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2023
Exports $2.33MWorld Rnk 64 / 159
Flag Rnk 872 / 1188
2023
Destination $523k Japan
2022 - 2023
FASTEST GROWING MARKET $523kUnited States
2023
PRODUCT COMPLEXITY IN Frozen Fruits and Nuts-0.49Rnk 698 / 1025
2023
Imports $115MWorld Rnk 15 / 215
Flag Rnk 449 / 1208
2023
Origin $1.39M United States
2022 - 2023
FASTEST GROWING ORIGIN $1.39MEgypt
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $2.33M in Frozen Fruits and Nuts, making it the 64th largest exporter of Frozen Fruits and Nuts in the world. At the same year, Frozen Fruits and Nuts was the 872nd most exported product in South Korea. The main destination of Frozen Fruits and Nuts exports from South Korea are: Japan ($744k), United States ($607k), Singapore ($607k), Hong Kong ($102k), and Brazil ($98.4k).

The fastest growing export markets for Frozen Fruits and Nuts of South Korea between 2022 and 2023 were United States ($523k), Japan ($138k), and Singapore ($136k).

Imports In 2023, South Korea imported $115M in Frozen Fruits and Nuts, becoming the 15th largest importer of Frozen Fruits and Nuts in the world. At the same year, Frozen Fruits and Nuts was the 449th most imported product in South Korea. South Korea imports Frozen Fruits and Nuts primarily from: United States ($27.6M), China ($26.5M), Chile ($26.2M), Peru ($17.5M), and Canada ($5.05M).

The fastest growing import markets in Frozen Fruits and Nuts for South Korea between 2022 and 2023 were Egypt ($1.39M), Chile ($972k), and Philippines ($654k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (49) were at the forefront of shipping Frozen Fruits and Nuts from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Frozen Fruits and Nuts exports accounted up to $247k and imports accounted up to $21.2M, resulting in a negative trade balance of $20.9M. Between December 2023 and December 2024 the exports of South Korea's   Frozen Fruits and Nuts have decreased by $-14k (-5.36%) from $261k to $247k, while imports increased by $11.1M (110%) from $10.1M to $21.2M.

Destinations In December 2024, Frozen Fruits and Nuts were exported mostly to Chile ($87k), Singapore ($81k), Japan ($34k), United States ($21k), and Chinese Taipei ($11k), and were imported mostly from China ($8.7M), Vietnam ($3.75M), United States ($3.56M), Chile ($2.08M), and Peru ($1.48M).

Growth In December 2024, the decrease in Frozen Fruits and Nuts's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the increase in Frozen Fruits and Nuts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($974k or 54.2%), Peru ($670k or 106%), and Chile ($646k or 39.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-14k(-5.36%)
IMPORT GROWTH (December 2023 - December 2024)$11.1M(110%)
MAIN DESTINATION (December 2024)Chile$87k

This section shows Frozen Fruits and Nuts'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 Fruits and Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.33M
IMPORTS (2023)$115M
NET TRADE (2023)-$113M

In 2023, South Korea exported $2.33M in Frozen Fruits and Nuts. The main destinations of South Korea exports on Frozen Fruits and Nuts were Japan ($744k), United States ($607k), Singapore ($607k), Hong Kong ($102k), and Brazil ($98.4k).

In 2023, South Korea imported $115M in Frozen Fruits and Nuts, mainly from United States ($27.6M), China ($26.5M), Chile ($26.2M), Peru ($17.5M), and Canada ($5.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Frozen Fruits and Nuts EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$523k (622%)
Japan$138k (22.7%)
Singapore$136k (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Fruits and Nuts BY South Korea WERE (2022 - 2023):
Chile-$532k (-100%)
France-$135k (-100%)
Australia-$113k (-70.7%)
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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 Frozen Fruits and Nuts were:
Thailand $790M
Poland $581M
Canada $500M
In 2023, South Korea's main importing competitors in Frozen Fruits and Nuts were:
United States $1.32B
China $1.14B
Germany $615M

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Trade Value of Frozen Fruits and Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $349k
TOP IMPORT POTENTIALCanada+ $2.25M

Frozen Fruits and Nuts’s highest export potential is Japan. With an export gap of $349k.   Frozen Fruits and Nuts’s highest import potential is Canada with an import gap of $2.25M.

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