Used clothes & textile articles in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $791M in Used clothes & textile articles, making it the 17th largest exporter of Used clothes & textile articles in the world. At the same year, Used clothes & textile articles was the 47th most exported product in South Korea. The main destination of Used clothes & textile articles exports from South Korea are: United States ($105M), Malaysia ($104M), India ($60M), Japan ($50.1M), and Hong Kong ($44.4M).

The fastest growing export markets for Used clothes & textile articles of South Korea between 2021 and 2022 were Hong Kong ($26.5M), India ($16M), and Chile ($8.49M).

Imports In 2022, South Korea imported $1.37B in Used clothes & textile articles, becoming the 12th largest importer of Used clothes & textile articles in the world. At the same year, Used clothes & textile articles was the 47th most imported product in South Korea. South Korea imports Used clothes & textile articles primarily from: China ($825M), Vietnam ($390M), Bangladesh ($24.8M), Japan ($20.9M), and United States ($12.9M).

The fastest growing import markets in Used clothes & textile articles for South Korea between 2021 and 2022 were Vietnam ($34.9M), France ($1.74M), and Philippines ($1.63M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (9.11k), IKEA SUPPLY AG (4.14k), and LG ELECTRONICS U.S.A. INC. (2.14k) were at the forefront of shipping Used clothes & textile articles from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Used clothes & textile articles exports accounted up to $52.7M and imports accounted up to $75.5M, resulting in a negative trade balance of $22.7M. Between February 2023 and February 2024 the exports of South Korea's Used clothes & textile articles have decreased by $-5.39M (-9.28%) from $58.1M to $52.7M, while imports increased by $2.68M (3.68%) from $72.8M to $75.5M.

Destinations In February 2024, Used clothes & textile articles were exported mostly to Malaysia ($12.1M), United States ($5.02M), Japan ($3.89M), India ($3.74M), and Philippines ($2.87M), and were imported mostly from China ($36.4M), Vietnam ($22M), United States ($3.21M), Japan ($2.13M), and Indonesia ($1.64M).

Growth In February 2024, the decrease in Used clothes & textile articles's year-by-year exports was explained primarily by a decrease in exports to United States ($-12.3M or -73.3%), Australia ($-2.63M or -91.4%), and Germany ($-2.19M or -48.3%). In February 2024, the increase in Used clothes & textile articles's year-by-year imports was explained primarily by an increase in imports from Vietnam ($2.01M or 6.47%), United States ($1.11M or 82.7%), and Singapore ($517k or 229%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-5.39M(-9.28%)

IMPORT GROWTH (February 2023 - February 2024)$2.68M(3.68%)

MAIN DESTINATION (February 2024)Malaysia$12.1M

This section shows Used clothes & textile articles'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 Used clothes & textile articles over time.

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