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2022
Exports $5.33MWorld Rnk 16 / 102
Flag Rnk 821 / 1204
2022
Destination $286k Japan
2021 - 2022
FASTEST GROWING MARKET $286kNetherlands
2022
Imports $9.79MWorld Rnk 9 / 140
Flag Rnk 943 / 1213
2022
Origin $183k Japan
2021 - 2022
FASTEST GROWING ORIGIN $183kIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.33M in Artificial Fibers Waste, making it the 16th largest exporter of Artificial Fibers Waste in the world. At the same year, Artificial Fibers Waste was the 821st most exported product in South Korea. The main destination of Artificial Fibers Waste exports from South Korea are: Japan ($4.34M), Netherlands ($544k), Indonesia ($119k), Angola ($113k), and Belgium ($82.4k).

The fastest growing export markets for Artificial Fibers Waste of South Korea between 2021 and 2022 were Netherlands ($286k), Angola ($81.3k), and Canada ($38.9k).

Imports In 2022, South Korea imported $9.79M in Artificial Fibers Waste, becoming the 9th largest importer of Artificial Fibers Waste in the world. At the same year, Artificial Fibers Waste was the 943rd most imported product in South Korea. South Korea imports Artificial Fibers Waste primarily from: Japan ($3.97M), United States ($2.62M), Vietnam ($2.45M), Chinese Taipei ($415k), and Indonesia ($310k).

The fastest growing import markets in Artificial Fibers Waste for South Korea between 2021 and 2022 were Indonesia ($183k), Chinese Taipei ($17.4k), and El Salvador ($8.21k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Artificial Fibers Waste exports accounted up to $161k and imports accounted up to $1.01M, resulting in a negative trade balance of $853k. Between July 2023 and July 2024 the exports of South Korea's   Artificial Fibers Waste have increased by $150k (1.36k%) from $11k to $161k, while imports increased by $407k (67.1%) from $607k to $1.01M.

Destinations In July 2024, Artificial Fibers Waste were exported mostly to Netherlands ($87k), United Kingdom ($74k), China ($0), Indonesia ($0), and Japan ($0), and were imported mostly from Vietnam ($382k), Japan ($278k), United States ($255k), Thailand ($42k), and Mexico ($37k).

Growth In July 2024, the increase in Artificial Fibers Waste's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Artificial Fibers Waste's year-by-year imports was explained primarily by an increase in imports from Japan ($232k or 50.9%) and Indonesia ($3k or 21.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$150k(1.36k%)
IMPORT GROWTH (July 2023 - July 2024)$407k(67.1%)
MAIN DESTINATION (July 2024)Netherlands$87k

This section shows Artificial Fibers Waste'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 Artificial Fibers Waste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.33M
IMPORTS (2022)$9.79M
NET TRADE (2022)-$4.45M

In 2022, South Korea exported $5.33M in Artificial Fibers Waste. The main destinations of South Korea exports on Artificial Fibers Waste were Japan ($4.34M), Netherlands ($544k), Indonesia ($119k), Angola ($113k), and Belgium ($82.4k).

In 2022, South Korea imported $9.79M in Artificial Fibers Waste, mainly from Japan ($3.97M), United States ($2.62M), Vietnam ($2.45M), Chinese Taipei ($415k), and Indonesia ($310k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Fibers Waste EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Netherlands$286k (111%)
Angola$81.3k (254%)
Canada$38.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Fibers Waste BY South Korea WERE (2021 - 2022):
Japan-$1.02M (-19%)
Indonesia-$449k (-79.1%)
Dominican Republic-$155k (-81.3%)
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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 Artificial Fibers Waste were:
Belgium $32.6M
United States $31.6M
Netherlands $17.2M
In 2022, South Korea's main importing competitors in Artificial Fibers Waste were:
Italy $33.2M
Germany $31.6M
Netherlands $25.8M

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Trade Value of Artificial Fibers Waste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $39.7k
TOP IMPORT POTENTIALIndonesia+ $80.1k

Artificial Fibers Waste’s highest export potential is Mexico. With an export gap of $39.7k.   Artificial Fibers Waste’s highest import potential is Indonesia with an import gap of $80.1k.

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