Raw hides & skin (non-fur) in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $411M in Raw hides & skin (non-fur), making it the 13th largest exporter of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 57th most exported product in South Korea. The main destination of Raw hides & skin (non-fur) exports from South Korea are: Vietnam ($128M), Cambodia ($61.5M), Indonesia ($46.4M), China ($46.3M), and Philippines ($31.5M).

The fastest growing export markets for Raw hides & skin (non-fur) of South Korea between 2021 and 2022 were Thailand ($13.4M), Cambodia ($13.3M), and Vietnam ($7.97M).

Imports In 2022, South Korea imported $347M in Raw hides & skin (non-fur), becoming the 15th largest importer of Raw hides & skin (non-fur) in the world. At the same year, Raw hides & skin (non-fur) was the 75th most imported product in South Korea. South Korea imports Raw hides & skin (non-fur) primarily from: United States ($111M), Italy ($65.6M), Brazil ($29.2M), China ($24M), and Indonesia ($22.3M).

The fastest growing import markets in Raw hides & skin (non-fur) for South Korea between 2021 and 2022 were Indonesia ($12.2M), United Kingdom ($3.07M), and Vietnam ($1.28M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTORNICS AMERICA, INC. (349), LG ELECTRONICS USA (8), and VOLVO GROUP NORTH AMERICA LLC (3) were at the forefront of shipping Raw hides & skin (non-fur) from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Raw hides & skin (non-fur) exports accounted up to $24.9M and imports accounted up to $20.1M, resulting in a positive trade balance of $4.83M. Between March 2023 and March 2024 the exports of South Korea's Raw hides & skin (non-fur) have decreased by $-8.49M (-25.4%) from $33.4M to $24.9M, while imports decreased by $-7.75M (-27.9%) from $27.8M to $20.1M.

Destinations In March 2024, Raw hides & skin (non-fur) were exported mostly to Vietnam ($5.46M), Cambodia ($5.1M), China ($2.87M), Philippines ($2.6M), and Indonesia ($2.48M), and were imported mostly from United States ($5.33M), Italy ($4.5M), China ($2.52M), Brazil ($2.22M), and Canada ($1.19M).

Growth In March 2024, the decrease in Raw hides & skin (non-fur)'s year-by-year exports was explained primarily by a decrease in exports to Cambodia ($-2.54M or -42.8%), Vietnam ($-2.5M or -31%), and Indonesia ($-2.5M or -50.9%). In March 2024, the decrease in Raw hides & skin (non-fur)'s year-by-year imports was explained primarily by a decrease in imports from United States ($-3.36M or -36%), Italy ($-2.85M or -40%), and Turkey ($-1.26M or -74.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-8.49M(-25.4%)

IMPORT GROWTH (March 2023 - March 2024)$-7.75M(-27.9%)

MAIN DESTINATION (March 2024)Vietnam$5.46M

This section shows Raw hides & skin (non-fur)'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 Raw hides & skin (non-fur) over time.

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