Vegetable textile fibers, paper yarn & fabrics in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported N/A in Vegetable textile fibers, paper yarn & fabrics, making it the 35th largest exporter of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 90th most exported product in South Korea. The main destination of Vegetable textile fibers, paper yarn & fabrics exports from South Korea are: Vietnam ($2.31M), United States ($1.79M), China ($1.76M), Japan ($1.5M), and Hong Kong ($836k).

Imports In 2022, South Korea imported $101M in Vegetable textile fibers, paper yarn & fabrics, becoming the 17th largest importer of Vegetable textile fibers, paper yarn & fabrics in the world. At the same year, Vegetable textile fibers, paper yarn & fabrics was the 90th most imported product in South Korea. South Korea imports Vegetable textile fibers, paper yarn & fabrics primarily from: China ($55.1M), India ($15.2M), Bangladesh ($8.67M), Sri Lanka ($7.94M), and Italy ($6.7M).

The fastest growing import markets in Vegetable textile fibers, paper yarn & fabrics for South Korea between 2021 and 2022 were Italy ($1.56M), Belarus ($171k), and United Kingdom ($65.2k).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (2), LG ELECTRONICS USA (2), and AMAZON SERVICES LLC (1) were at the forefront of shipping Vegetable textile fibers, paper yarn & fabrics from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Vegetable textile fibers, paper yarn & fabrics exports accounted up to $453k and imports accounted up to $5.49M, resulting in a negative trade balance of $5.03M. Between March 2023 and March 2024 the exports of South Korea's Vegetable textile fibers, paper yarn & fabrics have decreased by $-282k (-38.4%) from $735k to $453k, while imports decreased by $-3.03M (-35.6%) from $8.51M to $5.49M.

Destinations In March 2024, Vegetable textile fibers, paper yarn & fabrics were exported mostly to United States ($207k), Japan ($71k), Argentina ($51k), Vietnam ($46k), and China ($25k), and were imported mostly from China ($4.41M), Bangladesh ($567k), Vietnam ($162k), Italy ($76k), and Japan ($73k).

Growth In March 2024, the decrease in Vegetable textile fibers, paper yarn & fabrics's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-73k or -44.5%), Hong Kong ($-65k or -59.6%), and China ($-45k or -59.2%). In March 2024, the decrease in Vegetable textile fibers, paper yarn & fabrics's year-by-year imports was explained primarily by a decrease in imports from China ($-4.26M or -50.1%), Italy ($-203k or -30.2%), and Bangladesh ($-164k or -15.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-282k(-38.4%)

IMPORT GROWTH (March 2023 - March 2024)$-3.03M(-35.6%)

MAIN DESTINATION (March 2024)United States$207k

This section shows Vegetable textile fibers, paper yarn & fabrics'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 textile fibers, paper yarn & fabrics over time.

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