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2022
Exports $29.6MWorld Rnk 6 / 133
Flag Rnk 576 / 1204
2022
Destination $5.68M United States
2021 - 2022
FASTEST GROWING MARKET $5.68MUnited States
2022
PRODUCT COMPLEXITY IN Silk Fabrics0.43Rnk 394 / 1025
2022
Imports $26.9MWorld Rnk 12 / 192
Flag Rnk 787 / 1213
2022
Origin $4.59M China
2021 - 2022
FASTEST GROWING ORIGIN $4.59MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $29.6M in Silk Fabrics, making it the 6th largest exporter of Silk Fabrics in the world. At the same year, Silk Fabrics was the 576th most exported product in South Korea. The main destination of Silk Fabrics exports from South Korea are: United States ($15.4M), United Arab Emirates ($2.44M), Hong Kong ($1.72M), China ($1.67M), and Colombia ($749k).

The fastest growing export markets for Silk Fabrics of South Korea between 2021 and 2022 were United States ($5.68M), China ($742k), and Saudi Arabia ($574k).

Imports In 2022, South Korea imported $26.9M in Silk Fabrics, becoming the 12th largest importer of Silk Fabrics in the world. At the same year, Silk Fabrics was the 787th most imported product in South Korea. South Korea imports Silk Fabrics primarily from: China ($25M), Italy ($1.24M), India ($259k), United States ($202k), and France ($87.1k).

The fastest growing import markets in Silk Fabrics for South Korea between 2021 and 2022 were China ($4.59M), India ($147k), and Italy ($117k).

COMPANIES In 2023, leading companies such as LG Electronics (2) were at the forefront of shipping Silk Fabrics from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Silk Fabrics exports accounted up to $1.67M and imports accounted up to $1.64M, resulting in a positive trade balance of $30k. Between July 2023 and July 2024 the exports of South Korea's   Silk Fabrics have decreased by $-65k (-3.75%) from $1.73M to $1.67M, while imports increased by $178k (12.2%) from $1.46M to $1.64M.

Destinations In July 2024, Silk Fabrics were exported mostly to United States ($870k), Morocco ($152k), China ($132k), United Arab Emirates ($130k), and Hong Kong ($85k), and were imported mostly from China ($1.51M), Italy ($85k), India ($24k), France ($6k), and United States ($6k).

Growth In July 2024, the decrease in Silk Fabrics's year-by-year exports was explained primarily by a decrease in exports to United States ($-300k or -31%), United Arab Emirates ($-210k or -60.5%), and Colombia ($-180k or -91.8%). In July 2024, the increase in Silk Fabrics's year-by-year imports was explained primarily by an increase in imports from China ($388k or 20.2%) and Italy ($18k or 46.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-65k(-3.75%)
IMPORT GROWTH (July 2023 - July 2024)$178k(12.2%)
MAIN DESTINATION (July 2024)United States$870k

This section shows Silk Fabrics'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 Silk Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29.6M
IMPORTS (2022)$26.9M
NET TRADE (2022)$2.68M

In 2022, South Korea exported $29.6M in Silk Fabrics. The main destinations of South Korea exports on Silk Fabrics were United States ($15.4M), United Arab Emirates ($2.44M), Hong Kong ($1.72M), China ($1.67M), and Colombia ($749k).

In 2022, South Korea imported $26.9M in Silk Fabrics, mainly from China ($25M), Italy ($1.24M), India ($259k), United States ($202k), and France ($87.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silk Fabrics EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$5.68M (58.6%)
China$742k (79.6%)
Saudi Arabia$574k (1.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silk Fabrics BY South Korea WERE (2021 - 2022):
Hong Kong-$1.32M (-43.4%)
Nigeria-$333k (-97.2%)
Vietnam-$106k (-33.1%)
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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 Silk Fabrics were:
China $435M
Italy $198M
India $59.9M
In 2022, South Korea's main importing competitors in Silk Fabrics were:
Italy $142M
France $82.6M
United States $55.6M

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Trade Value of Silk Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $627k
TOP IMPORT POTENTIALItaly+ $564k

Silk Fabrics’s highest export potential is China. With an export gap of $627k.   Silk Fabrics’s highest import potential is Italy with an import gap of $564k.

See methodology.

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