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2022
Exports $1.04BWorld Rnk 4 / 158
Flag Rnk 96 / 1204
2022
Destination $12.2M United States
2021 - 2022
FASTEST GROWING MARKET $12.2MItaly
2022
PRODUCT COMPLEXITY IN Non-Retail Synthetic Filament Yarn0.016Rnk 540 / 1025
2022
Imports $848MWorld Rnk 7 / 210
Flag Rnk 131 / 1213
2022
Origin $26.2M China
2021 - 2022
FASTEST GROWING ORIGIN $26.2MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.04B in Non-Retail Synthetic Filament Yarn, making it the 4th largest exporter of Non-Retail Synthetic Filament Yarn in the world. At the same year, Non-Retail Synthetic Filament Yarn was the 96th most exported product in South Korea. The main destination of Non-Retail Synthetic Filament Yarn exports from South Korea are: United States ($195M), Turkey ($169M), China ($115M), Vietnam ($55.9M), and Italy ($53.4M).

The fastest growing export markets for Non-Retail Synthetic Filament Yarn of South Korea between 2021 and 2022 were Italy ($12.2M), United States ($7.24M), and Romania ($3.94M).

Imports In 2022, South Korea imported $848M in Non-Retail Synthetic Filament Yarn, becoming the 7th largest importer of Non-Retail Synthetic Filament Yarn in the world. At the same year, Non-Retail Synthetic Filament Yarn was the 131st most imported product in South Korea. South Korea imports Non-Retail Synthetic Filament Yarn primarily from: China ($504M), Vietnam ($143M), Japan ($56.9M), Chinese Taipei ($26.6M), and United States ($21.1M).

The fastest growing import markets in Non-Retail Synthetic Filament Yarn for South Korea between 2021 and 2022 were China ($26.2M), France ($8.48M), and United States ($7.82M).

COMPANIES In 2023, leading companies such as Hyosung (28), General Motors (3), and Samsung (2) were at the forefront of shipping Non-Retail Synthetic Filament Yarn from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Non-Retail Synthetic Filament Yarn exports accounted up to $52.8M and imports accounted up to $67.8M, resulting in a negative trade balance of $15M. Between July 2023 and July 2024 the exports of South Korea's   Non-Retail Synthetic Filament Yarn have decreased by $-4.95M (-8.56%) from $57.8M to $52.8M, while imports increased by $6.55M (10.7%) from $61.3M to $67.8M.

Destinations In July 2024, Non-Retail Synthetic Filament Yarn were exported mostly to United States ($9.88M), China ($5.99M), Turkey ($5.88M), India ($3.94M), and Vietnam ($3.43M), and were imported mostly from China ($45.3M), Vietnam ($12M), India ($2.74M), United States ($2.01M), and Japan ($1.74M).

Growth In July 2024, the decrease in Non-Retail Synthetic Filament Yarn's year-by-year exports was explained primarily by a decrease in exports to United States ($-8.29M or -48.2%), Turkey ($-6.33M or -34.1%), and China ($-3.06M or -34.9%). In July 2024, the increase in Non-Retail Synthetic Filament Yarn's year-by-year imports was explained primarily by an increase in imports from Canada ($1.77M or 403%), France ($1.69M or 2.41k%), and Germany ($1.23M or 1.25k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-4.95M(-8.56%)
IMPORT GROWTH (July 2023 - July 2024)$6.55M(10.7%)
MAIN DESTINATION (July 2024)United States$9.88M

This section shows Non-Retail Synthetic Filament Yarn'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 Non-Retail Synthetic Filament Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.04B
IMPORTS (2022)$848M
NET TRADE (2022)$189M

In 2022, South Korea exported $1.04B in Non-Retail Synthetic Filament Yarn. The main destinations of South Korea exports on Non-Retail Synthetic Filament Yarn were United States ($195M), Turkey ($169M), China ($115M), Vietnam ($55.9M), and Italy ($53.4M).

In 2022, South Korea imported $848M in Non-Retail Synthetic Filament Yarn, mainly from China ($504M), Vietnam ($143M), Japan ($56.9M), Chinese Taipei ($26.6M), and United States ($21.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Synthetic Filament Yarn EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$12.2M (29.8%)
United States$7.24M (3.87%)
Romania$3.94M (25.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Synthetic Filament Yarn BY South Korea WERE (2021 - 2022):
Turkey-$28.4M (-14.4%)
China-$27.4M (-19.2%)
Hong Kong-$18M (-72.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Non-Retail Synthetic Filament Yarn were:
China $8.27B
India $1.18B
Vietnam $1.08B
In 2022, South Korea's main importing competitors in Non-Retail Synthetic Filament Yarn were:
Turkey $1.69B
United States $1.31B
Vietnam $1.22B

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Trade Value of Non-Retail Synthetic Filament Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $36.2M
TOP IMPORT POTENTIALChina+ $47.3M

Non-Retail Synthetic Filament Yarn’s highest export potential is China. With an export gap of $36.2M.   Non-Retail Synthetic Filament Yarn’s highest import potential is China with an import gap of $47.3M.

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