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2022
Exports $593MWorld Rnk 26 / 225
Flag Rnk 50 / 96
2022
Destination $52.6M United States
2021 - 2022
FASTEST GROWING MARKET $52.6MUnited States
2022
PRODUCT COMPLEXITY IN Toys, games, & sports1.14Rnk 122 / 1025
2022
Imports $2.98BWorld Rnk 13 / 225
Flag Rnk 28 / 96
2022
Origin $100M China
2021 - 2022
FASTEST GROWING ORIGIN $100MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $593M in Toys, games, & sports, making it the 26th largest exporter of Toys, games, & sports in the world. At the same year, Toys, games, & sports was the 50th most exported product in South Korea. The main destination of Toys, games, & sports exports from South Korea are: United States ($238M), China ($63.5M), Japan ($62.7M), Hong Kong ($27.4M), and United Kingdom ($18M).

The fastest growing export markets for Toys, games, & sports of South Korea between 2021 and 2022 were United States ($52.6M), Hong Kong ($14.8M), and United Kingdom ($6.01M).

Imports In 2022, South Korea imported $2.98B in Toys, games, & sports, becoming the 13th largest importer of Toys, games, & sports in the world. At the same year, Toys, games, & sports was the 28th most imported product in South Korea. South Korea imports Toys, games, & sports primarily from: China ($1.88B), Japan ($530M), United States ($232M), Chinese Taipei ($68.9M), and Vietnam ($67.1M).

The fastest growing import markets in Toys, games, & sports for South Korea between 2021 and 2022 were China ($100M), Japan ($42.6M), and United States ($41.5M).

COMPANIES In 2023, leading companies such as LG Electronics (11k), Volvo (217), and General Motors (73) were at the forefront of shipping Toys, games, & sports from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Toys, games, & sports exports accounted up to $48M and imports accounted up to $196M, resulting in a negative trade balance of $148M. Between November 2023 and November 2024 the exports of South Korea's   Toys, games, & sports have decreased by $-5.63M (-10.5%) from $53.6M to $48M, while imports decreased by $-22M (-10.1%) from $218M to $196M.

Destinations In November 2024, Toys, games, & sports were exported mostly to United States ($16.9M), China ($6.5M), Japan ($5.7M), United Kingdom ($2.07M), and Vietnam ($1.78M), and were imported mostly from China ($133M), Japan ($22.2M), United States ($11M), Vietnam ($7.02M), and Chinese Taipei ($3.67M).

Growth In November 2024, the decrease in Toys, games, & sports's year-by-year exports was explained primarily by a decrease in exports to United States ($-4.15M or -28.4%), China ($-1.68M or -40.4%), and Switzerland ($-621k or -98.6%). In November 2024, the decrease in Toys, games, & sports's year-by-year imports was explained primarily by a decrease in imports from Japan ($-9.71M or -18.3%), Germany ($-561k or -29.5%), and Chinese Taipei ($-512k or -5.95%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-5.63M(-10.5%)
IMPORT GROWTH (November 2023 - November 2024)$-22M(-10.1%)
MAIN DESTINATION (November 2024)United States$16.9M

This section shows Toys, games, & sports'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 Toys, games, & sports over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$593M
IMPORTS (2022)$2.98B
NET TRADE (2022)-$2.39B

In 2022, South Korea exported $593M in Toys, games, & sports. The main destinations of South Korea exports on Toys, games, & sports were United States ($238M), China ($63.5M), Japan ($62.7M), Hong Kong ($27.4M), and United Kingdom ($18M).

In 2022, South Korea imported $2.98B in Toys, games, & sports, mainly from China ($1.88B), Japan ($530M), United States ($232M), Chinese Taipei ($68.9M), and Vietnam ($67.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Toys, games, & sports EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$52.6M (28.4%)
Hong Kong$14.8M (118%)
United Kingdom$6.01M (50.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Toys, games, & sports BY South Korea WERE (2021 - 2022):
China-$12.2M (-16.1%)
Australia-$8.33M (-48.6%)
Mexico-$3.75M (-40%)
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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 Toys, games, & sports were:
China $104B
United States $6.04B
Germany $5.23B
In 2022, South Korea's main importing competitors in Toys, games, & sports were:
United States $50.9B
Germany $10.6B
United Kingdom $7.73B

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Trade Value of Toys, games, & sports by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $57M
TOP IMPORT POTENTIALChina+ $577M

Toys, games, & sports’s highest export potential is United States. With an export gap of $57M.   Toys, games, & sports’s highest import potential is China with an import gap of $577M.

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