2022
Exports
$1.1MWorld Rnk 80 / 160
Flag Rnk 977 / 1204
2022
PRODUCT COMPLEXITY IN Corn
-1.16Rnk 869 / 1025
2022
Imports
$3.23BWorld Rnk 5 / 212
Flag Rnk 27 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.1M in Corn, making it the 80th largest exporter of Corn in the world. At the same year, Corn was the 977th most exported product in South Korea. The main destination of Corn exports from South Korea are: Vietnam ($1.02M), United States ($29.4k), Hong Kong ($15.4k), Japan ($10.6k), and Burma ($6.62k).

The fastest growing export markets for Corn of South Korea between 2021 and 2022 were Vietnam ($1.02M), Hong Kong ($15.4k), and United States ($12.6k).

Imports In 2022, South Korea imported $3.23B in Corn, becoming the 5th largest importer of Corn in the world. At the same year, Corn was the 27th most imported product in South Korea. South Korea imports Corn primarily from: Argentina ($1.31B), Brazil ($647M), United States ($549M), Ukraine ($175M), and Romania ($146M).

The fastest growing import markets in Corn for South Korea between 2021 and 2022 were Brazil ($409M), Argentina ($170M), and Romania ($73.8M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (2) and Hongkong Xin Jie Technology (1) were at the forefront of shipping Corn from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-12k(-70.6%)
IMPORT GROWTH (September 2023 - September 2024)$-2.32M(-1.11%)
MAIN DESTINATION (September 2024)United Arab Emirates$4k

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 (2022)$1.1M
IMPORTS (2022)$3.23B
NET TRADE (2022)-$3.23B

In 2022, South Korea exported $1.1M in Corn. The main destinations of South Korea exports on Corn were Vietnam ($1.02M), United States ($29.4k), Hong Kong ($15.4k), Japan ($10.6k), and Burma ($6.62k).

In 2022, South Korea imported $3.23B in Corn, mainly from Argentina ($1.31B), Brazil ($647M), United States ($549M), Ukraine ($175M), and Romania ($146M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Corn EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.02M (26.9k%)
Hong Kong$15.4k (1%)
United States$12.6k (75.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Corn BY South Korea WERE (2021 - 2022):
United Arab Emirates-$19.3k (-99%)
Australia-$8.65k (-100%)
Singapore-$4.11k (-74.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Corn were:
In 2022, South Korea's main importing competitors in Corn were:
China $6.81B
Mexico $5.38B
Japan $5.12B

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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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