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2022
Exports $642kWorld Rnk 72 / 133
Flag Rnk 1017 / 1204
2022
Destination $42.1k Japan
2021 - 2022
FASTEST GROWING MARKET $42.1kBurma
2022
PRODUCT COMPLEXITY IN Raw Cotton-2.57Rnk 1022 / 1025
2022
Imports $307MWorld Rnk 11 / 183
Flag Rnk 267 / 1213
2022
Origin $95.2M Australia
2021 - 2022
FASTEST GROWING ORIGIN $95.2MAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $642k in Raw Cotton, making it the 72nd largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 1017th most exported product in South Korea. The main destination of Raw Cotton exports from South Korea are: Japan ($357k), Vietnam ($114k), Thailand ($65.8k), Burma ($42.1k), and Honduras ($40.5k).

The fastest growing export markets for Raw Cotton of South Korea between 2021 and 2022 were Burma ($42.1k), Honduras ($40.5k), and United States ($2.9k).

Imports In 2022, South Korea imported $307M in Raw Cotton, becoming the 11th largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 267th most imported product in South Korea. South Korea imports Raw Cotton primarily from: Australia ($115M), United States ($108M), Brazil ($81.1M), Turkey ($3.25M), and Costa Rica ($239k).

The fastest growing import markets in Raw Cotton for South Korea between 2021 and 2022 were Australia ($95.2M), Turkey ($1.26M), and Costa Rica ($42.8k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Raw Cotton exports accounted up to $96k and imports accounted up to $5.56M, resulting in a negative trade balance of $5.47M. Between September 2023 and September 2024 the exports of South Korea's   Raw Cotton have decreased by $-18k (-15.8%) from $114k to $96k, while imports decreased by $-1.81M (-24.5%) from $7.37M to $5.56M.

Destinations In September 2024, Raw Cotton were exported mostly to Vietnam ($96k), United Arab Emirates ($0), Indonesia ($0), India ($0), and Uzbekistan ($0), and were imported mostly from Brazil ($2.61M), United States ($1.57M), Australia ($1.34M), Costa Rica ($41k), and France ($3k).

Growth In September 2024, the decrease in Raw Cotton's year-by-year exports was explained primarily by a decrease in exports to Japan ($-61k or -62.2%) and Cambodia ($-1k or -100%). In September 2024, the decrease in Raw Cotton's year-by-year imports was explained primarily by a decrease in imports from United States ($-5.84M or -80.2%), Turkey ($-204k or -48.3%), and Brazil ($-152k or -1.36%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-18k(-15.8%)
IMPORT GROWTH (September 2023 - September 2024)$-1.81M(-24.5%)
MAIN DESTINATION (September 2024)Vietnam$96k

This section shows Raw Cotton'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 Raw Cotton over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$642k
IMPORTS (2022)$307M
NET TRADE (2022)-$307M

In 2022, South Korea exported $642k in Raw Cotton. The main destinations of South Korea exports on Raw Cotton were Japan ($357k), Vietnam ($114k), Thailand ($65.8k), Burma ($42.1k), and Honduras ($40.5k).

In 2022, South Korea imported $307M in Raw Cotton, mainly from Australia ($115M), United States ($108M), Brazil ($81.1M), Turkey ($3.25M), and Costa Rica ($239k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Cotton EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Burma$42.1k (221k%)
Honduras$40.5k (1%)
United States$2.9k (3.29k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Cotton BY South Korea WERE (2021 - 2022):
Iran-$617k (-100%)
Vietnam-$107k (-48.4%)
Netherlands-$26.5k (-96.9%)
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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 Raw Cotton were:
United States $9.03B
Brazil $3.71B
Australia $3.09B
In 2022, South Korea's main importing competitors in Raw Cotton were:
China $4.55B
Vietnam $3.16B
Bangladesh $2.9B

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Trade Value of Raw Cotton by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $162k
TOP IMPORT POTENTIALUnited States+ $10.1M

Raw Cotton’s highest export potential is Vietnam. With an export gap of $162k.   Raw Cotton’s highest import potential is United States with an import gap of $10.1M.

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