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2018
Exports $672kWorld Rnk 37 / 103
Flag Rnk 1013 / 1204
2018
Destination $167k Turkey
2021 - 2022
FASTEST GROWING MARKET $167kTurkey
2022
PRODUCT COMPLEXITY IN Tanned Furskins-0.55Rnk 714 / 1025
2018
Imports $38MWorld Rnk 6 / 138
Flag Rnk 729 / 1213
2018
Origin $347k Turkey
2021 - 2022
FASTEST GROWING ORIGIN $347kSpain
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $672k in Tanned Furskins, making it the 37th largest exporter of Tanned Furskins in the world. At the same year, Tanned Furskins was the 1013th most exported product in South Korea. The main destination of Tanned Furskins exports from South Korea are: Turkey ($224k), Vietnam ($189k), Italy ($82k), Hong Kong ($66.4k), and Greece ($56.8k).

The fastest growing export markets for Tanned Furskins of South Korea between 2021 and 2022 were Turkey ($167k), Vietnam ($138k), and Italy ($69.3k).

Imports In 2022, South Korea imported $38M in Tanned Furskins, becoming the 6th largest importer of Tanned Furskins in the world. At the same year, Tanned Furskins was the 729th most imported product in South Korea. South Korea imports Tanned Furskins primarily from: Turkey ($13.3M), Thailand ($10.1M), China ($8.03M), Spain ($3.31M), and Italy ($1.48M).

The fastest growing import markets in Tanned Furskins for South Korea between 2021 and 2022 were Spain ($347k), Greece ($238k), and Cambodia ($152k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Tanned Furskins exports accounted up to $78k and imports accounted up to $2.22M, resulting in a negative trade balance of $2.14M. Between October 2023 and October 2024 the exports of South Korea's   Tanned Furskins have increased by $61k (359%) from $17k to $78k, while imports decreased by $-506k (-18.6%) from $2.72M to $2.22M.

Destinations In October 2024, Tanned Furskins were exported mostly to Hong Kong ($56k), China ($11k), Vietnam ($11k), Thailand ($0), and Turkey ($0), and were imported mostly from Thailand ($1.37M), Turkey ($498k), China ($267k), Spain ($56k), and Italy ($11k).

Growth In October 2024, the increase in Tanned Furskins's year-by-year exports was explained primarily by an increase in exports to United States ($2k or 28.6%). In October 2024, the decrease in Tanned Furskins's year-by-year imports was explained primarily by a decrease in imports from Turkey ($-452k or -84.5%), Thailand ($-338k or -86.4%), and China ($-293k or -47.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$61k(359%)
IMPORT GROWTH (October 2023 - October 2024)$-506k(-18.6%)
MAIN DESTINATION (October 2024)Hong Kong$56k

This section shows Tanned Furskins'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 Tanned Furskins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$672k
IMPORTS (2022)$38M
NET TRADE (2022)-$37.3M

In 2022, South Korea exported $672k in Tanned Furskins. The main destinations of South Korea exports on Tanned Furskins were Turkey ($224k), Vietnam ($189k), Italy ($82k), Hong Kong ($66.4k), and Greece ($56.8k).

In 2022, South Korea imported $38M in Tanned Furskins, mainly from Turkey ($13.3M), Thailand ($10.1M), China ($8.03M), Spain ($3.31M), and Italy ($1.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanned Furskins EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$167k (294%)
Vietnam$138k (270%)
Italy$69.3k (549%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanned Furskins BY South Korea WERE (2021 - 2022):
China-$489k (-98.5%)
Hong Kong-$117k (-63.8%)
United Kingdom-$12.5k (-100%)
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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 Tanned Furskins were:
China $174M
Cambodia $161M
Thailand $124M
In 2022, South Korea's main importing competitors in Tanned Furskins were:
China $329M
Italy $55.7M
Germany $50.6M

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Trade Value of Tanned Furskins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $38.3k
TOP IMPORT POTENTIALChina+ $1.95M

Tanned Furskins’s highest export potential is Italy. With an export gap of $38.3k.   Tanned Furskins’s highest import potential is China with an import gap of $1.95M.

See methodology.

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