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2018
Exports $2.1MWorld Rnk 53 / 187
Flag Rnk 94 / 96
2018
Destination $143k United Arab Emirates
2021 - 2022
FASTEST GROWING MARKET $143kHong Kong
2022
PRODUCT COMPLEXITY IN Straw & esparto manufactures-1.47Rnk 944 / 1025
2018
Imports $49.9MWorld Rnk 13 / 219
Flag Rnk 94 / 96
2018
Origin $4.01M China
2021 - 2022
FASTEST GROWING ORIGIN $4.01MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $2.1M in Straw & esparto manufactures, making it the 53rd largest exporter of Straw & esparto manufactures in the world. At the same year, Straw & esparto manufactures was the 94th most exported product in South Korea. The main destination of Straw & esparto manufactures exports from South Korea are: United Arab Emirates ($680k), United States ($606k), Vietnam ($228k), Hong Kong ($147k), and Jordan ($146k).

The fastest growing export markets for Straw & esparto manufactures of South Korea between 2021 and 2022 were Hong Kong ($143k), United Arab Emirates ($121k), and Jordan ($93.3k).

Imports In 2022, South Korea imported $49.9M in Straw & esparto manufactures, becoming the 13th largest importer of Straw & esparto manufactures in the world. At the same year, Straw & esparto manufactures was the 94th most imported product in South Korea. South Korea imports Straw & esparto manufactures primarily from: China ($38.3M), Vietnam ($4.11M), Indonesia ($2.82M), Spain ($941k), and France ($855k).

The fastest growing import markets in Straw & esparto manufactures for South Korea between 2021 and 2022 were China ($4.01M), Spain ($688k), and France ($600k).

COMPANIES In 2023, leading companies such as At Home Procurement (2) were at the forefront of shipping Straw & esparto manufactures from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Straw & esparto manufactures exports accounted up to $101k and imports accounted up to $1.1M, resulting in a negative trade balance of $1M. Between October 2023 and October 2024 the exports of South Korea's   Straw & esparto manufactures have increased by $13k (14.8%) from $88k to $101k, while imports decreased by $-190k (-14.7%) from $1.29M to $1.1M.

Destinations In October 2024, Straw & esparto manufactures were exported mostly to United States ($46k), Spain ($18k), Vietnam ($15k), China ($13k), and United Kingdom ($7k), and were imported mostly from China ($664k), Vietnam ($222k), Indonesia ($81k), Madagascar ($60k), and France ($47k).

Growth In October 2024, the increase in Straw & esparto manufactures's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Straw & esparto manufactures's year-by-year imports was explained primarily by a decrease in imports from China ($-708k or -41.6%), Vietnam ($-307k or -52.7%), and Indonesia ($-192k or -63.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$13k(14.8%)
IMPORT GROWTH (October 2023 - October 2024)$-190k(-14.7%)
MAIN DESTINATION (October 2024)United States$46k

This section shows Straw & esparto manufactures'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 Straw & esparto manufactures over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.1M
IMPORTS (2022)$49.9M
NET TRADE (2022)-$47.8M

In 2022, South Korea exported $2.1M in Straw & esparto manufactures. The main destinations of South Korea exports on Straw & esparto manufactures were United Arab Emirates ($680k), United States ($606k), Vietnam ($228k), Hong Kong ($147k), and Jordan ($146k).

In 2022, South Korea imported $49.9M in Straw & esparto manufactures, mainly from China ($38.3M), Vietnam ($4.11M), Indonesia ($2.82M), Spain ($941k), and France ($855k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Straw & esparto manufactures EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$143k (4.13k%)
United Arab Emirates$121k (21.7%)
Jordan$93.3k (176%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Straw & esparto manufactures BY South Korea WERE (2021 - 2022):
Saudi Arabia-$219k (-94.8%)
Vietnam-$86.1k (-27.4%)
United States-$45.4k (-6.97%)
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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 Straw & esparto manufactures were:
China $1.67B
Vietnam $427M
India $200M
In 2022, South Korea's main importing competitors in Straw & esparto manufactures were:
United States $970M
Germany $255M
Japan $208M

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Trade Value of Straw & esparto manufactures by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $282k
TOP IMPORT POTENTIALChina+ $5.33M

Straw & esparto manufactures’s highest export potential is United States. With an export gap of $282k.   Straw & esparto manufactures’s highest import potential is China with an import gap of $5.33M.

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