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2022
Exports $26MWorld Rnk 8 / 146
Flag Rnk 601 / 1204
2022
Destination $1.32M Japan
2021 - 2022
FASTEST GROWING MARKET $1.32MPoland
2022
PRODUCT COMPLEXITY IN Scent Sprays0.79Rnk 250 / 1025
2022
Imports $37.1MWorld Rnk 14 / 210
Flag Rnk 735 / 1213
2022
Origin $505k China
2021 - 2022
FASTEST GROWING ORIGIN $505kFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $26M in Scent Sprays, making it the 8th largest exporter of Scent Sprays in the world. At the same year, Scent Sprays was the 601st most exported product in South Korea. The main destination of Scent Sprays exports from South Korea are: Japan ($5.49M), United States ($4.22M), China ($3.51M), France ($2.51M), and Poland ($2.26M).

The fastest growing export markets for Scent Sprays of South Korea between 2021 and 2022 were Poland ($1.32M), Indonesia ($527k), and Greece ($480k).

Imports In 2022, South Korea imported $37.1M in Scent Sprays, becoming the 14th largest importer of Scent Sprays in the world. At the same year, Scent Sprays was the 735th most imported product in South Korea. South Korea imports Scent Sprays primarily from: China ($30.6M), Italy ($1.66M), Japan ($1.29M), France ($863k), and Vietnam ($761k).

The fastest growing import markets in Scent Sprays for South Korea between 2021 and 2022 were France ($505k), Italy ($283k), and Vietnam ($81.7k).

COMPANIES In 2023, leading companies such as L'Oreal (4) and LG Electronics (3) were at the forefront of shipping Scent Sprays from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Scent Sprays exports accounted up to $1.42M and imports accounted up to $3.81M, resulting in a negative trade balance of $2.38M. Between July 2023 and July 2024 the exports of South Korea's   Scent Sprays have decreased by $-509k (-26.3%) from $1.93M to $1.42M, while imports increased by $479k (14.4%) from $3.33M to $3.81M.

Destinations In July 2024, Scent Sprays were exported mostly to Japan ($497k), United States ($264k), France ($91k), Singapore ($85k), and China ($56k), and were imported mostly from China ($3.51M), Vietnam ($83k), Japan ($51k), Mexico ($47k), and Malaysia ($31k).

Growth In July 2024, the decrease in Scent Sprays's year-by-year exports was explained primarily by a decrease in exports to United States ($-434k or -78.2%), China ($-340k or -84.6%), and France ($-156k or -62.7%). In July 2024, the increase in Scent Sprays's year-by-year imports was explained primarily by an increase in imports from Vietnam ($93k or 358%), Spain ($56k or 800%), and Japan ($29k or 59.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-509k(-26.3%)
IMPORT GROWTH (July 2023 - July 2024)$479k(14.4%)
MAIN DESTINATION (July 2024)Japan$497k

This section shows Scent Sprays'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 Scent Sprays over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26M
IMPORTS (2022)$37.1M
NET TRADE (2022)-$11.1M

In 2022, South Korea exported $26M in Scent Sprays. The main destinations of South Korea exports on Scent Sprays were Japan ($5.49M), United States ($4.22M), China ($3.51M), France ($2.51M), and Poland ($2.26M).

In 2022, South Korea imported $37.1M in Scent Sprays, mainly from China ($30.6M), Italy ($1.66M), Japan ($1.29M), France ($863k), and Vietnam ($761k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scent Sprays EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Poland$1.32M (140%)
Indonesia$527k (119%)
Greece$480k (90.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scent Sprays BY South Korea WERE (2021 - 2022):
United States-$1.89M (-30.9%)
China-$1.57M (-30.9%)
United Kingdom-$853k (-63.7%)
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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 Scent Sprays were:
China $852M
France $182M
Italy $182M
In 2022, South Korea's main importing competitors in Scent Sprays were:
United States $292M
France $158M
Spain $109M

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Trade Value of Scent Sprays by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.06M
TOP IMPORT POTENTIALChina+ $1.8M

Scent Sprays’s highest export potential is United States. With an export gap of $1.06M.   Scent Sprays’s highest import potential is China with an import gap of $1.8M.

See methodology.

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