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2022
Exports $9.56MWorld Rnk 19 / 124
Flag Rnk 735 / 1204
2022
Destination $850k Vietnam
2021 - 2022
FASTEST GROWING MARKET $850kMexico
2022
PRODUCT COMPLEXITY IN Leather of Other Animals-0.66Rnk 745 / 1025
2022
Imports $6.63MWorld Rnk 22 / 139
Flag Rnk 989 / 1213
2022
Origin $225k Singapore
2021 - 2022
FASTEST GROWING ORIGIN $225kAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $9.56M in Leather of Other Animals, making it the 19th largest exporter of Leather of Other Animals in the world. At the same year, Leather of Other Animals was the 735th most exported product in South Korea. The main destination of Leather of Other Animals exports from South Korea are: Vietnam ($3.81M), Indonesia ($1.55M), China ($959k), Mexico ($933k), and United States ($650k).

The fastest growing export markets for Leather of Other Animals of South Korea between 2021 and 2022 were Mexico ($850k), China ($162k), and Italy ($118k).

Imports In 2022, South Korea imported $6.63M in Leather of Other Animals, becoming the 22nd largest importer of Leather of Other Animals in the world. At the same year, Leather of Other Animals was the 989th most imported product in South Korea. South Korea imports Leather of Other Animals primarily from: Singapore ($1.82M), Japan ($1.48M), France ($1.16M), Italy ($677k), and Australia ($348k).

The fastest growing import markets in Leather of Other Animals for South Korea between 2021 and 2022 were Australia ($225k), China ($136k), and Malaysia ($73.9k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Leather of Other Animals exports accounted up to $20.9M and imports accounted up to $8.49M, resulting in a positive trade balance of $12.4M. Between July 2023 and July 2024 the exports of South Korea's   Leather of Other Animals have increased by $3.23M (18.2%) from $17.7M to $20.9M, while imports decreased by $-3.2M (-27.4%) from $11.7M to $8.49M.

Destinations In July 2024, Leather of Other Animals were exported mostly to Cambodia ($6.16M), Vietnam ($4.78M), China ($2.76M), Indonesia ($2.31M), and Philippines ($1.85M), and were imported mostly from Italy ($3.33M), China ($1.69M), Brazil ($1.16M), India ($685k), and Thailand ($678k).

Growth In July 2024, the increase in Leather of Other Animals's year-by-year exports was explained primarily by an increase in exports to Bangladesh ($534k or 52.6%) and Japan ($54k or 1.08k%). In July 2024, the decrease in Leather of Other Animals's year-by-year imports was explained primarily by a decrease in imports from Italy ($-2.87M or -58.4%), Indonesia ($-505k or -98.1%), and India ($-217k or -22.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3.23M(18.2%)
IMPORT GROWTH (July 2023 - July 2024)$-3.2M(-27.4%)
MAIN DESTINATION (July 2024)Cambodia$6.16M

This section shows Leather of Other Animals'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 of Other Animals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.56M
IMPORTS (2022)$6.63M
NET TRADE (2022)$2.93M

In 2022, South Korea exported $9.56M in Leather of Other Animals. The main destinations of South Korea exports on Leather of Other Animals were Vietnam ($3.81M), Indonesia ($1.55M), China ($959k), Mexico ($933k), and United States ($650k).

In 2022, South Korea imported $6.63M in Leather of Other Animals, mainly from Singapore ($1.82M), Japan ($1.48M), France ($1.16M), Italy ($677k), and Australia ($348k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather of Other Animals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mexico$850k (1.02k%)
China$162k (20.4%)
Italy$118k (179%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather of Other Animals BY South Korea WERE (2021 - 2022):
Vietnam-$919k (-19.4%)
Indonesia-$423k (-21.5%)
Philippines-$387k (-98.5%)
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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 Leather of Other Animals were:
Italy $140M
Singapore $78.6M
Thailand $76.8M
In 2022, South Korea's main importing competitors in Leather of Other Animals were:
France $126M
Italy $106M
China $83.4M

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Trade Value of Leather of Other Animals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.6M
TOP IMPORT POTENTIALChina+ $7.54M

Leather of Other Animals’s highest export potential is China. With an export gap of $14.6M.   Leather of Other Animals’s highest import potential is China with an import gap of $7.54M.

See methodology.

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