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falsefalse Vietnam
2021 - 2022
FASTEST GROWING MARKETfalseVietnam
2022
PRODUCT COMPLEXITY IN Tanned Equine and Bovine Hides-1Rnk 841 / 1025
2022
ImportsfalseWorld Rnk 16 / 191
Flag Rnk 300 / 1213
2021 - 2022
FASTEST GROWING ORIGINfalseN/A
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported N/A in Tanned Equine and Bovine Hides, making it the 11th largest exporter of Tanned Equine and Bovine Hides in the world. At the same year, Tanned Equine and Bovine Hides was the 205th most exported product in South Korea. The main destination of Tanned Equine and Bovine Hides exports from South Korea are: Vietnam ($110M), Cambodia ($53.1M), Indonesia ($38.9M), China ($38.9M), and Philippines ($30.1M).

The fastest growing export markets for Tanned Equine and Bovine Hides of South Korea between 2021 and 2022 were Vietnam ($17.6M), Cambodia ($10.2M), and Burma ($4.93M).

Imports In 2022, South Korea imported $258M in Tanned Equine and Bovine Hides, becoming the 16th largest importer of Tanned Equine and Bovine Hides in the world. At the same year, Tanned Equine and Bovine Hides was the 300th most imported product in South Korea. South Korea imports Tanned Equine and Bovine Hides primarily from: United States ($110M), Italy ($43.9M), Brazil ($29.2M), China ($16.4M), and Canada ($11.3M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Tanned Equine and Bovine Hides exports accounted up to $848k and imports accounted up to $1.07M, resulting in a negative trade balance of $217k. Between July 2023 and July 2024 the exports of South Korea's   Tanned Equine and Bovine Hides have increased by $169k (24.9%) from $679k to $848k, while imports increased by $253k (31.2%) from $812k to $1.07M.

Destinations In July 2024, Tanned Equine and Bovine Hides were exported mostly to China ($317k), Japan ($315k), Indonesia ($213k), Sri Lanka ($2k), and Vietnam ($1k), and were imported mostly from China ($356k), Australia ($312k), Brazil ($153k), United States ($119k), and Italy ($78k).

Growth In July 2024, the increase in Tanned Equine and Bovine Hides's year-by-year exports was explained primarily by an increase in exports to Indonesia ($230k or 535%). In July 2024, the increase in Tanned Equine and Bovine Hides's year-by-year imports was explained primarily by an increase in imports from Italy ($321k or 32.1k%) and Brazil ($80k or 133%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$169k(24.9%)
IMPORT GROWTH (July 2023 - July 2024)$253k(31.2%)
MAIN DESTINATION (July 2024)China$317k

This section shows Tanned Equine and Bovine Hides'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 Tanned Equine and Bovine Hides over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$258M

In N/A, South Korea exported N/A in Tanned Equine and Bovine Hides. The main destinations of South Korea exports on Tanned Equine and Bovine Hides were Vietnam ($110M), Cambodia ($53.1M), Indonesia ($38.9M), China ($38.9M), and Philippines ($30.1M).

In 2022, South Korea imported $258M in Tanned Equine and Bovine Hides, mainly from United States ($110M), Italy ($43.9M), Brazil ($29.2M), China ($16.4M), and Canada ($11.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanned Equine and Bovine Hides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$17.6M (19%)
Cambodia$10.2M (23.8%)
Burma$4.93M (87.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanned Equine and Bovine Hides BY South Korea WERE (2021 - 2022):
China-$4.52M (-10.4%)
Indonesia-$2.61M (-6.29%)
Bangladesh-$446k (-5.17%)
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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 Tanned Equine and Bovine Hides were:
Italy $2.7B
United States $1.57B
Brazil $1.23B
In 2022, South Korea's main importing competitors in Tanned Equine and Bovine Hides were:
China $2.31B
Italy $1.69B
Vietnam $1.34B

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Trade Value of Tanned Equine and Bovine Hides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.43M
TOP IMPORT POTENTIALBrazil+ $1.13M

Tanned Equine and Bovine Hides’s highest export potential is China. With an export gap of $3.43M.   Tanned Equine and Bovine Hides’s highest import potential is Brazil with an import gap of $1.13M.

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