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2022
Exports $9.18MWorld Rnk 25 / 134
Flag Rnk 742 / 1204
2022
Destination $254k Vietnam
2021 - 2022
FASTEST GROWING MARKET $254kJapan
2022
PRODUCT COMPLEXITY IN Animal or Vegetable Fertilizers-0.92Rnk 815 / 1025
2022
Imports $10.8MWorld Rnk 30 / 212
Flag Rnk 931 / 1213
2022
Origin $400k China
2021 - 2022
FASTEST GROWING ORIGIN $400kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $9.18M in Animal or Vegetable Fertilizers, making it the 25th largest exporter of Animal or Vegetable Fertilizers in the world. At the same year, Animal or Vegetable Fertilizers was the 742nd most exported product in South Korea. The main destination of Animal or Vegetable Fertilizers exports from South Korea are: Vietnam ($4.55M), Japan ($3.83M), China ($497k), Cambodia ($90.2k), and Germany ($58.5k).

The fastest growing export markets for Animal or Vegetable Fertilizers of South Korea between 2021 and 2022 were Japan ($254k), Kazakhstan ($34.8k), and Germany ($33.6k).

Imports In 2022, South Korea imported $10.8M in Animal or Vegetable Fertilizers, becoming the 30th largest importer of Animal or Vegetable Fertilizers in the world. At the same year, Animal or Vegetable Fertilizers was the 931st most imported product in South Korea. South Korea imports Animal or Vegetable Fertilizers primarily from: China ($4.13M), Netherlands ($1.77M), Japan ($1.53M), Italy ($1.32M), and Canada ($749k).

The fastest growing import markets in Animal or Vegetable Fertilizers for South Korea between 2021 and 2022 were China ($400k), Vietnam ($159k), and Canada ($116k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Animal or Vegetable Fertilizers exports accounted up to $2.74M and imports accounted up to $426k, resulting in a positive trade balance of $2.32M. Between October 2023 and October 2024 the exports of South Korea's   Animal or Vegetable Fertilizers have increased by $1.53M (126%) from $1.21M to $2.74M, while imports increased by $34k (8.67%) from $392k to $426k.

Destinations In October 2024, Animal or Vegetable Fertilizers were exported mostly to Vietnam ($2.42M), Japan ($207k), Burma ($50k), Malaysia ($32k), and Philippines ($29k), and were imported mostly from Italy ($170k), Canada ($121k), Japan ($72k), China ($27k), and United States ($19k).

Growth In October 2024, the increase in Animal or Vegetable Fertilizers's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Animal or Vegetable Fertilizers's year-by-year imports was explained primarily by an increase in imports from Netherlands ($16k or 12.9%), United States ($14k or 175%), and China ($8k or 6.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.53M(126%)
IMPORT GROWTH (October 2023 - October 2024)$34k(8.67%)
MAIN DESTINATION (October 2024)Vietnam$2.42M

This section shows Animal or Vegetable Fertilizers'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 or Vegetable Fertilizers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.18M
IMPORTS (2022)$10.8M
NET TRADE (2022)-$1.61M

In 2022, South Korea exported $9.18M in Animal or Vegetable Fertilizers. The main destinations of South Korea exports on Animal or Vegetable Fertilizers were Vietnam ($4.55M), Japan ($3.83M), China ($497k), Cambodia ($90.2k), and Germany ($58.5k).

In 2022, South Korea imported $10.8M in Animal or Vegetable Fertilizers, mainly from China ($4.13M), Netherlands ($1.77M), Japan ($1.53M), Italy ($1.32M), and Canada ($749k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or Vegetable Fertilizers EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$254k (7.1%)
Kazakhstan$34.8k (1%)
Germany$33.6k (135%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or Vegetable Fertilizers BY South Korea WERE (2021 - 2022):
Vietnam-$642k (-12.4%)
Sri Lanka-$136k (-99.9%)
China-$130k (-20.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Animal or Vegetable Fertilizers were:
Netherlands $195M
Italy $160M
Belgium $152M
In 2022, South Korea's main importing competitors in Animal or Vegetable Fertilizers were:
France $136M
Vietnam $82.9M
Netherlands $66.9M

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Trade Value of Animal or Vegetable Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $425k
TOP IMPORT POTENTIALItaly+ $340k

Animal or Vegetable Fertilizers’s highest export potential is China. With an export gap of $425k.   Animal or Vegetable Fertilizers’s highest import potential is Italy with an import gap of $340k.

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