Glass & glassware in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $2.11B in Glass & glassware, making it the 11th largest exporter of Glass & glassware in the world. At the same year, Glass & glassware was the 24th most exported product in South Korea. The main destination of Glass & glassware exports from South Korea are: China ($942M), Hong Kong ($256M), United States ($218M), Japan ($162M), and Chinese Taipei ($152M).

The fastest growing export markets for Glass & glassware of South Korea between 2021 and 2022 were China ($77M), United States ($44.6M), and Poland ($5.52M).

Imports In 2022, South Korea imported $2.7B in Glass & glassware, becoming the 7th largest importer of Glass & glassware in the world. At the same year, Glass & glassware was the 31st most imported product in South Korea. South Korea imports Glass & glassware primarily from: China ($1.21B), Japan ($502M), Malaysia ($249M), United States ($197M), and Singapore ($119M).

The fastest growing import markets in Glass & glassware for South Korea between 2021 and 2022 were Malaysia ($34M), Germany ($12.6M), and United States ($8.53M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (81.2k), SAMSUNG ELECTRONICS AMERICA (15.5k), and NEXEN TIRE AMERICA INC. (336) were at the forefront of shipping Glass & glassware from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Glass & glassware exports accounted up to $148M and imports accounted up to $185M, resulting in a negative trade balance of $36.9M. Between February 2023 and February 2024 the exports of South Korea's Glass & glassware have decreased by $-11.2M (-7.06%) from $159M to $148M, while imports decreased by $-3.64M (-1.93%) from $188M to $185M.

Destinations In February 2024, Glass & glassware were exported mostly to China ($61.1M), Hong Kong ($22.2M), United States ($19.9M), Japan ($10.4M), and Chinese Taipei ($7.52M), and were imported mostly from China ($69.3M), Japan ($44.9M), Singapore ($19.5M), United States ($12.5M), and Malaysia ($9.44M).

Growth In February 2024, the decrease in Glass & glassware's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-9.71M or -48%), United States ($-5.57M or -27.6%), and Vietnam ($-5.39M or -45.2%). In February 2024, the decrease in Glass & glassware's year-by-year imports was explained primarily by a decrease in imports from China ($-22.6M or -18.2%), Japan ($-16.4M or -32.6%), and Malaysia ($-11.1M or -47.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-11.2M(-7.06%)

IMPORT GROWTH (February 2023 - February 2024)$-3.64M(-1.93%)

MAIN DESTINATION (February 2024)China$61.1M

This section shows Glass & glassware'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 Glass & glassware over time.

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