18%) from $1.85M to $1.52M.

Destinations In July 2024, Plastic Wash Basins were exported mostly to Thailand ($4.45M), United States ($1.51M), China ($319k), Saudi Arabia ($212k), and Japan ($147k), and were imported mostly from China ($1.37M), Japan ($38k), Vietnam ($34k), Hungary ($33k), and Germany ($11k).

Growth In July 2024, the increase in Plastic Wash Basins's year-by-year exports was explained primarily by an increase in exports to United States ($282k or 72.5%), Vietnam ($33k or 275%), and Mongolia ($26k or 51%). In July 2024, the decrease in Plastic Wash Basins's year-by-year imports was explained primarily by a decrease in imports from China ($-2.34M or -50.8%), Vietnam ($-106k or -93.8%), and Italy ($-92k or -76%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$5.08M(285%)
IMPORT GROWTH (July 2023 - July 2024)$-332k(-18%)
MAIN DESTINATION (July 2024)Thailand$4.45M

This section shows Plastic Wash Basins'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 Wash Basins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.8M
IMPORTS (2022)$36.1M
NET TRADE (2022)-$11.2M

In 2022, South Korea exported $24.8M in Plastic Wash Basins. The main destinations of South Korea exports on Plastic Wash Basins were United States ($9.75M), China ($5.36M), Saudi Arabia ($2.35M), Japan ($1.46M), and Thailand ($529k).

In 2022, South Korea imported $36.1M in Plastic Wash Basins, mainly from China ($30.7M), Vietnam ($2.1M), Chinese Taipei ($636k), Italy ($490k), and United States ($456k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Wash Basins EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$2.85M (41.3%)
Switzerland$272k (1.07k%)
Thailand$195k (58.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Wash Basins BY South Korea WERE (2021 - 2022):
China-$2.04M (-27.6%)
Canada-$1.39M (-79%)
Chinese Taipei-$1.22M (-85.4%)
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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 Wash Basins were:
China $1.66B
Germany $863M
Spain $250M
In 2022, South Korea's main importing competitors in Plastic Wash Basins were:
United States $675M
Germany $541M
France $407M

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Trade Value of Plastic Wash Basins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.5M
TOP IMPORT POTENTIALChina+ $6.22M

Plastic Wash Basins’s highest export potential is United States. With an export gap of $1.5M.   Plastic Wash Basins’s highest import potential is China with an import gap of $6.22M.

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