Non-knitted clothing accesories in South Korea 2021 Exports | Imports : $840M | $6.91B, World Rnk 34 / 226 Rnk 45 / 96 | World Rnk 10 / 225 Rnk 16 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $73.9M | $758M, China | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Non-knitted clothing accesories: -0.38, Rnk 661 / 1029
Exports In 2021, South Korea exported $840M in Non-knitted clothing accesories, making it the 34th largest exporter of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 45th most exported product in South Korea. The main destination of Non-knitted clothing accesories exports from South Korea are: China ($291M), Vietnam ($200M), Japan ($82.7M), Indonesia ($46.4M), and Hong Kong ($41.1M).
The fastest growing export markets for Non-knitted clothing accesories of South Korea between 2020 and 2021 were China ($73.9M), Vietnam ($38.8M), and United States ($8.4M).
Imports In 2021, South Korea imported $6.91B in Non-knitted clothing accesories, becoming the 10th largest importer of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 16th most imported product in South Korea. South Korea imports Non-knitted clothing accesories primarily from: China ($2.9B), Vietnam ($1.92B), Italy ($406M), Indonesia ($277M), and Burma ($258M).
The fastest growing import markets in Non-knitted clothing accesories for South Korea between 2020 and 2021 were China ($758M), United Kingdom ($107M), and Vietnam ($103M).
Tariffs In 2018, the average tariff for South Korea in Non-knitted clothing accesories was 10.1%. The countries with the highest import tariffs for Non-knitted clothing accesories were Angola (Most Favoured Nation duty rate treatment, 13%), Burundi (Most Favoured Nation duty rate treatment, 13%), Benin (Most Favoured Nation duty rate treatment, 13%), Burkina Faso (Most Favoured Nation duty rate treatment, 13%), and Central African Republic (Most Favoured Nation duty rate treatment, 13%).
April 2023
Overview In April 2023 South Korea's Non-knitted clothing accesories exports accounted up to $90.5M and imports accounted up to $487M, resulting in a negative trade balance of $396M. Between April 2022 and April 2023 the exports of South Korea's Non-knitted clothing accesories have increased by $1.34M (1.51%) from $89.2M to $90.5M, while imports decreased by $-44.8M (-8.44%) from $531M to $487M.
Destinations In April 2023, Non-knitted clothing accesories were exported mostly to Vietnam ($31.1M), China ($21.8M), Hong Kong ($7M), Japan ($6.54M), and United States ($4.74M), and were imported mostly from China ($182M), Vietnam ($128M), Italy ($38.2M), Burma ($24.1M), and Indonesia ($21.1M).
Growth In April 2023, the increase in Non-knitted clothing accesories's year-by-year exports was explained primarily by an increase in exports to China ($5.37M or 25.3%), Hong Kong ($2.51M or 61.5%), and United States ($1.93M or 62.1%). In April 2023, the decrease in Non-knitted clothing accesories's year-by-year imports was explained primarily by a decrease in imports from Cambodia ($-2.7M or -32.2%), India ($-718k or -15.7%), and Morocco ($-504k or -25.9%).
EXPORT GROWTH (April 2022 - April 2023): $1.34M, (1.51%)
IMPORT GROWTH (April 2022 - April 2023): $-44.8M, (-8.44%)
MAIN DESTINATION (April 2023): Vietnam, $31.1M
This section shows Non-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 Non-knitted clothing accesories over time.
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EXPORTS (2021): $840M
IMPORTS (2021): $6.91B
NET TRADE (2021): -$6.07B
In 2021, South Korea exported $840M in Non-knitted clothing accesories. The main destinations of South Korea exports on Non-knitted clothing accesories were China ($291M), Vietnam ($200M), Japan ($82.7M), Indonesia ($46.4M), and Hong Kong ($41.1M).
In 2021, South Korea imported $6.91B in Non-knitted clothing accesories, mainly from China ($2.9B), Vietnam ($1.92B), Italy ($406M), Indonesia ($277M), and Burma ($258M).
THE FASTEST GROWING Non-knitted clothing accesories EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-knitted clothing accesories BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Non-knitted clothing accesories were:
In 2021, South Korea's main importing competitors in Non-knitted clothing accesories were:
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