Cassava in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.95M in Cassava, making it the 42nd largest exporter of Cassava in the world. At the same year, Cassava was the 923rd most exported product in South Korea. The main destination of Cassava exports from South Korea are: Hong Kong ($1.27M), Burma ($172k), Singapore ($170k), Thailand ($81.3k), and China ($44.8k).

The fastest growing export markets for Cassava of South Korea between 2021 and 2022 were Hong Kong ($112k), Burma ($107k), and China ($44.8k).

Imports In 2022, South Korea imported $77.6M in Cassava, becoming the 8th largest importer of Cassava in the world. At the same year, Cassava was the 566th most imported product in South Korea. South Korea imports Cassava primarily from: Vietnam ($54.5M), Thailand ($19.7M), China ($3.15M), Indonesia ($242k), and Belgium ($22.7k).

The fastest growing import markets in Cassava for South Korea between 2021 and 2022 were Vietnam ($21.5M), Thailand ($8.13M), and Belgium ($17.5k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Cassava from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Cassava exports accounted up to $88k and imports accounted up to $505k, resulting in a negative trade balance of $417k. Between February 2023 and February 2024 the exports of South Korea's Cassava have increased by $22k (33.3%) from $66k to $88k, while imports decreased by $-4.07M (-89%) from $4.58M to $505k.

Destinations In February 2024, Cassava were exported mostly to Hong Kong ($39k), United States ($21k), United Arab Emirates ($9k), Canada ($8k), and Singapore ($6k), and were imported mostly from China ($323k), Thailand ($163k), Vietnam ($19k), Nigeria ($0), and United Arab Emirates ($0).

Growth In February 2024, the increase in Cassava's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Cassava's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-699k or -27.8%), Vietnam ($-610k or -96.8%), and China ($-65k or -15.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$22k(33.3%)

IMPORT GROWTH (February 2023 - February 2024)$-4.07M(-89%)

MAIN DESTINATION (February 2024)Hong Kong$39k

This section shows Cassava'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 Cassava over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.95M

IMPORTS (2022)$77.6M

NET TRADE (2022)-$75.6M

In 2022, South Korea exported $1.95M in Cassava. The main destinations of South Korea exports on Cassava were Hong Kong ($1.27M), Burma ($172k), Singapore ($170k), Thailand ($81.3k), and China ($44.8k).

In 2022, South Korea imported $77.6M in Cassava, mainly from Vietnam ($54.5M), Thailand ($19.7M), China ($3.15M), Indonesia ($242k), and Belgium ($22.7k).

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