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2022
Exports $5.26MWorld Rnk 62 / 174
Flag Rnk 825 / 1204
2022
Destination $228k Russia
2021 - 2022
FASTEST GROWING MARKET $228kHong Kong
2022
PRODUCT COMPLEXITY IN Citrus-0.99Rnk 838 / 1025
2022
Imports $218MWorld Rnk 18 / 215
Flag Rnk 335 / 1213
2022
Origin $2.36M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.36MSouth Africa
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $5.26M in Citrus, making it the 62nd largest exporter of Citrus in the world. At the same year, Citrus was the 825th most exported product in South Korea. The main destination of Citrus exports from South Korea are: Russia ($1.57M), Hong Kong ($1.06M), Singapore ($993k), Canada ($556k), and United States ($482k).

The fastest growing export markets for Citrus of South Korea between 2021 and 2022 were Hong Kong ($228k), Singapore ($106k), and Indonesia ($24.5k).

Imports In 2022, South Korea imported $218M in Citrus, becoming the 18th largest importer of Citrus in the world. At the same year, Citrus was the 335th most imported product in South Korea. South Korea imports Citrus primarily from: United States ($186M), Australia ($11.1M), South Africa ($8.2M), Chile ($5.21M), and Israel ($4.16M).

The fastest growing import markets in Citrus for South Korea between 2021 and 2022 were South Africa ($2.36M), Israel ($1.53M), and Spain ($1.28M).

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Citrus exports accounted up to $105k and imports accounted up to $11.9M, resulting in a negative trade balance of $11.8M. Between August 2023 and August 2024 the exports of South Korea's   Citrus have decreased by $-19k (-15.3%) from $124k to $105k, while imports increased by $1.57M (15.2%) from $10.3M to $11.9M.

Destinations In August 2024, Citrus were exported mostly to Singapore ($41k), Uruguay ($36k), Hong Kong ($8k), Chinese Taipei ($8k), and Guam ($7k), and were imported mostly from Australia ($5.95M), Chile ($4.11M), South Africa ($955k), United States ($529k), and Mexico ($315k).

Growth In August 2024, the decrease in Citrus's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-165k or -78.2%), Singapore ($-151k or -47.9%), and Malaysia ($-54k or -90%). In August 2024, the increase in Citrus's year-by-year imports was explained primarily by an increase in imports from Israel ($787k or 146%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-19k(-15.3%)
IMPORT GROWTH (August 2023 - August 2024)$1.57M(15.2%)
MAIN DESTINATION (August 2024)Singapore$41k

This section shows Citrus'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 Citrus over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.26M
IMPORTS (2022)$218M
NET TRADE (2022)-$213M

In 2022, South Korea exported $5.26M in Citrus. The main destinations of South Korea exports on Citrus were Russia ($1.57M), Hong Kong ($1.06M), Singapore ($993k), Canada ($556k), and United States ($482k).

In 2022, South Korea imported $218M in Citrus, mainly from United States ($186M), Australia ($11.1M), South Africa ($8.2M), Chile ($5.21M), and Israel ($4.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Citrus EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$228k (27.5%)
Singapore$106k (12%)
Indonesia$24.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Citrus BY South Korea WERE (2021 - 2022):
Russia-$3.2M (-67.1%)
United States-$212k (-30.5%)
Malaysia-$51.5k (-18.1%)
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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 Citrus were:
Spain $3.65B
South Africa $1.85B
China $1.02B
In 2022, South Korea's main importing competitors in Citrus were:
United States $1.64B
Germany $1.42B
France $1.17B

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Trade Value of Citrus by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $655k
TOP IMPORT POTENTIALSouth Africa+ $6.01M

Citrus’s highest export potential is United States. With an export gap of $655k.   Citrus’s highest import potential is South Africa with an import gap of $6.01M.

See methodology.

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