2022
Exports
$45.8MWorld Rnk 5 / 118
Flag Rnk 508 / 1204
2022
PRODUCT COMPLEXITY IN Leather Machinery
0.25Rnk 472 / 1025
2022
Imports
$8.82MWorld Rnk 25 / 183
Flag Rnk 958 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $45.8M in Leather Machinery, making it the 5th largest exporter of Leather Machinery in the world. At the same year, Leather Machinery was the 508th most exported product in South Korea. The main destination of Leather Machinery exports from South Korea are: Indonesia ($25.2M), Vietnam ($12.6M), India ($4.19M), China ($984k), and Mexico ($688k).

The fastest growing export markets for Leather Machinery of South Korea between 2021 and 2022 were India ($2.89M), Brazil ($406k), and Mexico ($172k).

Imports In 2022, South Korea imported $8.82M in Leather Machinery, becoming the 25th largest importer of Leather Machinery in the world. At the same year, Leather Machinery was the 958th most imported product in South Korea. South Korea imports Leather Machinery primarily from: Italy ($3.54M), China ($2.87M), France ($990k), Germany ($410k), and Indonesia ($297k).

The fastest growing import markets in Leather Machinery for South Korea between 2021 and 2022 were France ($496k), Indonesia ($240k), and Germany ($214k).

COMPANIES In 2023, leading companies such as Samsung (2), REI (Recreational Equipment Incorporated) (2), and Bass Pro Shops (1) were at the forefront of shipping Leather Machinery from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$962k(28.6%)
IMPORT GROWTH (October 2023 - October 2024)$-536k(-68.8%)
MAIN DESTINATION (October 2024)Vietnam$2.3M

This section shows Leather Machinery'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 Leather Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.8M
IMPORTS (2022)$8.82M
NET TRADE (2022)$37M

In 2022, South Korea exported $45.8M in Leather Machinery. The main destinations of South Korea exports on Leather Machinery were Indonesia ($25.2M), Vietnam ($12.6M), India ($4.19M), China ($984k), and Mexico ($688k).

In 2022, South Korea imported $8.82M in Leather Machinery, mainly from Italy ($3.54M), China ($2.87M), France ($990k), Germany ($410k), and Indonesia ($297k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather Machinery EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$2.89M (221%)
Brazil$406k (1.74k%)
Mexico$172k (33.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Machinery BY South Korea WERE (2021 - 2022):
Indonesia-$15.9M (-38.7%)
Vietnam-$785k (-5.86%)
China-$556k (-36.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Leather Machinery were:
In 2022, South Korea's main importing competitors in Leather Machinery were:

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Trade Value of Leather Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.04M
TOP IMPORT POTENTIALChina+ $1.62M

Leather Machinery’s highest export potential is China. With an export gap of $1.04M.   Leather Machinery’s highest import potential is China with an import gap of $1.62M.

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