Corn in South Korea | The Observatory of Economic Complexity

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,INC. (2) and HONGKONG XIN JIE TECHNOLOGY LTD (1) were at the forefront of shipping Corn from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Corn exports accounted up to $0 and imports accounted up to $217M, resulting in a negative trade balance of $217M. Between March 2023 and March 2024 the exports of South Korea's Corn have decreased by $-2k (-100%) from $2k to $0, while imports decreased by $-79.6M (-26.9%) from $296M to $217M.

Destinations In March 2024, Corn were exported mostly to South Africa ($0), China ($0), India ($0), Japan ($0), and Turkey ($0), and were imported mostly from Brazil ($78.7M), United States ($34.7M), Ukraine ($32.1M), Serbia ($27.9M), and Romania ($16.5M).

Growth In March 2024, the decrease in Corn's year-by-year exports was explained primarily by a decrease in exports to China ($-2k or -100%). In March 2024, the decrease in Corn's year-by-year imports was explained primarily by a decrease in imports from Argentina ($-55.3M or -33.8%) and United States ($-16.7M or -85.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-2k(-100%)

IMPORT GROWTH (March 2023 - March 2024)$-79.6M(-26.9%)

MAIN DESTINATION (March 2024)South Africa$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

Trade Value

Growth

Growth (%)

Year

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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