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2022
Exports $67.3MWorld Rnk 31 / 195
Flag Rnk 80 / 96
2022
Destination $2.87M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $2.87MChina
2022
PRODUCT COMPLEXITY IN Animal originated products, n.e.s.0.29Rnk 455 / 1025
2022
Imports $288MWorld Rnk 12 / 212
Flag Rnk 78 / 96
2022
Origin $36.1M Russia
2021 - 2022
FASTEST GROWING ORIGIN $36.1MRussia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $67.3M in Animal originated products, n.e.s., making it the 31st largest exporter of Animal originated products, n.e.s. in the world. At the same year, Animal originated products, n.e.s. was the 80th most exported product in South Korea. The main destination of Animal originated products, n.e.s. exports from South Korea are: Chinese Taipei ($28.4M), Japan ($13.9M), Vietnam ($6.93M), China ($5.57M), and Hong Kong ($3.28M).

The fastest growing export markets for Animal originated products, n.e.s. of South Korea between 2021 and 2022 were China ($2.87M), Indonesia ($1.02M), and Chinese Taipei ($905k).

Imports In 2022, South Korea imported $288M in Animal originated products, n.e.s., becoming the 12th largest importer of Animal originated products, n.e.s. in the world. At the same year, Animal originated products, n.e.s. was the 78th most imported product in South Korea. South Korea imports Animal originated products, n.e.s. primarily from: Russia ($46.8M), China ($43.6M), United States ($35.9M), New Zealand ($31.9M), and Hong Kong ($31.4M).

The fastest growing import markets in Animal originated products, n.e.s. for South Korea between 2021 and 2022 were Russia ($36.1M), China ($15M), and United States ($8.27M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Animal originated products, n.e.s. exports accounted up to $5.27M and imports accounted up to $26.5M, resulting in a negative trade balance of $21.2M. Between October 2023 and October 2024 the exports of South Korea's   Animal originated products, n.e.s. have decreased by $-154k (-2.84%) from $5.42M to $5.27M, while imports decreased by $-437k (-1.62%) from $26.9M to $26.5M.

Destinations In October 2024, Animal originated products, n.e.s. were exported mostly to China ($2.72M), Chinese Taipei ($1.41M), Japan ($429k), Vietnam ($330k), and Hong Kong ($154k), and were imported mostly from United States ($6.7M), Russia ($4.16M), Australia ($3.63M), Kazakhstan ($3.51M), and Spain ($1.94M).

Growth In October 2024, the decrease in Animal originated products, n.e.s.'s year-by-year exports was explained primarily by a decrease in exports to Chinese Taipei ($-1.64M or -62.5%), Japan ($-435k or -58.9%), and Vietnam ($-116k or -87.9%). In October 2024, the decrease in Animal originated products, n.e.s.'s year-by-year imports was explained primarily by a decrease in imports from Russia ($-4.05M or -66.4%), Kazakhstan ($-3.25M or -96.2%), and New Zealand ($-2.28M or -43.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-154k(-2.84%)
IMPORT GROWTH (October 2023 - October 2024)$-437k(-1.62%)
MAIN DESTINATION (October 2024)China$2.72M

This section shows Animal originated products, n.e.s.'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 originated products, n.e.s. over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$67.3M
IMPORTS (2022)$288M
NET TRADE (2022)-$221M

In 2022, South Korea exported $67.3M in Animal originated products, n.e.s.. The main destinations of South Korea exports on Animal originated products, n.e.s. were Chinese Taipei ($28.4M), Japan ($13.9M), Vietnam ($6.93M), China ($5.57M), and Hong Kong ($3.28M).

In 2022, South Korea imported $288M in Animal originated products, n.e.s., mainly from Russia ($46.8M), China ($43.6M), United States ($35.9M), New Zealand ($31.9M), and Hong Kong ($31.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal originated products, n.e.s. EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$2.87M (106%)
Indonesia$1.02M (175%)
Chinese Taipei$905k (3.29%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal originated products, n.e.s. BY South Korea WERE (2021 - 2022):
Hong Kong-$5.82M (-63.9%)
Vietnam-$1.43M (-17.1%)
Japan-$1.02M (-6.79%)
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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 originated products, n.e.s. were:
China $2.09B
United States $1.42B
Germany $1.02B
In 2022, South Korea's main importing competitors in Animal originated products, n.e.s. were:
China $1.3B
Germany $1.22B
United States $1.16B

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Trade Value of Animal originated products, n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.36M
TOP IMPORT POTENTIALChina+ $4.99M

Animal originated products, n.e.s.’s highest export potential is China. With an export gap of $2.36M.   Animal originated products, n.e.s.’s highest import potential is China with an import gap of $4.99M.

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