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2022
Exports $20.4MWorld Rnk 20 / 182
Flag Rnk 646 / 1204
2022
Destination $1.16M Saudi Arabia
2021 - 2022
FASTEST GROWING MARKET $1.16MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Blankets-0.91Rnk 813 / 1025
2022
Imports $79.4MWorld Rnk 14 / 220
Flag Rnk 563 / 1213
2022
Origin $1.14M China
2021 - 2022
FASTEST GROWING ORIGIN $1.14MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $20.4M in Blankets, making it the 20th largest exporter of Blankets in the world. At the same year, Blankets was the 646th most exported product in South Korea. The main destination of Blankets exports from South Korea are: Saudi Arabia ($7.6M), Philippines ($5.55M), United States ($1.1M), Chinese Taipei ($968k), and India ($824k).

The fastest growing export markets for Blankets of South Korea between 2021 and 2022 were Saudi Arabia ($1.16M), Philippines ($543k), and India ($457k).

Imports In 2022, South Korea imported $79.4M in Blankets, becoming the 14th largest importer of Blankets in the world. At the same year, Blankets was the 563rd most imported product in South Korea. South Korea imports Blankets primarily from: China ($71.6M), Vietnam ($1.84M), France ($1.36M), Italy ($789k), and United Kingdom ($756k).

The fastest growing import markets in Blankets for South Korea between 2021 and 2022 were France ($1.14M), Vietnam ($427k), and Netherlands ($165k).

COMPANIES In 2023, leading companies such as At Home Procurement (32) and Costco Wholesale (1) were at the forefront of shipping Blankets from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Blankets exports accounted up to $789k and imports accounted up to $5.46M, resulting in a negative trade balance of $4.67M. Between September 2023 and September 2024 the exports of South Korea's   Blankets have decreased by $-442k (-35.9%) from $1.23M to $789k, while imports decreased by $-1.39M (-20.4%) from $6.85M to $5.46M.

Destinations In September 2024, Blankets were exported mostly to United States ($219k), Philippines ($173k), Japan ($91k), Chinese Taipei ($89k), and United Arab Emirates ($51k), and were imported mostly from China ($5.05M), Vietnam ($135k), France ($58k), United Kingdom ($54k), and India ($53k).

Growth In September 2024, the decrease in Blankets's year-by-year exports was explained primarily by a decrease in exports to Philippines ($-335k or -54%), India ($-151k or -71.6%), and United States ($-72k or -77.4%). In September 2024, the decrease in Blankets's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-187k or -97.4%), China ($-39k or -1.56%), and India ($-35k or -74.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-442k(-35.9%)
IMPORT GROWTH (September 2023 - September 2024)$-1.39M(-20.4%)
MAIN DESTINATION (September 2024)United States$219k

This section shows Blankets'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 Blankets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.4M
IMPORTS (2022)$79.4M
NET TRADE (2022)-$59.1M

In 2022, South Korea exported $20.4M in Blankets. The main destinations of South Korea exports on Blankets were Saudi Arabia ($7.6M), Philippines ($5.55M), United States ($1.1M), Chinese Taipei ($968k), and India ($824k).

In 2022, South Korea imported $79.4M in Blankets, mainly from China ($71.6M), Vietnam ($1.84M), France ($1.36M), Italy ($789k), and United Kingdom ($756k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Blankets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Saudi Arabia$1.16M (18%)
Philippines$543k (10.8%)
India$457k (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Blankets BY South Korea WERE (2021 - 2022):
Japan-$691k (-67.2%)
United States-$477k (-30.2%)
Kuwait-$121k (-63.7%)
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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 Blankets were:
China $4.39B
India $217M
Germany $91.3M
In 2022, South Korea's main importing competitors in Blankets were:
United States $1.95B
Japan $251M
Germany $248M

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Trade Value of Blankets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.45M
TOP IMPORT POTENTIALChina+ $12.1M

Blankets’s highest export potential is United States. With an export gap of $1.45M.   Blankets’s highest import potential is China with an import gap of $12.1M.

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