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2022
Exports $7.06MWorld Rnk 16 / 98
Flag Rnk 778 / 1204
2022
Destination $1.72M Vietnam
2021 - 2022
FASTEST GROWING MARKET $1.72MVietnam
2022
PRODUCT COMPLEXITY IN Non-Retail Combed Wool Yarn0.26Rnk 467 / 1025
2022
Imports $27.6MWorld Rnk 15 / 148
Flag Rnk 782 / 1213
2022
Origin $1.35M India
2021 - 2022
FASTEST GROWING ORIGIN $1.35MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.06M in Non-Retail Combed Wool Yarn, making it the 16th largest exporter of Non-Retail Combed Wool Yarn in the world. At the same year, Non-Retail Combed Wool Yarn was the 778th most exported product in South Korea. The main destination of Non-Retail Combed Wool Yarn exports from South Korea are: Vietnam ($5.2M), China ($533k), New Zealand ($432k), Thailand ($199k), and United States ($197k).

The fastest growing export markets for Non-Retail Combed Wool Yarn of South Korea between 2021 and 2022 were Vietnam ($1.72M), United States ($165k), and New Zealand ($143k).

Imports In 2022, South Korea imported $27.6M in Non-Retail Combed Wool Yarn, becoming the 15th largest importer of Non-Retail Combed Wool Yarn in the world. At the same year, Non-Retail Combed Wool Yarn was the 782nd most imported product in South Korea. South Korea imports Non-Retail Combed Wool Yarn primarily from: India ($17.1M), Italy ($6.33M), China ($2.59M), Vietnam ($1.02M), and Japan ($136k).

The fastest growing import markets in Non-Retail Combed Wool Yarn for South Korea between 2021 and 2022 were India ($1.35M), Italy ($1.02M), and Vietnam ($783k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Non-Retail Combed Wool Yarn exports accounted up to $888k and imports accounted up to $2.28M, resulting in a negative trade balance of $1.39M. Between July 2023 and July 2024 the exports of South Korea's   Non-Retail Combed Wool Yarn have increased by $845k (1.97k%) from $43k to $888k, while imports decreased by $-326k (-12.5%) from $2.61M to $2.28M.

Destinations In July 2024, Non-Retail Combed Wool Yarn were exported mostly to Vietnam ($884k), Indonesia ($2k), Sri Lanka ($2k), China ($0), and Hong Kong ($0), and were imported mostly from India ($1.11M), Italy ($497k), Vietnam ($360k), China ($296k), and United Kingdom ($13k).

Growth In July 2024, the increase in Non-Retail Combed Wool Yarn's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Non-Retail Combed Wool Yarn's year-by-year imports was explained primarily by a decrease in imports from China ($-477k or -96.8%), India ($-387k or -29.1%), and United Kingdom ($-12k or -60%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$845k(1.97k%)
IMPORT GROWTH (July 2023 - July 2024)$-326k(-12.5%)
MAIN DESTINATION (July 2024)Vietnam$884k

This section shows Non-Retail Combed Wool Yarn'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-Retail Combed Wool Yarn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.06M
IMPORTS (2022)$27.6M
NET TRADE (2022)-$20.6M

In 2022, South Korea exported $7.06M in Non-Retail Combed Wool Yarn. The main destinations of South Korea exports on Non-Retail Combed Wool Yarn were Vietnam ($5.2M), China ($533k), New Zealand ($432k), Thailand ($199k), and United States ($197k).

In 2022, South Korea imported $27.6M in Non-Retail Combed Wool Yarn, mainly from India ($17.1M), Italy ($6.33M), China ($2.59M), Vietnam ($1.02M), and Japan ($136k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-Retail Combed Wool Yarn EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.72M (49.5%)
United States$165k (525%)
New Zealand$143k (49.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-Retail Combed Wool Yarn BY South Korea WERE (2021 - 2022):
France-$362k (-89.5%)
Thailand-$118k (-37.2%)
Japan-$108k (-77.7%)
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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-Retail Combed Wool Yarn were:
China $265M
Italy $249M
Germany $122M
In 2022, South Korea's main importing competitors in Non-Retail Combed Wool Yarn were:
Italy $324M
Germany $147M
United Kingdom $73.3M

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Trade Value of Non-Retail Combed Wool Yarn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $304k
TOP IMPORT POTENTIALChina+ $2.01M

Non-Retail Combed Wool Yarn’s highest export potential is China. With an export gap of $304k.   Non-Retail Combed Wool Yarn’s highest import potential is China with an import gap of $2.01M.

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