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2023
Exports $1.04MWorld Rnk 67 / 136
Flag Rnk 949 / 1188
2023
Destination $127k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $127kSingapore
2023
PRODUCT COMPLEXITY IN Edible Offal-0.29Rnk 644 / 1025
2023
Imports $356MWorld Rnk 7 / 211
Flag Rnk 211 / 1208
2023
Origin $22.8M Australia
2022 - 2023
FASTEST GROWING ORIGIN $22.8MSpain
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.04M in Edible Offal, making it the 67th largest exporter of Edible Offal in the world. At the same year, Edible Offal was the 949th most exported product in South Korea. The main destination of Edible Offal exports from South Korea are: Hong Kong ($561k), Singapore ($373k), France ($107k), and Mauritius ($160).

The fastest growing export markets for Edible Offal of South Korea between 2022 and 2023 were Singapore ($127k), Hong Kong ($118k), and France ($107k).

Imports In 2023, South Korea imported $356M in Edible Offal, becoming the 7th largest importer of Edible Offal in the world. At the same year, Edible Offal was the 211th most imported product in South Korea. South Korea imports Edible Offal primarily from: Australia ($128M), United States ($66.8M), Hong Kong ($64.9M), Spain ($30.8M), and New Zealand ($23M).

The fastest growing import markets in Edible Offal for South Korea between 2022 and 2023 were Spain ($22.8M), Hong Kong ($18.1M), and United Kingdom ($5.03M).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Edible Offal exports accounted up to $0 and imports accounted up to $13M, resulting in a negative trade balance of $13M. Between December 2023 and December 2024 the exports of South Korea's   Edible Offal have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $505k (4.03%) from $12.5M to $13M.

Destinations In December 2024, Edible Offal were exported mostly to Hong Kong ($0), Austria ($0), Belgium ($0), Germany ($0), and Denmark ($0), and were imported mostly from United States ($5.31M), Australia ($4.58M), New Zealand ($705k), Belgium ($614k), and Germany ($321k).

Growth In December 2024, the change in Edible Offal's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Edible Offal's year-by-year imports was explained primarily by an increase in imports from United States ($2.95M or 30.5%), Australia ($2.75M or 20.7%), and Canada ($1.79M or 631%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$505k(4.03%)
MAIN DESTINATION (December 2024)Hong Kong$0

This section shows Edible Offal'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 Edible Offal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.04M
IMPORTS (2023)$356M
NET TRADE (2023)-$355M

In 2023, South Korea exported $1.04M in Edible Offal. The main destinations of South Korea exports on Edible Offal were Hong Kong ($561k), Singapore ($373k), France ($107k), and Mauritius ($160).

In 2023, South Korea imported $356M in Edible Offal, mainly from Australia ($128M), United States ($66.8M), Hong Kong ($64.9M), Spain ($30.8M), and New Zealand ($23M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Edible Offal EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$127k (51.5%)
Hong Kong$118k (26.7%)
France$107k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Edible Offal BY South Korea WERE (2022 - 2023):Iraq-$18.9k (-100%)
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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 Edible Offal were:
United States $2.28B
Spain $978M
Australia $798M
In 2023, South Korea's main importing competitors in Edible Offal were:
China $2.88B
Japan $1.14B
Vietnam $631M

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Trade Value of Edible Offal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $62.2k
TOP IMPORT POTENTIALSpain+ $4.6M

Edible Offal’s highest export potential is Hong Kong. With an export gap of $62.2k.   Edible Offal’s highest import potential is Spain with an import gap of $4.6M.

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