Overview In July 2024 South Korea's Leather further prepared after tanning or crusting of sheep or lamb exports accounted up to $1.45M and imports accounted up to $4.73M, resulting in a negative trade balance of $3.28M. Between July 2023 and July 2024 the exports of South Korea's Leather further prepared after tanning or crusting of sheep or lamb have decreased by $-556k (-27.7%) from $2M to $1.45M, while imports increased by $1.27M (36.7%) from $3.46M to $4.73M.
Destinations In July 2024, Leather further prepared after tanning or crusting of sheep or lamb were exported mostly to Thailand ($1.12M), China ($278k), Hong Kong ($42k), United States ($4k), and Italy ($2k), and were imported mostly from Italy ($1.92M), Indonesia ($1.09M), Turkey ($1.03M), India ($296k), and Pakistan ($197k).
Growth In July 2024, the decrease in Leather further prepared after tanning or crusting of sheep or lamb's year-by-year exports was explained primarily by a decrease in exports to China ($-469k or -87.3%), Italy ($-14k or -100%), and Turkey ($-2k or -100%). In July 2024, the increase in Leather further prepared after tanning or crusting of sheep or lamb's year-by-year imports was explained primarily by an increase in imports from Indonesia ($238k or 18.1%).