Eyewear Frames in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $89M in Eyewear Frames, making it the 13th largest exporter of Eyewear Frames in the world. At the same year, Eyewear Frames was the 393rd most exported product in South Korea. The main destination of Eyewear Frames exports from South Korea are: Japan ($26.9M), United States ($12.4M), China ($5.43M), Germany ($4.99M), and Vietnam ($4.58M).

The fastest growing export markets for Eyewear Frames of South Korea between 2021 and 2022 were Vietnam ($2.04M), Malaysia ($1.27M), and Indonesia ($567k).

Imports In 2022, South Korea imported $74.5M in Eyewear Frames, becoming the 22nd largest importer of Eyewear Frames in the world. At the same year, Eyewear Frames was the 575th most imported product in South Korea. South Korea imports Eyewear Frames primarily from: China ($33M), Japan ($14.6M), Denmark ($11.2M), Italy ($5.09M), and Germany ($3.54M).

The fastest growing import markets in Eyewear Frames for South Korea between 2021 and 2022 were Denmark ($4.39M), Japan ($2.05M), and Italy ($1.75M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (1) and GENERAL MOTORS LLC (1) were at the forefront of shipping Eyewear Frames from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Eyewear Frames exports accounted up to $6.09M and imports accounted up to $6.4M, resulting in a negative trade balance of $318k. Between March 2023 and March 2024 the exports of South Korea's Eyewear Frames have decreased by $-914k (-13.1%) from $7M to $6.09M, while imports decreased by $-1.75M (-21.4%) from $8.15M to $6.4M.

Destinations In March 2024, Eyewear Frames were exported mostly to Japan ($1.78M), United States ($1.02M), China ($374k), Germany ($316k), and Canada ($276k), and were imported mostly from China ($2.57M), Japan ($1.69M), Denmark ($820k), Italy ($502k), and Germany ($490k).

Growth In March 2024, the decrease in Eyewear Frames's year-by-year exports was explained primarily by a decrease in exports to United States ($-576k or -39.4%), France ($-340k or -56.2%), and Thailand ($-191k or -65.6%). In March 2024, the decrease in Eyewear Frames's year-by-year imports was explained primarily by a decrease in imports from China ($-817k or -12.3%), Belgium ($-50k or -67.6%), and Japan ($-44k or -3.51%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-914k(-13.1%)

IMPORT GROWTH (March 2023 - March 2024)$-1.75M(-21.4%)

MAIN DESTINATION (March 2024)Japan$1.78M

This section shows Eyewear Frames'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 Eyewear Frames over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$89M

IMPORTS (2022)$74.5M

NET TRADE (2022)$14.6M

In 2022, South Korea exported $89M in Eyewear Frames. The main destinations of South Korea exports on Eyewear Frames were Japan ($26.9M), United States ($12.4M), China ($5.43M), Germany ($4.99M), and Vietnam ($4.58M).

In 2022, South Korea imported $74.5M in Eyewear Frames, mainly from China ($33M), Japan ($14.6M), Denmark ($11.2M), Italy ($5.09M), and Germany ($3.54M).

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