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2022
Exports $29MWorld Rnk 8 / 122
Flag Rnk 581 / 1204
2022
Destination $12.9M Thailand
2021 - 2022
FASTEST GROWING MARKET $12.9MThailand
2022
PRODUCT COMPLEXITY IN Tanned Sheep Hides-1.92Rnk 991 / 1025
2022
Imports $63.6MWorld Rnk 3 / 144
Flag Rnk 621 / 1213
2022
Origin $12M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $12MIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $29M in Tanned Sheep Hides, making it the 8th largest exporter of Tanned Sheep Hides in the world. At the same year, Tanned Sheep Hides was the 581st most exported product in South Korea. The main destination of Tanned Sheep Hides exports from South Korea are: Thailand ($20.5M), China ($2.63M), Vietnam ($2.15M), Cambodia ($1.03M), and Hong Kong ($864k).

The fastest growing export markets for Tanned Sheep Hides of South Korea between 2021 and 2022 were Thailand ($12.9M), Hong Kong ($317k), and Pakistan ($305k).

Imports In 2022, South Korea imported $63.6M in Tanned Sheep Hides, becoming the 3rd largest importer of Tanned Sheep Hides in the world. At the same year, Tanned Sheep Hides was the 621st most imported product in South Korea. South Korea imports Tanned Sheep Hides primarily from: Indonesia ($19.8M), Italy ($16.9M), Turkey ($12M), China ($5.8M), and India ($4.03M).

The fastest growing import markets in Tanned Sheep Hides for South Korea between 2021 and 2022 were Indonesia ($12M), France ($1.46M), and Turkey ($1.39M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Tanned Sheep Hides exports accounted up to $0 and imports accounted up to $79k, resulting in a negative trade balance of $79k. Between July 2023 and July 2024 the exports of South Korea's   Tanned Sheep Hides have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-211k (-72.8%) from $290k to $79k.

Destinations In July 2024, Tanned Sheep Hides were exported mostly to China ($0) and Italy ($0), and were imported mostly from China ($79k) and Italy ($0).

Growth In July 2024, the change in Tanned Sheep Hides's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Tanned Sheep Hides's year-by-year imports was explained primarily by a decrease in imports from China ($-119k or -13.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$-211k(-72.8%)
MAIN DESTINATION (July 2024)China$0

This section shows Tanned Sheep 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 Sheep Hides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$29M
IMPORTS (2022)$63.6M
NET TRADE (2022)-$34.6M

In 2022, South Korea exported $29M in Tanned Sheep Hides. The main destinations of South Korea exports on Tanned Sheep Hides were Thailand ($20.5M), China ($2.63M), Vietnam ($2.15M), Cambodia ($1.03M), and Hong Kong ($864k).

In 2022, South Korea imported $63.6M in Tanned Sheep Hides, mainly from Indonesia ($19.8M), Italy ($16.9M), Turkey ($12M), China ($5.8M), and India ($4.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanned Sheep Hides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Thailand$12.9M (171%)
Hong Kong$317k (57.9%)
Pakistan$305k (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanned Sheep Hides BY South Korea WERE (2021 - 2022):
Vietnam-$4.85M (-69.3%)
China-$640k (-19.6%)
Indonesia-$181k (-86.6%)
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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 Sheep Hides were:
Spain $150M
Italy $118M
China $95.2M
In 2022, South Korea's main importing competitors in Tanned Sheep Hides were:
Italy $306M
Spain $68.2M

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Trade Value of Tanned Sheep Hides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $41.5k
TOP IMPORT POTENTIALPakistan+ $44.1k

Tanned Sheep Hides’s highest export potential is China. With an export gap of $41.5k.   Tanned Sheep Hides’s highest import potential is Pakistan with an import gap of $44.1k.

See methodology.

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