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2022
Exports $15.6MWorld Rnk 33 / 213
Flag Rnk 673 / 1204
2022
Destination $776k China
2021 - 2022
FASTEST GROWING MARKET $776kPhilippines
2022
PRODUCT COMPLEXITY IN Other Footwear-0.74Rnk 766 / 1025
2022
Imports $69MWorld Rnk 13 / 220
Flag Rnk 593 / 1213
2022
Origin $15.1M China
2021 - 2022
FASTEST GROWING ORIGIN $15.1MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $15.6M in Other Footwear, making it the 33rd largest exporter of Other Footwear in the world. At the same year, Other Footwear was the 673rd most exported product in South Korea. The main destination of Other Footwear exports from South Korea are: China ($4.15M), Thailand ($2.84M), United States ($1.49M), Japan ($1.45M), and Philippines ($1.16M).

The fastest growing export markets for Other Footwear of South Korea between 2021 and 2022 were Philippines ($776k), Chinese Taipei ($588k), and Thailand ($468k).

Imports In 2022, South Korea imported $69M in Other Footwear, becoming the 13th largest importer of Other Footwear in the world. At the same year, Other Footwear was the 593rd most imported product in South Korea. South Korea imports Other Footwear primarily from: China ($32.9M), Italy ($10.4M), Indonesia ($6.91M), United States ($5.29M), and Germany ($2.08M).

The fastest growing import markets in Other Footwear for South Korea between 2021 and 2022 were China ($15.1M), France ($1.09M), and United States ($818k).

COMPANIES In 2023, leading companies such as Banana Republic (1) were at the forefront of shipping Other Footwear from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Footwear exports accounted up to $878k and imports accounted up to $4.08M, resulting in a negative trade balance of $3.2M. Between July 2023 and July 2024 the exports of South Korea's   Other Footwear have increased by $44k (5.28%) from $834k to $878k, while imports increased by $416k (11.4%) from $3.67M to $4.08M.

Destinations In July 2024, Other Footwear were exported mostly to China ($171k), Philippines ($121k), Japan ($120k), United States ($115k), and Cambodia ($102k), and were imported mostly from China ($1.98M), Germany ($519k), United States ($452k), Italy ($351k), and Japan ($205k).

Growth In July 2024, the increase in Other Footwear's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($107k or 223%), Philippines ($62k or 144%), and Japan ($29k or 30.5%). In July 2024, the increase in Other Footwear's year-by-year imports was explained primarily by an increase in imports from France ($45k or 67.2%), Vietnam ($43k or 47.8%), and Japan ($27k or 10.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$44k(5.28%)
IMPORT GROWTH (July 2023 - July 2024)$416k(11.4%)
MAIN DESTINATION (July 2024)China$171k

This section shows Other Footwear'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 Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.6M
IMPORTS (2022)$69M
NET TRADE (2022)-$53.5M

In 2022, South Korea exported $15.6M in Other Footwear. The main destinations of South Korea exports on Other Footwear were China ($4.15M), Thailand ($2.84M), United States ($1.49M), Japan ($1.45M), and Philippines ($1.16M).

In 2022, South Korea imported $69M in Other Footwear, mainly from China ($32.9M), Italy ($10.4M), Indonesia ($6.91M), United States ($5.29M), and Germany ($2.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Footwear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$776k (201%)
Chinese Taipei$588k (129%)
Thailand$468k (19.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Footwear BY South Korea WERE (2021 - 2022):
China-$2.04M (-32.9%)
United States-$390k (-20.7%)
Saudi Arabia-$261k (-99.5%)
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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 Other Footwear were:
China $1.58B
Italy $318M
Vietnam $219M
In 2022, South Korea's main importing competitors in Other Footwear were:
United States $673M
United Kingdom $235M
Germany $227M

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Trade Value of Other Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.18M
TOP IMPORT POTENTIALChina+ $8.04M

Other Footwear’s highest export potential is United States. With an export gap of $1.18M.   Other Footwear’s highest import potential is China with an import gap of $8.04M.

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