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Pricing

2022
Exports $596kWorld Rnk 30 / 164
Flag Rnk 1023 / 1204
2022
Destination $165k Mexico
2021 - 2022
FASTEST GROWING MARKET $165kMexico
2022
Imports $23.7MWorld Rnk 6 / 201
Flag Rnk 812 / 1213
2022
Origin $7.08M China
2021 - 2022
FASTEST GROWING ORIGIN $7.08MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $596k in Neck Ties, making it the 30th largest exporter of Neck Ties in the world. At the same year, Neck Ties was the 1023rd most exported product in South Korea. The main destination of Neck Ties exports from South Korea are: Mexico ($210k), Japan ($111k), United States ($107k), Hong Kong ($42.6k), and Vietnam ($33.5k).

The fastest growing export markets for Neck Ties of South Korea between 2021 and 2022 were Mexico ($165k), Japan ($54.5k), and United States ($20.8k).

Imports In 2022, South Korea imported $23.7M in Neck Ties, becoming the 6th largest importer of Neck Ties in the world. At the same year, Neck Ties was the 812th most imported product in South Korea. South Korea imports Neck Ties primarily from: China ($16M), Italy ($5.18M), France ($1.78M), United Kingdom ($322k), and Japan ($89.3k).

The fastest growing import markets in Neck Ties for South Korea between 2021 and 2022 were China ($7.08M), France ($573k), and Italy ($314k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Neck Ties exports accounted up to $35k and imports accounted up to $1.31M, resulting in a negative trade balance of $1.28M. Between September 2023 and September 2024 the exports of South Korea's   Neck Ties have decreased by $-21k (-37.5%) from $56k to $35k, while imports increased by $351k (36.5%) from $961k to $1.31M.

Destinations In September 2024, Neck Ties were exported mostly to Mexico ($24k), Thailand ($4k), United States ($3k), Vietnam ($2k), and China ($1k), and were imported mostly from Italy ($758k), China ($374k), France ($145k), United States ($18k), and United Kingdom ($6k).

Growth In September 2024, the decrease in Neck Ties's year-by-year exports was explained primarily by a decrease in exports to United States ($-13k or -92.9%), Hong Kong ($-5k or -100%), and United Kingdom ($-1k or -100%). In September 2024, the increase in Neck Ties's year-by-year imports was explained primarily by an increase in imports from Germany ($1k or 25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-21k(-37.5%)
IMPORT GROWTH (September 2023 - September 2024)$351k(36.5%)
MAIN DESTINATION (September 2024)Mexico$24k

This section shows Neck Ties'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 Neck Ties over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$596k
IMPORTS (2022)$23.7M
NET TRADE (2022)-$23.1M

In 2022, South Korea exported $596k in Neck Ties. The main destinations of South Korea exports on Neck Ties were Mexico ($210k), Japan ($111k), United States ($107k), Hong Kong ($42.6k), and Vietnam ($33.5k).

In 2022, South Korea imported $23.7M in Neck Ties, mainly from China ($16M), Italy ($5.18M), France ($1.78M), United Kingdom ($322k), and Japan ($89.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Neck Ties EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mexico$165k (366%)
Japan$54.5k (96.5%)
United States$20.8k (24.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Neck Ties BY South Korea WERE (2021 - 2022):
China-$96k (-97.2%)
Hong Kong-$57.5k (-57.4%)
Malaysia-$57.1k (-99.7%)
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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 Neck Ties were:
China $232M
Italy $89.5M
France $45.7M
In 2022, South Korea's main importing competitors in Neck Ties were:
United States $106M
India $51.9M
Japan $41.5M

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Trade Value of Neck Ties by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $79.3k
TOP IMPORT POTENTIALChina+ $1.1M

Neck Ties’s highest export potential is United States. With an export gap of $79.3k.   Neck Ties’s highest import potential is China with an import gap of $1.1M.

See methodology.

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