Furskins, articifial fur, & articles in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $9.35M in Furskins, articifial fur, & articles, making it the 29th largest exporter of Furskins, articifial fur, & articles in the world. At the same year, Furskins, articifial fur, & articles was the 91st most exported product in South Korea. The main destination of Furskins, articifial fur, & articles exports from South Korea are: Vietnam ($4.29M), Italy ($950k), United States ($769k), Hong Kong ($633k), and China ($435k).

The fastest growing export markets for Furskins, articifial fur, & articles of South Korea between 2021 and 2022 were Burma ($197k), Turkey ($153k), and United States ($116k).

Imports In 2022, South Korea imported $279M in Furskins, articifial fur, & articles, becoming the 3rd largest importer of Furskins, articifial fur, & articles in the world. At the same year, Furskins, articifial fur, & articles was the 79th most imported product in South Korea. South Korea imports Furskins, articifial fur, & articles primarily from: China ($175M), Italy ($33.4M), Turkey ($15.2M), Finland ($13.1M), and Thailand ($10.1M).

The fastest growing import markets in Furskins, articifial fur, & articles for South Korea between 2021 and 2022 were Italy ($4M), France ($2.63M), and Canada ($2.02M).

COMPANIES In 2023, leading companies such as LG Electronics (3) were at the forefront of shipping Furskins, articifial fur, & articles from South Korea to the United States.

Latest Trends

October 2024

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Overview In October 2024 South Korea's Furskins, articifial fur, & articles exports accounted up to $738k and imports accounted up to $15.1M, resulting in a negative trade balance of $14.3M. Between October 2023 and October 2024 the exports of South Korea's Furskins, articifial fur, & articles have increased by $324k (78.3%) from $414k to $738k, while imports decreased by $-3.68M (-19.6%) from $18.7M to $15.1M.

Destinations In October 2024, Furskins, articifial fur, & articles were exported mostly to China ($199k), Italy ($138k), Japan ($132k), Hong Kong ($105k), and United States ($81k), and were imported mostly from China ($5.69M), Italy ($4.62M), France ($1.38M), Thailand ($1.37M), and Turkey ($948k).

Growth In October 2024, the increase in Furskins, articifial fur, & articles's year-by-year exports was explained primarily by an increase in exports to Japan ($148k or 1.85k%), Italy ($45k or 409%), and Netherlands ($1k or 50%). In October 2024, the decrease in Furskins, articifial fur, & articles's year-by-year imports was explained primarily by a decrease in imports from China ($-1.07M or -35.7%), Finland ($-825k or -97.4%), and Turkey ($-642k or -79.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$324k(78.3%)

IMPORT GROWTH (October 2023 - October 2024)$-3.68M(-19.6%)

MAIN DESTINATION (October 2024)China$199k

This section shows Furskins, articifial fur, & articles'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 Furskins, articifial fur, & articles over time.

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