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2022
Exports $966MWorld Rnk 13 / 184
Flag Rnk 42 / 96
2022
Destination $15.4M Japan
2021 - 2022
FASTEST GROWING MARKET $15.4MPanama
2022
PRODUCT COMPLEXITY IN Tobacco & substitutes-0.8Rnk 780 / 1025
2022
Imports $380MWorld Rnk 33 / 223
Flag Rnk 72 / 96
2022
Origin $13.3M Philippines
2021 - 2022
FASTEST GROWING ORIGIN $13.3MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $966M in Tobacco & substitutes, making it the 13th largest exporter of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 42nd most exported product in South Korea. The main destination of Tobacco & substitutes exports from South Korea are: Japan ($384M), United Arab Emirates ($171M), Thailand ($54.8M), Hong Kong ($38.4M), and Mongolia ($36.7M).

The fastest growing export markets for Tobacco & substitutes of South Korea between 2021 and 2022 were Panama ($15.4M), United Arab Emirates ($14.1M), and Vietnam ($11.6M).

Imports In 2022, South Korea imported $380M in Tobacco & substitutes, becoming the 33rd largest importer of Tobacco & substitutes in the world. At the same year, Tobacco & substitutes was the 72nd most imported product in South Korea. South Korea imports Tobacco & substitutes primarily from: Philippines ($98.5M), India ($38.4M), Brazil ($38.1M), United States ($31.3M), and Indonesia ($28.1M).

The fastest growing import markets in Tobacco & substitutes for South Korea between 2021 and 2022 were India ($13.3M), Tanzania ($11.9M), and Malawi ($5.71M).

COMPANIES In 2023, leading companies such as LG Electronics (29), Givaudan Fragrances (2), and Hankook Tires (1) were at the forefront of shipping Tobacco & substitutes from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Tobacco & substitutes exports accounted up to $92.4M and imports accounted up to $34.5M, resulting in a positive trade balance of $57.9M. Between August 2023 and August 2024 the exports of South Korea's   Tobacco & substitutes have increased by $2.92M (3.26%) from $89.5M to $92.4M, while imports decreased by $-9.74M (-22%) from $44.3M to $34.5M.

Destinations In August 2024, Tobacco & substitutes were exported mostly to Japan ($29.8M), United Arab Emirates ($23.2M), Hong Kong ($7.67M), Mongolia ($3.85M), and Chinese Taipei ($3.36M), and were imported mostly from Philippines ($9.27M), China ($7.66M), India ($4.62M), Indonesia ($3.82M), and Brazil ($2.45M).

Growth In August 2024, the increase in Tobacco & substitutes's year-by-year exports was explained primarily by an increase in exports to Japan ($5.71M or 31.6%), Singapore ($825k or 357%), and Chinese Taipei ($695k or 46.7%). In August 2024, the decrease in Tobacco & substitutes's year-by-year imports was explained primarily by a decrease in imports from Philippines ($-3.33M or -58.8%), Argentina ($-2.71M or -97.1%), and India ($-2.63M or -72.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$2.92M(3.26%)
IMPORT GROWTH (August 2023 - August 2024)$-9.74M(-22%)
MAIN DESTINATION (August 2024)Japan$29.8M

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 (2022)$966M
IMPORTS (2022)$380M
NET TRADE (2022)$586M

In 2022, South Korea exported $966M in Tobacco & substitutes. The main destinations of South Korea exports on Tobacco & substitutes were Japan ($384M), United Arab Emirates ($171M), Thailand ($54.8M), Hong Kong ($38.4M), and Mongolia ($36.7M).

In 2022, South Korea imported $380M in Tobacco & substitutes, mainly from Philippines ($98.5M), India ($38.4M), Brazil ($38.1M), United States ($31.3M), and Indonesia ($28.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tobacco & substitutes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Panama$15.4M (119%)
United Arab Emirates$14.1M (8.96%)
Vietnam$11.6M (57.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco & substitutes BY South Korea WERE (2021 - 2022):
United States-$116M (-98%)
Thailand-$15.5M (-22.1%)
Japan-$15M (-3.77%)
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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 Tobacco & substitutes were:
United Arab Emirates $5.1B
Poland $4.62B
Germany $2.92B
In 2022, South Korea's main importing competitors in Tobacco & substitutes were:
Germany $2.74B
Japan $2.41B
United States $2.38B

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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.

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