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2022
Exports $2.09BWorld Rnk 3 / 180
Flag Rnk 54 / 1204
2022
Destination $29.7M Vietnam
2021 - 2022
FASTEST GROWING MARKET $29.7MTurkey
2022
PRODUCT COMPLEXITY IN Light Rubberized Knitted Fabric-0.28Rnk 640 / 1025
2022
Imports $178MWorld Rnk 43 / 215
Flag Rnk 392 / 1213
2022
Origin $18.5M China
2021 - 2022
FASTEST GROWING ORIGIN $18.5MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.09B in Light Rubberized Knitted Fabric, making it the 3rd largest exporter of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 54th most exported product in South Korea. The main destination of Light Rubberized Knitted Fabric exports from South Korea are: Vietnam ($755M), Indonesia ($312M), United States ($199M), China ($139M), and Turkey ($74.7M).

The fastest growing export markets for Light Rubberized Knitted Fabric of South Korea between 2021 and 2022 were Turkey ($29.7M), United States ($27.3M), and India ($6.01M).

Imports In 2022, South Korea imported $178M in Light Rubberized Knitted Fabric, becoming the 43rd largest importer of Light Rubberized Knitted Fabric in the world. At the same year, Light Rubberized Knitted Fabric was the 392nd most imported product in South Korea. South Korea imports Light Rubberized Knitted Fabric primarily from: China ($69M), India ($38.2M), Vietnam ($24.1M), Italy ($18.6M), and Japan ($13.5M).

The fastest growing import markets in Light Rubberized Knitted Fabric for South Korea between 2021 and 2022 were India ($18.5M), United States ($743k), and Poland ($226k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Light Rubberized Knitted Fabric exports accounted up to $146k and imports accounted up to $53k, resulting in a positive trade balance of $93k. Between October 2023 and October 2024 the exports of South Korea's   Light Rubberized Knitted Fabric have decreased by $-154k (-51.3%) from $300k to $146k, while imports decreased by $-69k (-56.6%) from $122k to $53k.

Destinations In October 2024, Light Rubberized Knitted Fabric were exported mostly to China ($101k), Vietnam ($33k), Bangladesh ($12k), Japan ($0), and Uzbekistan ($0), and were imported mostly from China ($51k), Japan ($1k), United States ($1k), Bangladesh ($0), and Uzbekistan ($0).

Growth In October 2024, the decrease in Light Rubberized Knitted Fabric's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-326k or -98.8%), China ($-88k or -60.3%), and Bangladesh ($-2k or -66.7%). In October 2024, the decrease in Light Rubberized Knitted Fabric's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-154k(-51.3%)
IMPORT GROWTH (October 2023 - October 2024)$-69k(-56.6%)
MAIN DESTINATION (October 2024)China$101k

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 (2022)$2.09B
IMPORTS (2022)$178M
NET TRADE (2022)$1.91B

In 2022, South Korea exported $2.09B in Light Rubberized Knitted Fabric. The main destinations of South Korea exports on Light Rubberized Knitted Fabric were Vietnam ($755M), Indonesia ($312M), United States ($199M), China ($139M), and Turkey ($74.7M).

In 2022, South Korea imported $178M in Light Rubberized Knitted Fabric, mainly from China ($69M), India ($38.2M), Vietnam ($24.1M), Italy ($18.6M), and Japan ($13.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Light Rubberized Knitted Fabric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Turkey$29.7M (65.8%)
United States$27.3M (15.9%)
India$6.01M (42.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Light Rubberized Knitted Fabric BY South Korea WERE (2021 - 2022):
Vietnam-$97M (-11.4%)
Indonesia-$46.2M (-12.9%)
Philippines-$24M (-32%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Light Rubberized Knitted Fabric were:
China $17.4B
Chinese Taipei $2.4B
In 2022, South Korea's main importing competitors in Light Rubberized Knitted Fabric were:
Vietnam $6.5B
Cambodia $2.52B
Indonesia $1.76B

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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.

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