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Pricing

2022
Exports $91.7MWorld Rnk 11 / 197
Flag Rnk 388 / 1204
2022
Destination $9.12M United States
2021 - 2022
FASTEST GROWING MARKET $9.12MUkraine
2022
PRODUCT COMPLEXITY IN Other Headwear0.5Rnk 367 / 1025
2022
Imports $74.2MWorld Rnk 23 / 225
Flag Rnk 577 / 1213
2022
Origin $2.86M China
2021 - 2022
FASTEST GROWING ORIGIN $2.86MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $91.7M in Other Headwear, making it the 11th largest exporter of Other Headwear in the world. At the same year, Other Headwear was the 388th most exported product in South Korea. The main destination of Other Headwear exports from South Korea are: United States ($31.6M), France ($18.5M), Ukraine ($9.12M), Mexico ($4.84M), and Germany ($3.76M).

The fastest growing export markets for Other Headwear of South Korea between 2021 and 2022 were Ukraine ($9.12M), United States ($5.24M), and Germany ($3.73M).

Imports In 2022, South Korea imported $74.2M in Other Headwear, becoming the 23rd largest importer of Other Headwear in the world. At the same year, Other Headwear was the 577th most imported product in South Korea. South Korea imports Other Headwear primarily from: China ($48.6M), Vietnam ($4.27M), Italy ($3.9M), Japan ($3.85M), and United States ($3.39M).

The fastest growing import markets in Other Headwear for South Korea between 2021 and 2022 were China ($2.86M), Vietnam ($1.27M), and Canada ($491k).

COMPANIES In 2023, leading companies such as LG Electronics (22), General Motors (2), and Samsung (1) were at the forefront of shipping Other Headwear from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Headwear exports accounted up to $3.22M and imports accounted up to $4.34M, resulting in a negative trade balance of $1.12M. Between July 2023 and July 2024 the exports of South Korea's   Other Headwear have decreased by $-1.33M (-29.2%) from $4.55M to $3.22M, while imports decreased by $-80k (-1.81%) from $4.42M to $4.34M.

Destinations In July 2024, Other Headwear were exported mostly to United States ($1.71M), France ($760k), Denmark ($179k), China ($140k), and Philippines ($105k), and were imported mostly from China ($1.94M), United States ($550k), Italy ($411k), Vietnam ($381k), and Japan ($354k).

Growth In July 2024, the decrease in Other Headwear's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-508k or -99.8%), United States ($-341k or -24.6%), and Sweden ($-272k or -100%). In July 2024, the decrease in Other Headwear's year-by-year imports was explained primarily by a decrease in imports from China ($-632k or -22.5%), Japan ($-190k or -43.8%), and France ($-51k or -79.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-1.33M(-29.2%)
IMPORT GROWTH (July 2023 - July 2024)$-80k(-1.81%)
MAIN DESTINATION (July 2024)United States$1.71M

This section shows Other Headwear'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 Other Headwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$91.7M
IMPORTS (2022)$74.2M
NET TRADE (2022)$17.6M

In 2022, South Korea exported $91.7M in Other Headwear. The main destinations of South Korea exports on Other Headwear were United States ($31.6M), France ($18.5M), Ukraine ($9.12M), Mexico ($4.84M), and Germany ($3.76M).

In 2022, South Korea imported $74.2M in Other Headwear, mainly from China ($48.6M), Vietnam ($4.27M), Italy ($3.9M), Japan ($3.85M), and United States ($3.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Headwear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Ukraine$9.12M (311k%)
United States$5.24M (19.9%)
Germany$3.73M (11.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Headwear BY South Korea WERE (2021 - 2022):
France-$3.26M (-15%)
China-$2.88M (-47.3%)
Latvia-$1.8M (-100%)
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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 Other Headwear were:
China $2.77B
Germany $313M
Italy $287M
In 2022, South Korea's main importing competitors in Other Headwear were:
United States $889M
Germany $534M
France $395M

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Trade Value of Other Headwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.37M
TOP IMPORT POTENTIALChina+ $13.2M

Other Headwear’s highest export potential is China. With an export gap of $2.37M.   Other Headwear’s highest import potential is China with an import gap of $13.2M.

See methodology.

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