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2022
Exports $2.5MWorld Rnk 26 / 133
Flag Rnk 902 / 1204
2022
Destination $1.08M United States
2021 - 2022
FASTEST GROWING MARKET $1.08MUnited States
2022
PRODUCT COMPLEXITY IN Felt Carpets0.3Rnk 450 / 1025
2022
Imports $2.73MWorld Rnk 37 / 196
Flag Rnk 1077 / 1213
2022
Origin $416k China
2021 - 2022
FASTEST GROWING ORIGIN $416kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.5M in Felt Carpets, making it the 26th largest exporter of Felt Carpets in the world. At the same year, Felt Carpets was the 902nd most exported product in South Korea. The main destination of Felt Carpets exports from South Korea are: United States ($1.91M), Germany ($213k), India ($111k), United Kingdom ($46.7k), and Switzerland ($31.8k).

The fastest growing export markets for Felt Carpets of South Korea between 2021 and 2022 were United States ($1.08M), India ($56k), and United Kingdom ($46k).

Imports In 2022, South Korea imported $2.73M in Felt Carpets, becoming the 37th largest importer of Felt Carpets in the world. At the same year, Felt Carpets was the 1077th most imported product in South Korea. South Korea imports Felt Carpets primarily from: China ($2.03M), United States ($229k), Netherlands ($166k), Japan ($84.8k), and Italy ($59.4k).

The fastest growing import markets in Felt Carpets for South Korea between 2021 and 2022 were China ($416k), United States ($121k), and France ($36.9k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Felt Carpets exports accounted up to $572k and imports accounted up to $211k, resulting in a positive trade balance of $361k. Between July 2023 and July 2024 the exports of South Korea's   Felt Carpets have increased by $250k (77.6%) from $322k to $572k, while imports decreased by $-21k (-9.05%) from $232k to $211k.

Destinations In July 2024, Felt Carpets were exported mostly to United States ($551k), Belgium ($6k), Germany ($6k), China ($5k), and Pakistan ($3k), and were imported mostly from China ($86k), United States ($43k), Netherlands ($27k), Italy ($18k), and France ($16k).

Growth In July 2024, the increase in Felt Carpets's year-by-year exports was explained primarily by an increase in exports to United States ($71k or 203%). In July 2024, the decrease in Felt Carpets's year-by-year imports was explained primarily by a decrease in imports from United States ($-57k or -74%), Japan ($-9k or -90%), and Germany ($-8k or -42.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$250k(77.6%)
IMPORT GROWTH (July 2023 - July 2024)$-21k(-9.05%)
MAIN DESTINATION (July 2024)United States$551k

This section shows Felt Carpets'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 Felt Carpets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.5M
IMPORTS (2022)$2.73M
NET TRADE (2022)-$228k

In 2022, South Korea exported $2.5M in Felt Carpets. The main destinations of South Korea exports on Felt Carpets were United States ($1.91M), Germany ($213k), India ($111k), United Kingdom ($46.7k), and Switzerland ($31.8k).

In 2022, South Korea imported $2.73M in Felt Carpets, mainly from China ($2.03M), United States ($229k), Netherlands ($166k), Japan ($84.8k), and Italy ($59.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Felt Carpets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.08M (132%)
India$56k (102%)
United Kingdom$46k (6.61k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Felt Carpets BY South Korea WERE (2021 - 2022):
Indonesia-$84.6k (-100%)
Canada-$29.5k (-99.7%)
Vietnam-$24k (-97.5%)
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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 Felt Carpets were:
Belgium $128M
Netherlands $128M
China $49.3M
In 2022, South Korea's main importing competitors in Felt Carpets were:
Germany $121M
United States $61.5M
United Kingdom $44.5M

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Trade Value of Felt Carpets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $124k
TOP IMPORT POTENTIALNetherlands+ $115k

Felt Carpets’s highest export potential is Germany. With an export gap of $124k.   Felt Carpets’s highest import potential is Netherlands with an import gap of $115k.

See methodology.

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