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2022
Exports $123MWorld Rnk 4 / 102
Flag Rnk 350 / 1204
2022
Destination $10M Indonesia
2021 - 2022
FASTEST GROWING MARKET $10MTurkey
2022
PRODUCT COMPLEXITY IN Synthetic Filament Tow-0.24Rnk 625 / 1025
2022
Imports $1.81MWorld Rnk 55 / 171
Flag Rnk 1103 / 1213
2022
Origin $423k China
2021 - 2022
FASTEST GROWING ORIGIN $423kIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $123M in Synthetic Filament Tow, making it the 4th largest exporter of Synthetic Filament Tow in the world. At the same year, Synthetic Filament Tow was the 350th most exported product in South Korea. The main destination of Synthetic Filament Tow exports from South Korea are: Indonesia ($31M), Turkey ($21.8M), Bangladesh ($15.2M), Kenya ($11.1M), and Tanzania ($8.9M).

The fastest growing export markets for Synthetic Filament Tow of South Korea between 2021 and 2022 were Turkey ($10M), United Arab Emirates ($2.59M), and Indonesia ($2.55M).

Imports In 2022, South Korea imported $1.81M in Synthetic Filament Tow, becoming the 55th largest importer of Synthetic Filament Tow in the world. At the same year, Synthetic Filament Tow was the 1103rd most imported product in South Korea. South Korea imports Synthetic Filament Tow primarily from: China ($789k), Indonesia ($424k), United States ($294k), South Africa ($171k), and France ($74.1k).

The fastest growing import markets in Synthetic Filament Tow for South Korea between 2021 and 2022 were Indonesia ($423k), United States ($168k), and Singapore ($10.3k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Synthetic Filament Tow exports accounted up to $9.58M and imports accounted up to $116k, resulting in a positive trade balance of $9.47M. Between July 2023 and July 2024 the exports of South Korea's   Synthetic Filament Tow have increased by $7.2M (302%) from $2.38M to $9.58M, while imports increased by $4k (3.57%) from $112k to $116k.

Destinations In July 2024, Synthetic Filament Tow were exported mostly to China ($3.74M), Kenya ($1.2M), Bangladesh ($908k), Indonesia ($791k), and Tanzania ($592k), and were imported mostly from China ($115k), Italy ($1k), Angola ($0), Botswana ($0), and Republic of the Congo ($0).

Growth In July 2024, the increase in Synthetic Filament Tow's year-by-year exports was explained primarily by an increase in exports to Indonesia ($1.42M or 4.88k%), Togo ($274k or 489%), and Zambia ($224k or 622%). In July 2024, the increase in Synthetic Filament Tow's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$7.2M(302%)
IMPORT GROWTH (July 2023 - July 2024)$4k(3.57%)
MAIN DESTINATION (July 2024)China$3.74M

This section shows Synthetic Filament Tow'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 Synthetic Filament Tow over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$123M
IMPORTS (2022)$1.81M
NET TRADE (2022)$121M

In 2022, South Korea exported $123M in Synthetic Filament Tow. The main destinations of South Korea exports on Synthetic Filament Tow were Indonesia ($31M), Turkey ($21.8M), Bangladesh ($15.2M), Kenya ($11.1M), and Tanzania ($8.9M).

In 2022, South Korea imported $1.81M in Synthetic Filament Tow, mainly from China ($789k), Indonesia ($424k), United States ($294k), South Africa ($171k), and France ($74.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Filament Tow EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$10M (85%)
United Arab Emirates$2.59M (4.73k%)
Indonesia$2.55M (8.99%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Filament Tow BY South Korea WERE (2021 - 2022):
China-$15.7M (-82.1%)
Zambia-$2.52M (-79.7%)
Haiti-$1.48M (-49.2%)
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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 Synthetic Filament Tow were:
Japan $359M
China $202M
Thailand $145M
In 2022, South Korea's main importing competitors in Synthetic Filament Tow were:
Turkey $136M
United States $128M
Indonesia $104M

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Trade Value of Synthetic Filament Tow by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.58M
TOP IMPORT POTENTIALChina+ $542k

Synthetic Filament Tow’s highest export potential is China. With an export gap of $2.58M.   Synthetic Filament Tow’s highest import potential is China with an import gap of $542k.

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