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2022
Exports $14MWorld Rnk 9 / 98
Flag Rnk 693 / 1204
2022
Destination $1.8M China
2021 - 2022
FASTEST GROWING MARKET $1.8MVietnam
2022
PRODUCT COMPLEXITY IN Non-Retail Carded Wool Yarn-0.16Rnk 600 / 1025
2022
Imports $11.7MWorld Rnk 17 / 145
Flag Rnk 915 / 1213
2022
Origin $1.54M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.54MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $14M in Non-Retail Carded Wool Yarn, making it the 9th largest exporter of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 693rd most exported product in South Korea. The main destination of Non-Retail Carded Wool Yarn exports from South Korea are: China ($4.69M), Vietnam ($3.43M), Japan ($2.21M), Thailand ($1.57M), and Pakistan ($833k).

The fastest growing export markets for Non-Retail Carded Wool Yarn of South Korea between 2021 and 2022 were Vietnam ($1.8M), Japan ($1.48M), and China ($1.4M).

Imports In 2022, South Korea imported $11.7M in Non-Retail Carded Wool Yarn, becoming the 17th largest importer of Non-Retail Carded Wool Yarn in the world. At the same year, Non-Retail Carded Wool Yarn was the 915th most imported product in South Korea. South Korea imports Non-Retail Carded Wool Yarn primarily from: Italy ($6.69M), China ($4.74M), Japan ($66.8k), United Kingdom ($64.7k), and Ireland ($55.3k).

The fastest growing import markets in Non-Retail Carded Wool Yarn for South Korea between 2021 and 2022 were China ($1.54M), Italy ($689k), and Ireland ($45.7k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Non-Retail Carded Wool Yarn exports accounted up to $830k and imports accounted up to $1.41M, resulting in a negative trade balance of $582k. Between July 2023 and July 2024 the exports of South Korea's   Non-Retail Carded Wool Yarn have decreased by $-210k (-20.2%) from $1.04M to $830k, while imports increased by $164k (13.1%) from $1.25M to $1.41M.

Destinations In July 2024, Non-Retail Carded Wool Yarn were exported mostly to China ($511k), Vietnam ($283k), Thailand ($21k), Japan ($11k), and Hong Kong ($4k), and were imported mostly from Italy ($793k), Vietnam ($301k), China ($300k), Japan ($9k), and Portugal ($5k).

Growth In July 2024, the decrease in Non-Retail Carded Wool Yarn's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-140k or -96.6%) and China ($-27k or -100%). In July 2024, the increase in Non-Retail Carded Wool Yarn's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($9k or 900%) and Vietnam ($1k or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-210k(-20.2%)
IMPORT GROWTH (July 2023 - July 2024)$164k(13.1%)
MAIN DESTINATION (July 2024)China$511k

This section shows Non-Retail Carded Wool Yarn'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-Retail Carded Wool Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14M
IMPORTS (2022)$11.7M
NET TRADE (2022)$2.37M

In 2022, South Korea exported $14M in Non-Retail Carded Wool Yarn. The main destinations of South Korea exports on Non-Retail Carded Wool Yarn were China ($4.69M), Vietnam ($3.43M), Japan ($2.21M), Thailand ($1.57M), and Pakistan ($833k).

In 2022, South Korea imported $11.7M in Non-Retail Carded Wool Yarn, mainly from Italy ($6.69M), China ($4.74M), Japan ($66.8k), United Kingdom ($64.7k), and Ireland ($55.3k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Carded Wool Yarn EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.8M (110%)
Japan$1.48M (205%)
China$1.4M (42.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Carded Wool Yarn BY South Korea WERE (2021 - 2022):
Hong Kong-$579k (-60.7%)
Indonesia-$225k (-51%)
Pakistan-$163k (-16.3%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Non-Retail Carded Wool Yarn were:
Italy $159M
China $104M
Lithuania $75.5M
In 2022, South Korea's main importing competitors in Non-Retail Carded Wool Yarn were:
United Kingdom $71.9M
Hong Kong $41.9M
Netherlands $27.1M

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Trade Value of Non-Retail Carded Wool Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $110k
TOP IMPORT POTENTIALChina+ $386k

Non-Retail Carded Wool Yarn’s highest export potential is Hong Kong. With an export gap of $110k.   Non-Retail Carded Wool Yarn’s highest import potential is China with an import gap of $386k.

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