Other Non-Knit Clothing Accessories in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $306M in Other Non-Knit Clothing Accessories, making it the 3rd largest exporter of Other Non-Knit Clothing Accessories in the world. At the same year, Other Non-Knit Clothing Accessories was the 214th most exported product in South Korea. The main destination of Other Non-Knit Clothing Accessories exports from South Korea are: Vietnam ($173M), China ($44.9M), Indonesia ($41.7M), Burma ($18.8M), and Philippines ($10.3M).

The fastest growing export markets for Other Non-Knit Clothing Accessories of South Korea between 2021 and 2022 were China ($5.62M), Nicaragua ($2.26M), and Burma ($1.95M).

Imports In 2022, South Korea imported $80M in Other Non-Knit Clothing Accessories, becoming the 10th largest importer of Other Non-Knit Clothing Accessories in the world. At the same year, Other Non-Knit Clothing Accessories was the 562nd most imported product in South Korea. South Korea imports Other Non-Knit Clothing Accessories primarily from: Italy ($37M), China ($32.8M), Vietnam ($3.1M), United Kingdom ($2M), and France ($1.38M).

The fastest growing import markets in Other Non-Knit Clothing Accessories for South Korea between 2021 and 2022 were China ($8.5M), Italy ($6.69M), and United Kingdom ($1.82M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Other Non-Knit Clothing Accessories exports accounted up to $21.2M and imports accounted up to $2.86M, resulting in a positive trade balance of $18.4M. Between September 2023 and September 2024 the exports of South Korea's Other Non-Knit Clothing Accessories have decreased by $-5.39M (-20.2%) from $26.6M to $21.2M, while imports decreased by $-523k (-15.5%) from $3.38M to $2.86M.

Destinations In September 2024, Other Non-Knit Clothing Accessories were exported mostly to Vietnam ($14.2M), Indonesia ($2.58M), China ($1.29M), Burma ($1.23M), and Philippines ($913k), and were imported mostly from China ($1.57M), Italy ($769k), Vietnam ($361k), France ($28k), and Chinese Taipei ($20k).

Growth In September 2024, the decrease in Other Non-Knit Clothing Accessories's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-3.55M or -19.6%), China ($-1.03M or -40.2%), and Indonesia ($-839k or -20.7%). In September 2024, the decrease in Other Non-Knit Clothing Accessories's year-by-year imports was explained primarily by a decrease in imports from China ($-357k or -21%), Japan ($-56k or -71.8%), and Portugal ($-11k or -91.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-5.39M(-20.2%)

IMPORT GROWTH (September 2023 - September 2024)$-523k(-15.5%)

MAIN DESTINATION (September 2024)Vietnam$14.2M

This section shows Other Non-Knit Clothing Accessories'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 Other Non-Knit Clothing Accessories over time.

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