Food residues & wastes; animal fodder in South Korea | The Observatory of Economic Complexity

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Exports In 2023, South Korea exported $296M in Food residues & wastes; animal fodder, making it the 45th largest exporter of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 58th most exported product in South Korea. The main destination of Food residues & wastes; animal fodder exports from South Korea are: Japan ($119M), Thailand ($57.1M), Chinese Taipei ($31.1M), Indonesia ($25.9M), and Australia ($12.3M).

The fastest growing export markets for Food residues & wastes; animal fodder of South Korea between 2022 and 2023 were Chinese Taipei ($6.58M), Thailand ($3.7M), and Hong Kong ($3.06M).

Imports In 2023, South Korea imported $2.6B in Food residues & wastes; animal fodder, becoming the 15th largest importer of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 29th most imported product in South Korea. South Korea imports Food residues & wastes; animal fodder primarily from: Brazil ($627M), United States ($550M), China ($495M), India ($231M), and Indonesia ($193M).

The fastest growing import markets in Food residues & wastes; animal fodder for South Korea between 2022 and 2023 were China ($24.5M), Thailand ($4.51M), and Singapore ($3.94M).

COMPANIES In 2024, leading companies such as Ameziel (4) were at the forefront of shipping Food residues & wastes; animal fodder from South Korea to the United States.

Latest Trends

December 2024

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Overview In December 2024 South Korea's Food residues & wastes; animal fodder exports accounted up to $27.3M and imports accounted up to $187M, resulting in a negative trade balance of $159M. Between December 2023 and December 2024 the exports of South Korea's Food residues & wastes; animal fodder have decreased by $-2.42M (-8.14%) from $29.7M to $27.3M, while imports decreased by $-140k (-0.075%) from $187M to $187M.

Destinations In December 2024, Food residues & wastes; animal fodder were exported mostly to Japan ($6.5M), Vietnam ($5.88M), Thailand ($3.63M), Indonesia ($3.07M), and Chinese Taipei ($2.2M), and were imported mostly from Brazil ($42.7M), United States ($32.4M), India ($26.1M), China ($25.2M), and Indonesia ($8.76M).

Growth In December 2024, the decrease in Food residues & wastes; animal fodder's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.04M or -10%), Bangladesh ($-224k or -47.2%), and Australia ($-189k or -15.4%). In December 2024, the decrease in Food residues & wastes; animal fodder's year-by-year imports was explained primarily by a decrease in imports from Argentina ($-5.4M or -99.4%), Spain ($-1.33M or -71.3%), and Malaysia ($-1.32M or -14.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-2.42M(-8.14%)

IMPORT GROWTH (December 2023 - December 2024)$-140k(-0.075%)

MAIN DESTINATION (December 2024)Japan$6.5M

This section shows Food residues & wastes; animal fodder'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 Food residues & wastes; animal fodder over time.

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