2022
Exports
$788kWorld Rnk 57 / 145
Flag Rnk 1003 / 1204
2022
PRODUCT COMPLEXITY IN Buckwheat
-1.6Rnk 959 / 1025
2022
Imports
$12.3MWorld Rnk 20 / 210
Flag Rnk 909 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $788k in Buckwheat, making it the 57th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 1003rd most exported product in South Korea. The main destination of Buckwheat exports from South Korea are: Russia ($335k), United States ($133k), Vietnam ($61.4k), Qatar ($57.3k), and Australia ($52.6k).

The fastest growing export markets for Buckwheat of South Korea between 2021 and 2022 were Russia ($335k), Qatar ($57.3k), and Mongolia ($16.5k).

Imports In 2022, South Korea imported $12.3M in Buckwheat, becoming the 20th largest importer of Buckwheat in the world. At the same year, Buckwheat was the 909th most imported product in South Korea. South Korea imports Buckwheat primarily from: China ($6.85M), United States ($2.3M), Poland ($804k), Peru ($699k), and Ukraine ($521k).

The fastest growing import markets in Buckwheat for South Korea between 2021 and 2022 were Peru ($486k), Poland ($462k), and Latvia ($164k).

COMPANIES In 2023, leading companies such as Costco Wholesale (5) and Wismettac Asian Foods (3) were at the forefront of shipping Buckwheat from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-122k(-68.5%)
IMPORT GROWTH (October 2023 - October 2024)$132k(27%)
MAIN DESTINATION (October 2024)United States$29k

This section shows Buckwheat'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 Buckwheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$788k
IMPORTS (2022)$12.3M
NET TRADE (2022)-$11.5M

In 2022, South Korea exported $788k in Buckwheat. The main destinations of South Korea exports on Buckwheat were Russia ($335k), United States ($133k), Vietnam ($61.4k), Qatar ($57.3k), and Australia ($52.6k).

In 2022, South Korea imported $12.3M in Buckwheat, mainly from China ($6.85M), United States ($2.3M), Poland ($804k), Peru ($699k), and Ukraine ($521k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$335k (1%)
Qatar$57.3k (1%)
Mongolia$16.5k (329%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY South Korea WERE (2021 - 2022):
United States-$29.9k (-18.4%)
Netherlands-$25.2k (-71.6%)
Vietnam-$15.3k (-20%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Buckwheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $93.7k
TOP IMPORT POTENTIALPoland+ $400k

Buckwheat’s highest export potential is United States. With an export gap of $93.7k.   Buckwheat’s highest import potential is Poland with an import gap of $400k.

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