Starch Residue in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $18.7M in Starch Residue, making it the 30th largest exporter of Starch Residue in the world. At the same year, Starch Residue was the 657th most exported product in South Korea. The main destination of Starch Residue exports from South Korea are: Japan ($12.8M), Vietnam ($2.19M), Malaysia ($1.87M), Thailand ($761k), and Burma ($531k).

The fastest growing export markets for Starch Residue of South Korea between 2021 and 2022 were Japan ($5.22M), Burma ($459k), and Brunei ($114k).

Imports In 2022, South Korea imported $719M in Starch Residue, becoming the 1st largest importer of Starch Residue in the world. At the same year, Starch Residue was the 150th most imported product in South Korea. South Korea imports Starch Residue primarily from: United States ($392M), China ($247M), Egypt ($47.2M), Thailand ($19.6M), and Australia ($7.31M).

The fastest growing import markets in Starch Residue for South Korea between 2021 and 2022 were United States ($75.7M), China ($52.4M), and Egypt ($12.2M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Starch Residue from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Starch Residue exports accounted up to $931k and imports accounted up to $52.2M, resulting in a negative trade balance of $51.3M. Between February 2023 and February 2024 the exports of South Korea's Starch Residue have decreased by $-1.72M (-64.9%) from $2.65M to $931k, while imports decreased by $-6.84M (-11.6%) from $59.1M to $52.2M.

Destinations In February 2024, Starch Residue were exported mostly to Vietnam ($552k), Japan ($188k), Malaysia ($162k), Thailand ($29k), and Egypt ($0), and were imported mostly from United States ($31M), China ($18.7M), Egypt ($1.62M), Australia ($551k), and Ukraine ($161k).

Growth In February 2024, the decrease in Starch Residue's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-37k or -30.3%). In February 2024, the decrease in Starch Residue's year-by-year imports was explained primarily by a decrease in imports from Egypt ($-2.34M or -58.3%), Australia ($-588k or -57.1%), and China ($-48k or -0.19%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.72M(-64.9%)

IMPORT GROWTH (February 2023 - February 2024)$-6.84M(-11.6%)

MAIN DESTINATION (February 2024)Vietnam$552k

This section shows Starch Residue'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 Starch Residue over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$18.7M

IMPORTS (2022)$719M

NET TRADE (2022)-$701M

In 2022, South Korea exported $18.7M in Starch Residue. The main destinations of South Korea exports on Starch Residue were Japan ($12.8M), Vietnam ($2.19M), Malaysia ($1.87M), Thailand ($761k), and Burma ($531k).

In 2022, South Korea imported $719M in Starch Residue, mainly from United States ($392M), China ($247M), Egypt ($47.2M), Thailand ($19.6M), and Australia ($7.31M).

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