2022
Exports
$697kWorld Rnk 82 / 141
Flag Rnk 1009 / 1204
2022
PRODUCT COMPLEXITY IN Frozen Bovine Meat
-1.24Rnk 891 / 1025
2022
Imports
$2.86BWorld Rnk 2 / 219
Flag Rnk 29 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $697k in Frozen Bovine Meat, making it the 82nd largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 1009th most exported product in South Korea. The main destination of Frozen Bovine Meat exports from South Korea are: Vietnam ($508k), Iraq ($130k), Hong Kong ($34.8k), Democratic Republic of the Congo ($12.4k), and Bangladesh ($8.96k).

The fastest growing export markets for Frozen Bovine Meat of South Korea between 2021 and 2022 were Vietnam ($508k), Iraq ($45.4k), and Bangladesh ($8.96k).

Imports In 2018, South Korea imported $2.86B in Frozen Bovine Meat, becoming the 2nd largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 29th most imported product in South Korea. South Korea imports Frozen Bovine Meat primarily from: United States ($1.67B), Australia ($855M), New Zealand ($140M), Canada ($134M), and Mexico ($36.8M).

The fastest growing import markets in Frozen Bovine Meat for South Korea between 2021 and 2022 were United States ($408M), Australia ($58.2M), and Canada ($55M).

COMPANIES In 2023, leading companies such as JBS Foods (3) were at the forefront of shipping Frozen Bovine Meat from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-153k(-98.7%)
IMPORT GROWTH (July 2023 - July 2024)$4.99M(2.44%)
MAIN DESTINATION (July 2024)Mongolia$2k

This section shows Frozen Bovine Meat'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 Frozen Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$697k
IMPORTS (2022)$2.86B
NET TRADE (2022)-$2.86B

In 2022, South Korea exported $697k in Frozen Bovine Meat. The main destinations of South Korea exports on Frozen Bovine Meat were Vietnam ($508k), Iraq ($130k), Hong Kong ($34.8k), Democratic Republic of the Congo ($12.4k), and Bangladesh ($8.96k).

In 2022, South Korea imported $2.86B in Frozen Bovine Meat, mainly from United States ($1.67B), Australia ($855M), New Zealand ($140M), Canada ($134M), and Mexico ($36.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$508k (1%)
Iraq$45.4k (53.8%)
Bangladesh$8.96k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY South Korea WERE (2021 - 2022):
Hong Kong-$75.3k (-68.4%)
Singapore-$18k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Frozen Bovine Meat were:
In 2022, South Korea's main importing competitors in Frozen Bovine Meat were:

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Trade Value of Frozen Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $128k
TOP IMPORT POTENTIALBrazil+ $11.9M

Frozen Bovine Meat’s highest export potential is Vietnam. With an export gap of $128k.   Frozen Bovine Meat’s highest import potential is Brazil with an import gap of $11.9M.

See methodology.

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