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2022
Exports $1.51MWorld Rnk 60 / 149
Flag Rnk 949 / 1204
2022
Destination $210k Malaysia
2021 - 2022
FASTEST GROWING MARKET $210kUnited States
2022
PRODUCT COMPLEXITY IN Cereal Meal and Pellets-1.07Rnk 850 / 1025
2022
Imports $4.29MWorld Rnk 60 / 211
Flag Rnk 1036 / 1213
2022
Origin $1.19M India
2021 - 2022
FASTEST GROWING ORIGIN $1.19MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.51M in Cereal Meal and Pellets, making it the 60th largest exporter of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 949th most exported product in South Korea. The main destination of Cereal Meal and Pellets exports from South Korea are: Malaysia ($715k), United States ($512k), Japan ($104k), United Kingdom ($64.1k), and Singapore ($37.1k).

The fastest growing export markets for Cereal Meal and Pellets of South Korea between 2021 and 2022 were United States ($210k), United Kingdom ($34k), and Singapore ($25.2k).

Imports In 2022, South Korea imported $4.29M in Cereal Meal and Pellets, becoming the 60th largest importer of Cereal Meal and Pellets in the world. At the same year, Cereal Meal and Pellets was the 1036th most imported product in South Korea. South Korea imports Cereal Meal and Pellets primarily from: India ($1.93M), Italy ($536k), United States ($465k), France ($452k), and Malaysia ($376k).

The fastest growing import markets in Cereal Meal and Pellets for South Korea between 2021 and 2022 were India ($1.19M), Malaysia ($376k), and France ($191k).

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

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Cereal Meal and Pellets exports accounted up to $19k and imports accounted up to $125k, resulting in a negative trade balance of $106k. Between September 2023 and September 2024 the exports of South Korea's   Cereal Meal and Pellets have decreased by $-3k (-13.6%) from $22k to $19k, while imports decreased by $-80k (-39%) from $205k to $125k.

Destinations In September 2024, Cereal Meal and Pellets were exported mostly to Vietnam ($15k), United States ($4k), Morocco ($0), China ($0), and India ($0), and were imported mostly from India ($95k), Italy ($30k), Morocco ($0), China ($0), and Philippines ($0).

Growth In September 2024, the decrease in Cereal Meal and Pellets's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-3k or -37.5%) and United States ($-3k or -75%). In September 2024, the decrease in Cereal Meal and Pellets's year-by-year imports was explained primarily by a decrease in imports from United States ($-40k or -46%), China ($-26k or -100%), and France ($-24k or -33.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-3k(-13.6%)
IMPORT GROWTH (September 2023 - September 2024)$-80k(-39%)
MAIN DESTINATION (September 2024)Vietnam$15k

This section shows Cereal Meal and Pellets'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 Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.51M
IMPORTS (2022)$4.29M
NET TRADE (2022)-$2.77M

In 2022, South Korea exported $1.51M in Cereal Meal and Pellets. The main destinations of South Korea exports on Cereal Meal and Pellets were Malaysia ($715k), United States ($512k), Japan ($104k), United Kingdom ($64.1k), and Singapore ($37.1k).

In 2022, South Korea imported $4.29M in Cereal Meal and Pellets, mainly from India ($1.93M), Italy ($536k), United States ($465k), France ($452k), and Malaysia ($376k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereal Meal and Pellets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$210k (69.3%)
United Kingdom$34k (113%)
Singapore$25.2k (211%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Meal and Pellets BY South Korea WERE (2021 - 2022):
Malaysia-$1.06M (-59.8%)
Japan-$37.9k (-26.7%)
United Arab Emirates-$13.3k (-63.9%)
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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 Meal and Pellets were:
Canada $220M
Italy $141M
Turkey $124M
In 2022, South Korea's main importing competitors in Cereal Meal and Pellets were:
United States $256M
Malaysia $137M
Germany $86.1M

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Trade Value of Cereal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $234k
TOP IMPORT POTENTIALIndia+ $248k

Cereal Meal and Pellets’s highest export potential is United States. With an export gap of $234k.   Cereal Meal and Pellets’s highest import potential is India with an import gap of $248k.

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