Edible products of animal origin, n.e.s. in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $69.7M in Edible products of animal origin, n.e.s., making it the 68th largest exporter of Edible products of animal origin, n.e.s. in the world. At the same year, Edible products of animal origin, n.e.s. was the 79th most exported product in South Korea. The main destination of Edible products of animal origin, n.e.s. exports from South Korea are: Japan ($22.1M), China ($11.7M), United States ($9.56M), Chinese Taipei ($7.3M), and Philippines ($4.58M).

The fastest growing export markets for Edible products of animal origin, n.e.s. of South Korea between 2021 and 2022 were Japan ($5.09M), Chinese Taipei ($2.76M), and Vietnam ($1.62M).

Imports In 2022, South Korea imported $1.6B in Edible products of animal origin, n.e.s., becoming the 18th largest importer of Edible products of animal origin, n.e.s. in the world. At the same year, Edible products of animal origin, n.e.s. was the 43rd most imported product in South Korea. South Korea imports Edible products of animal origin, n.e.s. primarily from: United States ($455M), Netherlands ($275M), New Zealand ($218M), France ($134M), and Germany ($128M).

The fastest growing import markets in Edible products of animal origin, n.e.s. for South Korea between 2021 and 2022 were Netherlands ($75.1M), New Zealand ($55.8M), and Italy ($38.3M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (3.2k), SAMSUNG ELECTRONICS AMERICA (1.67k), and WALONG MARKETING INC. (231) were at the forefront of shipping Edible products of animal origin, n.e.s. from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Edible products of animal origin, n.e.s. exports accounted up to $6.53M and imports accounted up to $81.4M, resulting in a negative trade balance of $74.9M. Between February 2023 and February 2024 the exports of South Korea's Edible products of animal origin, n.e.s. have decreased by $-339k (-4.94%) from $6.87M to $6.53M, while imports decreased by $-52.8M (-39.3%) from $134M to $81.4M.

Destinations In February 2024, Edible products of animal origin, n.e.s. were exported mostly to United States ($1.73M), Japan ($1.43M), China ($742k), Hong Kong ($679k), and Canada ($416k), and were imported mostly from United States ($20.2M), New Zealand ($13.3M), Netherlands ($12.6M), France ($10.3M), and Italy ($5.75M).

Growth In February 2024, the decrease in Edible products of animal origin, n.e.s.'s year-by-year exports was explained primarily by a decrease in exports to China ($-509k or -44.4%), United States ($-273k or -25.6%), and Vietnam ($-98k or -70%). In February 2024, the decrease in Edible products of animal origin, n.e.s.'s year-by-year imports was explained primarily by a decrease in imports from United States ($-1.83M or -5.6%), Greece ($-420k or -61.3%), and Poland ($-295k or -14.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-339k(-4.94%)

IMPORT GROWTH (February 2023 - February 2024)$-52.8M(-39.3%)

MAIN DESTINATION (February 2024)United States$1.73M

This section shows Edible products of animal origin, 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 Edible products of animal origin, n.e.s. over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download