Overview In July 2024 South Korea's Warp knit fabrics (including those made on galloon knitting machines) exports accounted up to $32.3M and imports accounted up to $2.16M, resulting in a positive trade balance of $30.1M. Between July 2023 and July 2024 the exports of South Korea's Warp knit fabrics (including those made on galloon knitting machines) have increased by $8.03M (33.1%) from $24.2M to $32.3M, while imports increased by $321k (17.5%) from $1.84M to $2.16M.
Destinations In July 2024, Warp knit fabrics (including those made on galloon knitting machines) were exported mostly to Vietnam ($9.97M), United States ($5.12M), Indonesia ($4.37M), China ($2.98M), and Hong Kong ($1.48M), and were imported mostly from China ($1.5M), Vietnam ($217k), Sweden ($217k), Japan ($118k), and Germany ($57k).
Growth In July 2024, the increase in Warp knit fabrics (including those made on galloon knitting machines)'s year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($215k or 39.2%), Jordan ($199k or 369%), and Canada ($162k or 128%). In July 2024, the increase in Warp knit fabrics (including those made on galloon knitting machines)'s year-by-year imports was explained primarily by an increase in imports from Japan ($74k or 55.2%), Italy ($39k or 3.9k%), and Spain ($1k or 2.56%).