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2022
Exports $275MWorld Rnk 10 / 204
Flag Rnk 65 / 96
2022
Destination $4.07M Vietnam
2021 - 2022
FASTEST GROWING MARKET $4.07MUnited States
2022
PRODUCT COMPLEXITY IN Special woven fabrics and tapestries0.3Rnk 447 / 1025
2022
Imports $92.8MWorld Rnk 36 / 222
Flag Rnk 91 / 96
2022
Origin $3.87M China
2021 - 2022
FASTEST GROWING ORIGIN $3.87MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $275M in Special woven fabrics and tapestries, making it the 10th largest exporter of Special woven fabrics and tapestries in the world. At the same year, Special woven fabrics and tapestries was the 65th most exported product in South Korea. The main destination of Special woven fabrics and tapestries exports from South Korea are: Vietnam ($62.2M), Indonesia ($51.1M), United States ($36.4M), China ($24.9M), and Canada ($9.87M).

The fastest growing export markets for Special woven fabrics and tapestries of South Korea between 2021 and 2022 were United States ($4.07M), Indonesia ($2.4M), and Thailand ($1.12M).

Imports In 2022, South Korea imported $92.8M in Special woven fabrics and tapestries, becoming the 36th largest importer of Special woven fabrics and tapestries in the world. At the same year, Special woven fabrics and tapestries was the 91st most imported product in South Korea. South Korea imports Special woven fabrics and tapestries primarily from: China ($53.2M), Vietnam ($6.2M), Philippines ($6.13M), Japan ($6.06M), and Italy ($4.08M).

The fastest growing import markets in Special woven fabrics and tapestries for South Korea between 2021 and 2022 were Vietnam ($3.87M), China ($1.23M), and Philippines ($725k).

COMPANIES In 2023, leading companies such as REI (Recreational Equipment Incorporated) (17), LG Electronics (5), and Fuyao Glass (1) were at the forefront of shipping Special woven fabrics and tapestries from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Special woven fabrics and tapestries exports accounted up to $16.6M and imports accounted up to $7.15M, resulting in a positive trade balance of $9.45M. Between July 2023 and July 2024 the exports of South Korea's   Special woven fabrics and tapestries have increased by $434k (2.68%) from $16.2M to $16.6M, while imports decreased by $-383k (-5.08%) from $7.54M to $7.15M.

Destinations In July 2024, Special woven fabrics and tapestries were exported mostly to Vietnam ($3.24M), United States ($2.74M), Indonesia ($2.42M), China ($1.79M), and Mexico ($823k), and were imported mostly from China ($4M), Italy ($728k), Philippines ($500k), Japan ($488k), and Vietnam ($467k).

Growth In July 2024, the increase in Special woven fabrics and tapestries's year-by-year exports was explained primarily by an increase in exports to Japan ($134k or 21.6%), Singapore ($71k or 109%), and Thailand ($64k or 25.6%). In July 2024, the decrease in Special woven fabrics and tapestries's year-by-year imports was explained primarily by a decrease in imports from China ($-1.1M or -25%), Japan ($-333k or -53.4%), and Vietnam ($-293k or -58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$434k(2.68%)
IMPORT GROWTH (July 2023 - July 2024)$-383k(-5.08%)
MAIN DESTINATION (July 2024)Vietnam$3.24M

This section shows Special woven fabrics and tapestries'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 Special woven fabrics and tapestries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$275M
IMPORTS (2022)$92.8M
NET TRADE (2022)$182M

In 2022, South Korea exported $275M in Special woven fabrics and tapestries. The main destinations of South Korea exports on Special woven fabrics and tapestries were Vietnam ($62.2M), Indonesia ($51.1M), United States ($36.4M), China ($24.9M), and Canada ($9.87M).

In 2022, South Korea imported $92.8M in Special woven fabrics and tapestries, mainly from China ($53.2M), Vietnam ($6.2M), Philippines ($6.13M), Japan ($6.06M), and Italy ($4.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special woven fabrics and tapestries EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$4.07M (12.6%)
Indonesia$2.4M (4.92%)
Thailand$1.12M (64.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special woven fabrics and tapestries BY South Korea WERE (2021 - 2022):
Vietnam-$8.75M (-12.3%)
China-$7.88M (-24%)
India-$1.88M (-42.5%)
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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 Special woven fabrics and tapestries were:
China $5.74B
Chinese Taipei $592M
Italy $558M
In 2022, South Korea's main importing competitors in Special woven fabrics and tapestries were:
United States $990M
Vietnam $988M
Bangladesh $588M

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Trade Value of Special woven fabrics and tapestries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.48M
TOP IMPORT POTENTIALChina+ $17.8M

Special woven fabrics and tapestries’s highest export potential is India. With an export gap of $2.48M.   Special woven fabrics and tapestries’s highest import potential is China with an import gap of $17.8M.

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