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2022
Exports $8.03MWorld Rnk 44 / 185
Flag Rnk 760 / 1204
2022
Destination $135k China
2021 - 2022
FASTEST GROWING MARKET $135kChinese Taipei
2022
PRODUCT COMPLEXITY IN Knit Women's Coats-1.09Rnk 853 / 1025
2022
Imports $82.2MWorld Rnk 15 / 204
Flag Rnk 556 / 1213
2022
Origin $2.39M China
2021 - 2022
FASTEST GROWING ORIGIN $2.39MUnited Kingdom
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $8.03M in Knit Women's Coats, making it the 44th largest exporter of Knit Women's Coats in the world. At the same year, Knit Women's Coats was the 760th most exported product in South Korea. The main destination of Knit Women's Coats exports from South Korea are: China ($4.07M), Japan ($719k), Chinese Taipei ($707k), Hong Kong ($691k), and United States ($499k).

The fastest growing export markets for Knit Women's Coats of South Korea between 2021 and 2022 were Chinese Taipei ($135k), Canada ($125k), and Uzbekistan ($70.2k).

Imports In 2022, South Korea imported $82.2M in Knit Women's Coats, becoming the 15th largest importer of Knit Women's Coats in the world. At the same year, Knit Women's Coats was the 556th most imported product in South Korea. South Korea imports Knit Women's Coats primarily from: China ($26.5M), Vietnam ($20.3M), Italy ($9M), United Kingdom ($6.89M), and Indonesia ($5.27M).

The fastest growing import markets in Knit Women's Coats for South Korea between 2021 and 2022 were United Kingdom ($2.39M), Italy ($1.44M), and Germany ($947k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Knit Women's Coats exports accounted up to $1.29M and imports accounted up to $17.6M, resulting in a negative trade balance of $16.3M. Between October 2023 and October 2024 the exports of South Korea's   Knit Women's Coats have decreased by $-307k (-19.3%) from $1.59M to $1.29M, while imports increased by $3.62M (26%) from $13.9M to $17.6M.

Destinations In October 2024, Knit Women's Coats were exported mostly to China ($736k), Switzerland ($203k), Russia ($113k), Chinese Taipei ($67k), and United States ($42k), and were imported mostly from China ($8.17M), Vietnam ($4.96M), Italy ($971k), Indonesia ($733k), and Cambodia ($570k).

Growth In October 2024, the decrease in Knit Women's Coats's year-by-year exports was explained primarily by a decrease in exports to China ($-458k or -62.6%), Singapore ($-8k or -100%), and Italy ($-3k or -42.9%). In October 2024, the increase in Knit Women's Coats's year-by-year imports was explained primarily by an increase in imports from China ($758k or 57.1%), Italy ($450k or 131%), and Vietnam ($338k or 104%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-307k(-19.3%)
IMPORT GROWTH (October 2023 - October 2024)$3.62M(26%)
MAIN DESTINATION (October 2024)China$736k

This section shows Knit Women's Coats'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 Women's Coats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.03M
IMPORTS (2022)$82.2M
NET TRADE (2022)-$74.2M

In 2022, South Korea exported $8.03M in Knit Women's Coats. The main destinations of South Korea exports on Knit Women's Coats were China ($4.07M), Japan ($719k), Chinese Taipei ($707k), Hong Kong ($691k), and United States ($499k).

In 2022, South Korea imported $82.2M in Knit Women's Coats, mainly from China ($26.5M), Vietnam ($20.3M), Italy ($9M), United Kingdom ($6.89M), and Indonesia ($5.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Coats EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$135k (23.6%)
Canada$125k (145%)
Uzbekistan$70.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Coats BY South Korea WERE (2021 - 2022):
China-$2.48M (-37.8%)
Japan-$434k (-37.6%)
Hong Kong-$337k (-32.8%)
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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 Women's Coats were:
China $1.32B
Germany $640M
Vietnam $522M
In 2022, South Korea's main importing competitors in Knit Women's Coats were:
United States $924M
Germany $924M
Spain $289M

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Trade Value of Knit Women's Coats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $652k
TOP IMPORT POTENTIALChina+ $9.4M

Knit Women's Coats’s highest export potential is United States. With an export gap of $652k.   Knit Women's Coats’s highest import potential is China with an import gap of $9.4M.

See methodology.

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