2022
Exports
$344MWorld Rnk 28 / 224
Flag Rnk 61 / 96
2022
PRODUCT COMPLEXITY IN Leather articles
-0.063Rnk 569 / 1025
2022
Imports
$3.65BWorld Rnk 7 / 225
Flag Rnk 24 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $344M in Leather articles, making it the 28th largest exporter of Leather articles in the world. At the same year, Leather articles was the 61st most exported product in South Korea. The main destination of Leather articles exports from South Korea are: United States ($68.6M), China ($60.5M), Hong Kong ($48.7M), Japan ($28.7M), and Germany ($20.8M).

The fastest growing export markets for Leather articles of South Korea between 2021 and 2022 were Hong Kong ($4.85M), Singapore ($2.01M), and Chinese Taipei ($1.77M).

Imports In 2022, South Korea imported $3.65B in Leather articles, becoming the 7th largest importer of Leather articles in the world. At the same year, Leather articles was the 24th most imported product in South Korea. South Korea imports Leather articles primarily from: China ($1.47B), Italy ($1.16B), France ($483M), Vietnam ($128M), and United Kingdom ($54.4M).

The fastest growing import markets in Leather articles for South Korea between 2021 and 2022 were China ($203M), Italy ($170M), and Vietnam ($26.5M).

COMPANIES In 2023, leading companies such as Banana Republic (5), LG Electronics (3), and Helly Hansen (2) were at the forefront of shipping Leather articles from South Korea to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-1.88M(-5.26%)
IMPORT GROWTH (August 2023 - August 2024)$-11.6M(-3.68%)
MAIN DESTINATION (August 2024)Hong Kong$6.76M

This section shows Leather articles'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 articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$344M
IMPORTS (2022)$3.65B
NET TRADE (2022)-$3.31B

In 2022, South Korea exported $344M in Leather articles. The main destinations of South Korea exports on Leather articles were United States ($68.6M), China ($60.5M), Hong Kong ($48.7M), Japan ($28.7M), and Germany ($20.8M).

In 2022, South Korea imported $3.65B in Leather articles, mainly from China ($1.47B), Italy ($1.16B), France ($483M), Vietnam ($128M), and United Kingdom ($54.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Leather articles EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$4.85M (11.1%)
Singapore$2.01M (45.1%)
Chinese Taipei$1.77M (37.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather articles BY South Korea WERE (2021 - 2022):
China-$41.4M (-40.6%)
United States-$28.6M (-29.4%)
Netherlands-$7.69M (-67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Leather articles were:
China $36.3B
France $12.5B
Italy $11.3B
In 2022, South Korea's main importing competitors in Leather articles were:

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Trade Value of Leather articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $35.7M
TOP IMPORT POTENTIALChina+ $317M

Leather articles’s highest export potential is China. With an export gap of $35.7M.   Leather articles’s highest import potential is China with an import gap of $317M.

See methodology.

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