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2022
Exports $5.98MWorld Rnk 51 / 197
Flag Rnk 801 / 1204
2022
Destination $257k United States
2021 - 2022
FASTEST GROWING MARKET $257kMexico
2022
PRODUCT COMPLEXITY IN Knit Babies' Garments-1.54Rnk 952 / 1025
2022
Imports $64.5MWorld Rnk 30 / 216
Flag Rnk 618 / 1213
2022
Origin $5.98M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $5.98MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.98M in Knit Babies' Garments, making it the 51st largest exporter of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 801st most exported product in South Korea. The main destination of Knit Babies' Garments exports from South Korea are: United States ($1.68M), China ($848k), Sweden ($359k), Mexico ($283k), and Chinese Taipei ($241k).

The fastest growing export markets for Knit Babies' Garments of South Korea between 2021 and 2022 were Mexico ($257k), Mongolia ($156k), and Romania ($148k).

Imports In 2022, South Korea imported $64.5M in Knit Babies' Garments, becoming the 30th largest importer of Knit Babies' Garments in the world. At the same year, Knit Babies' Garments was the 618th most imported product in South Korea. South Korea imports Knit Babies' Garments primarily from: Vietnam ($21.8M), China ($16.7M), United Kingdom ($5.9M), Indonesia ($4.17M), and Italy ($3.72M).

The fastest growing import markets in Knit Babies' Garments for South Korea between 2021 and 2022 were Vietnam ($5.98M), China ($3.6M), and Indonesia ($2.65M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Knit Babies' Garments exports accounted up to $799k and imports accounted up to $4.53M, resulting in a negative trade balance of $3.74M. Between October 2023 and October 2024 the exports of South Korea's   Knit Babies' Garments have increased by $451k (130%) from $348k to $799k, while imports increased by $1.84M (68.1%) from $2.7M to $4.53M.

Destinations In October 2024, Knit Babies' Garments were exported mostly to China ($506k), Chinese Taipei ($73k), Hong Kong ($53k), United Arab Emirates ($43k), and Singapore ($42k), and were imported mostly from China ($1.78M), Vietnam ($1.68M), Bangladesh ($451k), Indonesia ($258k), and Burma ($89k).

Growth In October 2024, the increase in Knit Babies' Garments's year-by-year exports was explained primarily by an increase in exports to Japan ($1k or 9.09%). In October 2024, the increase in Knit Babies' Garments's year-by-year imports was explained primarily by an increase in imports from Vietnam ($292k or 13.4%), Morocco ($79k or 878%), and China ($72k or 5.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$451k(130%)
IMPORT GROWTH (October 2023 - October 2024)$1.84M(68.1%)
MAIN DESTINATION (October 2024)China$506k

This section shows Knit Babies' Garments'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 Knit Babies' Garments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.98M
IMPORTS (2022)$64.5M
NET TRADE (2022)-$58.6M

In 2022, South Korea exported $5.98M in Knit Babies' Garments. The main destinations of South Korea exports on Knit Babies' Garments were United States ($1.68M), China ($848k), Sweden ($359k), Mexico ($283k), and Chinese Taipei ($241k).

In 2022, South Korea imported $64.5M in Knit Babies' Garments, mainly from Vietnam ($21.8M), China ($16.7M), United Kingdom ($5.9M), Indonesia ($4.17M), and Italy ($3.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Babies' Garments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mexico$257k (978%)
Mongolia$156k (3.34k%)
Romania$148k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Babies' Garments BY South Korea WERE (2021 - 2022):
United Arab Emirates-$303k (-59.7%)
France-$249k (-93.1%)
United States-$211k (-11.1%)
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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 Knit Babies' Garments were:
China $2.45B
Bangladesh $1.29B
India $1.08B
In 2022, South Korea's main importing competitors in Knit Babies' Garments were:
United States $2.31B
Germany $759M
United Kingdom $629M

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Trade Value of Knit Babies' Garments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.21M
TOP IMPORT POTENTIALChina+ $10.4M

Knit Babies' Garments’s highest export potential is United States. With an export gap of $1.21M.   Knit Babies' Garments’s highest import potential is China with an import gap of $10.4M.

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