Edible products of animal origin, n.e.s. in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $69.7M in Edible products of animal origin, n.e.s., making it the 68th largest exporter of Edible products of animal origin, n.e.s. in the world. At the same year, Edible products of animal origin, n.e.s. was the 79th most exported product in South Korea. The main destination of Edible products of animal origin, n.e.s. exports from South Korea are: Japan ($22.1M), China ($11.7M), United States ($9.56M), Chinese Taipei ($7.3M), and Philippines ($4.58M).

The fastest growing export markets for Edible products of animal origin, n.e.s. of South Korea between 2021 and 2022 were Japan ($5.09M), Chinese Taipei ($2.76M), and Vietnam ($1.62M).

Imports In 2022, South Korea imported $1.6B in Edible products of animal origin, n.e.s., becoming the 18th largest importer of Edible products of animal origin, n.e.s. in the world. At the same year, Edible products of animal origin, n.e.s. was the 43rd most imported product in South Korea. South Korea imports Edible products of animal origin, n.e.s. primarily from: United States ($455M), Netherlands ($275M), New Zealand ($218M), France ($134M), and Germany ($128M).

The fastest growing import markets in Edible products of animal origin, n.e.s. for South Korea between 2021 and 2022 were Netherlands ($75.1M), New Zealand ($55.8M), and Italy ($38.3M).

COMPANIES In 2023, leading companies such as Goya Foods (33), LG Electronics (19), and Samsung (17) were at the forefront of shipping Edible products of animal origin, n.e.s. from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Edible products of animal origin, n.e.s. exports accounted up to $6.63M and imports accounted up to $128M, resulting in a negative trade balance of $122M. Between October 2023 and October 2024 the exports of South Korea's Edible products of animal origin, n.e.s. have increased by $398k (6.38%) from $6.23M to $6.63M, while imports increased by $20M (18.5%) from $108M to $128M.

Destinations In October 2024, Edible products of animal origin, n.e.s. were exported mostly to United States ($1.47M), Japan ($1.31M), China ($623k), Philippines ($621k), and Chinese Taipei ($570k), and were imported mostly from United States ($32.8M), New Zealand ($17.3M), France ($14.3M), Netherlands ($13.1M), and Denmark ($10.9M).

Growth In October 2024, the increase in Edible products of animal origin, n.e.s.'s year-by-year exports was explained primarily by an increase in exports to Japan ($2.14M or 210%), Chinese Taipei ($1.27M or 197%), and Hong Kong ($131k or 69.3%). In October 2024, the increase in Edible products of animal origin, n.e.s.'s year-by-year imports was explained primarily by an increase in imports from New Zealand ($12.6M or 91.8%), Netherlands ($6.69M or 38.2%), and Germany ($6.12M or 64.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$398k(6.38%)

IMPORT GROWTH (October 2023 - October 2024)$20M(18.5%)

MAIN DESTINATION (October 2024)United States$1.47M

This section shows Edible products of animal origin, n.e.s.'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 products of animal origin, n.e.s. over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download