Perfume Plants in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $94.7M in Perfume Plants, making it the 9th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 383rd most exported product in South Korea. The main destination of Perfume Plants exports from South Korea are: China ($51.8M), Hong Kong ($12M), Chinese Taipei ($11.8M), Japan ($9.43M), and United States ($3.5M).

The fastest growing export markets for Perfume Plants of South Korea between 2021 and 2022 were China ($4.46M), Chinese Taipei ($3.98M), and Japan ($3.5M).

Imports In 2022, South Korea imported $144M in Perfume Plants, becoming the 7th largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 434th most imported product in South Korea. South Korea imports Perfume Plants primarily from: China ($112M), India ($11.3M), Indonesia ($3.42M), Burma ($1.76M), and Uzbekistan ($1.68M).

The fastest growing import markets in Perfume Plants for South Korea between 2021 and 2022 were China ($4.54M), India ($3M), and Indonesia ($1.61M).

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Perfume Plants exports accounted up to $5.06M and imports accounted up to $9.05M, resulting in a negative trade balance of $3.99M. Between March 2023 and March 2024 the exports of South Korea's Perfume Plants have decreased by $-7.9M (-60.9%) from $13M to $5.06M, while imports decreased by $-1.9M (-17.3%) from $10.9M to $9.05M.

Destinations In March 2024, Perfume Plants were exported mostly to China ($2.49M), Hong Kong ($1.09M), Chinese Taipei ($517k), Japan ($469k), and United States ($162k), and were imported mostly from China ($6.42M), India ($451k), Indonesia ($310k), Pakistan ($222k), and Madagascar ($214k).

Growth In March 2024, the decrease in Perfume Plants's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-674k or -69.3%), Chinese Taipei ($-300k or -44.2%), and United States ($-119k or -36%). In March 2024, the decrease in Perfume Plants's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-180k or -70.3%), Uzbekistan ($-137k or -34.4%), and Germany ($-114k or -78.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-7.9M(-60.9%)

IMPORT GROWTH (March 2023 - March 2024)$-1.9M(-17.3%)

MAIN DESTINATION (March 2024)China$2.49M

This section shows Perfume Plants'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 Perfume Plants over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$94.7M

IMPORTS (2022)$144M

NET TRADE (2022)-$49.2M

In 2022, South Korea exported $94.7M in Perfume Plants. The main destinations of South Korea exports on Perfume Plants were China ($51.8M), Hong Kong ($12M), Chinese Taipei ($11.8M), Japan ($9.43M), and United States ($3.5M).

In 2022, South Korea imported $144M in Perfume Plants, mainly from China ($112M), India ($11.3M), Indonesia ($3.42M), Burma ($1.76M), and Uzbekistan ($1.68M).

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