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2022
Exports $2.47MWorld Rnk 35 / 171
Flag Rnk 904 / 1204
2022
Destination $218k Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $218kUnited States
2022
PRODUCT COMPLEXITY IN Vacuum Flask0.56Rnk 338 / 1025
2022
Imports $140MWorld Rnk 7 / 213
Flag Rnk 438 / 1213
2022
Origin $8.46M China
2021 - 2022
FASTEST GROWING ORIGIN $8.46MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.47M in Vacuum Flask, making it the 35th largest exporter of Vacuum Flask in the world. At the same year, Vacuum Flask was the 904th most exported product in South Korea. The main destination of Vacuum Flask exports from South Korea are: Saudi Arabia ($637k), China ($546k), United States ($334k), Japan ($188k), and Argentina ($122k).

The fastest growing export markets for Vacuum Flask of South Korea between 2021 and 2022 were United States ($218k), Argentina ($103k), and Philippines ($66.5k).

Imports In 2022, South Korea imported $140M in Vacuum Flask, becoming the 7th largest importer of Vacuum Flask in the world. At the same year, Vacuum Flask was the 438th most imported product in South Korea. South Korea imports Vacuum Flask primarily from: China ($128M), Malaysia ($4.38M), Thailand ($3.14M), Philippines ($2.18M), and Italy ($1.03M).

The fastest growing import markets in Vacuum Flask for South Korea between 2021 and 2022 were China ($8.46M), Malaysia ($2.27M), and Italy ($1.01M).

COMPANIES In 2023, leading companies such as General Motors (15) were at the forefront of shipping Vacuum Flask from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Vacuum Flask exports accounted up to $111k and imports accounted up to $20.6M, resulting in a negative trade balance of $20.5M. Between July 2023 and July 2024 the exports of South Korea's   Vacuum Flask have decreased by $-81k (-42.2%) from $192k to $111k, while imports increased by $7.65M (58.9%) from $13M to $20.6M.

Destinations In July 2024, Vacuum Flask were exported mostly to United States ($44k), Switzerland ($12k), Singapore ($8k), Nepal ($7k), and Hong Kong ($6k), and were imported mostly from China ($19.6M), Malaysia ($392k), Thailand ($307k), Philippines ($264k), and Germany ($40k).

Growth In July 2024, the decrease in Vacuum Flask's year-by-year exports was explained primarily by a decrease in exports to China ($-37k or -82.2%), Japan ($-4k or -66.7%), and Vietnam ($-2k or -100%). In July 2024, the increase in Vacuum Flask's year-by-year imports was explained primarily by an increase in imports from China ($1.97M or 19.7%) and Japan ($7k or 140%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-81k(-42.2%)
IMPORT GROWTH (July 2023 - July 2024)$7.65M(58.9%)
MAIN DESTINATION (July 2024)United States$44k

This section shows Vacuum Flask'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 Flask over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.47M
IMPORTS (2022)$140M
NET TRADE (2022)-$138M

In 2022, South Korea exported $2.47M in Vacuum Flask. The main destinations of South Korea exports on Vacuum Flask were Saudi Arabia ($637k), China ($546k), United States ($334k), Japan ($188k), and Argentina ($122k).

In 2022, South Korea imported $140M in Vacuum Flask, mainly from China ($128M), Malaysia ($4.38M), Thailand ($3.14M), Philippines ($2.18M), and Italy ($1.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vacuum Flask EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$218k (187%)
Argentina$103k (526%)
Philippines$66.5k (543%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vacuum Flask BY South Korea WERE (2021 - 2022):
China-$522k (-48.9%)
Saudi Arabia-$288k (-31.1%)
Chinese Taipei-$85.4k (-52.8%)
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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 Vacuum Flask were:
China $4.05B
United States $135M
Germany $89.2M
In 2022, South Korea's main importing competitors in Vacuum Flask were:
United States $1.54B
Japan $282M
Germany $172M

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Trade Value of Vacuum Flask by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $410k
TOP IMPORT POTENTIALChina+ $6.62M

Vacuum Flask’s highest export potential is United States. With an export gap of $410k.   Vacuum Flask’s highest import potential is China with an import gap of $6.62M.

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