2023
Exports
$1.58MWorld Rnk 78 / 191
Flag Rnk 908 / 1188
2023
PRODUCT COMPLEXITY IN Knit Men's Undergarments
-1.47Rnk 942 / 1025
2023
Imports
$105MWorld Rnk 17 / 214
Flag Rnk 471 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.58M in Knit Men's Undergarments, making it the 78th largest exporter of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 908th most exported product in South Korea. The main destination of Knit Men's Undergarments exports from South Korea are: United States ($575k), Chinese Taipei ($250k), Hong Kong ($140k), Indonesia ($112k), and Kyrgyzstan ($109k).

The fastest growing export markets for Knit Men's Undergarments of South Korea between 2022 and 2023 were Singapore ($30.8k), Hong Kong ($25.5k), and Norway ($22.3k).

Imports In 2023, South Korea imported $105M in Knit Men's Undergarments, becoming the 17th largest importer of Knit Men's Undergarments in the world. At the same year, Knit Men's Undergarments was the 471st most imported product in South Korea. South Korea imports Knit Men's Undergarments primarily from: China ($80.1M), Indonesia ($8.22M), United Kingdom ($2.3M), United States ($1.99M), and Sri Lanka ($1.93M).

The fastest growing import markets in Knit Men's Undergarments for South Korea between 2022 and 2023 were China ($3.73M), United Kingdom ($2.07M), and United States ($1.81M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-120k(-50.4%)
IMPORT GROWTH (December 2023 - December 2024)$430k(3.98%)
MAIN DESTINATION (December 2024)United States$71k

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.58M
IMPORTS (2023)$105M
NET TRADE (2023)-$103M

In 2023, South Korea exported $1.58M in Knit Men's Undergarments. The main destinations of South Korea exports on Knit Men's Undergarments were United States ($575k), Chinese Taipei ($250k), Hong Kong ($140k), Indonesia ($112k), and Kyrgyzstan ($109k).

In 2023, South Korea imported $105M in Knit Men's Undergarments, mainly from China ($80.1M), Indonesia ($8.22M), United Kingdom ($2.3M), United States ($1.99M), and Sri Lanka ($1.93M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Men's Undergarments EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$30.8k (119%)
Hong Kong$25.5k (22.2%)
Norway$22.3k (55.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Men's Undergarments BY South Korea WERE (2022 - 2023):
Indonesia-$701k (-86.2%)
United States-$511k (-47%)
China-$398k (-87.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Knit Men's Undergarments were:
In 2023, South Korea's main importing competitors in Knit Men's Undergarments were:

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Trade Value of Knit Men's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.04M
TOP IMPORT POTENTIALChina+ $18.4M

Knit Men's Undergarments’s highest export potential is United States. With an export gap of $1.04M.   Knit Men's Undergarments’s highest import potential is China with an import gap of $18.4M.

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