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2022
Exports $1.42BWorld Rnk 3 / 179
Flag Rnk 76 / 1204
2022
Destination $33.2M Vietnam
2021 - 2022
FASTEST GROWING MARKET $33.2MVietnam
2022
PRODUCT COMPLEXITY IN Synthetic Filament Yarn Woven Fabric-0.61Rnk 732 / 1025
2022
Imports $280MWorld Rnk 33 / 218
Flag Rnk 287 / 1213
2022
Origin $68.7M China
2021 - 2022
FASTEST GROWING ORIGIN $68.7MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.42B in Synthetic Filament Yarn Woven Fabric, making it the 3rd largest exporter of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 76th most exported product in South Korea. The main destination of Synthetic Filament Yarn Woven Fabric exports from South Korea are: Vietnam ($399M), China ($139M), Indonesia ($84.6M), United Arab Emirates ($72.2M), and Turkey ($71.3M).

The fastest growing export markets for Synthetic Filament Yarn Woven Fabric of South Korea between 2021 and 2022 were Vietnam ($33.2M), Turkey ($27.9M), and Saudi Arabia ($27M).

Imports In 2022, South Korea imported $280M in Synthetic Filament Yarn Woven Fabric, becoming the 33rd largest importer of Synthetic Filament Yarn Woven Fabric in the world. At the same year, Synthetic Filament Yarn Woven Fabric was the 287th most imported product in South Korea. South Korea imports Synthetic Filament Yarn Woven Fabric primarily from: China ($215M), Japan ($23.2M), Vietnam ($17.3M), Italy ($8.55M), and Indonesia ($2.76M).

The fastest growing import markets in Synthetic Filament Yarn Woven Fabric for South Korea between 2021 and 2022 were China ($68.7M), Japan ($2.28M), and Italy ($1.68M).

COMPANIES In 2023, leading companies such as Jo-Ann Stores (3), Hankook Tires (2), and Hyosung (1) were at the forefront of shipping Synthetic Filament Yarn Woven Fabric from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Synthetic Filament Yarn Woven Fabric exports accounted up to $106M and imports accounted up to $13.3M, resulting in a positive trade balance of $92.9M. Between July 2023 and July 2024 the exports of South Korea's   Synthetic Filament Yarn Woven Fabric have increased by $16.2M (18%) from $90.1M to $106M, while imports increased by $1.5M (12.7%) from $11.8M to $13.3M.

Destinations In July 2024, Synthetic Filament Yarn Woven Fabric were exported mostly to Vietnam ($27.5M), China ($10.5M), United Arab Emirates ($9.03M), Saudi Arabia ($6.69M), and Indonesia ($4.74M), and were imported mostly from China ($8.92M), Japan ($1.36M), Vietnam ($1.28M), Italy ($472k), and Turkey ($280k).

Growth In July 2024, the increase in Synthetic Filament Yarn Woven Fabric's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia ($3.02M or 88.1%), United Arab Emirates ($2.06M or 35.1%), and Spain ($1.73M or 62%). In July 2024, the increase in Synthetic Filament Yarn Woven Fabric's year-by-year imports was explained primarily by an increase in imports from Vietnam ($776k or 88.5%), Netherlands ($563k or 18.8k%), and Japan ($176k or 11.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$16.2M(18%)
IMPORT GROWTH (July 2023 - July 2024)$1.5M(12.7%)
MAIN DESTINATION (July 2024)Vietnam$27.5M

This section shows Synthetic Filament Yarn Woven Fabric'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 Yarn Woven Fabric over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.42B
IMPORTS (2022)$280M
NET TRADE (2022)$1.14B

In 2022, South Korea exported $1.42B in Synthetic Filament Yarn Woven Fabric. The main destinations of South Korea exports on Synthetic Filament Yarn Woven Fabric were Vietnam ($399M), China ($139M), Indonesia ($84.6M), United Arab Emirates ($72.2M), and Turkey ($71.3M).

In 2022, South Korea imported $280M in Synthetic Filament Yarn Woven Fabric, mainly from China ($215M), Japan ($23.2M), Vietnam ($17.3M), Italy ($8.55M), and Indonesia ($2.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Filament Yarn Woven Fabric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$33.2M (9.09%)
Turkey$27.9M (64.5%)
Saudi Arabia$27M (90.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Filament Yarn Woven Fabric BY South Korea WERE (2021 - 2022):
Hong Kong-$9.47M (-26.9%)
Bangladesh-$5.85M (-11.3%)
Morocco-$4.5M (-8.37%)
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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 Yarn Woven Fabric were:
China $16B
Chinese Taipei $1.71B
In 2022, South Korea's main importing competitors in Synthetic Filament Yarn Woven Fabric were:
Vietnam $2.9B
Bangladesh $1.38B
United Arab Emirates $1.21B

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Trade Value of Synthetic Filament Yarn Woven Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $33.9M
TOP IMPORT POTENTIALChina+ $58.8M

Synthetic Filament Yarn Woven Fabric’s highest export potential is China. With an export gap of $33.9M.   Synthetic Filament Yarn Woven Fabric’s highest import potential is China with an import gap of $58.8M.

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