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2022
Exports $1.57MWorld Rnk 64 / 171
Flag Rnk 947 / 1204
2022
Destination $13.8k United States
2021 - 2022
FASTEST GROWING MARKET $13.8kGermany
2022
PRODUCT COMPLEXITY IN Cereal Flours-1.31Rnk 913 / 1025
2022
Imports $11.8MWorld Rnk 32 / 218
Flag Rnk 914 / 1213
2022
Origin $659k India
2021 - 2022
FASTEST GROWING ORIGIN $659kFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.57M in Cereal Flours, making it the 64th largest exporter of Cereal Flours in the world. At the same year, Cereal Flours was the 947th most exported product in South Korea. The main destination of Cereal Flours exports from South Korea are: United States ($658k), Russia ($288k), China ($200k), Vietnam ($92k), and Canada ($57.8k).

The fastest growing export markets for Cereal Flours of South Korea between 2021 and 2022 were Germany ($13.8k), Netherlands ($8.83k), and Vietnam ($8.42k).

Imports In 2022, South Korea imported $11.8M in Cereal Flours, becoming the 32nd largest importer of Cereal Flours in the world. At the same year, Cereal Flours was the 914th most imported product in South Korea. South Korea imports Cereal Flours primarily from: India ($3.78M), France ($2.03M), Netherlands ($1.57M), Spain ($1.05M), and United States ($696k).

The fastest growing import markets in Cereal Flours for South Korea between 2021 and 2022 were France ($659k), India ($647k), and Spain ($634k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Cereal Flours exports accounted up to $152k and imports accounted up to $839k, resulting in a negative trade balance of $687k. Between September 2023 and September 2024 the exports of South Korea's   Cereal Flours have increased by $34k (28.8%) from $118k to $152k, while imports increased by $65k (8.4%) from $774k to $839k.

Destinations In September 2024, Cereal Flours were exported mostly to United States ($54k), Japan ($37k), Qatar ($21k), Russia ($15k), and Philippines ($7k), and were imported mostly from Netherlands ($480k), India ($173k), France ($66k), Turkey ($38k), and Germany ($36k).

Growth In September 2024, the increase in Cereal Flours's year-by-year exports was explained primarily by an increase in exports to Russia ($72k or 514%), United States ($16k or 25.4%), and China ($4k or 66.7%). In September 2024, the increase in Cereal Flours's year-by-year imports was explained primarily by an increase in imports from Italy ($61k or 80.3%), France ($53k or 29.9%), and United States ($31k or 9.23%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$34k(28.8%)
IMPORT GROWTH (September 2023 - September 2024)$65k(8.4%)
MAIN DESTINATION (September 2024)United States$54k

This section shows Cereal Flours'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 Cereal Flours over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.57M
IMPORTS (2022)$11.8M
NET TRADE (2022)-$10.2M

In 2022, South Korea exported $1.57M in Cereal Flours. The main destinations of South Korea exports on Cereal Flours were United States ($658k), Russia ($288k), China ($200k), Vietnam ($92k), and Canada ($57.8k).

In 2022, South Korea imported $11.8M in Cereal Flours, mainly from India ($3.78M), France ($2.03M), Netherlands ($1.57M), Spain ($1.05M), and United States ($696k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereal Flours EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Germany$13.8k (72.3%)
Netherlands$8.83k (674%)
Vietnam$8.42k (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Flours BY South Korea WERE (2021 - 2022):
United States-$152k (-18.8%)
Russia-$57.5k (-16.7%)
Japan-$35.8k (-44%)
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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 Cereal Flours were:
Thailand $161M
Mexico $150M
United States $113M
In 2022, South Korea's main importing competitors in Cereal Flours were:
United States $239M
Democratic Republic of the Congo $86.9M
Canada $57.7M

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Trade Value of Cereal Flours by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $244k
TOP IMPORT POTENTIALUnited States+ $304k

Cereal Flours’s highest export potential is United States. With an export gap of $244k.   Cereal Flours’s highest import potential is United States with an import gap of $304k.

See methodology.

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