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2022
Exports $11.8MWorld Rnk 12 / 169
Flag Rnk 709 / 1204
2022
Destination $1.22M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.22MVietnam
2022
PRODUCT COMPLEXITY IN Other Articles of Twine and Rope-0.49Rnk 695 / 1025
2022
Imports $17MWorld Rnk 13 / 211
Flag Rnk 855 / 1213
2022
Origin $1.77M China
2021 - 2022
FASTEST GROWING ORIGIN $1.77MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $11.8M in Other Articles of Twine and Rope, making it the 12th largest exporter of Other Articles of Twine and Rope in the world. At the same year, Other Articles of Twine and Rope was the 709th most exported product in South Korea. The main destination of Other Articles of Twine and Rope exports from South Korea are: Vietnam ($4.52M), Japan ($1.89M), Indonesia ($1.25M), Iceland ($725k), and Chinese Taipei ($550k).

The fastest growing export markets for Other Articles of Twine and Rope of South Korea between 2021 and 2022 were Vietnam ($1.22M), Japan ($670k), and Indonesia ($652k).

Imports In 2022, South Korea imported $17M in Other Articles of Twine and Rope, becoming the 13th largest importer of Other Articles of Twine and Rope in the world. At the same year, Other Articles of Twine and Rope was the 855th most imported product in South Korea. South Korea imports Other Articles of Twine and Rope primarily from: China ($11.8M), Sri Lanka ($1.23M), United States ($1.07M), Vietnam ($965k), and Turkey ($529k).

The fastest growing import markets in Other Articles of Twine and Rope for South Korea between 2021 and 2022 were China ($1.77M), United States ($855k), and Turkey ($467k).

COMPANIES In 2023, leading companies such as Conair (1) were at the forefront of shipping Other Articles of Twine and Rope from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Articles of Twine and Rope exports accounted up to $812k and imports accounted up to $1.51M, resulting in a negative trade balance of $693k. Between July 2023 and July 2024 the exports of South Korea's   Other Articles of Twine and Rope have increased by $117k (16.8%) from $695k to $812k, while imports increased by $238k (18.8%) from $1.27M to $1.51M.

Destinations In July 2024, Other Articles of Twine and Rope were exported mostly to Vietnam ($252k), Chinese Taipei ($170k), Japan ($131k), Indonesia ($73k), and Netherlands ($70k), and were imported mostly from China ($1.07M), Sri Lanka ($147k), United States ($42k), Indonesia ($40k), and Japan ($40k).

Growth In July 2024, the increase in Other Articles of Twine and Rope's year-by-year exports was explained primarily by an increase in exports to Indonesia ($82k or 65.1%), United States ($26k or 28.3%), and Singapore ($11k or 1.1k%). In July 2024, the increase in Other Articles of Twine and Rope's year-by-year imports was explained primarily by an increase in imports from Japan ($8k or 800%) and Unknown ($1k or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$117k(16.8%)
IMPORT GROWTH (July 2023 - July 2024)$238k(18.8%)
MAIN DESTINATION (July 2024)Vietnam$252k

This section shows Other Articles of Twine and Rope'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 Other Articles of Twine and Rope over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.8M
IMPORTS (2022)$17M
NET TRADE (2022)-$5.26M

In 2022, South Korea exported $11.8M in Other Articles of Twine and Rope. The main destinations of South Korea exports on Other Articles of Twine and Rope were Vietnam ($4.52M), Japan ($1.89M), Indonesia ($1.25M), Iceland ($725k), and Chinese Taipei ($550k).

In 2022, South Korea imported $17M in Other Articles of Twine and Rope, mainly from China ($11.8M), Sri Lanka ($1.23M), United States ($1.07M), Vietnam ($965k), and Turkey ($529k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Articles of Twine and Rope EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.22M (37.2%)
Japan$670k (55%)
Indonesia$652k (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Articles of Twine and Rope BY South Korea WERE (2021 - 2022):
Russia-$507k (-75.7%)
Latvia-$245k (-100%)
United States-$245k (-32%)
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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 Other Articles of Twine and Rope were:
China $477M
Germany $49.1M
United States $41.7M
In 2022, South Korea's main importing competitors in Other Articles of Twine and Rope were:
United States $209M
Germany $62.5M
United Kingdom $36.9M

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Trade Value of Other Articles of Twine and Rope by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $565k
TOP IMPORT POTENTIALChina+ $1.91M

Other Articles of Twine and Rope’s highest export potential is United States. With an export gap of $565k.   Other Articles of Twine and Rope’s highest import potential is China with an import gap of $1.91M.

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