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2022
Exports $857MWorld Rnk 4 / 169
Flag Rnk 114 / 1204
2022
Destination $24.8M Vietnam
2021 - 2022
FASTEST GROWING MARKET $24.8MVietnam
2022
PRODUCT COMPLEXITY IN Plastic Coated Textile Fabric1.5Rnk 52 / 1025
2022
Imports $115MWorld Rnk 30 / 210
Flag Rnk 479 / 1213
2022
Origin $3.4M China
2021 - 2022
FASTEST GROWING ORIGIN $3.4MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $857M in Plastic Coated Textile Fabric, making it the 4th largest exporter of Plastic Coated Textile Fabric in the world. At the same year, Plastic Coated Textile Fabric was the 114th most exported product in South Korea. The main destination of Plastic Coated Textile Fabric exports from South Korea are: Vietnam ($291M), China ($93.1M), United States ($87.1M), Indonesia ($71.7M), and Bangladesh ($34.8M).

The fastest growing export markets for Plastic Coated Textile Fabric of South Korea between 2021 and 2022 were Vietnam ($24.8M), United States ($7.17M), and China ($6.44M).

Imports In 2022, South Korea imported $115M in Plastic Coated Textile Fabric, becoming the 30th largest importer of Plastic Coated Textile Fabric in the world. At the same year, Plastic Coated Textile Fabric was the 479th most imported product in South Korea. South Korea imports Plastic Coated Textile Fabric primarily from: China ($85.2M), Italy ($7.21M), Vietnam ($5.65M), Japan ($3.46M), and Germany ($3.39M).

The fastest growing import markets in Plastic Coated Textile Fabric for South Korea between 2021 and 2022 were China ($3.4M), United States ($515k), and Austria ($356k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Plastic Coated Textile Fabric exports accounted up to $66M and imports accounted up to $9.35M, resulting in a positive trade balance of $56.7M. Between July 2023 and July 2024 the exports of South Korea's   Plastic Coated Textile Fabric have increased by $2.31M (3.63%) from $63.7M to $66M, while imports increased by $505k (5.71%) from $8.85M to $9.35M.

Destinations In July 2024, Plastic Coated Textile Fabric were exported mostly to Vietnam ($23.9M), China ($8.89M), United States ($5.73M), Indonesia ($4.95M), and Mexico ($3M), and were imported mostly from China ($6.03M), Italy ($1.29M), France ($565k), United States ($415k), and Germany ($373k).

Growth In July 2024, the increase in Plastic Coated Textile Fabric's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($309k or 64.9%), Hungary ($154k or 5.13k%), and Turkey ($119k or 16.1%). In July 2024, the increase in Plastic Coated Textile Fabric's year-by-year imports was explained primarily by an increase in imports from Italy ($165k or 56.1%), Spain ($93k or 4.65k%), and Austria ($41k or 273%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.31M(3.63%)
IMPORT GROWTH (July 2023 - July 2024)$505k(5.71%)
MAIN DESTINATION (July 2024)Vietnam$23.9M

This section shows Plastic Coated Textile 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 Plastic Coated Textile Fabric over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$857M
IMPORTS (2022)$115M
NET TRADE (2022)$742M

In 2022, South Korea exported $857M in Plastic Coated Textile Fabric. The main destinations of South Korea exports on Plastic Coated Textile Fabric were Vietnam ($291M), China ($93.1M), United States ($87.1M), Indonesia ($71.7M), and Bangladesh ($34.8M).

In 2022, South Korea imported $115M in Plastic Coated Textile Fabric, mainly from China ($85.2M), Italy ($7.21M), Vietnam ($5.65M), Japan ($3.46M), and Germany ($3.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastic Coated Textile Fabric EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$24.8M (9.32%)
United States$7.17M (8.97%)
China$6.44M (7.43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastic Coated Textile Fabric BY South Korea WERE (2021 - 2022):
Hong Kong-$8.44M (-22.7%)
Austria-$4.13M (-60.7%)
Thailand-$2.78M (-17.5%)
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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 Plastic Coated Textile Fabric were:
China $6.02B
Germany $963M
United States $951M
In 2022, South Korea's main importing competitors in Plastic Coated Textile Fabric were:
Vietnam $1.64B
United States $1.21B
Mexico $872M

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Trade Value of Plastic Coated Textile Fabric by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22M
TOP IMPORT POTENTIALChina+ $24.3M

Plastic Coated Textile Fabric’s highest export potential is China. With an export gap of $22M.   Plastic Coated Textile Fabric’s highest import potential is China with an import gap of $24.3M.

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