Mirrors and Lenses in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $322M in Mirrors and Lenses, making it the 9th largest exporter of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 206th most exported product in South Korea. The main destination of Mirrors and Lenses exports from South Korea are: Vietnam ($100M), China ($53.3M), United States ($40.5M), Netherlands ($35.2M), and Chinese Taipei ($31.3M).

The fastest growing export markets for Mirrors and Lenses of South Korea between 2021 and 2022 were Netherlands ($11M), Japan ($1.14M), and Poland ($946k).

Imports In 2022, South Korea imported $1.08B in Mirrors and Lenses, becoming the 6th largest importer of Mirrors and Lenses in the world. At the same year, Mirrors and Lenses was the 96th most imported product in South Korea. South Korea imports Mirrors and Lenses primarily from: China ($437M), Chinese Taipei ($284M), Singapore ($82M), Japan ($60.2M), and Netherlands ($56M).

The fastest growing import markets in Mirrors and Lenses for South Korea between 2021 and 2022 were China ($113M), Netherlands ($21M), and Austria ($14M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (294) were at the forefront of shipping Mirrors and Lenses from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Mirrors and Lenses exports accounted up to $45.4M and imports accounted up to $95.5M, resulting in a negative trade balance of $50.2M. Between February 2023 and February 2024 the exports of South Korea's Mirrors and Lenses have increased by $27.5M (153%) from $17.9M to $45.4M, while imports decreased by $-1.05M (-1.09%) from $96.6M to $95.5M.

Destinations In February 2024, Mirrors and Lenses were exported mostly to Chinese Taipei ($16.4M), Netherlands ($14.9M), Vietnam ($4.63M), United States ($2.41M), and China ($1.8M), and were imported mostly from Germany ($28.2M), China ($22M), Chinese Taipei ($18.7M), Japan ($12.1M), and United States ($5.33M).

Growth In February 2024, the increase in Mirrors and Lenses's year-by-year exports was explained primarily by an increase in exports to Netherlands ($2.6M or 156%), Japan ($1.76M or 231%), and Malaysia ($36k or 116%). In February 2024, the decrease in Mirrors and Lenses's year-by-year imports was explained primarily by a decrease in imports from Singapore ($-9.61M or -72.8%), China ($-2.89M or -7.51%), and Vietnam ($-1.18M or -54.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$27.5M(153%)

IMPORT GROWTH (February 2023 - February 2024)$-1.05M(-1.09%)

MAIN DESTINATION (February 2024)Chinese Taipei$16.4M

This section shows Mirrors and Lenses'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 Mirrors and Lenses over time.

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