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2022
Exports $411MWorld Rnk 13 / 178
Flag Rnk 57 / 96
2022
Destination $13.4M Vietnam
2021 - 2022
FASTEST GROWING MARKET $13.4MThailand
2022
PRODUCT COMPLEXITY IN Raw hides & skin (non-fur)-0.66Rnk 745 / 1025
2022
Imports $347MWorld Rnk 15 / 200
Flag Rnk 75 / 96
2022
Origin $12.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $12.2MIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $411M in Raw hides & skin (non-fur), making it the 13th largest exporter of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 57th most exported product in South Korea. The main destination of Raw hides & skin (non-fur) exports from South Korea are: Vietnam ($128M), Cambodia ($61.5M), Indonesia ($46.4M), China ($46.3M), and Philippines ($31.5M).

The fastest growing export markets for Raw hides & skin (non-fur) of South Korea between 2021 and 2022 were Thailand ($13.4M), Cambodia ($13.3M), and Vietnam ($7.97M).

Imports In 2022, South Korea imported $347M in Raw hides & skin (non-fur), becoming the 15th largest importer of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 75th most imported product in South Korea. South Korea imports Raw hides & skin (non-fur) primarily from: United States ($111M), Italy ($65.6M), Brazil ($29.2M), China ($24M), and Indonesia ($22.3M).

The fastest growing import markets in Raw hides & skin (non-fur) for South Korea between 2021 and 2022 were Indonesia ($12.2M), United Kingdom ($3.07M), and Vietnam ($1.28M).

COMPANIES In 2023, leading companies such as Samsung (348), LG Electronics (8), and Volvo (3) were at the forefront of shipping Raw hides & skin (non-fur) from South Korea to the United States.

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Raw hides & skin (non-fur) exports accounted up to $23.4M and imports accounted up to $22.5M, resulting in a positive trade balance of $928k. Between August 2023 and August 2024 the exports of South Korea's   Raw hides & skin (non-fur) have increased by $1.26M (5.71%) from $22.1M to $23.4M, while imports increased by $3.42M (17.9%) from $19.1M to $22.5M.

Destinations In August 2024, Raw hides & skin (non-fur) were exported mostly to Vietnam ($5.6M), Cambodia ($5.06M), Indonesia ($3.11M), China ($2.82M), and Philippines ($2M), and were imported mostly from United States ($7.46M), Italy ($5.02M), Brazil ($2.14M), China ($1.82M), and Indonesia ($1.13M).

Growth In August 2024, the increase in Raw hides & skin (non-fur)'s year-by-year exports was explained primarily by an increase in exports to Bangladesh ($567k or 50.3%), Thailand ($201k or 13.6%), and Japan ($25k or 8.83%). In August 2024, the increase in Raw hides & skin (non-fur)'s year-by-year imports was explained primarily by an increase in imports from Brazil ($870k or 34%), Singapore ($631k or 819%), and Vietnam ($562k or 95.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1.26M(5.71%)
IMPORT GROWTH (August 2023 - August 2024)$3.42M(17.9%)
MAIN DESTINATION (August 2024)Vietnam$5.6M

This section shows Raw hides & skin (non-fur)'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 hides & skin (non-fur) over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$411M
IMPORTS (2022)$347M
NET TRADE (2022)$64.6M

In 2022, South Korea exported $411M in Raw hides & skin (non-fur). The main destinations of South Korea exports on Raw hides & skin (non-fur) were Vietnam ($128M), Cambodia ($61.5M), Indonesia ($46.4M), China ($46.3M), and Philippines ($31.5M).

In 2022, South Korea imported $347M in Raw hides & skin (non-fur), mainly from United States ($111M), Italy ($65.6M), Brazil ($29.2M), China ($24M), and Indonesia ($22.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw hides & skin (non-fur) EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$13.4M (153%)
Cambodia$13.3M (27.6%)
Vietnam$7.97M (6.63%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw hides & skin (non-fur) BY South Korea WERE (2021 - 2022):
Indonesia-$5.19M (-10.1%)
China-$3.85M (-7.67%)
Hong Kong-$2.52M (-10.9%)
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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 Raw hides & skin (non-fur) were:
Italy $3.39B
United States $1.79B
Brazil $1.27B
In 2022, South Korea's main importing competitors in Raw hides & skin (non-fur) were:
China $2.76B
Italy $2.37B
Vietnam $1.54B

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Trade Value of Raw hides & skin (non-fur) by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $20.8M
TOP IMPORT POTENTIALChina+ $10.5M

Raw hides & skin (non-fur)’s highest export potential is China. With an export gap of $20.8M.   Raw hides & skin (non-fur)’s highest import potential is China with an import gap of $10.5M.

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