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Exports In 2018, South Korea exported $6.37M in Animal Extracts, making it the 13th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 793rd most exported product in South Korea. The main destination of Animal Extracts exports from South Korea are: Japan ($3.61M), United States ($1.02M), Hong Kong ($413k), China ($341k), and India ($201k).

The fastest growing export markets for Animal Extracts of South Korea between 2021 and 2022 were Hong Kong ($175k), United Kingdom ($19.5k), and Vietnam ($4.49k).

Imports In 2022, South Korea imported $18.2M in Animal Extracts, becoming the 5th largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 841st most imported product in South Korea. South Korea imports Animal Extracts primarily from: New Zealand ($6.43M), Australia ($3.17M), United States ($2.19M), Vietnam ($2.16M), and China ($1.65M).

The fastest growing import markets in Animal Extracts for South Korea between 2021 and 2022 were China ($128k), Mongolia ($124k), and Sweden ($94.4k).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$19k(4.88%)
IMPORT GROWTH (September 2023 - September 2024)$61k(3.69%)
MAIN DESTINATION (September 2024)Japan$256k

This section shows Animal Extracts'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 Animal Extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.37M
IMPORTS (2022)$18.2M
NET TRADE (2022)-$11.8M

In 2022, South Korea exported $6.37M in Animal Extracts. The main destinations of South Korea exports on Animal Extracts were Japan ($3.61M), United States ($1.02M), Hong Kong ($413k), China ($341k), and India ($201k).

In 2022, South Korea imported $18.2M in Animal Extracts, mainly from New Zealand ($6.43M), Australia ($3.17M), United States ($2.19M), Vietnam ($2.16M), and China ($1.65M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$175k (73.3%)
United Kingdom$19.5k (59.2k%)
Vietnam$4.49k (5.08%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY South Korea WERE (2021 - 2022):
United States-$1.41M (-58%)
China-$289k (-45.9%)
Japan-$190k (-5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Animal Extracts were:
In 2022, South Korea's main importing competitors in Animal Extracts were:

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $148k
TOP IMPORT POTENTIALChina+ $558k

Animal Extracts’s highest export potential is United States. With an export gap of $148k.   Animal Extracts’s highest import potential is China with an import gap of $558k.

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