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2023
Exports $39.3MWorld Rnk 23 / 186
Flag Rnk 491 / 1188
2023
Destination $6.45M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $6.45MUnited States
2023
PRODUCT COMPLEXITY IN Knit Women's Shirts-1.45Rnk 939 / 1025
2023
Imports $32.3MWorld Rnk 26 / 218
Flag Rnk 719 / 1208
2023
Origin $3.85M China
2022 - 2023
FASTEST GROWING ORIGIN $3.85MUnited Kingdom
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $39.3M in Knit Women's Shirts, making it the 23rd largest exporter of Knit Women's Shirts in the world. At the same year, Knit Women's Shirts was the 491st most exported product in South Korea. The main destination of Knit Women's Shirts exports from South Korea are: Hong Kong ($15.2M), United States ($11.8M), China ($4.16M), Japan ($3.03M), and France ($1.67M).

The fastest growing export markets for Knit Women's Shirts of South Korea between 2022 and 2023 were United States ($6.45M), France ($1.64M), and Hong Kong ($699k).

Imports In 2023, South Korea imported $32.3M in Knit Women's Shirts, becoming the 26th largest importer of Knit Women's Shirts in the world. At the same year, Knit Women's Shirts was the 719th most imported product in South Korea. South Korea imports Knit Women's Shirts primarily from: China ($13.1M), United Kingdom ($3.93M), Italy ($2.78M), Japan ($1.99M), and Indonesia ($1.77M).

The fastest growing import markets in Knit Women's Shirts for South Korea between 2022 and 2023 were United Kingdom ($3.85M), Hong Kong ($1.69M), and France ($664k).

COMPANIES In 2024, leading companies such as Bass Pro Shops (1) were at the forefront of shipping Knit Women's Shirts from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Knit Women's Shirts exports accounted up to $2.56M and imports accounted up to $3.9M, resulting in a negative trade balance of $1.34M. Between December 2023 and December 2024 the exports of South Korea's   Knit Women's Shirts have increased by $879k (52.2%) from $1.68M to $2.56M, while imports increased by $549k (16.4%) from $3.35M to $3.9M.

Destinations In December 2024, Knit Women's Shirts were exported mostly to Japan ($1.06M), United States ($486k), China ($452k), Chinese Taipei ($220k), and Hong Kong ($113k), and were imported mostly from Vietnam ($1.46M), China ($902k), Italy ($577k), Indonesia ($189k), and Japan ($164k).

Growth In December 2024, the increase in Knit Women's Shirts's year-by-year exports was explained primarily by an increase in exports to China ($288k or 103%), United States ($134k or 53.2%), and Chinese Taipei ($51k or 98.1%). In December 2024, the increase in Knit Women's Shirts's year-by-year imports was explained primarily by an increase in imports from Italy ($358k or 154%), Japan ($189k or 89.6%), and Indonesia ($172k or 52.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$879k(52.2%)
IMPORT GROWTH (December 2023 - December 2024)$549k(16.4%)
MAIN DESTINATION (December 2024)Japan$1.06M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$39.3M
IMPORTS (2023)$32.3M
NET TRADE (2023)$6.91M

In 2023, South Korea exported $39.3M in Knit Women's Shirts. The main destinations of South Korea exports on Knit Women's Shirts were Hong Kong ($15.2M), United States ($11.8M), China ($4.16M), Japan ($3.03M), and France ($1.67M).

In 2023, South Korea imported $32.3M in Knit Women's Shirts, mainly from China ($13.1M), United Kingdom ($3.93M), Italy ($2.78M), Japan ($1.99M), and Indonesia ($1.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Shirts EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$6.45M (121%)
France$1.64M (5.66k%)
Hong Kong$699k (4.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Shirts BY South Korea WERE (2022 - 2023):
Japan-$1.43M (-32.1%)
China-$1.31M (-23.9%)
Vietnam-$437k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Knit Women's Shirts were:
China $1.14B
Vietnam $532M
Bangladesh $413M
In 2023, South Korea's main importing competitors in Knit Women's Shirts were:
United States $1.35B
Japan $417M
Germany $315M

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Trade Value of Knit Women's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.09M
TOP IMPORT POTENTIALChina+ $6.29M

Knit Women's Shirts’s highest export potential is United States. With an export gap of $2.09M.   Knit Women's Shirts’s highest import potential is China with an import gap of $6.29M.

See methodology.

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