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2022
Exports $304kWorld Rnk 44 / 105
Flag Rnk 1066 / 1204
2022
Destination $52.9k Vietnam
2021 - 2022
FASTEST GROWING MARKET $52.9kVietnam
2022
PRODUCT COMPLEXITY IN Cocoa Paste-0.8Rnk 779 / 1025
2022
Imports $21.9MWorld Rnk 29 / 169
Flag Rnk 821 / 1213
2022
Origin $1.92M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $1.92MNetherlands
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $304k in Cocoa Paste, making it the 44th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 1066th most exported product in South Korea. The main destination of Cocoa Paste exports from South Korea are: Vietnam ($303k) and France ($53).

The fastest growing export markets for Cocoa Paste of South Korea between 2021 and 2022 were Vietnam ($52.9k).

Imports In 2022, South Korea imported $21.9M in Cocoa Paste, becoming the 29th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 821st most imported product in South Korea. South Korea imports Cocoa Paste primarily from: Malaysia ($8.65M), Netherlands ($6.57M), Spain ($1.84M), Ghana ($1.75M), and Germany ($1.15M).

The fastest growing import markets in Cocoa Paste for South Korea between 2021 and 2022 were Netherlands ($1.92M), Ghana ($539k), and Belgium ($336k).

COMPANIES In 2023, leading companies such as Walong Marketing (1) were at the forefront of shipping Cocoa Paste from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Cocoa Paste exports accounted up to $0 and imports accounted up to $4.96M, resulting in a negative trade balance of $4.96M. Between November 2023 and November 2024 the exports of South Korea's   Cocoa Paste have decreased by $-51k (-100%) from $51k to $0, while imports increased by $3M (152%) from $1.97M to $4.96M.

Destinations In November 2024, Cocoa Paste were exported mostly to Ghana ($0), China ($0), Indonesia ($0), Singapore ($0), and Belgium ($0), and were imported mostly from Ghana ($3.75M), Netherlands ($368k), Spain ($346k), Indonesia ($329k), and Singapore ($168k).

Growth In November 2024, the decrease in Cocoa Paste's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the increase in Cocoa Paste's year-by-year imports was explained primarily by an increase in imports from Netherlands ($590k or 215%), Indonesia ($42k or 59.2%), and Singapore ($5k or 22.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-51k(-100%)
IMPORT GROWTH (November 2023 - November 2024)$3M(152%)
MAIN DESTINATION (November 2024)Ghana$0

This section shows Cocoa Paste'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 Paste over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$304k
IMPORTS (2022)$21.9M
NET TRADE (2022)-$21.6M

In 2022, South Korea exported $304k in Cocoa Paste. The main destinations of South Korea exports on Cocoa Paste were Vietnam ($303k) and France ($53).

In 2022, South Korea imported $21.9M in Cocoa Paste, mainly from Malaysia ($8.65M), Netherlands ($6.57M), Spain ($1.84M), Ghana ($1.75M), and Germany ($1.15M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Vietnam$52.9k (21.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY South Korea WERE (2021 - 2022):
Japan-$85.8k (-100%)
United Arab Emirates-$345 (-100%)
France-$66 (-55.5%)
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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 Paste were:
Cote d'Ivoire $1.08B
Netherlands $685M
Ghana $450M
In 2022, South Korea's main importing competitors in Cocoa Paste were:
United States $489M
Netherlands $443M
Germany $329M

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Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.59k
TOP IMPORT POTENTIALGhana+ $1.08M

Cocoa Paste’s highest export potential is United States. With an export gap of $1.59k.   Cocoa Paste’s highest import potential is Ghana with an import gap of $1.08M.

See methodology.

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