Tobacco & substitutes in South Korea | The Observatory of Economic Complexity

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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 HANKOOKTIRE AMERICA CO. (5) were at the forefront of shipping Tobacco & substitutes from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Tobacco & substitutes exports accounted up to $78.3M and imports accounted up to $72.2M, resulting in a positive trade balance of $6.14M. Between February 2023 and February 2024 the exports of South Korea's Tobacco & substitutes have decreased by $-8.48M (-9.77%) from $86.8M to $78.3M, while imports increased by $21.9M (43.5%) from $50.3M to $72.2M.

Destinations In February 2024, Tobacco & substitutes were exported mostly to Japan ($32.2M), Hong Kong ($8.43M), United Arab Emirates ($7.24M), China ($3.76M), and Chinese Taipei ($3.45M), and were imported mostly from Brazil ($29.9M), Philippines ($10.2M), China ($5.61M), Tanzania ($5.01M), and Malawi ($3.51M).

Growth In February 2024, the decrease in Tobacco & substitutes's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-13.9M or -49.4%), Thailand ($-4.14M or -97.3%), and Vietnam ($-2.18M or -62.4%). In February 2024, the increase in Tobacco & substitutes's year-by-year imports was explained primarily by an increase in imports from Malawi ($6.27M or 138%), Brazil ($3.84M or 64.6%), and France ($2.17M or 137%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-8.48M(-9.77%)

IMPORT GROWTH (February 2023 - February 2024)$21.9M(43.5%)

MAIN DESTINATION (February 2024)Japan$32.2M

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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