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2022
Exports $4.54MWorld Rnk 28 / 164
Flag Rnk 845 / 1204
2022
Destination $377k Mongolia
2021 - 2022
FASTEST GROWING MARKET $377kGermany
2022
PRODUCT COMPLEXITY IN Textile Scraps-0.89Rnk 801 / 1025
2022
Imports $2.15MWorld Rnk 51 / 208
Flag Rnk 1091 / 1213
2022
Origin $523k China
2021 - 2022
FASTEST GROWING ORIGIN $523kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $4.54M in Textile Scraps, making it the 28th largest exporter of Textile Scraps in the world. At the same year, Textile Scraps was the 845th most exported product in South Korea. The main destination of Textile Scraps exports from South Korea are: Mongolia ($2.22M), United Kingdom ($843k), Germany ($510k), India ($455k), and Vietnam ($106k).

The fastest growing export markets for Textile Scraps of South Korea between 2021 and 2022 were Germany ($377k), United Kingdom ($370k), and India ($260k).

Imports In 2022, South Korea imported $2.15M in Textile Scraps, becoming the 51st largest importer of Textile Scraps in the world. At the same year, Textile Scraps was the 1091st most imported product in South Korea. South Korea imports Textile Scraps primarily from: China ($1.06M), India ($443k), United States ($146k), Japan ($139k), and United Kingdom ($94.8k).

The fastest growing import markets in Textile Scraps for South Korea between 2021 and 2022 were China ($523k), Canada ($47.7k), and United States ($37k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Textile Scraps exports accounted up to $97k and imports accounted up to $270k, resulting in a negative trade balance of $173k. Between July 2023 and July 2024 the exports of South Korea's   Textile Scraps have increased by $85k (708%) from $12k to $97k, while imports increased by $32k (13.4%) from $238k to $270k.

Destinations In July 2024, Textile Scraps were exported mostly to India ($86k), Japan ($11k), China ($0), Hong Kong ($0), and Iraq ($0), and were imported mostly from China ($203k), India ($37k), United States ($30k), Hong Kong ($0), and Iraq ($0).

Growth In July 2024, the increase in Textile Scraps's year-by-year exports was explained primarily by an increase in exports to Japan ($1k or 50%). In July 2024, the increase in Textile Scraps's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$85k(708%)
IMPORT GROWTH (July 2023 - July 2024)$32k(13.4%)
MAIN DESTINATION (July 2024)India$86k

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 (2022)$4.54M
IMPORTS (2022)$2.15M
NET TRADE (2022)$2.39M

In 2022, South Korea exported $4.54M in Textile Scraps. The main destinations of South Korea exports on Textile Scraps were Mongolia ($2.22M), United Kingdom ($843k), Germany ($510k), India ($455k), and Vietnam ($106k).

In 2022, South Korea imported $2.15M in Textile Scraps, mainly from China ($1.06M), India ($443k), United States ($146k), Japan ($139k), and United Kingdom ($94.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Scraps EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$377k (283%)
United Kingdom$370k (78.4%)
India$260k (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Scraps BY South Korea WERE (2021 - 2022):
Hong Kong-$362k (-99.7%)
Vietnam-$306k (-74.3%)
Cameroon-$92.2k (-100%)
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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 Textile Scraps were:
Bangladesh $171M
United States $72.4M
Pakistan $63M
In 2022, South Korea's main importing competitors in Textile Scraps were:
India $193M
United States $89.1M
Germany $42.2M

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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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