Straw & esparto manufactures in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $2.1M in Straw & esparto manufactures, making it the 53rd largest exporter of Straw & esparto manufactures in the world. At the same year, Straw & esparto manufactures was the 94th most exported product in South Korea. The main destination of Straw & esparto manufactures exports from South Korea are: United Arab Emirates ($680k), United States ($606k), Vietnam ($228k), Hong Kong ($147k), and Jordan ($146k).

The fastest growing export markets for Straw & esparto manufactures of South Korea between 2021 and 2022 were Hong Kong ($143k), United Arab Emirates ($121k), and Jordan ($93.3k).

Imports In 2022, South Korea imported $49.9M in Straw & esparto manufactures, becoming the 13th largest importer of Straw & esparto manufactures in the world. At the same year, Straw & esparto manufactures was the 94th most imported product in South Korea. South Korea imports Straw & esparto manufactures primarily from: China ($38.3M), Vietnam ($4.11M), Indonesia ($2.82M), Spain ($941k), and France ($855k).

The fastest growing import markets in Straw & esparto manufactures for South Korea between 2021 and 2022 were China ($4.01M), Spain ($688k), and France ($600k).

COMPANIES In 2023, leading companies such as AT HOME PROCUREMENT INC (2) were at the forefront of shipping Straw & esparto manufactures from South Korea to the United States.

Latest Trends

March 2024

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Overview In March 2024 South Korea's Straw & esparto manufactures exports accounted up to $85k and imports accounted up to $2.71M, resulting in a negative trade balance of $2.62M. Between March 2023 and March 2024 the exports of South Korea's Straw & esparto manufactures have decreased by $-25k (-22.7%) from $110k to $85k, while imports decreased by $-773k (-22.2%) from $3.48M to $2.71M.

Destinations In March 2024, Straw & esparto manufactures were exported mostly to United States ($54k), Vietnam ($23k), Japan ($3k), Chinese Taipei ($2k), and United Kingdom ($2k), and were imported mostly from China ($1.19M), Spain ($311k), Vietnam ($304k), Morocco ($252k), and Madagascar ($228k).

Growth In March 2024, the decrease in Straw & esparto manufactures's year-by-year exports was explained primarily by a decrease in exports to United States ($-61k or -77.2%). In March 2024, the decrease in Straw & esparto manufactures's year-by-year imports was explained primarily by a decrease in imports from China ($-708k or -41.6%), Vietnam ($-307k or -52.7%), and Indonesia ($-192k or -63.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-25k(-22.7%)

IMPORT GROWTH (March 2023 - March 2024)$-773k(-22.2%)

MAIN DESTINATION (March 2024)United States$54k

This section shows Straw & esparto manufactures'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 Straw & esparto manufactures over time.

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