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2022
Exports $60MWorld Rnk 6 / 79
Flag Rnk 458 / 1204
2022
Destination $4.64M Turkey
2021 - 2022
FASTEST GROWING MARKET $4.64MIndonesia
2022
PRODUCT COMPLEXITY IN Artificial Filament Tow1.12Rnk 127 / 1025
2022
Imports $51.4MWorld Rnk 10 / 146
Flag Rnk 664 / 1213
2022
Origin $7.18M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.18MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $60M in Artificial Filament Tow, making it the 6th largest exporter of Artificial Filament Tow in the world. At the same year, Artificial Filament Tow was the 458th most exported product in South Korea. The main destination of Artificial Filament Tow exports from South Korea are: Turkey ($21.5M), Indonesia ($11.9M), China ($9.44M), Vietnam ($8.61M), and Nigeria ($5.61M).

The fastest growing export markets for Artificial Filament Tow of South Korea between 2021 and 2022 were Indonesia ($4.64M), Vietnam ($2.81M), and Thailand ($2.25M).

Imports In 2022, South Korea imported $51.4M in Artificial Filament Tow, becoming the 10th largest importer of Artificial Filament Tow in the world. At the same year, Artificial Filament Tow was the 664th most imported product in South Korea. South Korea imports Artificial Filament Tow primarily from: United States ($32.7M), Japan ($7.38M), Germany ($5.8M), Belgium ($4.88M), and China ($273k).

The fastest growing import markets in Artificial Filament Tow for South Korea between 2021 and 2022 were United States ($7.18M), Belgium ($3.74M), and Japan ($1.3M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Artificial Filament Tow exports accounted up to $10.3M and imports accounted up to $9.07M, resulting in a positive trade balance of $1.2M. Between July 2023 and July 2024 the exports of South Korea's   Artificial Filament Tow have increased by $3.26M (46.4%) from $7.02M to $10.3M, while imports decreased by $-2.21M (-19.6%) from $11.3M to $9.07M.

Destinations In July 2024, Artificial Filament Tow were exported mostly to Turkey ($3.59M), Indonesia ($3.09M), China ($2.04M), Singapore ($849k), and Thailand ($712k), and were imported mostly from Japan ($4.43M), United States ($4.02M), Germany ($432k), Netherlands ($174k), and Belgium ($18k).

Growth In July 2024, the increase in Artificial Filament Tow's year-by-year exports was explained primarily by an increase in exports to Indonesia ($237k or 31.4%). In July 2024, the decrease in Artificial Filament Tow's year-by-year imports was explained primarily by a decrease in imports from Germany ($-576k or -100%) and China ($-26k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.26M(46.4%)
IMPORT GROWTH (July 2023 - July 2024)$-2.21M(-19.6%)
MAIN DESTINATION (July 2024)Turkey$3.59M

This section shows Artificial Filament Tow'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 Artificial Filament Tow over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$60M
IMPORTS (2022)$51.4M
NET TRADE (2022)$8.63M

In 2022, South Korea exported $60M in Artificial Filament Tow. The main destinations of South Korea exports on Artificial Filament Tow were Turkey ($21.5M), Indonesia ($11.9M), China ($9.44M), Vietnam ($8.61M), and Nigeria ($5.61M).

In 2022, South Korea imported $51.4M in Artificial Filament Tow, mainly from United States ($32.7M), Japan ($7.38M), Germany ($5.8M), Belgium ($4.88M), and China ($273k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Filament Tow EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$4.64M (63.6%)
Vietnam$2.81M (48.3%)
Thailand$2.25M (813%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Filament Tow BY South Korea WERE (2021 - 2022):
China-$14.1M (-59.8%)
Nigeria-$609k (-9.79%)
India-$358k (-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 Artificial Filament Tow were:
United States $621M
Japan $481M
Germany $324M
In 2022, South Korea's main importing competitors in Artificial Filament Tow were:
Indonesia $219M
Turkey $130M
United Arab Emirates $128M

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Trade Value of Artificial Filament Tow by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.25M
TOP IMPORT POTENTIALGermany+ $777k

Artificial Filament Tow’s highest export potential is China. With an export gap of $1.25M.   Artificial Filament Tow’s highest import potential is Germany with an import gap of $777k.

See methodology.

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