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2023
Exports $41.5MWorld Rnk 46 / 196
Flag Rnk 477 / 1188
2023
Destination $1.41M China
2022 - 2023
FASTEST GROWING MARKET $1.41MHong Kong
2023
PRODUCT COMPLEXITY IN Confectionery Sugar-0.6Rnk 734 / 1025
2023
Imports $207MWorld Rnk 18 / 226
Flag Rnk 307 / 1208
2023
Origin $11.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $11.1MGermany
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $41.5M in Confectionery Sugar, making it the 46th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 477th most exported product in South Korea. The main destination of Confectionery Sugar exports from South Korea are: China ($14M), Japan ($8.83M), United States ($5.85M), Australia ($3.57M), and Hong Kong ($2.37M).

The fastest growing export markets for Confectionery Sugar of South Korea between 2022 and 2023 were Hong Kong ($1.41M), United States ($961k), and Macau ($305k).

Imports In 2023, South Korea imported $207M in Confectionery Sugar, becoming the 18th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 307th most imported product in South Korea. South Korea imports Confectionery Sugar primarily from: Germany ($56.3M), China ($44.7M), Turkey ($18.7M), Belgium ($12.3M), and Japan ($11.3M).

The fastest growing import markets in Confectionery Sugar for South Korea between 2022 and 2023 were Germany ($11.1M), Indonesia ($2.12M), and Turkey ($1.59M).

COMPANIES In 2024, leading companies such as LG Electronics (19), BOEING (4), and General Motors (3) were at the forefront of shipping Confectionery Sugar from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Confectionery Sugar exports accounted up to $8.76M and imports accounted up to $36.6M, resulting in a negative trade balance of $27.9M. Between December 2023 and December 2024 the exports of South Korea's   Confectionery Sugar have increased by $1.46M (20.1%) from $7.3M to $8.76M, while imports increased by $13.7M (59.9%) from $22.9M to $36.6M.

Destinations In December 2024, Confectionery Sugar were exported mostly to Japan ($3.34M), Vietnam ($1.11M), Australia ($750k), United States ($696k), and China ($694k), and were imported mostly from China ($11.9M), Germany ($6.03M), Turkey ($4.46M), Japan ($2.49M), and Vietnam ($2.45M).

Growth In December 2024, the increase in Confectionery Sugar's year-by-year exports was explained primarily by an increase in exports to Japan ($375k or 11.1%), Mongolia ($146k or 913%), and Chinese Taipei ($135k or 88.2%). In December 2024, the increase in Confectionery Sugar's year-by-year imports was explained primarily by an increase in imports from China ($2.84M or 61.2%), Japan ($981k or 82.6%), and Italy ($347k or 59.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$1.46M(20.1%)
IMPORT GROWTH (December 2023 - December 2024)$13.7M(59.9%)
MAIN DESTINATION (December 2024)Japan$3.34M

This section shows Confectionery Sugar'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 Confectionery Sugar over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$41.5M
IMPORTS (2023)$207M
NET TRADE (2023)-$166M

In 2023, South Korea exported $41.5M in Confectionery Sugar. The main destinations of South Korea exports on Confectionery Sugar were China ($14M), Japan ($8.83M), United States ($5.85M), Australia ($3.57M), and Hong Kong ($2.37M).

In 2023, South Korea imported $207M in Confectionery Sugar, mainly from Germany ($56.3M), China ($44.7M), Turkey ($18.7M), Belgium ($12.3M), and Japan ($11.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Hong Kong$1.41M (146%)
United States$961k (19.6%)
Macau$305k (503%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY South Korea WERE (2022 - 2023):
Japan-$9.54M (-51.9%)
Vietnam-$5.3M (-100%)
China-$1.82M (-11.5%)
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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 Confectionery Sugar were:
Germany $1.97B
China $1.5B
Mexico $1.36B
In 2023, South Korea's main importing competitors in Confectionery Sugar were:
United States $3.26B
United Kingdom $1.01B
Germany $992M

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.57M
TOP IMPORT POTENTIALChina+ $13.1M

Confectionery Sugar’s highest export potential is United States. With an export gap of $5.57M.   Confectionery Sugar’s highest import potential is China with an import gap of $13.1M.

See methodology.

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