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2023
Exports $34.5MWorld Rnk 6 / 161
Flag Rnk 504 / 1188
2023
Destination $31.5M India
2022 - 2023
FASTEST GROWING MARKET $31.5MIndia
2023
PRODUCT COMPLEXITY IN Textile Scraps-0.9Rnk 804 / 1025
2023
Imports $3.96MWorld Rnk 36 / 214
Flag Rnk 1027 / 1208
2023
Origin $1.83M China
2022 - 2023
FASTEST GROWING ORIGIN $1.83MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $34.5M in Textile Scraps, making it the 6th largest exporter of Textile Scraps in the world. At the same year, Textile Scraps was the 504th most exported product in South Korea. The main destination of Textile Scraps exports from South Korea are: India ($32M), United Kingdom ($876k), Germany ($506k), Hong Kong ($391k), and Philippines ($287k).

The fastest growing export markets for Textile Scraps of South Korea between 2022 and 2023 were India ($31.5M), Hong Kong ($390k), and Philippines ($217k).

Imports In 2023, South Korea imported $3.96M in Textile Scraps, becoming the 36th largest importer of Textile Scraps in the world. At the same year, Textile Scraps was the 1027th most imported product in South Korea. South Korea imports Textile Scraps primarily from: China ($2.81M), India ($469k), United Kingdom ($180k), Japan ($102k), and Thailand ($86.4k).

The fastest growing import markets in Textile Scraps for South Korea between 2022 and 2023 were China ($1.83M), United Kingdom ($166k), and Thailand ($86.3k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Textile Scraps exports accounted up to $159k and imports accounted up to $123k, resulting in a positive trade balance of $36k. Between December 2023 and December 2024 the exports of South Korea's   Textile Scraps have increased by $152k (2.17k%) from $7k to $159k, while imports decreased by $-68k (-35.6%) from $191k to $123k.

Destinations In December 2024, Textile Scraps were exported mostly to India ($101k), Nigeria ($36k), Japan ($15k), Thailand ($7k), and China ($0), and were imported mostly from China ($70k), India ($53k), Nigeria ($0), Japan ($0), and Thailand ($0).

Growth In December 2024, the increase in Textile Scraps's year-by-year exports was explained primarily by an increase in exports to Japan ($7k or 233%). In December 2024, the decrease in Textile Scraps's year-by-year imports was explained primarily by a decrease in imports from India ($-66k or -82.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$152k(2.17k%)
IMPORT GROWTH (December 2023 - December 2024)$-68k(-35.6%)
MAIN DESTINATION (December 2024)India$101k

This section shows Textile Scraps'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 Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34.5M
IMPORTS (2023)$3.96M
NET TRADE (2023)$30.6M

In 2023, South Korea exported $34.5M in Textile Scraps. The main destinations of South Korea exports on Textile Scraps were India ($32M), United Kingdom ($876k), Germany ($506k), Hong Kong ($391k), and Philippines ($287k).

In 2023, South Korea imported $3.96M in Textile Scraps, mainly from China ($2.81M), India ($469k), United Kingdom ($180k), Japan ($102k), and Thailand ($86.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textile Scraps EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
India$31.5M (5.66k%)
Hong Kong$390k (36.3k%)
Philippines$217k (311%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Scraps BY South Korea WERE (2022 - 2023):
Mongolia-$3.51M (-100%)
United Kingdom-$174k (-16.6%)
Germany-$70.4k (-12.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Textile Scraps were:
Bangladesh $133M
United States $63.2M
Pakistan $54.5M
In 2023, South Korea's main importing competitors in Textile Scraps were:
India $229M
United States $86M
Italy $28M

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Trade Value of Textile Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $392k
TOP IMPORT POTENTIALChina+ $146k

Textile Scraps’s highest export potential is India. With an export gap of $392k.   Textile Scraps’s highest import potential is China with an import gap of $146k.

See methodology.

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