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2022
Exports $5.61MWorld Rnk 13 / 140
Flag Rnk 814 / 1204
2022
Destination $969k Vietnam
2021 - 2022
FASTEST GROWING MARKET $969kVietnam
2022
PRODUCT COMPLEXITY IN Ornamental Trimmings-0.27Rnk 635 / 1025
2022
Imports $2.54MWorld Rnk 44 / 201
Flag Rnk 1083 / 1213
2022
Origin $44.6k China
2021 - 2022
FASTEST GROWING ORIGIN $44.6kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.61M in Ornamental Trimmings, making it the 13th largest exporter of Ornamental Trimmings in the world. At the same year, Ornamental Trimmings was the 814th most exported product in South Korea. The main destination of Ornamental Trimmings exports from South Korea are: Vietnam ($1.68M), China ($671k), Turkey ($549k), Luxembourg ($468k), and Indonesia ($396k).

The fastest growing export markets for Ornamental Trimmings of South Korea between 2021 and 2022 were Vietnam ($969k), Luxembourg ($78.1k), and Italy ($68.3k).

Imports In 2022, South Korea imported $2.54M in Ornamental Trimmings, becoming the 44th largest importer of Ornamental Trimmings in the world. At the same year, Ornamental Trimmings was the 1083rd most imported product in South Korea. South Korea imports Ornamental Trimmings primarily from: China ($1.03M), Japan ($825k), Italy ($179k), Vietnam ($115k), and United States ($82.3k).

The fastest growing import markets in Ornamental Trimmings for South Korea between 2021 and 2022 were United States ($44.6k), Italy ($39.2k), and Sri Lanka ($15.2k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Ornamental Trimmings exports accounted up to $432k and imports accounted up to $237k, resulting in a positive trade balance of $195k. Between July 2023 and July 2024 the exports of South Korea's   Ornamental Trimmings have increased by $21k (5.11%) from $411k to $432k, while imports decreased by $-38k (-13.8%) from $275k to $237k.

Destinations In July 2024, Ornamental Trimmings were exported mostly to India ($158k), Turkey ($62k), China ($51k), Brazil ($45k), and Malaysia ($23k), and were imported mostly from Japan ($125k), China ($80k), Italy ($27k), United States ($3k), and Hong Kong ($1k).

Growth In July 2024, the increase in Ornamental Trimmings's year-by-year exports was explained primarily by an increase in exports to India ($61k or 145%), Turkey ($35k or 117%), and Colombia ($7k or 140%). In July 2024, the decrease in Ornamental Trimmings's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-30k or -96.8%), Japan ($-25k or -15.2%), and China ($-16k or -9.88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$21k(5.11%)
IMPORT GROWTH (July 2023 - July 2024)$-38k(-13.8%)
MAIN DESTINATION (July 2024)India$158k

This section shows Ornamental Trimmings'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 Ornamental Trimmings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.61M
IMPORTS (2022)$2.54M
NET TRADE (2022)$3.07M

In 2022, South Korea exported $5.61M in Ornamental Trimmings. The main destinations of South Korea exports on Ornamental Trimmings were Vietnam ($1.68M), China ($671k), Turkey ($549k), Luxembourg ($468k), and Indonesia ($396k).

In 2022, South Korea imported $2.54M in Ornamental Trimmings, mainly from China ($1.03M), Japan ($825k), Italy ($179k), Vietnam ($115k), and United States ($82.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ornamental Trimmings EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$969k (135%)
Luxembourg$78.1k (20.1%)
Italy$68.3k (357%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ornamental Trimmings BY South Korea WERE (2021 - 2022):
Indonesia-$770k (-66.1%)
India-$399k (-63.3%)
Turkey-$208k (-27.5%)
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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 Ornamental Trimmings were:
China $181M
Germany $45.2M
Chinese Taipei $36.9M
In 2022, South Korea's main importing competitors in Ornamental Trimmings were:
United States $57.8M
Vietnam $53.5M
Germany $21.1M

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Trade Value of Ornamental Trimmings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $188k
TOP IMPORT POTENTIALChina+ $669k

Ornamental Trimmings’s highest export potential is China. With an export gap of $188k.   Ornamental Trimmings’s highest import potential is China with an import gap of $669k.

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