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2022
Exports $597MWorld Rnk 9 / 206
Flag Rnk 143 / 1204
2022
Destination $238M China
2021 - 2022
FASTEST GROWING MARKET $238MChina
2022
PRODUCT COMPLEXITY IN Shaving Products0.1Rnk 523 / 1025
2022
Imports $157MWorld Rnk 26 / 222
Flag Rnk 415 / 1213
2022
Origin $4.48M United States
2021 - 2022
FASTEST GROWING ORIGIN $4.48MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $597M in Shaving Products, making it the 9th largest exporter of Shaving Products in the world. At the same year, Shaving Products was the 143rd most exported product in South Korea. The main destination of Shaving Products exports from South Korea are: China ($255M), Japan ($78.6M), United States ($67.9M), Hong Kong ($32.4M), and Russia ($25.9M).

The fastest growing export markets for Shaving Products of South Korea between 2021 and 2022 were China ($238M), Vietnam ($4.49M), and Chinese Taipei ($3.69M).

Imports In 2022, South Korea imported $157M in Shaving Products, becoming the 26th largest importer of Shaving Products in the world. At the same year, Shaving Products was the 415th most imported product in South Korea. South Korea imports Shaving Products primarily from: United States ($38.9M), China ($27M), Japan ($17.7M), Vietnam ($16.6M), and France ($12.2M).

The fastest growing import markets in Shaving Products for South Korea between 2021 and 2022 were China ($4.48M), Japan ($4.44M), and Vietnam ($1.46M).

COMPANIES In 2023, leading companies such as Costco Wholesale (3), Amazon (1), and SIGMA Corp (1) were at the forefront of shipping Shaving Products from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Shaving Products exports accounted up to $73.1M and imports accounted up to $13.1M, resulting in a positive trade balance of $60M. Between July 2023 and July 2024 the exports of South Korea's   Shaving Products have increased by $22.8M (45.3%) from $50.3M to $73.1M, while imports decreased by $-2.51M (-16.1%) from $15.6M to $13.1M.

Destinations In July 2024, Shaving Products were exported mostly to United States ($20.9M), China ($13.9M), Japan ($12.4M), Hong Kong ($3.16M), and Russia ($2.38M), and were imported mostly from United States ($2.73M), China ($2.61M), France ($1.76M), Vietnam ($1.09M), and Italy ($960k).

Growth In July 2024, the increase in Shaving Products's year-by-year exports was explained primarily by an increase in exports to Vietnam ($309k or 32%), Canada ($307k or 110%), and Saudi Arabia ($213k or 277%). In July 2024, the decrease in Shaving Products's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.48M or -31.9%), China ($-777k or -26.7%), and Vietnam ($-534k or -43%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$22.8M(45.3%)
IMPORT GROWTH (July 2023 - July 2024)$-2.51M(-16.1%)
MAIN DESTINATION (July 2024)United States$20.9M

This section shows Shaving Products'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 Shaving Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$597M
IMPORTS (2022)$157M
NET TRADE (2022)$440M

In 2022, South Korea exported $597M in Shaving Products. The main destinations of South Korea exports on Shaving Products were China ($255M), Japan ($78.6M), United States ($67.9M), Hong Kong ($32.4M), and Russia ($25.9M).

In 2022, South Korea imported $157M in Shaving Products, mainly from United States ($38.9M), China ($27M), Japan ($17.7M), Vietnam ($16.6M), and France ($12.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Shaving Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$238M (1.39k%)
Vietnam$4.49M (30.3%)
Chinese Taipei$3.69M (30.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Shaving Products BY South Korea WERE (2021 - 2022):
Hong Kong-$28.5M (-46.8%)
Russia-$8.1M (-23.8%)
United States-$7.22M (-9.61%)
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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 Shaving Products were:
China $1.94B
United States $1.23B
United Kingdom $1.05B
In 2022, South Korea's main importing competitors in Shaving Products were:
United States $1.4B
Germany $841M
Netherlands $630M

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Trade Value of Shaving Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.33M
TOP IMPORT POTENTIALChina+ $14.9M

Shaving Products’s highest export potential is China. With an export gap of $8.33M.   Shaving Products’s highest import potential is China with an import gap of $14.9M.

See methodology.

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