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2023
Exports $52.5MWorld Rnk 36 / 209
Flag Rnk 441 / 1188
2023
Destination $583k United States
2022 - 2023
FASTEST GROWING MARKET $583kGermany
2023
PRODUCT COMPLEXITY IN Textile Footwear-0.97Rnk 821 / 1025
2023
Imports $597MWorld Rnk 17 / 221
Flag Rnk 144 / 1208
2023
Origin $36M China
2022 - 2023
FASTEST GROWING ORIGIN $36MFrance
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $52.5M in Textile Footwear, making it the 36th largest exporter of Textile Footwear in the world. At the same year, Textile Footwear was the 441st most exported product in South Korea. The main destination of Textile Footwear exports from South Korea are: United States ($15.2M), China ($12.3M), Hong Kong ($4.34M), Italy ($3.22M), and Germany ($2.3M).

The fastest growing export markets for Textile Footwear of South Korea between 2022 and 2023 were Germany ($583k), Switzerland ($472k), and Spain ($387k).

Imports In 2023, South Korea imported $597M in Textile Footwear, becoming the 17th largest importer of Textile Footwear in the world. At the same year, Textile Footwear was the 144th most imported product in South Korea. South Korea imports Textile Footwear primarily from: China ($354M), Indonesia ($60.5M), Italy ($57.9M), France ($42.9M), and Hong Kong ($30.3M).

The fastest growing import markets in Textile Footwear for South Korea between 2022 and 2023 were France ($36M), Hong Kong ($30.1M), and United Arab Emirates ($7.39M).

COMPANIES In 2024, leading companies such as Bass Pro Shops (2), Amazon (1), and LG Electronics (1) were at the forefront of shipping Textile Footwear from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Textile Footwear exports accounted up to $9.36M and imports accounted up to $103M, resulting in a negative trade balance of $93.2M. Between December 2023 and December 2024 the exports of South Korea's   Textile Footwear have increased by $516k (5.83%) from $8.84M to $9.36M, while imports increased by $7.48M (7.87%) from $95.1M to $103M.

Destinations In December 2024, Textile Footwear were exported mostly to China ($3.33M), United States ($2.46M), Chinese Taipei ($595k), United Arab Emirates ($438k), and Hong Kong ($385k), and were imported mostly from Vietnam ($47.5M), China ($33.1M), Indonesia ($11M), Italy ($6.12M), and Cambodia ($1.17M).

Growth In December 2024, the increase in Textile Footwear's year-by-year exports was explained primarily by an increase in exports to China ($4.25M or 402%), United States ($1.65M or 105%), and Hong Kong ($240k or 101%). In December 2024, the increase in Textile Footwear's year-by-year imports was explained primarily by an increase in imports from Philippines ($1.31M or 573%), Russia ($215k or 3.07k%), and Japan ($99k or 59.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$516k(5.83%)
IMPORT GROWTH (December 2023 - December 2024)$7.48M(7.87%)
MAIN DESTINATION (December 2024)China$3.33M

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 (2023)$52.5M
IMPORTS (2023)$597M
NET TRADE (2023)-$544M

In 2023, South Korea exported $52.5M in Textile Footwear. The main destinations of South Korea exports on Textile Footwear were United States ($15.2M), China ($12.3M), Hong Kong ($4.34M), Italy ($3.22M), and Germany ($2.3M).

In 2023, South Korea imported $597M in Textile Footwear, mainly from China ($354M), Indonesia ($60.5M), Italy ($57.9M), France ($42.9M), and Hong Kong ($30.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Footwear EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Germany$583k (34%)
Switzerland$472k (167%)
Spain$387k (51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Footwear BY South Korea WERE (2022 - 2023):
United States-$21.9M (-59.1%)
China-$9.1M (-42.5%)
Hong Kong-$2.42M (-35.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Textile Footwear were:
China $13.9B
Vietnam $12.4B
Indonesia $3.31B
In 2023, South Korea's main importing competitors in Textile Footwear were:
United States $7.57B
Germany $3.9B
France $2.91B

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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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