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Pricing

2022
Exports $10.6MWorld Rnk 20 / 184
Flag Rnk 719 / 1204
2022
Destination $1.25M Japan
2021 - 2022
FASTEST GROWING MARKET $1.25MJapan
2022
PRODUCT COMPLEXITY IN Portable Lighting0.58Rnk 330 / 1025
2022
Imports $43.8MWorld Rnk 22 / 217
Flag Rnk 695 / 1213
2022
Origin $1.62M China
2021 - 2022
FASTEST GROWING ORIGIN $1.62MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $10.6M in Portable Lighting, making it the 20th largest exporter of Portable Lighting in the world. At the same year, Portable Lighting was the 719th most exported product in South Korea. The main destination of Portable Lighting exports from South Korea are: Japan ($4.82M), United States ($1.79M), Vietnam ($682k), China ($565k), and Chinese Taipei ($352k).

The fastest growing export markets for Portable Lighting of South Korea between 2021 and 2022 were Japan ($1.25M), Vietnam ($571k), and Russia ($274k).

Imports In 2022, South Korea imported $43.8M in Portable Lighting, becoming the 22nd largest importer of Portable Lighting in the world. At the same year, Portable Lighting was the 695th most imported product in South Korea. South Korea imports Portable Lighting primarily from: China ($40.8M), United States ($1.18M), Germany ($365k), Japan ($293k), and France ($215k).

The fastest growing import markets in Portable Lighting for South Korea between 2021 and 2022 were China ($1.62M), Sweden ($107k), and Germany ($89.3k).

COMPANIES In 2023, leading companies such as Goldensee Limited (2) were at the forefront of shipping Portable Lighting from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Portable Lighting exports accounted up to $582k and imports accounted up to $3.66M, resulting in a negative trade balance of $3.07M. Between October 2023 and October 2024 the exports of South Korea's   Portable Lighting have increased by $69k (13.5%) from $513k to $582k, while imports increased by $130k (3.69%) from $3.53M to $3.66M.

Destinations In October 2024, Portable Lighting were exported mostly to Russia ($80k), Japan ($65k), United States ($59k), Indonesia ($41k), and Germany ($38k), and were imported mostly from China ($3.3M), Germany ($157k), United States ($153k), Japan ($15k), and United Kingdom ($12k).

Growth In October 2024, the increase in Portable Lighting's year-by-year exports was explained primarily by an increase in exports to France ($19k or 173%), Libya ($3k or 300%), and Finland ($2k or 100%). In October 2024, the increase in Portable Lighting's year-by-year imports was explained primarily by an increase in imports from Hong Kong ($3k or 33.3%), United Kingdom ($2k or 200%), and Japan ($1k or 5.88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$69k(13.5%)
IMPORT GROWTH (October 2023 - October 2024)$130k(3.69%)
MAIN DESTINATION (October 2024)Russia$80k

This section shows Portable Lighting'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 Portable Lighting over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6M
IMPORTS (2022)$43.8M
NET TRADE (2022)-$33.2M

In 2022, South Korea exported $10.6M in Portable Lighting. The main destinations of South Korea exports on Portable Lighting were Japan ($4.82M), United States ($1.79M), Vietnam ($682k), China ($565k), and Chinese Taipei ($352k).

In 2022, South Korea imported $43.8M in Portable Lighting, mainly from China ($40.8M), United States ($1.18M), Germany ($365k), Japan ($293k), and France ($215k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Portable Lighting EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$1.25M (34.9%)
Vietnam$571k (513%)
Russia$274k (640%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Portable Lighting BY South Korea WERE (2021 - 2022):
China-$313k (-35.7%)
Germany-$33.9k (-41.6%)
Hong Kong-$19.9k (-8.29%)
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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 Portable Lighting were:
China $3.19B
Germany $137M
United States $123M
In 2022, South Korea's main importing competitors in Portable Lighting were:
United States $1.03B
Germany $233M
Japan $155M

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Trade Value of Portable Lighting by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04M
TOP IMPORT POTENTIALChina+ $7.56M

Portable Lighting’s highest export potential is United States. With an export gap of $1.04M.   Portable Lighting’s highest import potential is China with an import gap of $7.56M.

See methodology.

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