Sign In
Pricing

2022
Exports $1.01BWorld Rnk 2 / 176
Flag Rnk 97 / 1204
2022
Destination $7M United States
2021 - 2022
FASTEST GROWING MARKET $7MChinese Taipei
2022
PRODUCT COMPLEXITY IN Textile Processing Machines1.32Rnk 91 / 1025
2022
Imports $318MWorld Rnk 6 / 216
Flag Rnk 263 / 1213
2022
Origin $3.32M China
2021 - 2022
FASTEST GROWING ORIGIN $3.32MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.01B in Textile Processing Machines, making it the 2nd largest exporter of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 97th most exported product in South Korea. The main destination of Textile Processing Machines exports from South Korea are: United States ($595M), Canada ($68.4M), China ($43.6M), Vietnam ($36.1M), and Bangladesh ($27.7M).

The fastest growing export markets for Textile Processing Machines of South Korea between 2021 and 2022 were Chinese Taipei ($7M), India ($5.34M), and Australia ($4.85M).

Imports In 2022, South Korea imported $318M in Textile Processing Machines, becoming the 6th largest importer of Textile Processing Machines in the world. At the same year, Textile Processing Machines was the 263rd most imported product in South Korea. South Korea imports Textile Processing Machines primarily from: China ($281M), United States ($12.6M), Germany ($6.81M), Japan ($5.78M), and Italy ($2.57M).

The fastest growing import markets in Textile Processing Machines for South Korea between 2021 and 2022 were Germany ($3.32M), United States ($1.1M), and Netherlands ($895k).

COMPANIES In 2023, leading companies such as LG Electronics (1.08k), Samsung (114), and Hyosung (2) were at the forefront of shipping Textile Processing Machines from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Textile Processing Machines exports accounted up to $82.8M and imports accounted up to $9.83M, resulting in a positive trade balance of $73M. Between October 2023 and October 2024 the exports of South Korea's   Textile Processing Machines have decreased by $-6.33M (-7.09%) from $89.2M to $82.8M, while imports increased by $2.57M (35.3%) from $7.27M to $9.83M.

Destinations In October 2024, Textile Processing Machines were exported mostly to United States ($40.1M), Canada ($9.72M), China ($5.09M), Vietnam ($4.24M), and India ($2.72M), and were imported mostly from China ($7.89M), Japan ($724k), Mexico ($425k), Thailand ($360k), and Switzerland ($168k).

Growth In October 2024, the decrease in Textile Processing Machines's year-by-year exports was explained primarily by a decrease in exports to United States ($-24.7M or -36.2%), Vietnam ($-3.37M or -75.5%), and China ($-2.43M or -52.1%). In October 2024, the increase in Textile Processing Machines's year-by-year imports was explained primarily by an increase in imports from Thailand ($822k or 20.6k%), Italy ($114k or 600%), and Spain ($79k or 564%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-6.33M(-7.09%)
IMPORT GROWTH (October 2023 - October 2024)$2.57M(35.3%)
MAIN DESTINATION (October 2024)United States$40.1M

This section shows Textile Processing Machines'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 Textile Processing Machines over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$1.01B
IMPORTS (2022)$318M
NET TRADE (2022)$697M

In 2022, South Korea exported $1.01B in Textile Processing Machines. The main destinations of South Korea exports on Textile Processing Machines were United States ($595M), Canada ($68.4M), China ($43.6M), Vietnam ($36.1M), and Bangladesh ($27.7M).

In 2022, South Korea imported $318M in Textile Processing Machines, mainly from China ($281M), United States ($12.6M), Germany ($6.81M), Japan ($5.78M), and Italy ($2.57M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Processing Machines EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$7M (35.8%)
India$5.34M (63.9%)
Australia$4.85M (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Processing Machines BY South Korea WERE (2021 - 2022):
United States-$213M (-26.3%)
China-$22M (-33.5%)
Poland-$11.3M (-45%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Textile Processing Machines were:
China $1.79B
Poland $976M
In 2022, South Korea's main importing competitors in Textile Processing Machines were:
United States $1.83B
Germany $801M
China $419M

Explore Visualizations

Trade Value of Textile Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.8M
TOP IMPORT POTENTIALGermany+ $4.38M

Textile Processing Machines’s highest export potential is China. With an export gap of $21.8M.   Textile Processing Machines’s highest import potential is Germany with an import gap of $4.38M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms