2023
Exports
$26.6kWorld Rnk 128 / 158
Flag Rnk 1126 / 1188
2023
PRODUCT COMPLEXITY IN Corn
-1.03Rnk 838 / 1025
2023
Imports
$2.49BWorld Rnk 5 / 216
Flag Rnk 30 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $26.6k in Corn, making it the 128th largest exporter of Corn in the world. At the same year, Corn was the 1126th most exported product in South Korea. The main destination of Corn exports from South Korea are: United Arab Emirates ($12.5k), Canada ($5.15k), Philippines ($4.28k), United States ($3.07k), and Malaysia ($776).

The fastest growing export markets for Corn of South Korea between 2022 and 2023 were Philippines ($1.93k) and Malaysia ($695).

Imports In 2023, South Korea imported $2.49B in Corn, becoming the 5th largest importer of Corn in the world. At the same year, Corn was the 30th most imported product in South Korea. South Korea imports Corn primarily from: Brazil ($866M), Argentina ($596M), Romania ($367M), United States ($293M), and South Africa ($160M).

The fastest growing import markets in Corn for South Korea between 2022 and 2023 were Brazil ($252M), Romania ($244M), and South Africa ($76.7M).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Corn from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$-21.7M(-7.67%)
MAIN DESTINATION (December 2024)China$0

This section shows Corn'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 Corn over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$26.6k
IMPORTS (2023)$2.49B
NET TRADE (2023)-$2.49B

In 2023, South Korea exported $26.6k in Corn. The main destinations of South Korea exports on Corn were United Arab Emirates ($12.5k), Canada ($5.15k), Philippines ($4.28k), United States ($3.07k), and Malaysia ($776).

In 2023, South Korea imported $2.49B in Corn, mainly from Brazil ($866M), Argentina ($596M), Romania ($367M), United States ($293M), and South Africa ($160M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Philippines$1.93k (81.9%)
Malaysia$695 (858%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY South Korea WERE (2022 - 2023):
Vietnam-$1.02M (-100%)
United States-$19.5k (-86.4%)
Hong Kong-$15.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Corn were:
In 2023, South Korea's main importing competitors in Corn were:
China $7.56B
Japan $4.52B

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Trade Value of Corn by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $352k
TOP IMPORT POTENTIALUnited States+ $36.5M

Corn’s highest export potential is Vietnam. With an export gap of $352k.   Corn’s highest import potential is United States with an import gap of $36.5M.

See methodology.

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