Preparations of vegetables, fruit, nuts or other plant parts in South Korea

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Exports In 2022, South Korea exported $1.1B in Preparations of vegetables, fruit, nuts or other plant parts, making it the 17th largest exporter of Preparations of vegetables, fruit, nuts or other plant parts in the world. At the same year, Preparations of vegetables, fruit, nuts or other plant parts was the 40th most exported product in South Korea. The main destination of Preparations of vegetables, fruit, nuts or other plant parts exports from South Korea are: United States ($247M), Japan ($228M), China ($167M), Chinese Taipei ($57.1M), and Thailand ($48.7M).

The fastest growing export markets for Preparations of vegetables, fruit, nuts or other plant parts of South Korea between 2021 and 2022 were Indonesia ($7.98M), Canada ($7.07M), and Chinese Taipei ($6.01M).

Imports In 2022, South Korea imported $1.52B in Preparations of vegetables, fruit, nuts or other plant parts, becoming the 12th largest importer of Preparations of vegetables, fruit, nuts or other plant parts in the world. At the same year, Preparations of vegetables, fruit, nuts or other plant parts was the 46th most imported product in South Korea. South Korea imports Preparations of vegetables, fruit, nuts or other plant parts primarily from: China ($640M), United States ($282M), Vietnam ($109M), Thailand ($76.9M), and Spain ($52.5M).

The fastest growing import markets in Preparations of vegetables, fruit, nuts or other plant parts for South Korea between 2021 and 2022 were China ($45.1M), United States ($19.1M), and Vietnam ($19.1M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (1.78k), COSTCO WHOLESALE COPRORATION (696), and CJ FOODS USA INC. (464) were at the forefront of shipping Preparations of vegetables, fruit, nuts or other plant parts from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Preparations of vegetables, fruit, nuts or other plant parts exports accounted up to $73.9M and imports accounted up to $109M, resulting in a negative trade balance of $35.4M. Between February 2023 and February 2024 the exports of South Korea's Preparations of vegetables, fruit, nuts or other plant parts have increased by $678k (0.93%) from $73.3M to $73.9M, while imports decreased by $-778k (-0.71%) from $110M to $109M.

Destinations In February 2024, Preparations of vegetables, fruit, nuts or other plant parts were exported mostly to United States ($23.1M), Japan ($14.3M), China ($5.78M), Canada ($4.27M), and Philippines ($2.71M), and were imported mostly from China ($41.9M), United States ($19.4M), Vietnam ($12M), Thailand ($6.71M), and Spain ($4.27M).

Growth In February 2024, the increase in Preparations of vegetables, fruit, nuts or other plant parts's year-by-year exports was explained primarily by an increase in exports to Netherlands ($312k or 29.5%), Israel ($278k or 505%), and Brazil ($274k or 199%). In February 2024, the decrease in Preparations of vegetables, fruit, nuts or other plant parts's year-by-year imports was explained primarily by a decrease in imports from Spain ($-792k or -13%), India ($-394k or -62.7%), and Chinese Taipei ($-322k or -25.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$678k(0.93%)

IMPORT GROWTH (February 2023 - February 2024)$-778k(-0.71%)

MAIN DESTINATION (February 2024)United States$23.1M

This section shows Preparations of vegetables, fruit, nuts or other plant parts'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 Preparations of vegetables, fruit, nuts or other plant parts over time.

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