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2018
Exports $6.32kWorld Rnk 91 / 130
Flag Rnk 1180 / 1204
2018
Destination $309 Netherlands
2021 - 2022
FASTEST GROWING MARKET $309Ireland
2018
Imports $2.84MWorld Rnk 21 / 179
Flag Rnk 1074 / 1213
2018
Origin $265k China
2021 - 2022
FASTEST GROWING ORIGIN $265kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2018, South Korea exported $6.32k in Vegetable Plaiting Materials, making it the 91st largest exporter of Vegetable Plaiting Materials in the world. At the same year, Vegetable Plaiting Materials was the 1180th most exported product in South Korea. The main destination of Vegetable Plaiting Materials exports from South Korea are: Netherlands ($2.71k), Vietnam ($2.04k), China ($1.25k), Ireland ($309), and Japan ($10).

The fastest growing export markets for Vegetable Plaiting Materials of South Korea between 2021 and 2022 were Ireland ($309) and Netherlands ($133).

Imports In 2022, South Korea imported $2.84M in Vegetable Plaiting Materials, becoming the 21st largest importer of Vegetable Plaiting Materials in the world. At the same year, Vegetable Plaiting Materials was the 1074th most imported product in South Korea. South Korea imports Vegetable Plaiting Materials primarily from: China ($2.63M), Philippines ($60.1k), United Kingdom ($43.8k), Australia ($27.1k), and Russia ($22.1k).

The fastest growing import markets in Vegetable Plaiting Materials for South Korea between 2021 and 2022 were China ($265k), United Kingdom ($43.8k), and Philippines ($26k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Vegetable Plaiting Materials exports accounted up to $1k and imports accounted up to $188k, resulting in a negative trade balance of $187k. Between July 2023 and July 2024 the exports of South Korea's   Vegetable Plaiting Materials have increased by $1k (N/A%) from $0 to $1k, while imports increased by $49k (35.3%) from $139k to $188k.

Destinations In July 2024, Vegetable Plaiting Materials were exported mostly to China ($1k), Indonesia ($0), Philippines ($0), Vietnam ($0), and United States ($0), and were imported mostly from China ($154k), Philippines ($33k), Vietnam ($1k), Indonesia ($0), and United States ($0).

Growth In July 2024, the increase in Vegetable Plaiting Materials's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Vegetable Plaiting Materials's year-by-year imports was explained primarily by an increase in imports from Philippines ($8k or 267%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$49k(35.3%)
MAIN DESTINATION (July 2024)China$1k

This section shows Vegetable Plaiting Materials'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 Vegetable Plaiting Materials over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.32k
IMPORTS (2022)$2.84M
NET TRADE (2022)-$2.83M

In 2022, South Korea exported $6.32k in Vegetable Plaiting Materials. The main destinations of South Korea exports on Vegetable Plaiting Materials were Netherlands ($2.71k), Vietnam ($2.04k), China ($1.25k), Ireland ($309), and Japan ($10).

In 2022, South Korea imported $2.84M in Vegetable Plaiting Materials, mainly from China ($2.63M), Philippines ($60.1k), United Kingdom ($43.8k), Australia ($27.1k), and Russia ($22.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Plaiting Materials EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Ireland$309 (1%)
Netherlands$133 (5.17%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Plaiting Materials BY South Korea WERE (2021 - 2022):
China-$8.51k (-87.2%)
Vietnam-$5.18k (-71.7%)
United States-$315 (-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 Vegetable Plaiting Materials were:
China $197M
Netherlands $18M
Vietnam $17.1M
In 2022, South Korea's main importing competitors in Vegetable Plaiting Materials were:
India $74.3M
Netherlands $34.9M
United States $25.4M

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Trade Value of Vegetable Plaiting Materials by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.86k
TOP IMPORT POTENTIALChina+ $543k

Vegetable Plaiting Materials’s highest export potential is China. With an export gap of $2.86k.   Vegetable Plaiting Materials’s highest import potential is China with an import gap of $543k.

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