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2022
Exports $102MWorld Rnk 31 / 215
Flag Rnk 373 / 1204
2022
Destination $2.13M United States
2021 - 2022
FASTEST GROWING MARKET $2.13MItaly
2022
PRODUCT COMPLEXITY IN Textile Footwear-0.49Rnk 696 / 1025
2022
Imports $1BWorld Rnk 12 / 223
Flag Rnk 106 / 1213
2022
Origin $47.9M China
2021 - 2022
FASTEST GROWING ORIGIN $47.9MIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $102M in Textile Footwear, making it the 31st largest exporter of Textile Footwear in the world. At the same year, Textile Footwear was the 373rd most exported product in South Korea. The main destination of Textile Footwear exports from South Korea are: United States ($35.2M), China ($30.2M), Hong Kong ($6.59M), Italy ($3.36M), and Chinese Taipei ($3.18M).

The fastest growing export markets for Textile Footwear of South Korea between 2021 and 2022 were Italy ($2.13M), China ($1.02M), and Thailand ($904k).

Imports In 2022, South Korea imported $1B in Textile Footwear, becoming the 12th largest importer of Textile Footwear in the world. At the same year, Textile Footwear was the 106th most imported product in South Korea. South Korea imports Textile Footwear primarily from: China ($362M), Vietnam ($356M), Indonesia ($127M), Italy ($64.8M), and France ($18.4M).

The fastest growing import markets in Textile Footwear for South Korea between 2021 and 2022 were Indonesia ($47.9M), China ($43.2M), and Vietnam ($25.4M).

COMPANIES In 2023, leading companies such as Continental Materials (2) and Amazon (1) were at the forefront of shipping Textile Footwear from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Textile Footwear exports accounted up to $6.57M and imports accounted up to $80.8M, resulting in a negative trade balance of $74.3M. Between July 2023 and July 2024 the exports of South Korea's   Textile Footwear have decreased by $-2.76M (-29.6%) from $9.32M to $6.57M, while imports increased by $7.86M (10.8%) from $73M to $80.8M.

Destinations In July 2024, Textile Footwear were exported mostly to United States ($2.08M), China ($1.92M), Hong Kong ($356k), Japan ($340k), and Italy ($296k), and were imported mostly from Vietnam ($33.1M), China ($23.3M), Indonesia ($12.3M), Italy ($7.69M), and Cambodia ($1.25M).

Growth In July 2024, the decrease in Textile Footwear's year-by-year exports was explained primarily by a decrease in exports to China ($-1.14M or -52%), United States ($-819k or -34.3%), and United Kingdom ($-297k or -87.6%). In July 2024, the increase in Textile Footwear's year-by-year imports was explained primarily by an increase in imports from Vietnam ($5.64M or 12.7%), China ($2.04M or 5.5%), and Cambodia ($1.88M or 135%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-2.76M(-29.6%)
IMPORT GROWTH (July 2023 - July 2024)$7.86M(10.8%)
MAIN DESTINATION (July 2024)United States$2.08M

This section shows Textile 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 Textile Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$102M
IMPORTS (2022)$1B
NET TRADE (2022)-$898M

In 2022, South Korea exported $102M in Textile Footwear. The main destinations of South Korea exports on Textile Footwear were United States ($35.2M), China ($30.2M), Hong Kong ($6.59M), Italy ($3.36M), and Chinese Taipei ($3.18M).

In 2022, South Korea imported $1B in Textile Footwear, mainly from China ($362M), Vietnam ($356M), Indonesia ($127M), Italy ($64.8M), and France ($18.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Footwear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$2.13M (172%)
China$1.02M (3.5%)
Thailand$904k (69.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Footwear BY South Korea WERE (2021 - 2022):
United States-$4.5M (-11.3%)
Japan-$1.96M (-48.8%)
Chile-$1.25M (-59.7%)
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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 Textile Footwear were:
China $16.9B
Vietnam $13.2B
Indonesia $3.89B
In 2022, South Korea's main importing competitors in Textile Footwear were:
United States $11.4B
Germany $4.43B
France $2.8B

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Trade Value of Textile Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.7M
TOP IMPORT POTENTIALChina+ $135M

Textile Footwear’s highest export potential is United States. With an export gap of $14.7M.   Textile Footwear’s highest import potential is China with an import gap of $135M.

See methodology.

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