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2022
Exports $5.85MWorld Rnk 67 / 193
Flag Rnk 806 / 1204
2022
Destination $440k United States
2021 - 2022
FASTEST GROWING MARKET $440kUnited States
2022
PRODUCT COMPLEXITY IN Knit Women's Undergarments-1.38Rnk 928 / 1025
2022
Imports $476MWorld Rnk 8 / 214
Flag Rnk 199 / 1213
2022
Origin $2.64M China
2021 - 2022
FASTEST GROWING ORIGIN $2.64MBurma
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.85M in Knit Women's Undergarments, making it the 67th largest exporter of Knit Women's Undergarments in the world. At the same year, Knit Women's Undergarments was the 806th most exported product in South Korea. The main destination of Knit Women's Undergarments exports from South Korea are: United States ($2.91M), Norway ($408k), Japan ($384k), China ($373k), and Romania ($338k).

The fastest growing export markets for Knit Women's Undergarments of South Korea between 2021 and 2022 were United States ($440k), Romania ($338k), and Norway ($94.4k).

Imports In 2022, South Korea imported $476M in Knit Women's Undergarments, becoming the 8th largest importer of Knit Women's Undergarments in the world. At the same year, Knit Women's Undergarments was the 199th most imported product in South Korea. South Korea imports Knit Women's Undergarments primarily from: China ($372M), Vietnam ($39.8M), Indonesia ($18.1M), Philippines ($9.46M), and Cambodia ($8.35M).

The fastest growing import markets in Knit Women's Undergarments for South Korea between 2021 and 2022 were Burma ($2.64M), Thailand ($1.34M), and India ($517k).

COMPANIES In 2023, leading companies such as Amazon (1) and Panasonic (1) were at the forefront of shipping Knit Women's Undergarments from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Knit Women's Undergarments exports accounted up to $558k and imports accounted up to $20.5M, resulting in a negative trade balance of $19.9M. Between July 2023 and July 2024 the exports of South Korea's   Knit Women's Undergarments have decreased by $-129k (-18.8%) from $687k to $558k, while imports increased by $3.18M (18.4%) from $17.3M to $20.5M.

Destinations In July 2024, Knit Women's Undergarments were exported mostly to United States ($308k), China ($99k), Hong Kong ($55k), Russia ($40k), and Mongolia ($20k), and were imported mostly from China ($12.3M), Vietnam ($4.08M), Indonesia ($1.81M), Philippines ($818k), and Bangladesh ($697k).

Growth In July 2024, the decrease in Knit Women's Undergarments's year-by-year exports was explained primarily by a decrease in exports to Japan ($-51k or -82.3%), Indonesia ($-41k or -100%), and China ($-32k or -69.6%). In July 2024, the increase in Knit Women's Undergarments's year-by-year imports was explained primarily by an increase in imports from Vietnam ($1.1M or 30.2%), Indonesia ($200k or 13.6%), and Sri Lanka ($128k or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-129k(-18.8%)
IMPORT GROWTH (July 2023 - July 2024)$3.18M(18.4%)
MAIN DESTINATION (July 2024)United States$308k

This section shows Knit Women's Undergarments'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 Knit Women's Undergarments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.85M
IMPORTS (2022)$476M
NET TRADE (2022)-$470M

In 2022, South Korea exported $5.85M in Knit Women's Undergarments. The main destinations of South Korea exports on Knit Women's Undergarments were United States ($2.91M), Norway ($408k), Japan ($384k), China ($373k), and Romania ($338k).

In 2022, South Korea imported $476M in Knit Women's Undergarments, mainly from China ($372M), Vietnam ($39.8M), Indonesia ($18.1M), Philippines ($9.46M), and Cambodia ($8.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit Women's Undergarments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$440k (17.8%)
Romania$338k (734k%)
Norway$94.4k (30.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Women's Undergarments BY South Korea WERE (2021 - 2022):
Indonesia-$1.42M (-92.2%)
Russia-$74.7k (-23.5%)
Hong Kong-$64.3k (-36.7%)
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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 Knit Women's Undergarments were:
China $6.96B
Bangladesh $1.74B
Vietnam $1.05B
In 2022, South Korea's main importing competitors in Knit Women's Undergarments were:
United States $4.19B
Germany $1.23B
United Kingdom $817M

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Trade Value of Knit Women's Undergarments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.77M
TOP IMPORT POTENTIALChina+ $29.8M

Knit Women's Undergarments’s highest export potential is United States. With an export gap of $1.77M.   Knit Women's Undergarments’s highest import potential is China with an import gap of $29.8M.

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