2022
Exports
$25.3MWorld Rnk 20 / 93
Flag Rnk 604 / 1204
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat
-0.5Rnk 698 / 1025
2022
Imports
$13.7MWorld Rnk 20 / 156
Flag Rnk 888 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $25.3M in Bovine, Sheep, and Goat Fat, making it the 20th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 604th most exported product in South Korea. The main destination of Bovine, Sheep, and Goat Fat exports from South Korea are: Japan ($18.5M), Malaysia ($6.73M), China ($15.8k), and Thailand ($619).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of South Korea between 2021 and 2022 were Japan ($10.9M), Malaysia ($1.35M), and China ($6.23k).

Imports In 2022, South Korea imported $13.7M in Bovine, Sheep, and Goat Fat, becoming the 20th largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 888th most imported product in South Korea. South Korea imports Bovine, Sheep, and Goat Fat primarily from: Australia ($13.7M), Italy ($1.19k), United States ($342), Sweden ($34), and Indonesia ($12).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for South Korea between 2021 and 2022 were Australia ($1.9M), Italy ($1.19k), and United States ($342).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-8.1M(-100%)
IMPORT GROWTH (November 2023 - November 2024)$508k(259%)
MAIN DESTINATION (November 2024)Hong Kong$1k

This section shows Bovine, Sheep, and Goat Fat'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 Bovine, Sheep, and Goat Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.3M
IMPORTS (2022)$13.7M
NET TRADE (2022)$11.6M

In 2022, South Korea exported $25.3M in Bovine, Sheep, and Goat Fat. The main destinations of South Korea exports on Bovine, Sheep, and Goat Fat were Japan ($18.5M), Malaysia ($6.73M), China ($15.8k), and Thailand ($619).

In 2022, South Korea imported $13.7M in Bovine, Sheep, and Goat Fat, mainly from Australia ($13.7M), Italy ($1.19k), United States ($342), Sweden ($34), and Indonesia ($12).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$10.9M (144%)
Malaysia$1.35M (25.1%)
China$6.23k (65.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY South Korea WERE (2021 - 2022):Sweden-$4.9k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Bovine, Sheep, and Goat Fat were:
In 2022, South Korea's main importing competitors in Bovine, Sheep, and Goat Fat were:

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $94k
TOP IMPORT POTENTIALItaly+ $8.78k

Bovine, Sheep, and Goat Fat’s highest export potential is China. With an export gap of $94k.   Bovine, Sheep, and Goat Fat’s highest import potential is Italy with an import gap of $8.78k.

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