Exports In 2022, South Korea exported $1.68B in Man-made staple fibres, making it the 6th largest exporter of Man-made staple fibres in the world. At the same year, Man-made staple fibres was the 30th most exported product in South Korea. The main destination of Man-made staple fibres exports from South Korea are: Vietnam ($234M), United States ($184M), China ($148M), Turkey ($112M), and Indonesia ($95.4M).
The fastest growing export markets for Man-made staple fibres of South Korea between 2021 and 2022 were Turkey ($29.2M), Indonesia ($13.8M), and Saudi Arabia ($12.7M).
Imports In 2022, South Korea imported $703M in Man-made staple fibres, becoming the 16th largest importer of Man-made staple fibres in the world. At the same year, Man-made staple fibres was the 66th most imported product in South Korea. South Korea imports Man-made staple fibres primarily from: China ($305M), Indonesia ($114M), Vietnam ($86.1M), United States ($43.3M), and Austria ($28M).
The fastest growing import markets in Man-made staple fibres for South Korea between 2021 and 2022 were China ($25.9M), Belgium ($4.97M), and United States ($3.79M).
COMPANIES In 2023, leading companies such as ZF Friedrichshafen (66), LG Electronics (45), and General Motors (15) were at the forefront of shipping Man-made staple fibres from South Korea to the United States.