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2023
Exports $6World Rnk 133 / 134
Flag Rnk 1188 / 1188
2023
Destination $5 France
2022 - 2023
FASTEST GROWING MARKET $5France
2023
PRODUCT COMPLEXITY IN Cocoa Beans-2.94Rnk 1025 / 1025
2023
Imports $11.5MWorld Rnk 35 / 159
Flag Rnk 880 / 1208
2023
Origin $49.7k Ghana
2022 - 2023
FASTEST GROWING ORIGIN $49.7kBelgium
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $6 in Cocoa Beans, making it the 133rd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1188th most exported product in South Korea. The main destination of Cocoa Beans exports from South Korea are: France ($5) and Singapore ($1).

The fastest growing export markets for Cocoa Beans of South Korea between 2022 and 2023 were France ($5).

Imports In 2023, South Korea imported $11.5M in Cocoa Beans, becoming the 35th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 880th most imported product in South Korea. South Korea imports Cocoa Beans primarily from: Ghana ($6.79M), Malaysia ($3.88M), Peru ($475k), Philippines ($206k), and Ecuador ($68.9k).

The fastest growing import markets in Cocoa Beans for South Korea between 2022 and 2023 were Belgium ($49.7k), Samoa ($28k), and Honduras ($2.45k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Cocoa Beans exports accounted up to $0 and imports accounted up to $3.8M, resulting in a negative trade balance of $3.8M. Between December 2023 and December 2024 the exports of South Korea's   Cocoa Beans have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $259k (7.32%) from $3.54M to $3.8M.

Destinations In December 2024, Cocoa Beans were exported mostly to Ghana ($0), China ($0), Hong Kong ($0), Canada ($0), and United States ($0), and were imported mostly from Ghana ($3.79M), United States ($6k), Hong Kong ($1k), China ($0), and Canada ($0).

Growth In December 2024, the change in Cocoa Beans's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from United States ($1k or 20%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$259k(7.32%)
MAIN DESTINATION (December 2024)Ghana$0

This section shows Cocoa Beans'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 Cocoa Beans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6
IMPORTS (2023)$11.5M
NET TRADE (2023)-$11.5M

In 2023, South Korea exported $6 in Cocoa Beans. The main destinations of South Korea exports on Cocoa Beans were France ($5) and Singapore ($1).

In 2023, South Korea imported $11.5M in Cocoa Beans, mainly from Ghana ($6.79M), Malaysia ($3.88M), Peru ($475k), Philippines ($206k), and Ecuador ($68.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR South Korea WERE (2022 - 2023):France$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY South Korea WERE (2022 - 2023):
Malaysia-$68.5k (-100%)
Singapore-$1.26k (-99.9%)
United States-$1.07k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Cocoa Beans were:
Cote d'Ivoire $3.68B
Ecuador $1.14B
Ghana $1.09B
In 2023, South Korea's main importing competitors in Cocoa Beans were:
Netherlands $2.21B
Malaysia $1.42B
Germany $867M

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $34.2k
TOP IMPORT POTENTIALEcuador+ $836k

Cocoa Beans’s highest export potential is Malaysia. With an export gap of $34.2k.   Cocoa Beans’s highest import potential is Ecuador with an import gap of $836k.

See methodology.

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