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2022
Exports $135MWorld Rnk 5 / 187
Flag Rnk 336 / 1204
2022
Destination $2.82M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.82MRussia
2022
PRODUCT COMPLEXITY IN Twine and Rope-0.72Rnk 762 / 1025
2022
Imports $53.7MWorld Rnk 17 / 223
Flag Rnk 652 / 1213
2022
Origin $553k China
2021 - 2022
FASTEST GROWING ORIGIN $553kBangladesh
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $135M in Twine and Rope, making it the 5th largest exporter of Twine and Rope in the world. At the same year, Twine and Rope was the 336th most exported product in South Korea. The main destination of Twine and Rope exports from South Korea are: Vietnam ($16.9M), China ($10.4M), Russia ($9.88M), Singapore ($9.7M), and Indonesia ($8.55M).

The fastest growing export markets for Twine and Rope of South Korea between 2021 and 2022 were Russia ($2.82M), Chinese Taipei ($2.1M), and Chile ($2.06M).

Imports In 2022, South Korea imported $53.7M in Twine and Rope, becoming the 17th largest importer of Twine and Rope in the world. At the same year, Twine and Rope was the 652nd most imported product in South Korea. South Korea imports Twine and Rope primarily from: China ($24.9M), Vietnam ($14.6M), Greece ($2.71M), United States ($2.55M), and Japan ($987k).

The fastest growing import markets in Twine and Rope for South Korea between 2021 and 2022 were Bangladesh ($553k), Turkey ($477k), and Norway ($455k).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Twine and Rope from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Twine and Rope exports accounted up to $11.9M and imports accounted up to $5.77M, resulting in a positive trade balance of $6.09M. Between July 2023 and July 2024 the exports of South Korea's   Twine and Rope have increased by $2.65M (28.8%) from $9.21M to $11.9M, while imports increased by $2.8M (94.1%) from $2.98M to $5.77M.

Destinations In July 2024, Twine and Rope were exported mostly to China ($1.52M), Vietnam ($1.06M), Indonesia ($904k), Singapore ($850k), and Chile ($780k), and were imported mostly from United States ($2.31M), China ($2.19M), Vietnam ($870k), Japan ($123k), and Philippines ($61k).

Growth In July 2024, the increase in Twine and Rope's year-by-year exports was explained primarily by an increase in exports to Japan ($351k or 134%), Iran ($274k or 138%), and Spain ($155k or 53.8%). In July 2024, the increase in Twine and Rope's year-by-year imports was explained primarily by an increase in imports from Italy ($106k or 2.65k%), Slovakia ($29k or 2.9k%), and Sweden ($9k or 52.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.65M(28.8%)
IMPORT GROWTH (July 2023 - July 2024)$2.8M(94.1%)
MAIN DESTINATION (July 2024)China$1.52M

This section shows Twine and Rope'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 Twine and Rope over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$135M
IMPORTS (2022)$53.7M
NET TRADE (2022)$81.7M

In 2022, South Korea exported $135M in Twine and Rope. The main destinations of South Korea exports on Twine and Rope were Vietnam ($16.9M), China ($10.4M), Russia ($9.88M), Singapore ($9.7M), and Indonesia ($8.55M).

In 2022, South Korea imported $53.7M in Twine and Rope, mainly from China ($24.9M), Vietnam ($14.6M), Greece ($2.71M), United States ($2.55M), and Japan ($987k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Twine and Rope EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$2.82M (39.9%)
Chinese Taipei$2.1M (469%)
Chile$2.06M (39.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Twine and Rope BY South Korea WERE (2021 - 2022):
Spain-$3.32M (-87.9%)
Indonesia-$3.13M (-26.8%)
Vietnam-$2.09M (-11%)
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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 Twine and Rope were:
China $914M
Portugal $267M
United States $195M
In 2022, South Korea's main importing competitors in Twine and Rope were:
United States $418M
Germany $133M
France $132M

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Trade Value of Twine and Rope by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.78M
TOP IMPORT POTENTIALChina+ $5.86M

Twine and Rope’s highest export potential is United States. With an export gap of $3.78M.   Twine and Rope’s highest import potential is China with an import gap of $5.86M.

See methodology.

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