Umbrellas, walking sticks, & whips in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $2.83M in Umbrellas, walking sticks, & whips, making it the 43rd largest exporter of Umbrellas, walking sticks, & whips in the world. At the same year, Umbrellas, walking sticks, & whips was the 93rd most exported product in South Korea. The main destination of Umbrellas, walking sticks, & whips exports from South Korea are: Japan ($875k), United States ($675k), China ($296k), Hong Kong ($290k), and Germany ($64.3k).

The fastest growing export markets for Umbrellas, walking sticks, & whips of South Korea between 2021 and 2022 were Japan ($193k), China ($93k), and Germany ($51.7k).

Imports In 2022, South Korea imported $214M in Umbrellas, walking sticks, & whips, becoming the 5th largest importer of Umbrellas, walking sticks, & whips in the world. At the same year, Umbrellas, walking sticks, & whips was the 83rd most imported product in South Korea. South Korea imports Umbrellas, walking sticks, & whips primarily from: China ($200M), Vietnam ($5.36M), Cambodia ($2.08M), Chinese Taipei ($1.9M), and Burma ($1.54M).

The fastest growing import markets in Umbrellas, walking sticks, & whips for South Korea between 2021 and 2022 were China ($55M), Cambodia ($989k), and France ($331k).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (68), Ford Motor Company (3), and ZF Friedrichshafen (2) were at the forefront of shipping Umbrellas, walking sticks, & whips from South Korea to the United States.

Latest Trends

July 2024

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Overview In July 2024 South Korea's Umbrellas, walking sticks, & whips exports accounted up to $326k and imports accounted up to $22.5M, resulting in a negative trade balance of $22.2M. Between July 2023 and July 2024 the exports of South Korea's Umbrellas, walking sticks, & whips have increased by $2k (0.62%) from $324k to $326k, while imports increased by $3.85M (20.6%) from $18.6M to $22.5M.

Destinations In July 2024, Umbrellas, walking sticks, & whips were exported mostly to Japan ($260k), Chinese Taipei ($13k), United States ($13k), Singapore ($8k), and Hong Kong ($7k), and were imported mostly from China ($20.3M), Vietnam ($528k), Cambodia ($512k), Chinese Taipei ($477k), and Czechia ($339k).

Growth In July 2024, the increase in Umbrellas, walking sticks, & whips's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($15k or 750%). In July 2024, the increase in Umbrellas, walking sticks, & whips's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($319k or 638%), Vietnam ($161k or 42.1%), and Italy ($12k or 1.2k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$2k(0.62%)

IMPORT GROWTH (July 2023 - July 2024)$3.85M(20.6%)

MAIN DESTINATION (July 2024)Japan$260k

This section shows Umbrellas, walking sticks, & whips'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 Umbrellas, walking sticks, & whips over time.

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