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2022
Exports $849MWorld Rnk 35 / 226
Flag Rnk 44 / 96
2022
Destination $9.06M China
2021 - 2022
FASTEST GROWING MARKET $9.06MHong Kong
2022
PRODUCT COMPLEXITY IN Non-knitted clothing accesories-0.62Rnk 737 / 1025
2022
Imports $7.66BWorld Rnk 10 / 226
Flag Rnk 15 / 96
2022
Origin $555M China
2021 - 2022
FASTEST GROWING ORIGIN $555MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $849M in Non-knitted clothing accesories, making it the 35th largest exporter of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 44th most exported product in South Korea. The main destination of Non-knitted clothing accesories exports from South Korea are: China ($271M), Vietnam ($182M), Japan ($67.5M), Hong Kong ($50.1M), and United States ($49.5M).

The fastest growing export markets for Non-knitted clothing accesories of South Korea between 2021 and 2022 were Hong Kong ($9.06M), United States ($8.88M), and Canada ($7.53M).

Imports In 2022, South Korea imported $7.66B in Non-knitted clothing accesories, becoming the 10th largest importer of Non-knitted clothing accesories in the world. At the same year, Non-knitted clothing accesories was the 15th most imported product in South Korea. South Korea imports Non-knitted clothing accesories primarily from: China ($3.09B), Vietnam ($2.07B), Italy ($485M), Burma ($370M), and Indonesia ($316M).

The fastest growing import markets in Non-knitted clothing accesories for South Korea between 2021 and 2022 were China ($555M), Vietnam ($144M), and Burma ($113M).

COMPANIES In 2023, leading companies such as Ford Motor Company (30), Samsung (7), and Mahle Behr (3) were at the forefront of shipping Non-knitted clothing accesories from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Non-knitted clothing accesories exports accounted up to $74.6M and imports accounted up to $575M, resulting in a negative trade balance of $500M. Between July 2023 and July 2024 the exports of South Korea's   Non-knitted clothing accesories have increased by $710k (0.96%) from $73.8M to $74.6M, while imports decreased by $-20.7M (-3.48%) from $596M to $575M.

Destinations In July 2024, Non-knitted clothing accesories were exported mostly to China ($22.5M), Vietnam ($20.4M), Japan ($5.66M), Hong Kong ($4.28M), and Indonesia ($4.19M), and were imported mostly from China ($192M), Vietnam ($172M), Italy ($50.1M), Indonesia ($26.6M), and Burma ($21.2M).

Growth In July 2024, the increase in Non-knitted clothing accesories's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($988k or 41.8%), Thailand ($545k or 138%), and Canada ($529k or 51.7%). In July 2024, the decrease in Non-knitted clothing accesories's year-by-year imports was explained primarily by a decrease in imports from China ($-20.9M or -10.7%), Romania ($-4.33M or -29.9%), and United Kingdom ($-1.27M or -27.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$710k(0.96%)
IMPORT GROWTH (July 2023 - July 2024)$-20.7M(-3.48%)
MAIN DESTINATION (July 2024)China$22.5M

This section shows Non-knitted clothing accesories'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 Non-knitted clothing accesories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$849M
IMPORTS (2022)$7.66B
NET TRADE (2022)-$6.81B

In 2022, South Korea exported $849M in Non-knitted clothing accesories. The main destinations of South Korea exports on Non-knitted clothing accesories were China ($271M), Vietnam ($182M), Japan ($67.5M), Hong Kong ($50.1M), and United States ($49.5M).

In 2022, South Korea imported $7.66B in Non-knitted clothing accesories, mainly from China ($3.09B), Vietnam ($2.07B), Italy ($485M), Burma ($370M), and Indonesia ($316M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Non-knitted clothing accesories EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$9.06M (22.1%)
United States$8.88M (21.9%)
Canada$7.53M (98.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Non-knitted clothing accesories BY South Korea WERE (2021 - 2022):
China-$20.7M (-7.09%)
Vietnam-$17.1M (-8.59%)
Japan-$14.7M (-17.9%)
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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 Non-knitted clothing accesories were:
China $75.3B
Bangladesh $24.3B
Vietnam $17.5B
In 2022, South Korea's main importing competitors in Non-knitted clothing accesories were:
United States $46.5B
Germany $24.4B
France $12.6B

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Trade Value of Non-knitted clothing accesories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $44.2M
TOP IMPORT POTENTIALChina+ $534M

Non-knitted clothing accesories’s highest export potential is United States. With an export gap of $44.2M.   Non-knitted clothing accesories’s highest import potential is China with an import gap of $534M.

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