Eyewear in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $70.2M in Eyewear, making it the 15th largest exporter of Eyewear in the world. At the same year, Eyewear was the 428th most exported product in South Korea. The main destination of Eyewear exports from South Korea are: China ($34.9M), United States ($11.2M), Hong Kong ($4.34M), France ($2.66M), and Singapore ($2.44M).

The fastest growing export markets for Eyewear of South Korea between 2021 and 2022 were Singapore ($2.18M), United States ($1.55M), and Australia ($709k).

Imports In 2022, South Korea imported $121M in Eyewear, becoming the 23rd largest importer of Eyewear in the world. At the same year, Eyewear was the 468th most imported product in South Korea. South Korea imports Eyewear primarily from: China ($64.6M), Italy ($30.8M), Japan ($7.03M), United States ($4.44M), and Chinese Taipei ($4.18M).

The fastest growing import markets in Eyewear for South Korea between 2021 and 2022 were Italy ($9M), Japan ($4.67M), and China ($4.65M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS USA (1) were at the forefront of shipping Eyewear from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Eyewear exports accounted up to $11.3M and imports accounted up to $22M, resulting in a negative trade balance of $10.7M. Between March 2023 and March 2024 the exports of South Korea's Eyewear have increased by $5.09M (82%) from $6.21M to $11.3M, while imports increased by $1.44M (7.03%) from $20.5M to $22M.

Destinations In March 2024, Eyewear were exported mostly to China ($4.31M), United States ($1.59M), Japan ($1.08M), Thailand ($513k), and United Arab Emirates ($509k), and were imported mostly from Italy ($9.95M), China ($7.75M), United States ($1.86M), Japan ($1.1M), and Chinese Taipei ($717k).

Growth In March 2024, the increase in Eyewear's year-by-year exports was explained primarily by an increase in exports to United States ($547k or 72%), United Arab Emirates ($409k or 465%), and Japan ($224k or 204%). In March 2024, the increase in Eyewear's year-by-year imports was explained primarily by an increase in imports from United States ($159k or 18.6%), France ($85k or 654%), and Germany ($54k or 129%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$5.09M(82%)

IMPORT GROWTH (March 2023 - March 2024)$1.44M(7.03%)

MAIN DESTINATION (March 2024)China$4.31M

This section shows Eyewear'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 over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$70.2M

IMPORTS (2022)$121M

NET TRADE (2022)-$50.4M

In 2022, South Korea exported $70.2M in Eyewear. The main destinations of South Korea exports on Eyewear were China ($34.9M), United States ($11.2M), Hong Kong ($4.34M), France ($2.66M), and Singapore ($2.44M).

In 2022, South Korea imported $121M in Eyewear, mainly from China ($64.6M), Italy ($30.8M), Japan ($7.03M), United States ($4.44M), and Chinese Taipei ($4.18M).

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