Wadding, felt, nonwovens, twin, ropes, & articles thereof in South Korea

About

Exports In 2022, South Korea exported $747M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, making it the 8th largest exporter of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 48th most exported product in South Korea. The main destination of Wadding, felt, nonwovens, twin, ropes, & articles thereof exports from South Korea are: United States ($117M), Vietnam ($78.8M), Japan ($77.6M), China ($77.4M), and Indonesia ($42.7M).

The fastest growing export markets for Wadding, felt, nonwovens, twin, ropes, & articles thereof of South Korea between 2021 and 2022 were United Arab Emirates ($12.5M), Thailand ($9.06M), and United States ($6.98M).

Imports In 2022, South Korea imported $773M in Wadding, felt, nonwovens, twin, ropes, & articles thereof, becoming the 13th largest importer of Wadding, felt, nonwovens, twin, ropes, & articles thereof in the world. At the same year, Wadding, felt, nonwovens, twin, ropes, & articles thereof was the 65th most imported product in South Korea. South Korea imports Wadding, felt, nonwovens, twin, ropes, & articles thereof primarily from: China ($485M), Japan ($71.7M), Vietnam ($50.1M), United States ($34.1M), and Thailand ($26.4M).

The fastest growing import markets in Wadding, felt, nonwovens, twin, ropes, & articles thereof for South Korea between 2021 and 2022 were Vietnam ($5.68M), United Kingdom ($2.08M), and Lithuania ($1.97M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (178), SIGNIFY NORTH AMERICA CORPORATION (60), and MICHAEL KORS (USA), INC. (28) were at the forefront of shipping Wadding, felt, nonwovens, twin, ropes, & articles thereof from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Wadding, felt, nonwovens, twin, ropes, & articles thereof exports accounted up to $62.8M and imports accounted up to $47M, resulting in a positive trade balance of $15.7M. Between February 2023 and February 2024 the exports of South Korea's Wadding, felt, nonwovens, twin, ropes, & articles thereof have increased by $994k (1.61%) from $61.8M to $62.8M, while imports decreased by $-4.32M (-8.41%) from $51.4M to $47M.

Destinations In February 2024, Wadding, felt, nonwovens, twin, ropes, & articles thereof were exported mostly to United States ($8.46M), Indonesia ($6.78M), Vietnam ($6.64M), China ($6.38M), and Japan ($4.35M), and were imported mostly from China ($27.7M), Japan ($5.14M), Vietnam ($3.37M), United States ($3.22M), and Thailand ($1.42M).

Growth In February 2024, the increase in Wadding, felt, nonwovens, twin, ropes, & articles thereof's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates ($916k or 65.1%), Hong Kong ($439k or 157%), and Ukraine ($373k or 67.6%). In February 2024, the decrease in Wadding, felt, nonwovens, twin, ropes, & articles thereof's year-by-year imports was explained primarily by a decrease in imports from China ($-11.1M or -24.7%), Thailand ($-758k or -32.5%), and Vietnam ($-609k or -13.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$994k(1.61%)

IMPORT GROWTH (February 2023 - February 2024)$-4.32M(-8.41%)

MAIN DESTINATION (February 2024)United States$8.46M

This section shows Wadding, felt, nonwovens, twin, ropes, & articles thereof'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 Wadding, felt, nonwovens, twin, ropes, & articles thereof over time.

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