Carpets & textile floor covers in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $40.3M in Carpets & textile floor covers, making it the 35th largest exporter of Carpets & textile floor covers in the world. At the same year, Carpets & textile floor covers was the 86th most exported product in South Korea. The main destination of Carpets & textile floor covers exports from South Korea are: United States ($22.7M), Australia ($2.74M), Canada ($1.58M), Slovakia ($1.36M), and Denmark ($1.15M).

The fastest growing export markets for Carpets & textile floor covers of South Korea between 2021 and 2022 were United States ($4.17M), Australia ($1.74M), and Yemen ($765k).

Imports In 2022, South Korea imported $136M in Carpets & textile floor covers, becoming the 27th largest importer of Carpets & textile floor covers in the world. At the same year, Carpets & textile floor covers was the 87th most imported product in South Korea. South Korea imports Carpets & textile floor covers primarily from: China ($87.9M), Vietnam ($18.1M), United States ($5.24M), India ($4.75M), and Belgium ($3.23M).

The fastest growing import markets in Carpets & textile floor covers for South Korea between 2021 and 2022 were China ($11.5M), Vietnam ($1.92M), and United States ($1.03M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTORNICS AMERICA, INC. (1), DAVID PEYSER SPORTSWEAR INC. (1), and CSI IMPORTS (1) were at the forefront of shipping Carpets & textile floor covers from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Carpets & textile floor covers exports accounted up to $3.87M and imports accounted up to $9.18M, resulting in a negative trade balance of $5.31M. Between March 2023 and March 2024 the exports of South Korea's Carpets & textile floor covers have increased by $29k (0.76%) from $3.84M to $3.87M, while imports decreased by $-3.36M (-26.8%) from $12.5M to $9.18M.

Destinations In March 2024, Carpets & textile floor covers were exported mostly to United States ($2.76M), Sweden ($193k), Yemen ($154k), United Kingdom ($145k), and United Arab Emirates ($122k), and were imported mostly from China ($6.12M), Vietnam ($1.37M), India ($363k), Japan ($263k), and United States ($216k).

Growth In March 2024, the increase in Carpets & textile floor covers's year-by-year exports was explained primarily by an increase in exports to United States ($837k or 78.7%), Japan ($84k or 200%), and Chinese Taipei ($77k or 226%). In March 2024, the decrease in Carpets & textile floor covers's year-by-year imports was explained primarily by a decrease in imports from China ($-668k or -8.93%), Spain ($-293k or -61.3%), and United Kingdom ($-237k or -99.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$29k(0.76%)

IMPORT GROWTH (March 2023 - March 2024)$-3.36M(-26.8%)

MAIN DESTINATION (March 2024)United States$2.76M

This section shows Carpets & textile floor covers'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 Carpets & textile floor covers over time.

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