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2022
Exports $174kWorld Rnk 36 / 87
Flag Rnk 1096 / 1204
2022
Destination $30.1k Indonesia
2021 - 2022
FASTEST GROWING MARKET $30.1kChina
2022
PRODUCT COMPLEXITY IN Animal Hair-2.14Rnk 1005 / 1025
2022
Imports $1.7MWorld Rnk 14 / 102
Flag Rnk 1110 / 1213
2022
Origin $113k China
2021 - 2022
FASTEST GROWING ORIGIN $113kPeru
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $174k in Animal Hair, making it the 36th largest exporter of Animal Hair in the world. At the same year, Animal Hair was the 1096th most exported product in South Korea. The main destination of Animal Hair exports from South Korea are: Indonesia ($119k), China ($38.7k), Switzerland ($9.43k), Italy ($5.62k), and United Kingdom ($980).

The fastest growing export markets for Animal Hair of South Korea between 2021 and 2022 were China ($30.1k), Switzerland ($9.43k), and Italy ($5.62k).

Imports In 2022, South Korea imported $1.7M in Animal Hair, becoming the 14th largest importer of Animal Hair in the world. At the same year, Animal Hair was the 1110th most imported product in South Korea. South Korea imports Animal Hair primarily from: China ($1.57M), Peru ($113k), Italy ($10.4k), Netherlands ($827), and Japan ($277).

The fastest growing import markets in Animal Hair for South Korea between 2021 and 2022 were Peru ($113k), Italy ($10.4k), and Netherlands ($827).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Animal Hair exports accounted up to $101k and imports accounted up to $243k, resulting in a negative trade balance of $142k. Between July 2023 and July 2024 the exports of South Korea's   Animal Hair have increased by $101k (N/A%) from $0 to $101k, while imports increased by $69k (39.7%) from $174k to $243k.

Destinations In July 2024, Animal Hair were exported mostly to Indonesia ($101k), China ($0), and United Kingdom ($0), and were imported mostly from China ($232k), United Kingdom ($11k), and Indonesia ($0).

Growth In July 2024, the increase in Animal Hair's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Animal Hair's year-by-year imports was explained primarily by an increase in imports from China ($11k or 3.37%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$101k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$69k(39.7%)
MAIN DESTINATION (July 2024)Indonesia$101k

This section shows Animal Hair'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 Animal Hair over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$174k
IMPORTS (2022)$1.7M
NET TRADE (2022)-$1.52M

In 2022, South Korea exported $174k in Animal Hair. The main destinations of South Korea exports on Animal Hair were Indonesia ($119k), China ($38.7k), Switzerland ($9.43k), Italy ($5.62k), and United Kingdom ($980).

In 2022, South Korea imported $1.7M in Animal Hair, mainly from China ($1.57M), Peru ($113k), Italy ($10.4k), Netherlands ($827), and Japan ($277).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Hair EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$30.1k (349%)
Switzerland$9.43k (1%)
Italy$5.62k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Hair BY South Korea WERE (2021 - 2022):
Indonesia-$23.1k (-16.3%)
Vietnam-$180 (-100%)
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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 Animal Hair were:
Mongolia $430M
China $304M
United Kingdom $12.4M
In 2022, South Korea's main importing competitors in Animal Hair were:
Italy $373M
China $365M
South Africa $15.5M

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Trade Value of Animal Hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $70.9k
TOP IMPORT POTENTIALPeru+ $37.4k

Animal Hair’s highest export potential is China. With an export gap of $70.9k.   Animal Hair’s highest import potential is Peru with an import gap of $37.4k.

See methodology.

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