Synthetic Reconstructed Jewellery Stones in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $11.1M in Synthetic Reconstructed Jewellery Stones, making it the 20th largest exporter of Synthetic Reconstructed Jewellery Stones in the world. At the same year, Synthetic Reconstructed Jewellery Stones was the 715th most exported product in South Korea. The main destination of Synthetic Reconstructed Jewellery Stones exports from South Korea are: Malaysia ($2.62M), Germany ($1.82M), United States ($1.78M), Chinese Taipei ($1.56M), and Japan ($1.32M).

The fastest growing export markets for Synthetic Reconstructed Jewellery Stones of South Korea between 2021 and 2022 were Malaysia ($2.51M), Germany ($1.6M), and United States ($310k).

Imports In 2022, South Korea imported $27.3M in Synthetic Reconstructed Jewellery Stones, becoming the 17th largest importer of Synthetic Reconstructed Jewellery Stones in the world. At the same year, Synthetic Reconstructed Jewellery Stones was the 784th most imported product in South Korea. South Korea imports Synthetic Reconstructed Jewellery Stones primarily from: China ($15.1M), India ($6.33M), Hong Kong ($2.02M), Russia ($1.34M), and United States ($728k).

The fastest growing import markets in Synthetic Reconstructed Jewellery Stones for South Korea between 2021 and 2022 were India ($1.73M), Hong Kong ($950k), and Australia ($55.1k).

COMPANIES In 2023, leading companies such as Samsung (4), At Home Procurement (4), and Mystic Apparel (1) were at the forefront of shipping Synthetic Reconstructed Jewellery Stones from South Korea to the United States.

Latest Trends

October 2024

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Overview In October 2024 South Korea's Synthetic Reconstructed Jewellery Stones exports accounted up to $1.95M and imports accounted up to $5.19M, resulting in a negative trade balance of $3.25M. Between October 2023 and October 2024 the exports of South Korea's Synthetic Reconstructed Jewellery Stones have increased by $826k (73.8%) from $1.12M to $1.95M, while imports increased by $2.3M (79.8%) from $2.89M to $5.19M.

Destinations In October 2024, Synthetic Reconstructed Jewellery Stones were exported mostly to Malaysia ($957k), United States ($353k), Germany ($222k), Hong Kong ($139k), and Japan ($77k), and were imported mostly from India ($2.75M), China ($1.96M), Hong Kong ($298k), United States ($83k), and Japan ($33k).

Growth In October 2024, the increase in Synthetic Reconstructed Jewellery Stones's year-by-year exports was explained primarily by an increase in exports to Germany ($168k or 442%), Malaysia ($163k or 333%), and United States ($20k or 10.4%). In October 2024, the increase in Synthetic Reconstructed Jewellery Stones's year-by-year imports was explained primarily by an increase in imports from India ($167k or 24.9%), Belgium ($16k or 100%), and Czechia ($9k or 180%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$826k(73.8%)

IMPORT GROWTH (October 2023 - October 2024)$2.3M(79.8%)

MAIN DESTINATION (October 2024)Malaysia$957k

This section shows Synthetic Reconstructed Jewellery Stones'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 Synthetic Reconstructed Jewellery Stones over time.

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