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2023
Exports $9.22kWorld Rnk 52 / 85
Flag Rnk 1150 / 1188
2023
Destination $6.77k China
2022 - 2023
FASTEST GROWING MARKET $6.77kChina
2023
PRODUCT COMPLEXITY IN Jute Yarn-1.16Rnk 870 / 1025
2023
Imports $255kWorld Rnk 49 / 165
Flag Rnk 1156 / 1208
2023
Origin $174k China
2022 - 2023
FASTEST GROWING ORIGIN $174kChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $9.22k in Jute Yarn, making it the 52nd largest exporter of Jute Yarn in the world. At the same year, Jute Yarn was the 1150th most exported product in South Korea. The main destination of Jute Yarn exports from South Korea are: China ($6.77k), Indonesia ($1.38k), Malaysia ($649), and Hong Kong ($421).

The fastest growing export markets for Jute Yarn of South Korea between 2022 and 2023 were China ($6.77k), Malaysia ($649), and Hong Kong ($421).

Imports In 2023, South Korea imported $255k in Jute Yarn, becoming the 49th largest importer of Jute Yarn in the world. At the same year, Jute Yarn was the 1156th most imported product in South Korea. South Korea imports Jute Yarn primarily from: China ($239k), India ($15.7k), and Finland ($150).

The fastest growing import markets in Jute Yarn for South Korea between 2022 and 2023 were China ($174k).

Latest Trends

January 2025

About

Overview In January 2025 South Korea's Jute Yarn exports accounted up to $0 and imports accounted up to $62k, resulting in a negative trade balance of $62k. Between January 2024 and January 2025 the exports of South Korea's   Jute Yarn have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-76k (-55.1%) from $138k to $62k.

Destinations In January 2025, Jute Yarn were exported mostly to Bangladesh ($0) and China ($0), and were imported mostly from Bangladesh ($56k) and China ($6k).

Growth In January 2025, the change in Jute Yarn's year-by-year exports was explained primarily by a decrease in exports to . In January 2025, the decrease in Jute Yarn's year-by-year imports was explained primarily by a decrease in imports from India ($-14k or -93.3%) and China ($-4k or -80%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (January 2024 - January 2025)$-76k(-55.1%)
MAIN DESTINATION (January 2025)Bangladesh$0

This section shows Jute Yarn'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 Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.22k
IMPORTS (2023)$255k
NET TRADE (2023)-$246k

In 2023, South Korea exported $9.22k in Jute Yarn. The main destinations of South Korea exports on Jute Yarn were China ($6.77k), Indonesia ($1.38k), Malaysia ($649), and Hong Kong ($421).

In 2023, South Korea imported $255k in Jute Yarn, mainly from China ($239k), India ($15.7k), and Finland ($150).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Jute Yarn EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
China$6.77k (1%)
Malaysia$649 (1%)
Hong Kong$421 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Jute Yarn BY South Korea WERE (2022 - 2023):
Senegal-$22.7k (-100%)
Vietnam-$6.66k (-100%)
Chinese Taipei-$1.31k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Jute Yarn were:
Bangladesh $412M
India $10.9M
Turkey $10M
In 2023, South Korea's main importing competitors in Jute Yarn were:
Turkey $149M
China $87.1M
India $64.4M

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Trade Value of Jute Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $2.76k
TOP IMPORT POTENTIALBangladesh+ $362k

Jute Yarn’s highest export potential is Indonesia. With an export gap of $2.76k.   Jute Yarn’s highest import potential is Bangladesh with an import gap of $362k.

See methodology.

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