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2022
Exports $7.63MWorld Rnk 16 / 151
Flag Rnk 769 / 1204
2022
Destination $188k Vietnam
2021 - 2022
FASTEST GROWING MARKET $188kBurma
2022
PRODUCT COMPLEXITY IN Furskin Apparel-0.18Rnk 610 / 1025
2022
Imports $214MWorld Rnk 2 / 187
Flag Rnk 339 / 1213
2022
Origin $4.55M China
2021 - 2022
FASTEST GROWING ORIGIN $4.55MItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.63M in Furskin Apparel, making it the 16th largest exporter of Furskin Apparel in the world. At the same year, Furskin Apparel was the 769th most exported product in South Korea. The main destination of Furskin Apparel exports from South Korea are: Vietnam ($3.8M), Italy ($831k), United States ($747k), Hong Kong ($560k), and Indonesia ($415k).

The fastest growing export markets for Furskin Apparel of South Korea between 2021 and 2022 were Burma ($188k), United States ($120k), and United Kingdom ($39.1k).

Imports In 2022, South Korea imported $214M in Furskin Apparel, becoming the 2nd largest importer of Furskin Apparel in the world. At the same year, Furskin Apparel was the 339th most imported product in South Korea. South Korea imports Furskin Apparel primarily from: China ($164M), Italy ($31.8M), France ($8.81M), Greece ($3.1M), and Turkey ($1.92M).

The fastest growing import markets in Furskin Apparel for South Korea between 2021 and 2022 were Italy ($4.55M), France ($2.53M), and Greece ($1.5M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Furskin Apparel exports accounted up to $576k and imports accounted up to $12.4M, resulting in a negative trade balance of $11.9M. Between October 2023 and October 2024 the exports of South Korea's   Furskin Apparel have increased by $273k (90.1%) from $303k to $576k, while imports decreased by $-1.63M (-11.6%) from $14.1M to $12.4M.

Destinations In October 2024, Furskin Apparel were exported mostly to China ($159k), Italy ($138k), Japan ($82k), United States ($80k), and Hong Kong ($46k), and were imported mostly from China ($5.29M), Italy ($4.37M), France ($1.38M), Greece ($686k), and Turkey ($449k).

Growth In October 2024, the increase in Furskin Apparel's year-by-year exports was explained primarily by an increase in exports to Italy ($47k or 522%) and Netherlands ($1k or 50%). In October 2024, the decrease in Furskin Apparel's year-by-year imports was explained primarily by a decrease in imports from China ($-747k or -32.1%), Turkey ($-190k or -69.1%), and Germany ($-28k or -96.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$273k(90.1%)
IMPORT GROWTH (October 2023 - October 2024)$-1.63M(-11.6%)
MAIN DESTINATION (October 2024)China$159k

This section shows Furskin Apparel'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 Furskin Apparel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.63M
IMPORTS (2022)$214M
NET TRADE (2022)-$206M

In 2022, South Korea exported $7.63M in Furskin Apparel. The main destinations of South Korea exports on Furskin Apparel were Vietnam ($3.8M), Italy ($831k), United States ($747k), Hong Kong ($560k), and Indonesia ($415k).

In 2022, South Korea imported $214M in Furskin Apparel, mainly from China ($164M), Italy ($31.8M), France ($8.81M), Greece ($3.1M), and Turkey ($1.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Furskin Apparel EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Burma$188k (1.24k%)
United States$120k (19.2%)
United Kingdom$39.1k (21.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Furskin Apparel BY South Korea WERE (2021 - 2022):
China-$871k (-72.3%)
Vietnam-$546k (-12.6%)
Indonesia-$427k (-50.7%)
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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 Furskin Apparel were:
China $1.24B
Italy $298M
Turkey $108M
In 2022, South Korea's main importing competitors in Furskin Apparel were:
Russia $802M
United States $165M

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Trade Value of Furskin Apparel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $418k
TOP IMPORT POTENTIALTurkey+ $994k

Furskin Apparel’s highest export potential is China. With an export gap of $418k.   Furskin Apparel’s highest import potential is Turkey with an import gap of $994k.

See methodology.

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