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2023
Exports $872MWorld Rnk 6 / 185
Flag Rnk 101 / 1188
2023
Destination $1.46M Indonesia
2022 - 2023
FASTEST GROWING MARKET $1.46MNorway
2023
PRODUCT COMPLEXITY IN Light Rubberized Knitted Fabric-0.42Rnk 672 / 1025
2023
Imports $116MWorld Rnk 51 / 212
Flag Rnk 447 / 1208
2023
Origin $38.4M China
2022 - 2023
FASTEST GROWING ORIGIN $38.4MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $872M in Light Rubberized Knitted Fabric, making it the 6th largest exporter of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 101st most exported product in South Korea. The main destination of Light Rubberized Knitted Fabric exports from South Korea are: Indonesia ($233M), United States ($129M), China ($111M), Turkey ($60.8M), and Philippines ($43.1M).

The fastest growing export markets for Light Rubberized Knitted Fabric of South Korea between 2022 and 2023 were Norway ($1.46M), Peru ($1.16M), and Ecuador ($522k).

Imports In 2023, South Korea imported $116M in Light Rubberized Knitted Fabric, becoming the 51st largest importer of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 447th most imported product in South Korea. South Korea imports Light Rubberized Knitted Fabric primarily from: China ($79.4M), Italy ($14.8M), Japan ($9.99M), Chinese Taipei ($2.73M), and Indonesia ($1.77M).

The fastest growing import markets in Light Rubberized Knitted Fabric for South Korea between 2022 and 2023 were China ($38.4M), Hong Kong ($174k), and Poland ($164k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Light Rubberized Knitted Fabric exports accounted up to $116k and imports accounted up to $102k, resulting in a positive trade balance of $14k. Between December 2023 and December 2024 the exports of South Korea's   Light Rubberized Knitted Fabric have increased by $2k (1.75%) from $114k to $116k, while imports increased by $40k (64.5%) from $62k to $102k.

Destinations In December 2024, Light Rubberized Knitted Fabric were exported mostly to China ($59k), Vietnam ($50k), Thailand ($5k), Bangladesh ($2k), and Indonesia ($0), and were imported mostly from China ($61k), Vietnam ($27k), Italy ($7k), United Kingdom ($6k), and Germany ($1k).

Growth In December 2024, the increase in Light Rubberized Knitted Fabric's year-by-year exports was explained primarily by an increase in exports to Vietnam ($23k or 575%) and Bangladesh ($9k or 900%). In December 2024, the increase in Light Rubberized Knitted Fabric's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$2k(1.75%)
IMPORT GROWTH (December 2023 - December 2024)$40k(64.5%)
MAIN DESTINATION (December 2024)China$59k

This section shows Light Rubberized Knitted Fabric'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 Light Rubberized Knitted Fabric over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$872M
IMPORTS (2023)$116M
NET TRADE (2023)$757M

In 2023, South Korea exported $872M in Light Rubberized Knitted Fabric. The main destinations of South Korea exports on Light Rubberized Knitted Fabric were Indonesia ($233M), United States ($129M), China ($111M), Turkey ($60.8M), and Philippines ($43.1M).

In 2023, South Korea imported $116M in Light Rubberized Knitted Fabric, mainly from China ($79.4M), Italy ($14.8M), Japan ($9.99M), Chinese Taipei ($2.73M), and Indonesia ($1.77M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Light Rubberized Knitted Fabric EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Norway$1.46M (376%)
Peru$1.16M (43.8%)
Ecuador$522k (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Rubberized Knitted Fabric BY South Korea WERE (2022 - 2023):
Vietnam-$758M (-100%)
Indonesia-$93.5M (-28.6%)
United States-$80.8M (-38.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Light Rubberized Knitted Fabric were:
China $14.3B
Turkey $1.86B
Chinese Taipei $1.64B
In 2023, South Korea's main importing competitors in Light Rubberized Knitted Fabric were:
Vietnam $5.08B
Cambodia $2.26B
Indonesia $1.33B

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Trade Value of Light Rubberized Knitted Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $201k
TOP IMPORT POTENTIALChina+ $337k

Light Rubberized Knitted Fabric’s highest export potential is China. With an export gap of $201k.   Light Rubberized Knitted Fabric’s highest import potential is China with an import gap of $337k.

See methodology.

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