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2022
Exports $66.1kWorld Rnk 83 / 125
Flag Rnk 1135 / 1204
2022
Destination $64.2k Malaysia
2021 - 2022
FASTEST GROWING MARKET $64.2kMalaysia
2022
PRODUCT COMPLEXITY IN Cocoa Beans-2.82Rnk 1025 / 1025
2022
Imports $17.5MWorld Rnk 27 / 159
Flag Rnk 850 / 1213
2022
Origin $5.29M Ghana
2021 - 2022
FASTEST GROWING ORIGIN $5.29MMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $66.1k in Cocoa Beans, making it the 83rd largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 1135th most exported product in South Korea. The main destination of Cocoa Beans exports from South Korea are: Malaysia ($64.2k), United States ($1.07k), Singapore ($878), and Canada ($10).

The fastest growing export markets for Cocoa Beans of South Korea between 2021 and 2022 were Malaysia ($64.2k), United States ($980), and Singapore ($878).

Imports In 2022, South Korea imported $17.5M in Cocoa Beans, becoming the 27th largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 850th most imported product in South Korea. South Korea imports Cocoa Beans primarily from: Ghana ($9.91M), Malaysia ($6.09M), Peru ($628k), Ecuador ($446k), and Philippines ($216k).

The fastest growing import markets in Cocoa Beans for South Korea between 2021 and 2022 were Malaysia ($5.29M), Philippines ($60.6k), and Venezuela ($40.1k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Cocoa Beans exports accounted up to $0 and imports accounted up to $8.07M, resulting in a negative trade balance of $8.07M. Between July 2023 and July 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 $7.32M (970%) from $754k to $8.07M.

Destinations In July 2024, Cocoa Beans were exported mostly to Cote d'Ivoire ($0), Ghana ($0), Canada ($0), Guatemala ($0), and United States ($0), and were imported mostly from Ecuador ($3.61M), Ghana ($2.65M), Cote d'Ivoire ($1.65M), Peru ($143k), and United States ($8k).

Growth In July 2024, the change in Cocoa Beans's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Cocoa Beans's year-by-year imports was explained primarily by an increase in imports from France ($4k or 80%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$7.32M(970%)
MAIN DESTINATION (July 2024)Cote d'Ivoire$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 (2022)$66.1k
IMPORTS (2022)$17.5M
NET TRADE (2022)-$17.5M

In 2022, South Korea exported $66.1k in Cocoa Beans. The main destinations of South Korea exports on Cocoa Beans were Malaysia ($64.2k), United States ($1.07k), Singapore ($878), and Canada ($10).

In 2022, South Korea imported $17.5M in Cocoa Beans, mainly from Ghana ($9.91M), Malaysia ($6.09M), Peru ($628k), Ecuador ($446k), and Philippines ($216k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Malaysia$64.2k (1%)
United States$980 (1.08k%)
Singapore$878 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY South Korea WERE (2021 - 2022):
France-$276 (-100%)
Austria-$21 (-100%)
China-$8 (-100%)
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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 Cocoa Beans were:
Cote d'Ivoire $3.33B
Ghana $1.08B
Ecuador $937M
In 2022, South Korea's main importing competitors in Cocoa Beans were:
Netherlands $1.68B
Malaysia $1.02B
United States $874M

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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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