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2022
Exports $69.7MWorld Rnk 6 / 132
Flag Rnk 431 / 1204
2022
Destination $5.72M Spain
2021 - 2022
FASTEST GROWING MARKET $5.72MSpain
2022
PRODUCT COMPLEXITY IN Artificial Filament Yarn Woven Fabric0.078Rnk 527 / 1025
2022
Imports $8.9MWorld Rnk 39 / 188
Flag Rnk 956 / 1213
2022
Origin $357k Japan
2021 - 2022
FASTEST GROWING ORIGIN $357kItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $69.7M in Artificial Filament Yarn Woven Fabric, making it the 6th largest exporter of Artificial Filament Yarn Woven Fabric in the world. At the same year, Artificial Filament Yarn Woven Fabric was the 431st most exported product in South Korea. The main destination of Artificial Filament Yarn Woven Fabric exports from South Korea are: Spain ($16.3M), United States ($10.2M), Vietnam ($7.07M), China ($6.98M), and Turkey ($4.75M).

The fastest growing export markets for Artificial Filament Yarn Woven Fabric of South Korea between 2021 and 2022 were Spain ($5.72M), Vietnam ($2.81M), and United States ($1.85M).

Imports In 2022, South Korea imported $8.9M in Artificial Filament Yarn Woven Fabric, becoming the 39th largest importer of Artificial Filament Yarn Woven Fabric in the world. At the same year, Artificial Filament Yarn Woven Fabric was the 956th most imported product in South Korea. South Korea imports Artificial Filament Yarn Woven Fabric primarily from: Japan ($3.78M), Italy ($2.8M), China ($1.82M), United States ($229k), and Turkey ($59.4k).

The fastest growing import markets in Artificial Filament Yarn Woven Fabric for South Korea between 2021 and 2022 were Italy ($357k), United States ($179k), and Australia ($42.7k).

COMPANIES In 2023, leading companies such as Hankook Tires (1), LG Electronics (1), and General Motors (1) were at the forefront of shipping Artificial Filament Yarn Woven Fabric from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Artificial Filament Yarn Woven Fabric exports accounted up to $4.94M and imports accounted up to $688k, resulting in a positive trade balance of $4.25M. Between July 2023 and July 2024 the exports of South Korea's   Artificial Filament Yarn Woven Fabric have increased by $225k (4.77%) from $4.71M to $4.94M, while imports increased by $106k (18.2%) from $582k to $688k.

Destinations In July 2024, Artificial Filament Yarn Woven Fabric were exported mostly to China ($1.2M), Spain ($932k), United States ($600k), Vietnam ($449k), and Canada ($303k), and were imported mostly from Japan ($286k), Italy ($220k), China ($165k), Turkey ($9k), and Indonesia ($4k).

Growth In July 2024, the increase in Artificial Filament Yarn Woven Fabric's year-by-year exports was explained primarily by an increase in exports to Canada ($225k or 433%), Hong Kong ($113k or 141%), and United Arab Emirates ($96k or 738%). In July 2024, the increase in Artificial Filament Yarn Woven Fabric's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$225k(4.77%)
IMPORT GROWTH (July 2023 - July 2024)$106k(18.2%)
MAIN DESTINATION (July 2024)China$1.2M

This section shows Artificial Filament Yarn Woven Fabric'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 Filament Yarn Woven Fabric over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$69.7M
IMPORTS (2022)$8.9M
NET TRADE (2022)$60.8M

In 2022, South Korea exported $69.7M in Artificial Filament Yarn Woven Fabric. The main destinations of South Korea exports on Artificial Filament Yarn Woven Fabric were Spain ($16.3M), United States ($10.2M), Vietnam ($7.07M), China ($6.98M), and Turkey ($4.75M).

In 2022, South Korea imported $8.9M in Artificial Filament Yarn Woven Fabric, mainly from Japan ($3.78M), Italy ($2.8M), China ($1.82M), United States ($229k), and Turkey ($59.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Artificial Filament Yarn Woven Fabric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Spain$5.72M (54.1%)
Vietnam$2.81M (65.8%)
United States$1.85M (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Artificial Filament Yarn Woven Fabric BY South Korea WERE (2021 - 2022):
China-$1.05M (-13.1%)
Saudi Arabia-$970k (-78.7%)
Canada-$492k (-32.1%)
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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 Filament Yarn Woven Fabric were:
China $402M
Italy $240M
Japan $135M
In 2022, South Korea's main importing competitors in Artificial Filament Yarn Woven Fabric were:
Morocco $91.7M
China $76.7M
Spain $76.5M

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Trade Value of Artificial Filament Yarn Woven Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.58M
TOP IMPORT POTENTIALChina+ $1.41M

Artificial Filament Yarn Woven Fabric’s highest export potential is China. With an export gap of $2.58M.   Artificial Filament Yarn Woven Fabric’s highest import potential is China with an import gap of $1.41M.

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