2022
Exports
$48.4MWorld Rnk 29 / 195
Flag Rnk 493 / 1204
2022
PRODUCT COMPLEXITY IN Vacuum Cleaners
1Rnk 172 / 1025
2022
Imports
$225MWorld Rnk 21 / 221
Flag Rnk 333 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $48.4M in Vacuum Cleaners, making it the 29th largest exporter of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 493rd most exported product in South Korea. The main destination of Vacuum Cleaners exports from South Korea are: Russia ($10.4M), United States ($6.62M), France ($2.56M), Turkey ($2.54M), and Germany ($2.02M).

The fastest growing export markets for Vacuum Cleaners of South Korea between 2021 and 2022 were Turkey ($1.45M), Russia ($1.3M), and United Arab Emirates ($806k).

Imports In 2022, South Korea imported $225M in Vacuum Cleaners, becoming the 21st largest importer of Vacuum Cleaners in the world. At the same year, Vacuum Cleaners was the 333rd most imported product in South Korea. South Korea imports Vacuum Cleaners primarily from: China ($151M), Malaysia ($20.1M), Germany ($16.6M), Japan ($11M), and Mexico ($5.12M).

The fastest growing import markets in Vacuum Cleaners for South Korea between 2021 and 2022 were Japan ($1.46M), Sweden ($1.45M), and Thailand ($1.31M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (2) and LG Electronics (1) were at the forefront of shipping Vacuum Cleaners from South Korea to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.43M(-24.9%)
IMPORT GROWTH (November 2023 - November 2024)$5.78M(8.9%)
MAIN DESTINATION (November 2024)Vietnam$1.64M

This section shows Vacuum Cleaners'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 Vacuum Cleaners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$48.4M
IMPORTS (2022)$225M
NET TRADE (2022)-$176M

In 2022, South Korea exported $48.4M in Vacuum Cleaners. The main destinations of South Korea exports on Vacuum Cleaners were Russia ($10.4M), United States ($6.62M), France ($2.56M), Turkey ($2.54M), and Germany ($2.02M).

In 2022, South Korea imported $225M in Vacuum Cleaners, mainly from China ($151M), Malaysia ($20.1M), Germany ($16.6M), Japan ($11M), and Mexico ($5.12M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vacuum Cleaners EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$1.45M (133%)
Russia$1.3M (14.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vacuum Cleaners BY South Korea WERE (2021 - 2022):
Uzbekistan-$5.56M (-97.7%)
Netherlands-$504k (-33%)
China-$378k (-22.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Vacuum Cleaners were:
China $11.6B
Germany $2.47B
Mexico $1.31B
In 2022, South Korea's main importing competitors in Vacuum Cleaners were:

Explore Visualizations

Trade Value of Vacuum Cleaners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.97M
TOP IMPORT POTENTIALChina+ $53.2M

Vacuum Cleaners’s highest export potential is United States. With an export gap of $7.97M.   Vacuum Cleaners’s highest import potential is China with an import gap of $53.2M.

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