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2022
Exports $49.8MWorld Rnk 29 / 200
Flag Rnk 489 / 1204
2022
Destination $15.1M United States
2021 - 2022
FASTEST GROWING MARKET $15.1MUnited States
2022
PRODUCT COMPLEXITY IN Knit Men's Shirts-1.58Rnk 957 / 1025
2022
Imports $176MWorld Rnk 13 / 222
Flag Rnk 394 / 1213
2022
Origin $14.5M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $14.5MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $49.8M in Knit Men's Shirts, making it the 29th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 489th most exported product in South Korea. The main destination of Knit Men's Shirts exports from South Korea are: United States ($37.1M), China ($5.84M), Germany ($1.24M), Japan ($1.16M), and Vietnam ($945k).

The fastest growing export markets for Knit Men's Shirts of South Korea between 2021 and 2022 were United States ($15.1M), Germany ($979k), and Vietnam ($790k).

Imports In 2022, South Korea imported $176M in Knit Men's Shirts, becoming the 13th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 394th most imported product in South Korea. South Korea imports Knit Men's Shirts primarily from: Vietnam ($76.9M), China ($44.6M), Burma ($7.95M), Italy ($7.19M), and Bangladesh ($6.36M).

The fastest growing import markets in Knit Men's Shirts for South Korea between 2021 and 2022 were China ($14.5M), Vietnam ($10.6M), and Burma ($3.09M).

COMPANIES In 2023, leading companies such as Tesla (2) were at the forefront of shipping Knit Men's Shirts from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Knit Men's Shirts exports accounted up to $2.72M and imports accounted up to $10.9M, resulting in a negative trade balance of $8.22M. Between October 2023 and October 2024 the exports of South Korea's   Knit Men's Shirts have decreased by $-991k (-26.7%) from $3.71M to $2.72M, while imports increased by $3.36M (44.3%) from $7.58M to $10.9M.

Destinations In October 2024, Knit Men's Shirts were exported mostly to United States ($1.92M), China ($279k), Japan ($156k), Bahrain ($52k), and Sweden ($50k), and were imported mostly from Vietnam ($4.45M), China ($2.82M), Burma ($969k), Bangladesh ($579k), and Indonesia ($410k).

Growth In October 2024, the decrease in Knit Men's Shirts's year-by-year exports was explained primarily by a decrease in exports to Germany ($-316k or -84.3%), Sweden ($-137k or -80.1%), and China ($-134k or -14.5%). In October 2024, the increase in Knit Men's Shirts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($5.29M or 71.9%), Turkey ($467k or 147%), and Cambodia ($292k or 113%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-991k(-26.7%)
IMPORT GROWTH (October 2023 - October 2024)$3.36M(44.3%)
MAIN DESTINATION (October 2024)United States$1.92M

This section shows Knit Men's Shirts'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 Knit Men's Shirts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.8M
IMPORTS (2022)$176M
NET TRADE (2022)-$126M

In 2022, South Korea exported $49.8M in Knit Men's Shirts. The main destinations of South Korea exports on Knit Men's Shirts were United States ($37.1M), China ($5.84M), Germany ($1.24M), Japan ($1.16M), and Vietnam ($945k).

In 2022, South Korea imported $176M in Knit Men's Shirts, mainly from Vietnam ($76.9M), China ($44.6M), Burma ($7.95M), Italy ($7.19M), and Bangladesh ($6.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Shirts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$15.1M (68.6%)
Germany$979k (379%)
Vietnam$790k (511%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Shirts BY South Korea WERE (2021 - 2022):
Japan-$1.14M (-49.5%)
China-$634k (-9.8%)
Austria-$31.6k (-96.4%)
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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 Knit Men's Shirts were:
Bangladesh $1.44B
China $1.42B
Vietnam $920M
In 2022, South Korea's main importing competitors in Knit Men's Shirts were:
United States $2.7B
Germany $804M
United Kingdom $512M

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Trade Value of Knit Men's Shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.27M
TOP IMPORT POTENTIALChina+ $13.6M

Knit Men's Shirts’s highest export potential is China. With an export gap of $2.27M.   Knit Men's Shirts’s highest import potential is China with an import gap of $13.6M.

See methodology.

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