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2022
Exports $50.7MWorld Rnk 40 / 210
Flag Rnk 484 / 1204
2022
Destination $11.5M China
2021 - 2022
FASTEST GROWING MARKET $11.5MChina
2022
PRODUCT COMPLEXITY IN Rubber Footwear-1.24Rnk 887 / 1025
2022
Imports $946MWorld Rnk 14 / 222
Flag Rnk 113 / 1213
2022
Origin $86.5M China
2021 - 2022
FASTEST GROWING ORIGIN $86.5MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $50.7M in Rubber Footwear, making it the 40th largest exporter of Rubber Footwear in the world. At the same year, Rubber Footwear was the 484th most exported product in South Korea. The main destination of Rubber Footwear exports from South Korea are: China ($23M), United States ($7.87M), Japan ($4.58M), Hong Kong ($4.1M), and Vietnam ($1.99M).

The fastest growing export markets for Rubber Footwear of South Korea between 2021 and 2022 were China ($11.5M), Hong Kong ($953k), and Poland ($825k).

Imports In 2022, South Korea imported $946M in Rubber Footwear, becoming the 14th largest importer of Rubber Footwear in the world. At the same year, Rubber Footwear was the 113th most imported product in South Korea. South Korea imports Rubber Footwear primarily from: China ($589M), Vietnam ($226M), Indonesia ($32.9M), Italy ($23M), and United Kingdom ($18.6M).

The fastest growing import markets in Rubber Footwear for South Korea between 2021 and 2022 were China ($86.5M), Vietnam ($54.9M), and Indonesia ($14.3M).

COMPANIES In 2023, leading companies such as David Peyser Sportswear (4), Hyosung (1), and LG Electronics (1) were at the forefront of shipping Rubber Footwear from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Rubber Footwear exports accounted up to $4.7M and imports accounted up to $65.9M, resulting in a negative trade balance of $61.2M. Between October 2023 and October 2024 the exports of South Korea's   Rubber Footwear have decreased by $-1.47M (-23.8%) from $6.17M to $4.7M, while imports increased by $2.83M (4.49%) from $63M to $65.9M.

Destinations In October 2024, Rubber Footwear were exported mostly to China ($2.47M), United States ($680k), Japan ($647k), Romania ($273k), and Italy ($100k), and were imported mostly from China ($35.2M), Vietnam ($19.5M), Indonesia ($6.38M), Cambodia ($1.37M), and Italy ($964k).

Growth In October 2024, the decrease in Rubber Footwear's year-by-year exports was explained primarily by a decrease in exports to China ($-207k or -14.8%), Japan ($-93k or -22.2%), and Hong Kong ($-85k or -38.6%). In October 2024, the increase in Rubber Footwear's year-by-year imports was explained primarily by an increase in imports from China ($12.5M or 30.6%), Vietnam ($9.36M or 38.7%), and Cambodia ($1.9M or 251%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.47M(-23.8%)
IMPORT GROWTH (October 2023 - October 2024)$2.83M(4.49%)
MAIN DESTINATION (October 2024)China$2.47M

This section shows Rubber Footwear'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 Rubber Footwear over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.7M
IMPORTS (2022)$946M
NET TRADE (2022)-$895M

In 2022, South Korea exported $50.7M in Rubber Footwear. The main destinations of South Korea exports on Rubber Footwear were China ($23M), United States ($7.87M), Japan ($4.58M), Hong Kong ($4.1M), and Vietnam ($1.99M).

In 2022, South Korea imported $946M in Rubber Footwear, mainly from China ($589M), Vietnam ($226M), Indonesia ($32.9M), Italy ($23M), and United Kingdom ($18.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber Footwear EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$11.5M (101%)
Hong Kong$953k (30.2%)
Poland$825k (8.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber Footwear BY South Korea WERE (2021 - 2022):
Singapore-$362k (-38.7%)
Macau-$261k (-91.5%)
Laos-$222k (-91.2%)
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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 Rubber Footwear were:
China $27.4B
Vietnam $4.69B
Germany $2.5B
In 2022, South Korea's main importing competitors in Rubber Footwear were:
United States $7.87B
Germany $3.63B
France $1.89B

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Trade Value of Rubber Footwear by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.87M
TOP IMPORT POTENTIALChina+ $154M

Rubber Footwear’s highest export potential is United States. With an export gap of $6.87M.   Rubber Footwear’s highest import potential is China with an import gap of $154M.

See methodology.

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