2022
Exports
$1.4MWorld Rnk 46 / 183
Flag Rnk 958 / 1204
2022
PRODUCT COMPLEXITY IN Basketwork
-1.47Rnk 944 / 1025
2022
Imports
$42.5MWorld Rnk 13 / 216
Flag Rnk 703 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.4M in Basketwork, making it the 46th largest exporter of Basketwork in the world. At the same year, Basketwork was the 958th most exported product in South Korea. The main destination of Basketwork exports from South Korea are: United Arab Emirates ($674k), United States ($359k), Hong Kong ($147k), Italy ($38.3k), and Paraguay ($21.4k).

The fastest growing export markets for Basketwork of South Korea between 2021 and 2022 were Hong Kong ($143k), United Arab Emirates ($116k), and Italy ($34.3k).

Imports In 2022, South Korea imported $42.5M in Basketwork, becoming the 13th largest importer of Basketwork in the world. At the same year, Basketwork was the 703rd most imported product in South Korea. South Korea imports Basketwork primarily from: China ($32.8M), Vietnam ($3.06M), Indonesia ($2.76M), Spain ($932k), and France ($712k).

The fastest growing import markets in Basketwork for South Korea between 2021 and 2022 were China ($3.57M), Spain ($685k), and France ($473k).

COMPANIES In 2023, leading companies such as At Home Procurement (2) were at the forefront of shipping Basketwork from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$76k(112%)
IMPORT GROWTH (July 2023 - July 2024)$212k(13.6%)
MAIN DESTINATION (July 2024)Italy$87k

This section shows Basketwork'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 Basketwork over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.4M
IMPORTS (2022)$42.5M
NET TRADE (2022)-$41.1M

In 2022, South Korea exported $1.4M in Basketwork. The main destinations of South Korea exports on Basketwork were United Arab Emirates ($674k), United States ($359k), Hong Kong ($147k), Italy ($38.3k), and Paraguay ($21.4k).

In 2022, South Korea imported $42.5M in Basketwork, mainly from China ($32.8M), Vietnam ($3.06M), Indonesia ($2.76M), Spain ($932k), and France ($712k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Basketwork EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$143k (4.15k%)
Italy$34.3k (861%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Basketwork BY South Korea WERE (2021 - 2022):
Saudi Arabia-$219k (-94.8%)
United States-$51.4k (-12.5%)
Czechia-$28.5k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Basketwork were:
In 2022, South Korea's main importing competitors in Basketwork were:

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Trade Value of Basketwork by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $249k
TOP IMPORT POTENTIALChina+ $4.48M

Basketwork’s highest export potential is United States. With an export gap of $249k.   Basketwork’s highest import potential is China with an import gap of $4.48M.

See methodology.

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