2023
Exports
$60.1MWorld Rnk 45 / 222
Flag Rnk 415 / 1188
2023
PRODUCT COMPLEXITY IN Leather Footwear
-0.76Rnk 773 / 1025
2023
Imports
$804MWorld Rnk 18 / 224
Flag Rnk 106 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $60.1M in Leather Footwear, making it the 45th largest exporter of Leather Footwear in the world. At the same year, Leather Footwear was the 415th most exported product in South Korea. The main destination of Leather Footwear exports from South Korea are: Hong Kong ($9.98M), United States ($9M), China ($8.51M), Italy ($7.03M), and Germany ($5.65M).

The fastest growing export markets for Leather Footwear of South Korea between 2022 and 2023 were United States ($2.11M), Germany ($1.9M), and Netherlands ($1.53M).

Imports In 2023, South Korea imported $804M in Leather Footwear, becoming the 18th largest importer of Leather Footwear in the world. At the same year, Leather Footwear was the 106th most imported product in South Korea. South Korea imports Leather Footwear primarily from: Italy ($246M), China ($198M), Indonesia ($117M), France ($59.8M), and Hong Kong ($46.5M).

The fastest growing import markets in Leather Footwear for South Korea between 2022 and 2023 were France ($46.9M), Hong Kong ($45.8M), and United Arab Emirates ($8.18M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-995k(-14.5%)
IMPORT GROWTH (December 2023 - December 2024)$5.38M(4.55%)
MAIN DESTINATION (December 2024)China$1.3M

This section shows Leather Footwear'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 Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$60.1M
IMPORTS (2023)$804M
NET TRADE (2023)-$743M

In 2023, South Korea exported $60.1M in Leather Footwear. The main destinations of South Korea exports on Leather Footwear were Hong Kong ($9.98M), United States ($9M), China ($8.51M), Italy ($7.03M), and Germany ($5.65M).

In 2023, South Korea imported $804M in Leather Footwear, mainly from Italy ($246M), China ($198M), Indonesia ($117M), France ($59.8M), and Hong Kong ($46.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Leather Footwear EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$2.11M (30.7%)
Germany$1.9M (50.8%)
Netherlands$1.53M (76%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Leather Footwear BY South Korea WERE (2022 - 2023):
Israel-$9.8M (-97.8%)
Hong Kong-$3.08M (-23.6%)
Sweden-$1.41M (-54.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Leather Footwear were:
China $10.1B
Italy $9.05B
In 2023, South Korea's main importing competitors in Leather Footwear were:

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Trade Value of Leather Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.2M
TOP IMPORT POTENTIALChina+ $138M

Leather Footwear’s highest export potential is United States. With an export gap of $11.2M.   Leather Footwear’s highest import potential is China with an import gap of $138M.

See methodology.

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