Knit Men's Shirts in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $49.8M in Knit Men's Shirts, making it the 29th largest exporter of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 489th most exported product in South Korea. The main destination of Knit Men's Shirts exports from South Korea are: United States ($37.1M), China ($5.84M), Germany ($1.24M), Japan ($1.16M), and Vietnam ($945k).

The fastest growing export markets for Knit Men's Shirts of South Korea between 2021 and 2022 were United States ($15.1M), Germany ($979k), and Vietnam ($790k).

Imports In 2022, South Korea imported $176M in Knit Men's Shirts, becoming the 13th largest importer of Knit Men's Shirts in the world. At the same year, Knit Men's Shirts was the 394th most imported product in South Korea. South Korea imports Knit Men's Shirts primarily from: Vietnam ($76.9M), China ($44.6M), Burma ($7.95M), Italy ($7.19M), and Bangladesh ($6.36M).

The fastest growing import markets in Knit Men's Shirts for South Korea between 2021 and 2022 were China ($14.5M), Vietnam ($10.6M), and Burma ($3.09M).

COMPANIES In 2023, leading companies such as TESLA, INC. (2) were at the forefront of shipping Knit Men's Shirts from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Knit Men's Shirts exports accounted up to $6.65M and imports accounted up to $32.9M, resulting in a negative trade balance of $26.3M. Between March 2023 and March 2024 the exports of South Korea's Knit Men's Shirts have increased by $537k (8.78%) from $6.11M to $6.65M, while imports increased by $577k (1.78%) from $32.3M to $32.9M.

Destinations In March 2024, Knit Men's Shirts were exported mostly to United States ($5.49M), China ($483k), Sweden ($166k), Japan ($143k), and Vietnam ($134k), and were imported mostly from Vietnam ($15.7M), China ($5.21M), Indonesia ($2.34M), Bangladesh ($1.59M), and Burma ($1.46M).

Growth In March 2024, the increase in Knit Men's Shirts's year-by-year exports was explained primarily by an increase in exports to United States ($1.19M or 37.3%), Canada ($45k or 205%), and Italy ($6k or 75%). In March 2024, the increase in Knit Men's Shirts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($5.29M or 71.9%), Turkey ($467k or 147%), and Cambodia ($292k or 113%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$537k(8.78%)

IMPORT GROWTH (March 2023 - March 2024)$577k(1.78%)

MAIN DESTINATION (March 2024)United States$5.49M

This section shows Knit Men's Shirts'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 Men's Shirts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$49.8M

IMPORTS (2022)$176M

NET TRADE (2022)-$126M

In 2022, South Korea exported $49.8M in Knit Men's Shirts. The main destinations of South Korea exports on Knit Men's Shirts were United States ($37.1M), China ($5.84M), Germany ($1.24M), Japan ($1.16M), and Vietnam ($945k).

In 2022, South Korea imported $176M in Knit Men's Shirts, mainly from Vietnam ($76.9M), China ($44.6M), Burma ($7.95M), Italy ($7.19M), and Bangladesh ($6.36M).

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