Miscellaneous edible preparations in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.52B in Miscellaneous edible preparations, making it the 17th largest exporter of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 33rd most exported product in South Korea. The main destination of Miscellaneous edible preparations exports from South Korea are: China ($245M), United States ($217M), Japan ($179M), Vietnam ($119M), and Russia ($94.8M).

The fastest growing export markets for Miscellaneous edible preparations of South Korea between 2021 and 2022 were Vietnam ($24M), United States ($19.3M), and Israel ($9.34M).

Imports In 2022, South Korea imported $2.29B in Miscellaneous edible preparations, becoming the 9th largest importer of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 36th most imported product in South Korea. South Korea imports Miscellaneous edible preparations primarily from: United States ($871M), China ($262M), Germany ($189M), New Zealand ($137M), and Japan ($104M).

The fastest growing import markets in Miscellaneous edible preparations for South Korea between 2021 and 2022 were Germany ($54.8M), New Zealand ($30.2M), and China ($26.1M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (32.6k), CJ FOODS USA INC. (3.95k), and NEXEN TIRE AMERICA INC. (994) were at the forefront of shipping Miscellaneous edible preparations from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Miscellaneous edible preparations exports accounted up to $131M and imports accounted up to $222M, resulting in a negative trade balance of $90.3M. Between February 2023 and February 2024 the exports of South Korea's Miscellaneous edible preparations have increased by $172k (0.13%) from $131M to $131M, while imports increased by $2.36M (1.08%) from $219M to $222M.

Destinations In February 2024, Miscellaneous edible preparations were exported mostly to China ($21.6M), United States ($20.7M), Japan ($14.1M), Russia ($10.3M), and Vietnam ($9.58M), and were imported mostly from United States ($97.5M), Germany ($21.2M), China ($20.3M), Japan ($8.8M), and New Zealand ($7.75M).

Growth In February 2024, the increase in Miscellaneous edible preparations's year-by-year exports was explained primarily by an increase in exports to China ($4.46M or 28.7%), Russia ($2.9M or 43%), and Lebanon ($1.3M or 32.4k%). In February 2024, the increase in Miscellaneous edible preparations's year-by-year imports was explained primarily by an increase in imports from United States ($12.2M or 11.4%), New Zealand ($4.3M or 52%), and Denmark ($3.26M or 221%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$172k(0.13%)

IMPORT GROWTH (February 2023 - February 2024)$2.36M(1.08%)

MAIN DESTINATION (February 2024)China$21.6M

This section shows Miscellaneous edible preparations'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 Miscellaneous edible preparations over time.

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