China's E-cigarette Export Data to South Korea in May 2024

Jun.26.2024

Chinese e-cigarette exports to South Korea in May 2024 reached $71.21 million, with a 63.3% year-on-year increase.

According to updated trade data from the General Administration of Customs, 2FIRSTS has compiled the e-cigarette export data from China to South Korea in May 2024. Specifically, the details are as follows:

Graphic: 2FIRSTS

The export volume is approximately 71.21 million US dollars, a decrease of 4.8% compared to the previous period, and an increase of 63.3% year-on-year.

Caption: 2FIRSTS has created the following graphic.

The export volume was approximately 2,863 tons, representing a decrease of 4.73% compared to the previous period and an increase of 53.20% year-on-year.

Map: 2FIRSTS

The export unit price is $24.87 per kilogram, remaining stable compared to the previous period and increasing by 6.6% year-on-year; the average price of "e-cigarettes and similar personal electronic vapor devices" is $58.2 per unit.

Mapping: 2FIRSTS

Among them, "e-cigarettes and similar personal electronic vaporization devices" account for 15.8% of the export categories, while "products containing nicotine that do not contain tobacco or reconstituted tobacco and are not intended for combustion use" account for 84.2%.

Mapping: 2FIRSTS

Also Read:

[1] China's E-cigarette Export Data to UK in May 2024

[2] 2FIRSTS Analysis: China's E-cigarette Export Data to the US in May 2024

[3] Chinese E-cigarette Exports Soar in May 2024, Reaching $1.09 Billion

#Asia #Open system e-cigarettes #China

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn

Notice

1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

Copyright

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

AI Assistance Disclaimer

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

U.S. Lawmakers Seek to Empower HHS to Destroy Counterfeit Chinese Tobacco Products

Bipartisan members of the U.S. Congress have introduced the “Ensuring the Necessary Destruction of Illicit Chinese Tobacco Act” (END Act), seeking to amend the Federal Food, Drug, and Cosmetic Act to authorize the Department of Health and Human Services (HHS) to directly destroy adulterated, misbranded, or counterfeit imported tobacco products.Major tobacco companies, including Altria, along with several public health organizations, have announced their support for the bill.

Nov.11 by 2FIRSTS.ai

BAT Malaysia Reports Q3 Results: Net Profit Plummets 89.5%, Stock Price Drops 15%

BAT Malaysia's Q3 results show a sharp 89.5% drop in net profit to RM7 million (approximately $150,000 USD), with revenue also falling to RM300 million (approximately $6.4 million USD). The company attributed the decline to new regulatory requirements, including pictorial health warnings and the retail display ban. Its stock dropped 15.25% to RM4.78 (approximately $1.02 USD).

Oct.31 by 2FIRSTS.ai

British American Tobacco’s Irish unit says VELO pouch sales hit 29m, net revenue climbs to €33.75m

British American Tobacco’s Irish subsidiary PJ Carroll & Co Ltd reported that sales of its Velo nicotine pouches nearly quintupled in 2024 to 29 million units, driving an 11% year-on-year increase in net revenue to €33.75 million. However, amid a heavy tax burden and declining traditional cigarette volumes, the company’s pre-tax profit fell 8% to €5.69 million.

Dec.01 by 2FIRSTS.ai

South Korea’s Parliament Reconsiders Bill to Regulate Synthetic Nicotine as Tobacco

South Korea’s National Assembly is once again reviewing a bill to classify synthetic nicotine as a tobacco product under the Tobacco Business Act. The proposal aims to close regulatory loopholes that allow untaxed, unregulated nicotine liquids — often used by minors — to circulate freely. Lawmakers expect the bill to pass during the current session amid growing public and civic pressure.