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2023
Exports $1.65BWorld Rnk 9 / 188
Flag Rnk 26 / 96
2023
Destination $192M Japan
2022 - 2023
FASTEST GROWING MARKET $192MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Tobacco & substitutes-0.75Rnk 772 / 1025
2023
Imports $501MWorld Rnk 29 / 226
Flag Rnk 67 / 96
2023
Origin $30.7M Philippines
2022 - 2023
FASTEST GROWING ORIGIN $30.7MBrazil
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.65B in Tobacco & substitutes, making it the 9th largest exporter of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 26th most exported product in South Korea. The main destination of Tobacco & substitutes exports from South Korea are: Japan ($908M), United Arab Emirates ($363M), Chinese Taipei ($67.8M), China ($65.2M), and Hong Kong ($53.8M).

The fastest growing export markets for Tobacco & substitutes of South Korea between 2022 and 2023 were United Arab Emirates ($192M), China ($45.2M), and Chinese Taipei ($24.7M).

Imports In 2023, South Korea imported $501M in Tobacco & substitutes, becoming the 29th largest importer of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 67th most imported product in South Korea. South Korea imports Tobacco & substitutes primarily from: Philippines ($114M), Brazil ($73.1M), India ($35.7M), Indonesia ($32.1M), and United States ($27.5M).

The fastest growing import markets in Tobacco & substitutes for South Korea between 2022 and 2023 were Brazil ($30.7M), Philippines ($20.6M), and United Arab Emirates ($16.2M).

COMPANIES In 2024, leading companies such as LG Electronics (3), GE RENEWABLES NORTH AMERICA LLC (1), and Elkem Silicones (1) were at the forefront of shipping Tobacco & substitutes from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Tobacco & substitutes exports accounted up to $106M and imports accounted up to $53.1M, resulting in a positive trade balance of $53.3M. Between December 2023 and December 2024 the exports of South Korea's   Tobacco & substitutes have increased by $36.8M (52.8%) from $69.6M to $106M, while imports increased by $12.7M (31.5%) from $40.4M to $53.1M.

Destinations In December 2024, Tobacco & substitutes were exported mostly to United Arab Emirates ($29.5M), Japan ($22.1M), Russia ($10.1M), Mongolia ($7.8M), and Turkey ($5.11M), and were imported mostly from Philippines ($17.8M), China ($13.6M), Brazil ($8.98M), Indonesia ($3.34M), and India ($2.66M).

Growth In December 2024, the increase in Tobacco & substitutes's year-by-year exports was explained primarily by an increase in exports to Japan ($8.63M or 36.2%), Hong Kong ($5.09M or 152%), and Thailand ($2.42M or 2.07k%). In December 2024, the increase in Tobacco & substitutes's year-by-year imports was explained primarily by an increase in imports from Tanzania ($7.71M or 652%), Zimbabwe ($7.43M or 705%), and Philippines ($6.3M or 270%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$36.8M(52.8%)
IMPORT GROWTH (December 2023 - December 2024)$12.7M(31.5%)
MAIN DESTINATION (December 2024)United Arab Emirates$29.5M

This section shows Tobacco & substitutes'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 Tobacco & substitutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.65B
IMPORTS (2023)$501M
NET TRADE (2023)$1.15B

In 2023, South Korea exported $1.65B in Tobacco & substitutes. The main destinations of South Korea exports on Tobacco & substitutes were Japan ($908M), United Arab Emirates ($363M), Chinese Taipei ($67.8M), China ($65.2M), and Hong Kong ($53.8M).

In 2023, South Korea imported $501M in Tobacco & substitutes, mainly from Philippines ($114M), Brazil ($73.1M), India ($35.7M), Indonesia ($32.1M), and United States ($27.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tobacco & substitutes EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United Arab Emirates$192M (112%)
China$45.2M (227%)
Chinese Taipei$24.7M (57.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco & substitutes BY South Korea WERE (2022 - 2023):
Mongolia-$36.4M (-100%)
Vietnam-$31.7M (-100%)
Panama-$28.3M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Tobacco & substitutes were:
Poland $6.31B
United Arab Emirates $4.8B
Germany $3.44B
In 2023, South Korea's main importing competitors in Tobacco & substitutes were:
Germany $5.19B
Japan $4.25B
Italy $2.64B

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Trade Value of Tobacco & substitutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $10.5M
TOP IMPORT POTENTIALIndia+ $8.92M

Tobacco & substitutes’s highest export potential is China. With an export gap of $10.5M.   Tobacco & substitutes’s highest import potential is India with an import gap of $8.92M.

See methodology.

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