Non-knitted clothing accesories in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $849M in Non-knitted clothing accesories, making it the 35th largest exporter of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 44th most exported product in South Korea. The main destination of Non-knitted clothing accesories exports from South Korea are: China ($271M), Vietnam ($182M), Japan ($67.5M), Hong Kong ($50.1M), and United States ($49.5M).

The fastest growing export markets for Non-knitted clothing accesories of South Korea between 2021 and 2022 were Hong Kong ($9.06M), United States ($8.88M), and Canada ($7.53M).

Imports In 2022, South Korea imported $7.66B in Non-knitted clothing accesories, becoming the 10th largest importer of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 15th most imported product in South Korea. South Korea imports Non-knitted clothing accesories primarily from: China ($3.09B), Vietnam ($2.07B), Italy ($485M), Burma ($370M), and Indonesia ($316M).

The fastest growing import markets in Non-knitted clothing accesories for South Korea between 2021 and 2022 were China ($555M), Vietnam ($144M), and Burma ($113M).

COMPANIES In 2023, leading companies such as FORD MOTOR COMPANY (900), SAMSUNG ELECTRONICS AMERICA (686), and MAHLE BEHR DAYTON L.L.C. (33) were at the forefront of shipping Non-knitted clothing accesories from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Non-knitted clothing accesories exports accounted up to $65M and imports accounted up to $530M, resulting in a negative trade balance of $465M. Between February 2023 and February 2024 the exports of South Korea's Non-knitted clothing accesories have decreased by $-13.2M (-16.9%) from $78.2M to $65M, while imports increased by $19M (3.73%) from $511M to $530M.

Destinations In February 2024, Non-knitted clothing accesories were exported mostly to China ($19.2M), Vietnam ($17.5M), Japan ($4.74M), United States ($4.39M), and Indonesia ($3.7M), and were imported mostly from Vietnam ($179M), China ($115M), Italy ($43M), Burma ($37M), and Bangladesh ($31.8M).

Growth In February 2024, the decrease in Non-knitted clothing accesories's year-by-year exports was explained primarily by a decrease in exports to China ($-8.57M or -32.3%), Hong Kong ($-3.81M or -57.7%), and Vietnam ($-3.76M or -20.1%). In February 2024, the increase in Non-knitted clothing accesories's year-by-year imports was explained primarily by an increase in imports from Vietnam ($58.9M or 30.4%), Bangladesh ($6.86M or 36.2%), and Indonesia ($6.58M or 27.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-13.2M(-16.9%)

IMPORT GROWTH (February 2023 - February 2024)$19M(3.73%)

MAIN DESTINATION (February 2024)China$19.2M

This section shows Non-knitted clothing accesories'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 Non-knitted clothing accesories over time.

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