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2022
Exports $1.49MWorld Rnk 23 / 136
Flag Rnk 950 / 1204
2022
Destination $30.7k Vietnam
2021 - 2022
FASTEST GROWING MARKET $30.7kGuatemala
2022
Imports $2.07MWorld Rnk 23 / 194
Flag Rnk 1095 / 1213
2022
Origin $199k Pakistan
2021 - 2022
FASTEST GROWING ORIGIN $199kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.49M in Cotton Sewing Thread, making it the 23rd largest exporter of Cotton Sewing Thread in the world. At the same year, Cotton Sewing Thread was the 950th most exported product in South Korea. The main destination of Cotton Sewing Thread exports from South Korea are: Vietnam ($393k), Nicaragua ($332k), Indonesia ($250k), Burma ($99.7k), and Guatemala ($94.3k).

The fastest growing export markets for Cotton Sewing Thread of South Korea between 2021 and 2022 were Guatemala ($30.7k), China ($23.2k), and Mexico ($8.83k).

Imports In 2022, South Korea imported $2.07M in Cotton Sewing Thread, becoming the 23rd largest importer of Cotton Sewing Thread in the world. At the same year, Cotton Sewing Thread was the 1095th most imported product in South Korea. South Korea imports Cotton Sewing Thread primarily from: Pakistan ($631k), China ($598k), India ($393k), Vietnam ($152k), and Denmark ($128k).

The fastest growing import markets in Cotton Sewing Thread for South Korea between 2021 and 2022 were China ($199k), India ($130k), and Denmark ($88.3k).

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Cotton Sewing Thread exports accounted up to $95k and imports accounted up to $30k, resulting in a positive trade balance of $65k. Between November 2023 and November 2024 the exports of South Korea's   Cotton Sewing Thread have increased by $68k (252%) from $27k to $95k, while imports decreased by $-52k (-63.4%) from $82k to $30k.

Destinations In November 2024, Cotton Sewing Thread were exported mostly to Philippines ($38k), Mexico ($33k), Poland ($20k), Vietnam ($2k), and China ($1k), and were imported mostly from China ($15k), Denmark ($13k), Germany ($2k), Egypt ($0), and Indonesia ($0).

Growth In November 2024, the increase in Cotton Sewing Thread's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Cotton Sewing Thread's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-73k or -98.6%), Denmark ($-18k or -69.2%), and Italy ($-16k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$68k(252%)
IMPORT GROWTH (November 2023 - November 2024)$-52k(-63.4%)
MAIN DESTINATION (November 2024)Philippines$38k

This section shows Cotton Sewing Thread'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 Cotton Sewing Thread over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.49M
IMPORTS (2022)$2.07M
NET TRADE (2022)-$580k

In 2022, South Korea exported $1.49M in Cotton Sewing Thread. The main destinations of South Korea exports on Cotton Sewing Thread were Vietnam ($393k), Nicaragua ($332k), Indonesia ($250k), Burma ($99.7k), and Guatemala ($94.3k).

In 2022, South Korea imported $2.07M in Cotton Sewing Thread, mainly from Pakistan ($631k), China ($598k), India ($393k), Vietnam ($152k), and Denmark ($128k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton Sewing Thread EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Guatemala$30.7k (48.2%)
China$23.2k (79.2%)
Mexico$8.83k (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton Sewing Thread BY South Korea WERE (2021 - 2022):
Dominican Republic-$154k (-78.8%)
Haiti-$134k (-92.1%)
Vietnam-$101k (-20.5%)
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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 Cotton Sewing Thread were:
China $32.9M
India $17.3M
United States $11.3M
In 2022, South Korea's main importing competitors in Cotton Sewing Thread were:
United States $10.3M
Guatemala $9.51M
Dominican Republic $8.08M

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Trade Value of Cotton Sewing Thread by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Cotton Sewing Thread’s highest export potential is N/A. With an export gap of N/A.   Cotton Sewing Thread’s highest import potential is N/A with an import gap of N/A.

See methodology.

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