2022
Exports
$16.4kWorld Rnk 82 / 109
Flag Rnk 1165 / 1204
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025
2022
Imports
$46.7MWorld Rnk 7 / 137
Flag Rnk 685 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $16.4k in Wool, making it the 82nd largest exporter of Wool in the world. At the same year, Wool was the 1165th most exported product in South Korea. The main destination of Wool exports from South Korea are: Philippines ($14.1k), United States ($900), Panama ($697), Czechia ($454), and Burma ($116).

The fastest growing export markets for Wool of South Korea between 2021 and 2022 were Philippines ($13.9k), Panama ($697), and Czechia ($454).

Imports In 2022, South Korea imported $46.7M in Wool, becoming the 7th largest importer of Wool in the world. At the same year, Wool was the 685th most imported product in South Korea. South Korea imports Wool primarily from: Australia ($42.1M), China ($3.43M), Argentina ($521k), New Zealand ($269k), and Belgium ($220k).

The fastest growing import markets in Wool for South Korea between 2021 and 2022 were China ($1.02M), New Zealand ($101k), and Japan ($56.7k).

COMPANIES In 2023, leading companies such as At Home Procurement (10) and CNH Industrial (2) were at the forefront of shipping Wool from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$89k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$158k(5.86%)
MAIN DESTINATION (July 2024)Vietnam$89k

This section shows Wool'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 Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.4k
IMPORTS (2022)$46.7M
NET TRADE (2022)-$46.7M

In 2022, South Korea exported $16.4k in Wool. The main destinations of South Korea exports on Wool were Philippines ($14.1k), United States ($900), Panama ($697), Czechia ($454), and Burma ($116).

In 2022, South Korea imported $46.7M in Wool, mainly from Australia ($42.1M), China ($3.43M), Argentina ($521k), New Zealand ($269k), and Belgium ($220k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$13.9k (6.45k%)
Panama$697 (1%)
Czechia$454 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY South Korea WERE (2021 - 2022):
United States-$5.71k (-86.4%)
Burma-$3.97k (-97.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Wool were:
In 2022, South Korea's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.18k
TOP IMPORT POTENTIALChina+ $415k

Wool’s highest export potential is United States. With an export gap of $1.18k.   Wool’s highest import potential is China with an import gap of $415k.

See methodology.

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