Toys, games, & sports in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $593M in Toys, games, & sports, making it the 26th largest exporter of Toys, games, & sports in the world. At the same year, Toys, games, & sports was the 50th most exported product in South Korea. The main destination of Toys, games, & sports exports from South Korea are: United States ($238M), China ($63.5M), Japan ($62.7M), Hong Kong ($27.4M), and United Kingdom ($18M).

The fastest growing export markets for Toys, games, & sports of South Korea between 2021 and 2022 were United States ($52.6M), Hong Kong ($14.8M), and United Kingdom ($6.01M).

Imports In 2022, South Korea imported $2.98B in Toys, games, & sports, becoming the 13th largest importer of Toys, games, & sports in the world. At the same year, Toys, games, & sports was the 28th most imported product in South Korea. South Korea imports Toys, games, & sports primarily from: China ($1.88B), Japan ($530M), United States ($232M), Chinese Taipei ($68.9M), and Vietnam ($67.1M).

The fastest growing import markets in Toys, games, & sports for South Korea between 2021 and 2022 were China ($100M), Japan ($42.6M), and United States ($41.5M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (11k), VOLVO GROUP NORTH AMERICA LLC (217), and GENERAL MOTORS LLC (73) were at the forefront of shipping Toys, games, & sports from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Toys, games, & sports exports accounted up to $46.7M and imports accounted up to $187M, resulting in a negative trade balance of $141M. Between March 2023 and March 2024 the exports of South Korea's Toys, games, & sports have decreased by $-2.29M (-4.67%) from $48.9M to $46.7M, while imports decreased by $-81.3M (-30.3%) from $269M to $187M.

Destinations In March 2024, Toys, games, & sports were exported mostly to United States ($18.6M), Japan ($7.59M), China ($4.25M), United Kingdom ($1.67M), and Chinese Taipei ($1.26M), and were imported mostly from China ($97.3M), Japan ($47.5M), United States ($14.5M), Thailand ($5.76M), and Chinese Taipei ($4.75M).

Growth In March 2024, the decrease in Toys, games, & sports's year-by-year exports was explained primarily by a decrease in exports to United States ($-4.15M or -28.4%), China ($-1.68M or -40.4%), and Switzerland ($-621k or -98.6%). In March 2024, the decrease in Toys, games, & sports's year-by-year imports was explained primarily by a decrease in imports from Japan ($-9.71M or -18.3%), Germany ($-561k or -29.5%), and Chinese Taipei ($-512k or -5.95%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-2.29M(-4.67%)

IMPORT GROWTH (March 2023 - March 2024)$-81.3M(-30.3%)

MAIN DESTINATION (March 2024)United States$18.6M

This section shows Toys, games, & sports'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 Toys, games, & sports over time.

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