2021
Exports | Imports
$24.1M | $4.55BWorld Rnk 71 / 190
Flag Rnk 87 / 96 | World Rnk 6 / 222
Flag Rnk 22 / 96
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Cereals
-0.27Rnk 645 / 1024

About

Exports In 2021, South Korea exported $24.1M in Cereals, making it the 71st largest exporter of Cereals in the world. At the same year, Cereals was the 87th most exported product in South Korea. The main destination of Cereals exports from South Korea are: Yemen ($5.8M), Ethiopia ($4.67M), Kenya ($2.32M), Laos ($2.05M), and United States ($1.99M).

The fastest growing export markets for Cereals of South Korea between 2020 and 2021 were Ethiopia ($3.89M), Laos ($2.05M), and Turkey ($700k).

Imports In 2021, South Korea imported $4.55B in Cereals, becoming the 6th largest importer of Cereals in the world. At the same year, Cereals was the 22nd most imported product in South Korea. South Korea imports Cereals primarily from: United States ($1.47B), Argentina ($1.14B), Australia ($374M), Brazil ($249M), and China ($188M).

The fastest growing import markets in Cereals for South Korea between 2020 and 2021 were Argentina ($706M), United States ($374M), and Bulgaria ($143M).

Latest Trends

October 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2022 - October 2023)$557k(23.3%)
IMPORT GROWTH (October 2022 - October 2023)$-72M(-13.1%)
MAIN DESTINATION (October 2023)Burma$2.14M

This section shows Cereals'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 Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$24.1M
IMPORTS (2021)$4.55B
NET TRADE (2021)-$4.53B

In 2021, South Korea exported $24.1M in Cereals. The main destinations of South Korea exports on Cereals were Yemen ($5.8M), Ethiopia ($4.67M), Kenya ($2.32M), Laos ($2.05M), and United States ($1.99M).

In 2021, South Korea imported $4.55B in Cereals, mainly from United States ($1.47B), Argentina ($1.14B), Australia ($374M), Brazil ($249M), and China ($188M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Cereals EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
Ethiopia$3.89M (503%)
Laos$2.05M (218k%)
Turkey$700k (17.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereals BY South Korea WERE (2020 - 2021):
Somalia-$5.17M (-100%)
Philippines-$4.32M (-98.2%)
Burma-$1.11M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Cereals were:
In 2021, South Korea's main importing competitors in Cereals were:
Egypt $6.86B
Mexico $6.81B

Explore Visualizations

Trade Value of Cereals by Exporters

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