Raw Cotton in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $642k in Raw Cotton, making it the 72nd largest exporter of Raw Cotton in the world. At the same year, Raw Cotton was the 1017th most exported product in South Korea. The main destination of Raw Cotton exports from South Korea are: Japan ($357k), Vietnam ($114k), Thailand ($65.8k), Burma ($42.1k), and Honduras ($40.5k).

The fastest growing export markets for Raw Cotton of South Korea between 2021 and 2022 were Burma ($42.1k), Honduras ($40.5k), and United States ($2.9k).

Imports In 2022, South Korea imported $307M in Raw Cotton, becoming the 11th largest importer of Raw Cotton in the world. At the same year, Raw Cotton was the 267th most imported product in South Korea. South Korea imports Raw Cotton primarily from: Australia ($115M), United States ($108M), Brazil ($81.1M), Turkey ($3.25M), and Costa Rica ($239k).

The fastest growing import markets in Raw Cotton for South Korea between 2021 and 2022 were Australia ($95.2M), Turkey ($1.26M), and Costa Rica ($42.8k).

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Raw Cotton exports accounted up to $66k and imports accounted up to $14.2M, resulting in a negative trade balance of $14.1M. Between March 2023 and March 2024 the exports of South Korea's Raw Cotton have decreased by $-56k (-45.9%) from $122k to $66k, while imports decreased by $-4.29M (-23.2%) from $18.5M to $14.2M.

Destinations In March 2024, Raw Cotton were exported mostly to Japan ($66k), China ($0), Indonesia ($0), Turkey ($0), and Vietnam ($0), and were imported mostly from Brazil ($6.63M), United States ($5.47M), Australia ($2.05M), Costa Rica ($23k), and Turkey ($17k).

Growth In March 2024, the decrease in Raw Cotton's year-by-year exports was explained primarily by a decrease in exports to Japan ($-61k or -62.2%) and Cambodia ($-1k or -100%). In March 2024, the decrease in Raw Cotton's year-by-year imports was explained primarily by a decrease in imports from United States ($-5.84M or -80.2%), Turkey ($-204k or -48.3%), and Brazil ($-152k or -1.36%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-56k(-45.9%)

IMPORT GROWTH (March 2023 - March 2024)$-4.29M(-23.2%)

MAIN DESTINATION (March 2024)Japan$66k

This section shows Raw Cotton'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 Raw Cotton over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$642k

IMPORTS (2022)$307M

NET TRADE (2022)-$307M

In 2022, South Korea exported $642k in Raw Cotton. The main destinations of South Korea exports on Raw Cotton were Japan ($357k), Vietnam ($114k), Thailand ($65.8k), Burma ($42.1k), and Honduras ($40.5k).

In 2022, South Korea imported $307M in Raw Cotton, mainly from Australia ($115M), United States ($108M), Brazil ($81.1M), Turkey ($3.25M), and Costa Rica ($239k).

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