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2022
Exports $208MWorld Rnk 33 / 223
Flag Rnk 271 / 1204
2022
Destination $3.46M China
2021 - 2022
FASTEST GROWING MARKET $3.46MUnited States
2022
PRODUCT COMPLEXITY IN Non-Knit Women's Suits-1.24Rnk 889 / 1025
2022
Imports $2.07BWorld Rnk 10 / 223
Flag Rnk 45 / 1213
2022
Origin $242M China
2021 - 2022
FASTEST GROWING ORIGIN $242MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $208M in Non-Knit Women's Suits, making it the 33rd largest exporter of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 271st most exported product in South Korea. The main destination of Non-Knit Women's Suits exports from South Korea are: China ($109M), Japan ($22M), Hong Kong ($20.3M), Chinese Taipei ($13.4M), and United States ($12.2M).

The fastest growing export markets for Non-Knit Women's Suits of South Korea between 2021 and 2022 were United States ($3.46M), Canada ($3.05M), and Hong Kong ($2.4M).

Imports In 2022, South Korea imported $2.07B in Non-Knit Women's Suits, becoming the 10th largest importer of Non-Knit Women's Suits in the world. At the same year, Non-Knit Women's Suits was the 45th most imported product in South Korea. South Korea imports Non-Knit Women's Suits primarily from: China ($1.3B), Vietnam ($342M), Italy ($82.8M), Bangladesh ($47.5M), and France ($41M).

The fastest growing import markets in Non-Knit Women's Suits for South Korea between 2021 and 2022 were China ($242M), Vietnam ($52.9M), and Bangladesh ($15.5M).

COMPANIES In 2023, leading companies such as Mahle Behr (3) were at the forefront of shipping Non-Knit Women's Suits from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Non-Knit Women's Suits exports accounted up to $20.2M and imports accounted up to $142M, resulting in a negative trade balance of $121M. Between October 2023 and October 2024 the exports of South Korea's   Non-Knit Women's Suits have decreased by $-557k (-2.68%) from $20.8M to $20.2M, while imports increased by $4.66M (3.4%) from $137M to $142M.

Destinations In October 2024, Non-Knit Women's Suits were exported mostly to China ($12M), Japan ($2.17M), Chinese Taipei ($1.72M), Hong Kong ($1.04M), and United States ($991k), and were imported mostly from China ($76.8M), Vietnam ($30.5M), Italy ($8.69M), France ($3.51M), and Indonesia ($3.13M).

Growth In October 2024, the decrease in Non-Knit Women's Suits's year-by-year exports was explained primarily by a decrease in exports to China ($-2.93M or -29.8%), Hong Kong ($-1.58M or -50.9%), and Japan ($-1.12M or -39.8%). In October 2024, the increase in Non-Knit Women's Suits's year-by-year imports was explained primarily by an increase in imports from Vietnam ($12.1M or 41.5%), Italy ($1.32M or 15.3%), and Bangladesh ($944k or 26.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-557k(-2.68%)
IMPORT GROWTH (October 2023 - October 2024)$4.66M(3.4%)
MAIN DESTINATION (October 2024)China$12M

This section shows Non-Knit Women's Suits'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 Non-Knit Women's Suits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$208M
IMPORTS (2022)$2.07B
NET TRADE (2022)-$1.86B

In 2022, South Korea exported $208M in Non-Knit Women's Suits. The main destinations of South Korea exports on Non-Knit Women's Suits were China ($109M), Japan ($22M), Hong Kong ($20.3M), Chinese Taipei ($13.4M), and United States ($12.2M).

In 2022, South Korea imported $2.07B in Non-Knit Women's Suits, mainly from China ($1.3B), Vietnam ($342M), Italy ($82.8M), Bangladesh ($47.5M), and France ($41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Knit Women's Suits EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$3.46M (39.5%)
Canada$3.05M (117%)
Hong Kong$2.4M (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Knit Women's Suits BY South Korea WERE (2021 - 2022):
China-$7M (-6.05%)
Japan-$3.89M (-15%)
Vietnam-$631k (-21.7%)
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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 Non-Knit Women's Suits were:
China $23.1B
Bangladesh $6.63B
Turkey $4B
In 2022, South Korea's main importing competitors in Non-Knit Women's Suits were:
United States $13.7B
Germany $7.36B
Spain $4.88B

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Trade Value of Non-Knit Women's Suits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.4M
TOP IMPORT POTENTIALChina+ $89.4M

Non-Knit Women's Suits’s highest export potential is United States. With an export gap of $15.4M.   Non-Knit Women's Suits’s highest import potential is China with an import gap of $89.4M.

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