Animal originated products, n.e.s. in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $67.3M in Animal originated products, n.e.s., making it the 31st largest exporter of Animal originated products, n.e.s. in the world. At the same year, Animal originated products, n.e.s. was the 80th most exported product in South Korea. The main destination of Animal originated products, n.e.s. exports from South Korea are: Chinese Taipei ($28.4M), Japan ($13.9M), Vietnam ($6.93M), China ($5.57M), and Hong Kong ($3.28M).

The fastest growing export markets for Animal originated products, n.e.s. of South Korea between 2021 and 2022 were China ($2.87M), Indonesia ($1.02M), and Chinese Taipei ($905k).

Imports In 2022, South Korea imported $288M in Animal originated products, n.e.s., becoming the 12th largest importer of Animal originated products, n.e.s. in the world. At the same year, Animal originated products, n.e.s. was the 78th most imported product in South Korea. South Korea imports Animal originated products, n.e.s. primarily from: Russia ($46.8M), China ($43.6M), United States ($35.9M), New Zealand ($31.9M), and Hong Kong ($31.4M).

The fastest growing import markets in Animal originated products, n.e.s. for South Korea between 2021 and 2022 were Russia ($36.1M), China ($15M), and United States ($8.27M).

Latest Trends

March 2024

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Overview In March 2024 South Korea's Animal originated products, n.e.s. exports accounted up to $7.96M and imports accounted up to $22.9M, resulting in a negative trade balance of $15M. Between March 2023 and March 2024 the exports of South Korea's Animal originated products, n.e.s. have increased by $2.73M (52.2%) from $5.23M to $7.96M, while imports decreased by $-2.31M (-9.15%) from $25.2M to $22.9M.

Destinations In March 2024, Animal originated products, n.e.s. were exported mostly to Hong Kong ($3.22M), Vietnam ($1.57M), Chinese Taipei ($1.2M), China ($616k), and Japan ($432k), and were imported mostly from United States ($5.78M), Australia ($3.99M), Kazakhstan ($3.5M), New Zealand ($3.05M), and China ($1.24M).

Growth In March 2024, the increase in Animal originated products, n.e.s.'s year-by-year exports was explained primarily by an increase in exports to Hong Kong ($103k or 93.6%), China ($22k or 16.3%), and Thailand ($3k or 6.67%). In March 2024, the decrease in Animal originated products, n.e.s.'s year-by-year imports was explained primarily by a decrease in imports from Russia ($-4.05M or -66.4%), Kazakhstan ($-3.25M or -96.2%), and New Zealand ($-2.28M or -43.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$2.73M(52.2%)

IMPORT GROWTH (March 2023 - March 2024)$-2.31M(-9.15%)

MAIN DESTINATION (March 2024)Hong Kong$3.22M

This section shows Animal originated products, n.e.s.'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 Animal originated products, n.e.s. over time.

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