2022
Exports
$14.1MWorld Rnk 15 / 158
Flag Rnk 692 / 1204
2022
PRODUCT COMPLEXITY IN Embroidery
-0.41Rnk 676 / 1025
2022
Imports
$6.71MWorld Rnk 52 / 202
Flag Rnk 985 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $14.1M in Embroidery, making it the 15th largest exporter of Embroidery in the world. At the same year, Embroidery was the 692nd most exported product in South Korea. The main destination of Embroidery exports from South Korea are: Nigeria ($4.96M), United Arab Emirates ($1.28M), Thailand ($989k), Singapore ($739k), and United States ($646k).

The fastest growing export markets for Embroidery of South Korea between 2021 and 2022 were Nigeria ($1.16M), United Arab Emirates ($547k), and Singapore ($395k).

Imports In 2022, South Korea imported $6.71M in Embroidery, becoming the 52nd largest importer of Embroidery in the world. At the same year, Embroidery was the 985th most imported product in South Korea. South Korea imports Embroidery primarily from: China ($3.55M), India ($1.19M), Burma ($323k), Vietnam ($306k), and Italy ($274k).

The fastest growing import markets in Embroidery for South Korea between 2021 and 2022 were Burma ($203k), Turkey ($139k), and Italy ($120k).

COMPANIES In 2023, leading companies such as John Deere (1) were at the forefront of shipping Embroidery from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-154k(-16.3%)
IMPORT GROWTH (July 2023 - July 2024)$-105k(-13.5%)
MAIN DESTINATION (July 2024)Nigeria$244k

This section shows Embroidery'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 Embroidery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$14.1M
IMPORTS (2022)$6.71M
NET TRADE (2022)$7.36M

In 2022, South Korea exported $14.1M in Embroidery. The main destinations of South Korea exports on Embroidery were Nigeria ($4.96M), United Arab Emirates ($1.28M), Thailand ($989k), Singapore ($739k), and United States ($646k).

In 2022, South Korea imported $6.71M in Embroidery, mainly from China ($3.55M), India ($1.19M), Burma ($323k), Vietnam ($306k), and Italy ($274k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Embroidery EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Nigeria$1.16M (30.6%)
Singapore$395k (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Embroidery BY South Korea WERE (2021 - 2022):
Vietnam-$875k (-59.8%)
China-$356k (-59.4%)
Indonesia-$306k (-47.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Embroidery were:
China $897M
India $164M
In 2022, South Korea's main importing competitors in Embroidery were:

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Trade Value of Embroidery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $485k
TOP IMPORT POTENTIALChina+ $1.96M

Embroidery’s highest export potential is United States. With an export gap of $485k.   Embroidery’s highest import potential is China with an import gap of $1.96M.

See methodology.

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