2023
Exports
$24.5MWorld Rnk 29 / 206
Flag Rnk 573 / 1188
2023
PRODUCT COMPLEXITY IN Leather Apparel
-1.15Rnk 867 / 1025
2023
Imports
$203MWorld Rnk 11 / 225
Flag Rnk 313 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $24.5M in Leather Apparel, making it the 29th largest exporter of Leather Apparel in the world. At the same year, Leather Apparel was the 573rd most exported product in South Korea. The main destination of Leather Apparel exports from South Korea are: United States ($11.2M), Hong Kong ($3.1M), Italy ($1.51M), Canada ($1.4M), and Japan ($1.34M).

The fastest growing export markets for Leather Apparel of South Korea between 2022 and 2023 were Italy ($514k), Dominican Republic ($489k), and Indonesia ($359k).

Imports In 2023, South Korea imported $203M in Leather Apparel, becoming the 11th largest importer of Leather Apparel in the world. At the same year, Leather Apparel was the 313th most imported product in South Korea. South Korea imports Leather Apparel primarily from: Italy ($59.6M), China ($40M), Hong Kong ($23.3M), Indonesia ($22.7M), and France ($21.8M).

The fastest growing import markets in Leather Apparel for South Korea between 2022 and 2023 were Hong Kong ($23.1M), France ($10.2M), and Germany ($2.98M).

COMPANIES In 2024, leading companies such as LG Electronics (6) and Costco Wholesale (2) were at the forefront of shipping Leather Apparel from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$616k(27.4%)
IMPORT GROWTH (December 2023 - December 2024)$625k(3.87%)
MAIN DESTINATION (December 2024)United States$961k

This section shows Leather Apparel'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 Leather Apparel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.5M
IMPORTS (2023)$203M
NET TRADE (2023)-$178M

In 2023, South Korea exported $24.5M in Leather Apparel. The main destinations of South Korea exports on Leather Apparel were United States ($11.2M), Hong Kong ($3.1M), Italy ($1.51M), Canada ($1.4M), and Japan ($1.34M).

In 2023, South Korea imported $203M in Leather Apparel, mainly from Italy ($59.6M), China ($40M), Hong Kong ($23.3M), Indonesia ($22.7M), and France ($21.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Leather Apparel EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Italy$514k (51.8%)
Dominican Republic$489k (53.5k%)
Indonesia$359k (326%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Apparel BY South Korea WERE (2022 - 2023):
United States-$6.4M (-36.4%)
Hong Kong-$1.24M (-28.5%)
Canada-$898k (-39%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Leather Apparel were:
Italy $1.29B
China $1.14B
India $848M
In 2023, South Korea's main importing competitors in Leather Apparel were:

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Trade Value of Leather Apparel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.33M
TOP IMPORT POTENTIALChina+ $14.8M

Leather Apparel’s highest export potential is China. With an export gap of $2.33M.   Leather Apparel’s highest import potential is China with an import gap of $14.8M.

See methodology.

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