Man-made filaments in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $2.62B in Man-made filaments, making it the 3rd largest exporter of Man-made filaments in the world. At the same year, Man-made filaments was the 20th most exported product in South Korea. The main destination of Man-made filaments exports from South Korea are: Vietnam ($471M), China ($281M), United States ($259M), Turkey ($247M), and Indonesia ($127M).

The fastest growing export markets for Man-made filaments of South Korea between 2021 and 2022 were Vietnam ($27.6M), Saudi Arabia ($26.1M), and Italy ($21.2M).

Imports In 2022, South Korea imported $1.26B in Man-made filaments, becoming the 13th largest importer of Man-made filaments in the world. At the same year, Man-made filaments was the 51st most imported product in South Korea. South Korea imports Man-made filaments primarily from: China ($762M), Vietnam ($163M), Japan ($91.9M), United States ($78.3M), and Chinese Taipei ($28.6M).

The fastest growing import markets in Man-made filaments for South Korea between 2021 and 2022 were China ($85.2M), United States ($24.1M), and France ($8.44M).

COMPANIES In 2023, leading companies such as HYOSUNG USA, INC. (980), LG ELECTRONICS U.S.A. INC. (890), and SAMSUNG ELECTRONICS AMERICA (196) were at the forefront of shipping Man-made filaments from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Man-made filaments exports accounted up to $161M and imports accounted up to $74M, resulting in a positive trade balance of $86.7M. Between February 2023 and February 2024 the exports of South Korea's Man-made filaments have decreased by $-27.1M (-14.5%) from $188M to $161M, while imports decreased by $-6.48M (-8.05%) from $80.4M to $74M.

Destinations In February 2024, Man-made filaments were exported mostly to Vietnam ($28.3M), China ($17.4M), United States ($13.5M), Turkey ($12.4M), and United Arab Emirates ($8.49M), and were imported mostly from China ($41M), Vietnam ($11.7M), United States ($9.68M), Japan ($3.8M), and India ($1.94M).

Growth In February 2024, the decrease in Man-made filaments's year-by-year exports was explained primarily by a decrease in exports to United States ($-11.4M or -47.4%), Vietnam ($-9.3M or -26.4%), and Turkey ($-5.72M or -21.5%). In February 2024, the decrease in Man-made filaments's year-by-year imports was explained primarily by a decrease in imports from China ($-18.2M or -26.2%), Chinese Taipei ($-909k or -31.3%), and United States ($-887k or -16%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-27.1M(-14.5%)

IMPORT GROWTH (February 2023 - February 2024)$-6.48M(-8.05%)

MAIN DESTINATION (February 2024)Vietnam$28.3M

This section shows Man-made filaments'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 Man-made filaments over time.

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