Knit Sweaters in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $153M in Knit Sweaters, making it the 43rd largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 320th most exported product in South Korea. The main destination of Knit Sweaters exports from South Korea are: China ($37.5M), United States ($35.9M), Japan ($28.1M), Hong Kong ($18.5M), and Canada ($9.75M).

The fastest growing export markets for Knit Sweaters of South Korea between 2021 and 2022 were United States ($5.06M), Canada ($4.31M), and Hong Kong ($2.27M).

Imports In 2022, South Korea imported $1.71B in Knit Sweaters, becoming the 11th largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 58th most imported product in South Korea. South Korea imports Knit Sweaters primarily from: China ($845M), Vietnam ($218M), Italy ($181M), Bangladesh ($117M), and United Kingdom ($58.1M).

The fastest growing import markets in Knit Sweaters for South Korea between 2021 and 2022 were Italy ($45.1M), Vietnam ($38.1M), and Bangladesh ($29.6M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Knit Sweaters from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Knit Sweaters exports accounted up to $9.62M and imports accounted up to $104M, resulting in a negative trade balance of $94.6M. Between February 2023 and February 2024 the exports of South Korea's Knit Sweaters have decreased by $-1.83M (-15.9%) from $11.4M to $9.62M, while imports increased by $6.63M (6.79%) from $97.6M to $104M.

Destinations In February 2024, Knit Sweaters were exported mostly to Japan ($2.46M), China ($1.92M), United States ($1.79M), Hong Kong ($890k), and Canada ($431k), and were imported mostly from China ($35.6M), Vietnam ($16M), Italy ($15.5M), Bangladesh ($13.9M), and Portugal ($4.36M).

Growth In February 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.2M or -33.3%), United States ($-1.06M or -36%), and China ($-755k or -35.2%). In February 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from China ($8.71M or 15.4%), Cambodia ($1.91M or 68.5%), and Bangladesh ($1.24M or 13.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.83M(-15.9%)

IMPORT GROWTH (February 2023 - February 2024)$6.63M(6.79%)

MAIN DESTINATION (February 2024)Japan$2.46M

This section shows Knit Sweaters'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 Sweaters over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$153M

IMPORTS (2022)$1.71B

NET TRADE (2022)-$1.56B

In 2022, South Korea exported $153M in Knit Sweaters. The main destinations of South Korea exports on Knit Sweaters were China ($37.5M), United States ($35.9M), Japan ($28.1M), Hong Kong ($18.5M), and Canada ($9.75M).

In 2022, South Korea imported $1.71B in Knit Sweaters, mainly from China ($845M), Vietnam ($218M), Italy ($181M), Bangladesh ($117M), and United Kingdom ($58.1M).

Explore Visualizations