Knitted clothing accesories in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $897M in Knitted clothing accesories, making it the 40th largest exporter of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 43rd most exported product in South Korea. The main destination of Knitted clothing accesories exports from South Korea are: United States ($219M), Japan ($171M), China ($165M), Hong Kong ($61.2M), and Vietnam ($48.4M).

The fastest growing export markets for Knitted clothing accesories of South Korea between 2021 and 2022 were United States ($27.5M), Vietnam ($13.2M), and Hong Kong ($8.16M).

Imports In 2022, South Korea imported $6.04B in Knitted clothing accesories, becoming the 11th largest importer of Knitted clothing accesories in the world. At the same year, Knitted clothing accesories was the 18th most imported product in South Korea. South Korea imports Knitted clothing accesories primarily from: China ($2.99B), Vietnam ($1.19B), Italy ($378M), Bangladesh ($306M), and Indonesia ($210M).

The fastest growing import markets in Knitted clothing accesories for South Korea between 2021 and 2022 were China ($205M), Vietnam ($82M), and Italy ($64.2M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (534), SAMSUNG ELECTRONICS AMERICA (392), and MICHAEL KORS (USA), INC. (56) were at the forefront of shipping Knitted clothing accesories from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Knitted clothing accesories exports accounted up to $60.3M and imports accounted up to $365M, resulting in a negative trade balance of $305M. Between February 2023 and February 2024 the exports of South Korea's Knitted clothing accesories have decreased by $-11.4M (-15.9%) from $71.8M to $60.3M, while imports increased by $12.6M (3.57%) from $353M to $365M.

Destinations In February 2024, Knitted clothing accesories were exported mostly to China ($15.9M), United States ($13.5M), Japan ($11.2M), Vietnam ($2.97M), and Hong Kong ($2.83M), and were imported mostly from Vietnam ($107M), China ($102M), Bangladesh ($29.6M), Italy ($26.8M), and Indonesia ($22.9M).

Growth In February 2024, the decrease in Knitted clothing accesories's year-by-year exports was explained primarily by a decrease in exports to United States ($-6.84M or -33.8%), Japan ($-4.3M or -24.2%), and Hong Kong ($-2.03M or -41.3%). In February 2024, the increase in Knitted clothing accesories's year-by-year imports was explained primarily by an increase in imports from Vietnam ($18M or 15.9%), Bangladesh ($5.16M or 18.6%), and Pakistan ($2.44M or 63.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-11.4M(-15.9%)

IMPORT GROWTH (February 2023 - February 2024)$12.6M(3.57%)

MAIN DESTINATION (February 2024)China$15.9M

This section shows Knitted clothing accesories'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 Knitted clothing accesories over time.

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