Live trees, plants, bulbs, cut flowers, & ornamental foliage in South Korea

About

Exports In 2022, South Korea exported $13.8M in Live trees, plants, bulbs, cut flowers, & ornamental foliage, making it the 61st largest exporter of Live trees, plants, bulbs, cut flowers, & ornamental foliage in the world. At the same year, Live trees, plants, bulbs, cut flowers, & ornamental foliage was the 89th most exported product in South Korea. The main destination of Live trees, plants, bulbs, cut flowers, & ornamental foliage exports from South Korea are: Japan ($4.36M), United States ($3.93M), Chinese Taipei ($2.64M), China ($874k), and Netherlands ($666k).

The fastest growing export markets for Live trees, plants, bulbs, cut flowers, & ornamental foliage of South Korea between 2021 and 2022 were Denmark ($59.8k), Netherlands ($46.6k), and Poland ($39.9k).

Imports In 2022, South Korea imported $161M in Live trees, plants, bulbs, cut flowers, & ornamental foliage, becoming the 26th largest importer of Live trees, plants, bulbs, cut flowers, & ornamental foliage in the world. At the same year, Live trees, plants, bulbs, cut flowers, & ornamental foliage was the 86th most imported product in South Korea. South Korea imports Live trees, plants, bulbs, cut flowers, & ornamental foliage primarily from: China ($70M), Netherlands ($28M), Vietnam ($15.9M), Colombia ($13.6M), and Chinese Taipei ($11.3M).

The fastest growing import markets in Live trees, plants, bulbs, cut flowers, & ornamental foliage for South Korea between 2021 and 2022 were Vietnam ($6.58M), Colombia ($4.46M), and Chinese Taipei ($2.18M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (356) and CONTINENTAL MATERIALS INC. (84) were at the forefront of shipping Live trees, plants, bulbs, cut flowers, & ornamental foliage from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Live trees, plants, bulbs, cut flowers, & ornamental foliage exports accounted up to $210k and imports accounted up to $14.2M, resulting in a negative trade balance of $14M. Between February 2023 and February 2024 the exports of South Korea's Live trees, plants, bulbs, cut flowers, & ornamental foliage have decreased by $-714k (-77.3%) from $924k to $210k, while imports decreased by $-3.05M (-17.7%) from $17.2M to $14.2M.

Destinations In February 2024, Live trees, plants, bulbs, cut flowers, & ornamental foliage were exported mostly to Japan ($119k), United States ($35k), India ($20k), Chinese Taipei ($12k), and China ($10k), and were imported mostly from Netherlands ($4.14M), China ($3.88M), Colombia ($2.24M), Vietnam ($1.62M), and Chinese Taipei ($655k).

Growth In February 2024, the decrease in Live trees, plants, bulbs, cut flowers, & ornamental foliage's year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-350k or -64.5%), Germany ($-124k or -99.2%), and Netherlands ($-92k or -100%). In February 2024, the decrease in Live trees, plants, bulbs, cut flowers, & ornamental foliage's year-by-year imports was explained primarily by a decrease in imports from China ($-1.68M or -27.3%), Chinese Taipei ($-465k or -33.1%), and Thailand ($-84k or -34.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-714k(-77.3%)

IMPORT GROWTH (February 2023 - February 2024)$-3.05M(-17.7%)

MAIN DESTINATION (February 2024)Japan$119k

This section shows Live trees, plants, bulbs, cut flowers, & ornamental foliage'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 Live trees, plants, bulbs, cut flowers, & ornamental foliage over time.

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