2023
Exports
$104MWorld Rnk 14 / 213
Flag Rnk 333 / 1188
2023
PRODUCT COMPLEXITY IN Used Clothing
-0.66Rnk 752 / 1025
2023
Imports
$17.5MWorld Rnk 62 / 216
Flag Rnk 806 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $104M in Used Clothing, making it the 14th largest exporter of Used Clothing in the world. At the same year, Used Clothing was the 333rd most exported product in South Korea. The main destination of Used Clothing exports from South Korea are: Malaysia ($26.4M), Chile ($21.9M), Cambodia ($14.1M), Pakistan ($13.2M), and Thailand ($7.45M).

The fastest growing export markets for Used Clothing of South Korea between 2022 and 2023 were Pakistan ($473k), France ($322k), and Jordan ($77.9k).

Imports In 2023, South Korea imported $17.5M in Used Clothing, becoming the 62nd largest importer of Used Clothing in the world. At the same year, Used Clothing was the 806th most imported product in South Korea. South Korea imports Used Clothing primarily from: Japan ($9.78M), China ($3.54M), United Arab Emirates ($910k), Thailand ($885k), and Chinese Taipei ($401k).

The fastest growing import markets in Used Clothing for South Korea between 2022 and 2023 were United Arab Emirates ($771k), Chinese Taipei ($291k), and Pakistan ($168k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.36M(5.06%)
IMPORT GROWTH (December 2023 - December 2024)$888k(36.5%)
MAIN DESTINATION (December 2024)Malaysia$7.84M

This section shows Used Clothing'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 Clothing over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$104M
IMPORTS (2023)$17.5M
NET TRADE (2023)$86.2M

In 2023, South Korea exported $104M in Used Clothing. The main destinations of South Korea exports on Used Clothing were Malaysia ($26.4M), Chile ($21.9M), Cambodia ($14.1M), Pakistan ($13.2M), and Thailand ($7.45M).

In 2023, South Korea imported $17.5M in Used Clothing, mainly from Japan ($9.78M), China ($3.54M), United Arab Emirates ($910k), Thailand ($885k), and Chinese Taipei ($401k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Used Clothing EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Pakistan$473k (3.71%)
France$322k (504%)
Jordan$77.9k (48%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Used Clothing BY South Korea WERE (2022 - 2023):
Malaysia-$20.7M (-44%)
Nigeria-$20M (-99.9%)
India-$11.7M (-93.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Used Clothing were:
In 2023, South Korea's main importing competitors in Used Clothing were:

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Trade Value of Used Clothing by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.46M
TOP IMPORT POTENTIALChina+ $3.03M

Used Clothing’s highest export potential is China. With an export gap of $2.46M.   Used Clothing’s highest import potential is China with an import gap of $3.03M.

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