Meat & edible offal in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $85.4M in Meat & edible offal, making it the 61st largest exporter of Meat & edible offal in the world. At the same year, Meat & edible offal was the 75th most exported product in South Korea. The main destination of Meat & edible offal exports from South Korea are: Vietnam ($78.5M), Hong Kong ($5.72M), Singapore ($221k), Macau ($211k), and Mongolia ($203k).

The fastest growing export markets for Meat & edible offal of South Korea between 2021 and 2022 were Vietnam ($33.8M), Mongolia ($202k), and Singapore ($201k).

Imports In 2022, South Korea imported $7.26B in Meat & edible offal, becoming the 5th largest importer of Meat & edible offal in the world. At the same year, Meat & edible offal was the 16th most imported product in South Korea. South Korea imports Meat & edible offal primarily from: United States ($3.25B), Australia ($1.69B), Spain ($473M), Brazil ($439M), and Canada ($315M).

The fastest growing import markets in Meat & edible offal for South Korea between 2021 and 2022 were United States ($423M), Brazil ($218M), and Australia ($131M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (712), JBS USA FOOD COMPANY (36), and CJ FOODS USA INC. (16) were at the forefront of shipping Meat & edible offal from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Meat & edible offal exports accounted up to $7.71M and imports accounted up to $466M, resulting in a negative trade balance of $459M. Between February 2023 and February 2024 the exports of South Korea's Meat & edible offal have decreased by $-1.17M (-13.1%) from $8.88M to $7.71M, while imports decreased by $-144M (-23.6%) from $610M to $466M.

Destinations In February 2024, Meat & edible offal were exported mostly to Vietnam ($7.37M), Hong Kong ($335k), United Arab Emirates ($3k), Singapore ($1k), and Malaysia ($0), and were imported mostly from United States ($224M), Australia ($105M), Canada ($31.2M), Spain ($24.4M), and Brazil ($17.2M).

Growth In February 2024, the decrease in Meat & edible offal's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-25k or -12.9%). In February 2024, the decrease in Meat & edible offal's year-by-year imports was explained primarily by a decrease in imports from Australia ($-36.4M or -16.5%), United States ($-25.4M or -7.74%), and Spain ($-15.7M or -29%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.17M(-13.1%)

IMPORT GROWTH (February 2023 - February 2024)$-144M(-23.6%)

MAIN DESTINATION (February 2024)Vietnam$7.37M

This section shows Meat & edible offal'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 Meat & edible offal over time.

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