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2022
Exports $104MWorld Rnk 8 / 185
Flag Rnk 369 / 1204
2022
Destination $2.13M United States
2021 - 2022
FASTEST GROWING MARKET $2.13MUnited States
2022
PRODUCT COMPLEXITY IN Knit Gloves-0.99Rnk 839 / 1025
2022
Imports $252MWorld Rnk 5 / 218
Flag Rnk 304 / 1213
2022
Origin $43.3M China
2021 - 2022
FASTEST GROWING ORIGIN $43.3MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $104M in Knit Gloves, making it the 8th largest exporter of Knit Gloves in the world. At the same year, Knit Gloves was the 369th most exported product in South Korea. The main destination of Knit Gloves exports from South Korea are: United States ($27.8M), Germany ($11.5M), France ($10.3M), Belgium ($6.98M), and Japan ($5.83M).

The fastest growing export markets for Knit Gloves of South Korea between 2021 and 2022 were United States ($2.13M), Chinese Taipei ($908k), and Vietnam ($790k).

Imports In 2022, South Korea imported $252M in Knit Gloves, becoming the 5th largest importer of Knit Gloves in the world. At the same year, Knit Gloves was the 304th most imported product in South Korea. South Korea imports Knit Gloves primarily from: China ($159M), Vietnam ($75.2M), Indonesia ($8.53M), Bangladesh ($1.66M), and Cambodia ($1.1M).

The fastest growing import markets in Knit Gloves for South Korea between 2021 and 2022 were China ($43.3M), Vietnam ($4.32M), and Indonesia ($1.75M).

COMPANIES In 2023, leading companies such as ES Houseware (1) were at the forefront of shipping Knit Gloves from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Knit Gloves exports accounted up to $4.39M and imports accounted up to $17.7M, resulting in a negative trade balance of $13.3M. Between November 2023 and November 2024 the exports of South Korea's   Knit Gloves have decreased by $-1.98M (-31.1%) from $6.37M to $4.39M, while imports decreased by $-619k (-3.37%) from $18.3M to $17.7M.

Destinations In November 2024, Knit Gloves were exported mostly to United States ($601k), France ($555k), Germany ($435k), Japan ($422k), and China ($311k), and were imported mostly from China ($10.6M), Vietnam ($5.97M), Indonesia ($602k), Bangladesh ($142k), and Sri Lanka ($86k).

Growth In November 2024, the decrease in Knit Gloves's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.77M or -56.5%), Finland ($-363k or -81%), and Belgium ($-256k or -28.9%). In November 2024, the decrease in Knit Gloves's year-by-year imports was explained primarily by a decrease in imports from China ($-1.65M or -19%), Vietnam ($-462k or -6.99%), and Malaysia ($-88k or -83.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.98M(-31.1%)
IMPORT GROWTH (November 2023 - November 2024)$-619k(-3.37%)
MAIN DESTINATION (November 2024)United States$601k

This section shows Knit Gloves'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 Gloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$104M
IMPORTS (2022)$252M
NET TRADE (2022)-$149M

In 2022, South Korea exported $104M in Knit Gloves. The main destinations of South Korea exports on Knit Gloves were United States ($27.8M), Germany ($11.5M), France ($10.3M), Belgium ($6.98M), and Japan ($5.83M).

In 2022, South Korea imported $252M in Knit Gloves, mainly from China ($159M), Vietnam ($75.2M), Indonesia ($8.53M), Bangladesh ($1.66M), and Cambodia ($1.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Gloves EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$2.13M (8.32%)
Chinese Taipei$908k (33.2%)
Vietnam$790k (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Gloves BY South Korea WERE (2021 - 2022):
Belgium-$4.34M (-38.4%)
Brazil-$790k (-50.3%)
Turkey-$707k (-26.1%)
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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 Gloves were:
China $3.35B
Sri Lanka $406M
Vietnam $377M
In 2022, South Korea's main importing competitors in Knit Gloves were:
United States $1.23B
Germany $491M
Japan $473M

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Trade Value of Knit Gloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.74M
TOP IMPORT POTENTIALChina+ $19.5M

Knit Gloves’s highest export potential is United States. With an export gap of $2.74M.   Knit Gloves’s highest import potential is China with an import gap of $19.5M.

See methodology.

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