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2022
Exports $182MWorld Rnk 14 / 218
Flag Rnk 68 / 96
2022
Destination $9.12M United States
2021 - 2022
FASTEST GROWING MARKET $9.12MUkraine
2022
PRODUCT COMPLEXITY IN Headgear0.5Rnk 367 / 1025
2022
Imports $350MWorld Rnk 11 / 225
Flag Rnk 74 / 96
2022
Origin $68.1M China
2021 - 2022
FASTEST GROWING ORIGIN $68.1MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $182M in Headgear, making it the 14th largest exporter of Headgear in the world. At the same year, Headgear was the 68th most exported product in South Korea. The main destination of Headgear exports from South Korea are: United States ($48.3M), China ($26.1M), France ($19.3M), Vietnam ($16.8M), and Bangladesh ($12.9M).

The fastest growing export markets for Headgear of South Korea between 2021 and 2022 were Ukraine ($9.12M), United States ($7.01M), and Germany ($3.9M).

Imports In 2022, South Korea imported $350M in Headgear, becoming the 11th largest importer of Headgear in the world. At the same year, Headgear was the 74th most imported product in South Korea. South Korea imports Headgear primarily from: China ($211M), Vietnam ($60.4M), Italy ($23M), United States ($8.35M), and Japan ($6.5M).

The fastest growing import markets in Headgear for South Korea between 2021 and 2022 were China ($68.1M), Vietnam ($9.12M), and Italy ($7.74M).

COMPANIES In 2023, leading companies such as LG Electronics (22), Samsung (11), and General Motors (3) were at the forefront of shipping Headgear from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Headgear exports accounted up to $11.9M and imports accounted up to $25.4M, resulting in a negative trade balance of $13.5M. Between September 2023 and September 2024 the exports of South Korea's   Headgear have increased by $3.98M (50.2%) from $7.93M to $11.9M, while imports increased by $1.65M (6.93%) from $23.7M to $25.4M.

Destinations In September 2024, Headgear were exported mostly to United States ($2.95M), Poland ($2.43M), Vietnam ($1.43M), China ($1.17M), and France ($913k), and were imported mostly from China ($12.7M), Vietnam ($5.82M), Italy ($1.79M), Japan ($825k), and United States ($812k).

Growth In September 2024, the increase in Headgear's year-by-year exports was explained primarily by an increase in exports to France ($310k or 17.7%), Bangladesh ($196k or 30.5%), and Canada ($188k or 409%). In September 2024, the increase in Headgear's year-by-year imports was explained primarily by an increase in imports from China ($2.99M or 26.5%), Vietnam ($2.22M or 36.6%), and Italy ($542k or 28.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$3.98M(50.2%)
IMPORT GROWTH (September 2023 - September 2024)$1.65M(6.93%)
MAIN DESTINATION (September 2024)United States$2.95M

This section shows Headgear'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 Headgear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$182M
IMPORTS (2022)$350M
NET TRADE (2022)-$169M

In 2022, South Korea exported $182M in Headgear. The main destinations of South Korea exports on Headgear were United States ($48.3M), China ($26.1M), France ($19.3M), Vietnam ($16.8M), and Bangladesh ($12.9M).

In 2022, South Korea imported $350M in Headgear, mainly from China ($211M), Vietnam ($60.4M), Italy ($23M), United States ($8.35M), and Japan ($6.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Headgear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Ukraine$9.12M (117k%)
United States$7.01M (17%)
Germany$3.9M (552%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Headgear BY South Korea WERE (2021 - 2022):
China-$21.6M (-45.3%)
France-$2.85M (-12.9%)
Latvia-$1.9M (-99.1%)
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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 Headgear were:
China $7.5B
Vietnam $879M
Italy $746M
In 2022, South Korea's main importing competitors in Headgear were:
United States $3.77B
Germany $1.32B
France $817M

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Trade Value of Headgear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.79M
TOP IMPORT POTENTIALChina+ $38.6M

Headgear’s highest export potential is United States. With an export gap of $4.79M.   Headgear’s highest import potential is China with an import gap of $38.6M.

See methodology.

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