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2022
Exports $6.4MWorld Rnk 60 / 190
Flag Rnk 792 / 1204
2022
Destination $235k Indonesia
2021 - 2022
FASTEST GROWING MARKET $235kFrance
2022
PRODUCT COMPLEXITY IN Knit Men's Undergarments-1.37Rnk 926 / 1025
2022
Imports $196MWorld Rnk 11 / 217
Flag Rnk 366 / 1213
2022
Origin $8.35M China
2021 - 2022
FASTEST GROWING ORIGIN $8.35MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.4M in Knit Men's Undergarments, making it the 60th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 792nd most exported product in South Korea. The main destination of Knit Men's Undergarments exports from South Korea are: Indonesia ($2.93M), United States ($1.07M), China ($528k), Chinese Taipei ($326k), and France ($237k).

The fastest growing export markets for Knit Men's Undergarments of South Korea between 2021 and 2022 were France ($235k), Malaysia ($98.3k), and Iraq ($48.7k).

Imports In 2022, South Korea imported $196M in Knit Men's Undergarments, becoming the 11th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 366th most imported product in South Korea. South Korea imports Knit Men's Undergarments primarily from: China ($104M), Vietnam ($41.5M), Indonesia ($13.3M), Bangladesh ($9.2M), and Cambodia ($6.16M).

The fastest growing import markets in Knit Men's Undergarments for South Korea between 2021 and 2022 were China ($8.35M), Bangladesh ($2.49M), and Indonesia ($2.15M).

COMPANIES In 2023, leading companies such as Gildan Activewear (1) and Michael Kors (1) were at the forefront of shipping Knit Men's Undergarments from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Knit Men's Undergarments exports accounted up to $211k and imports accounted up to $11.8M, resulting in a negative trade balance of $11.6M. Between November 2023 and November 2024 the exports of South Korea's   Knit Men's Undergarments have increased by $29k (15.9%) from $182k to $211k, while imports increased by $2.71M (29.7%) from $9.11M to $11.8M.

Destinations In November 2024, Knit Men's Undergarments were exported mostly to China ($63k), United States ($40k), Hong Kong ($33k), Chinese Taipei ($24k), and Kuwait ($21k), and were imported mostly from China ($5.86M), Vietnam ($4.24M), Philippines ($553k), Indonesia ($419k), and Bangladesh ($287k).

Growth In November 2024, the increase in Knit Men's Undergarments's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($19k or 90.5%) and Norway ($1k or 33.3%). In November 2024, the increase in Knit Men's Undergarments's year-by-year imports was explained primarily by an increase in imports from Vietnam ($2.4M or 69.8%), Burma ($508k or 513%), and Indonesia ($445k or 58.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$29k(15.9%)
IMPORT GROWTH (November 2023 - November 2024)$2.71M(29.7%)
MAIN DESTINATION (November 2024)China$63k

This section shows Knit Men's Undergarments'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 Men's Undergarments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.4M
IMPORTS (2022)$196M
NET TRADE (2022)-$190M

In 2022, South Korea exported $6.4M in Knit Men's Undergarments. The main destinations of South Korea exports on Knit Men's Undergarments were Indonesia ($2.93M), United States ($1.07M), China ($528k), Chinese Taipei ($326k), and France ($237k).

In 2022, South Korea imported $196M in Knit Men's Undergarments, mainly from China ($104M), Vietnam ($41.5M), Indonesia ($13.3M), Bangladesh ($9.2M), and Cambodia ($6.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
France$235k (13.4k%)
Malaysia$98.3k (1.16k%)
Iraq$48.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY South Korea WERE (2021 - 2022):
China-$1.47M (-73.6%)
United States-$338k (-24%)
Japan-$219k (-50.8%)
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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 Men's Undergarments were:
China $3.23B
Bangladesh $1.2B
Vietnam $715M
In 2022, South Korea's main importing competitors in Knit Men's Undergarments were:
United States $2.31B
Germany $772M
United Kingdom $503M

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04M
TOP IMPORT POTENTIALChina+ $18.4M

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $1.04M.   Knit Men's Undergarments’s highest import potential is China with an import gap of $18.4M.

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