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2022
Exports $70.7kWorld Rnk 37 / 93
Flag Rnk 1133 / 1204
2022
Destination $30.4k United States
2021 - 2022
FASTEST GROWING MARKET $30.4kUnited States
2022
Imports $3.15MWorld Rnk 14 / 163
Flag Rnk 1065 / 1213
2022
Origin $91.2k Bangladesh
2021 - 2022
FASTEST GROWING ORIGIN $91.2kBangladesh
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $70.7k in Jute and Other Textile Fibers, making it the 37th largest exporter of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 1133rd most exported product in South Korea. The main destination of Jute and Other Textile Fibers exports from South Korea are: United States ($44.4k), Philippines ($15k), Canada ($4.35k), Senegal ($4.16k), and Germany ($2.52k).

The fastest growing export markets for Jute and Other Textile Fibers of South Korea between 2021 and 2022 were United States ($30.4k), Philippines ($14.8k), and Senegal ($4.16k).

Imports In 2022, South Korea imported $3.15M in Jute and Other Textile Fibers, becoming the 14th largest importer of Jute and Other Textile Fibers in the world. At the same year, Jute and Other Textile Fibers was the 1065th most imported product in South Korea. South Korea imports Jute and Other Textile Fibers primarily from: Bangladesh ($3.14M), Netherlands ($8.9k), Malaysia ($2.08k), France ($501), and China ($212).

The fastest growing import markets in Jute and Other Textile Fibers for South Korea between 2021 and 2022 were Bangladesh ($91.2k), Netherlands ($8.9k), and Malaysia ($773).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Jute and Other Textile Fibers exports accounted up to $0 and imports accounted up to $194k, resulting in a negative trade balance of $194k. Between October 2023 and October 2024 the exports of South Korea's   Jute and Other Textile Fibers have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-1k (-0.51%) from $195k to $194k.

Destinations In October 2024, Jute and Other Textile Fibers were exported mostly to Bangladesh ($0), and were imported mostly from Bangladesh ($194k).

Growth In October 2024, the change in Jute and Other Textile Fibers's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Jute and Other Textile Fibers's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$-1k(-0.51%)
MAIN DESTINATION (October 2024)Bangladesh$0

This section shows Jute and Other Textile Fibers'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 Jute and Other Textile Fibers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$70.7k
IMPORTS (2022)$3.15M
NET TRADE (2022)-$3.08M

In 2022, South Korea exported $70.7k in Jute and Other Textile Fibers. The main destinations of South Korea exports on Jute and Other Textile Fibers were United States ($44.4k), Philippines ($15k), Canada ($4.35k), Senegal ($4.16k), and Germany ($2.52k).

In 2022, South Korea imported $3.15M in Jute and Other Textile Fibers, mainly from Bangladesh ($3.14M), Netherlands ($8.9k), Malaysia ($2.08k), France ($501), and China ($212).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Jute and Other Textile Fibers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$30.4k (216%)
Philippines$14.8k (6.24k%)
Senegal$4.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jute and Other Textile Fibers BY South Korea WERE (2021 - 2022):
Poland-$163k (-100%)
Canada-$9.66k (-68.9%)
Nigeria-$9k (-100%)
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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 Jute and Other Textile Fibers were:
Bangladesh $205M
India $29.1M
Tanzania $24.1M
In 2022, South Korea's main importing competitors in Jute and Other Textile Fibers were:
India $97.2M
Pakistan $52M
Nepal $33.2M

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Trade Value of Jute and Other Textile Fibers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.27k
TOP IMPORT POTENTIALNetherlands+ $6.23k

Jute and Other Textile Fibers’s highest export potential is Germany. With an export gap of $2.27k.   Jute and Other Textile Fibers’s highest import potential is Netherlands with an import gap of $6.23k.

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