Bananas in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $198k in Bananas, making it the 95th largest exporter of Bananas in the world. At the same year, Bananas was the 1090th most exported product in South Korea. The main destination of Bananas exports from South Korea are: Philippines ($186k), Hong Kong ($6.62k), Mongolia ($3.85k), Chinese Taipei ($1.01k), and Singapore ($617).

The fastest growing export markets for Bananas of South Korea between 2021 and 2022 were Philippines ($99.9k), Hong Kong ($2.44k), and Mongolia ($1.97k).

Imports In 2022, South Korea imported $247M in Bananas, becoming the 14th largest importer of Bananas in the world. At the same year, Bananas was the 311th most imported product in South Korea. South Korea imports Bananas primarily from: Philippines ($197M), Vietnam ($18.1M), Colombia ($9.37M), Peru ($8.68M), and Ecuador ($7.55M).

The fastest growing import markets in Bananas for South Korea between 2021 and 2022 were Vietnam ($9.76M), Nicaragua ($41.4k), and Japan ($34).

Latest Trends

April 2024

About

Overview In April 2024 South Korea's Bananas exports accounted up to $1k and imports accounted up to $46.3M, resulting in a negative trade balance of $46.3M. Between April 2023 and April 2024 the exports of South Korea's Bananas have increased by $1k (N/A%) from $0 to $1k, while imports increased by $17.1M (58.5%) from $29.2M to $46.3M.

Destinations In April 2024, Bananas were exported mostly to Dominican Republic ($1k), China ($0), Indonesia ($0), Cambodia ($0), and Mongolia ($0), and were imported mostly from Philippines ($27.3M), Vietnam ($9.64M), Ecuador ($4.17M), Costa Rica ($2.23M), and Guatemala ($1.28M).

Growth In April 2024, the increase in Bananas's year-by-year exports was explained primarily by an increase in exports to . In April 2024, the increase in Bananas's year-by-year imports was explained primarily by an increase in imports from Philippines ($2.69M or 21.4%), Guatemala ($1.2M or 497%), and Vietnam ($591k or 122%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$1k(N/A%)

IMPORT GROWTH (April 2023 - April 2024)$17.1M(58.5%)

MAIN DESTINATION (April 2024)Dominican Republic$1k

This section shows Bananas'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 Bananas over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$198k

IMPORTS (2022)$247M

NET TRADE (2022)-$247M

In 2022, South Korea exported $198k in Bananas. The main destinations of South Korea exports on Bananas were Philippines ($186k), Hong Kong ($6.62k), Mongolia ($3.85k), Chinese Taipei ($1.01k), and Singapore ($617).

In 2022, South Korea imported $247M in Bananas, mainly from Philippines ($197M), Vietnam ($18.1M), Colombia ($9.37M), Peru ($8.68M), and Ecuador ($7.55M).

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