Footwear in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $442M in Footwear, making it the 36th largest exporter of Footwear in the world. At the same year, Footwear was the 55th most exported product in South Korea. The main destination of Footwear exports from South Korea are: China ($112M), Vietnam ($76.9M), United States ($67.6M), Indonesia ($34.4M), and Japan ($28.3M).

The fastest growing export markets for Footwear of South Korea between 2021 and 2022 were Vietnam ($9.42M), Italy ($6.94M), and Hong Kong ($3.26M).

Imports In 2022, South Korea imported $3.43B in Footwear, becoming the 12th largest importer of Footwear in the world. At the same year, Footwear was the 25th most imported product in South Korea. South Korea imports Footwear primarily from: China ($1.44B), Vietnam ($857M), Italy ($358M), Indonesia ($355M), and Cambodia ($70.6M).

The fastest growing import markets in Footwear for South Korea between 2021 and 2022 were China ($226M), Vietnam ($167M), and Indonesia ($117M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (1.47k), COSTCO WHOLESALE COPRORATION (290), and CONTINENTAL MATERIALS INC. (24) were at the forefront of shipping Footwear from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Footwear exports accounted up to $27.9M and imports accounted up to $296M, resulting in a negative trade balance of $268M. Between February 2023 and February 2024 the exports of South Korea's Footwear have decreased by $-9.51M (-25.4%) from $37.4M to $27.9M, while imports decreased by $-19.1M (-6.07%) from $315M to $296M.

Destinations In February 2024, Footwear were exported mostly to China ($7.89M), United States ($5.13M), Vietnam ($4.28M), Japan ($3.11M), and Indonesia ($1.38M), and were imported mostly from Vietnam ($102M), China ($83.9M), Indonesia ($46.6M), Italy ($36.1M), and Cambodia ($9.69M).

Growth In February 2024, the decrease in Footwear's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-2.25M or -57.1%), China ($-2.14M or -22.7%), and United States ($-1.85M or -35.9%). In February 2024, the decrease in Footwear's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-5.9M or -11.4%), Philippines ($-1.5M or -75.6%), and Brazil ($-985k or -86.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-9.51M(-25.4%)

IMPORT GROWTH (February 2023 - February 2024)$-19.1M(-6.07%)

MAIN DESTINATION (February 2024)China$7.89M

This section shows Footwear'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 Footwear over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$442M

IMPORTS (2022)$3.43B

NET TRADE (2022)-$2.99B

In 2022, South Korea exported $442M in Footwear. The main destinations of South Korea exports on Footwear were China ($112M), Vietnam ($76.9M), United States ($67.6M), Indonesia ($34.4M), and Japan ($28.3M).

In 2022, South Korea imported $3.43B in Footwear, mainly from China ($1.44B), Vietnam ($857M), Italy ($358M), Indonesia ($355M), and Cambodia ($70.6M).

Explore Visualizations