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

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Exports In 2022, South Korea exported $10.9M 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).

The fastest growing export markets for Vegetable textile fibers, paper yarn & fabrics of South Korea between 2021 and 2022 were Burma ($282k), Senegal ($99.6k), and Japan ($87.9k).

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 (2), LG Electronics (2), and Amazon (1) were at the forefront of shipping Vegetable textile fibers, paper yarn & fabrics from South Korea to the United States.

Latest Trends

July 2024

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Overview In July 2024 South Korea's Vegetable textile fibers, paper yarn & fabrics exports accounted up to $323k and imports accounted up to $4.25M, resulting in a negative trade balance of $3.93M. Between July 2023 and July 2024 the exports of South Korea's Vegetable textile fibers, paper yarn & fabrics have increased by $16k (5.21%) from $307k to $323k, while imports increased by $1.28M (42.9%) from $2.98M to $4.25M.

Destinations In July 2024, Vegetable textile fibers, paper yarn & fabrics were exported mostly to United States ($188k), China ($61k), Japan ($15k), Vietnam ($12k), and Chinese Taipei ($9k), and were imported mostly from China ($3.17M), Bangladesh ($525k), Italy ($182k), Vietnam ($111k), and Sri Lanka ($75k).

Growth In July 2024, the increase in Vegetable textile fibers, paper yarn & fabrics's year-by-year exports was explained primarily by an increase in exports to Japan ($91k or 50%), United States ($45k or 81.8%), and United Kingdom ($1k or 100%). In July 2024, the increase in Vegetable textile fibers, paper yarn & fabrics's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($133k or 605%), India ($76k or 185%), and United Kingdom ($14k or 46.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$16k(5.21%)

IMPORT GROWTH (July 2023 - July 2024)$1.28M(42.9%)

MAIN DESTINATION (July 2024)United States$188k

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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