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2022
Exports $747World Rnk 40 / 60
Flag Rnk 1195 / 1204
2022
Destination $746 Singapore
2022
Imports $701kWorld Rnk 12 / 77
Flag Rnk 1151 / 1213
2022
Origin $280k China
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $747 in Ground Nut Meal, making it the 40th largest exporter of Ground Nut Meal in the world. At the same year, Ground Nut Meal was the 1195th most exported product in South Korea. The main destination of Ground Nut Meal exports from South Korea are: Singapore ($746) and Canada ($1).

The fastest growing export markets for Ground Nut Meal of South Korea between N/A and 2022 were Singapore ($746) and Canada ($1).

Imports In 2022, South Korea imported $701k in Ground Nut Meal, becoming the 12th largest importer of Ground Nut Meal in the world. At the same year, Ground Nut Meal was the 1151st most imported product in South Korea. South Korea imports Ground Nut Meal primarily from: China ($409k), Singapore ($280k), India ($11.2k), and Sudan ($45).

The fastest growing import markets in Ground Nut Meal for South Korea between 2021 and 2022 were Singapore ($280k), China ($30.7k), and India ($3.56k).

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Ground Nut Meal exports accounted up to $0 and imports accounted up to $17k, resulting in a negative trade balance of $17k. Between September 2023 and November 2024 the exports of South Korea's   Ground Nut Meal have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-41k (-70.7%) from $58k to $17k.

Destinations In November 2024, Ground Nut Meal were exported mostly to China ($0), and were imported mostly from China ($17k).

Growth In November 2024, the change in Ground Nut Meal's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Ground Nut Meal's year-by-year imports was explained primarily by a decrease in imports from China ($-5k or -10.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (September 2023 - November 2024)$-41k(-70.7%)
MAIN DESTINATION (November 2024)China$0

This section shows Ground Nut Meal'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 Ground Nut Meal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$747
IMPORTS (2022)$701k
NET TRADE (2022)-$700k

In 2022, South Korea exported $747 in Ground Nut Meal. The main destinations of South Korea exports on Ground Nut Meal were Singapore ($746) and Canada ($1).

In 2022, South Korea imported $701k in Ground Nut Meal, mainly from China ($409k), Singapore ($280k), India ($11.2k), and Sudan ($45).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Meal EXPORT MARKETS FOR South Korea WERE (N/A - 2022):
Singapore$746 (1%)
Canada$1 (1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Ground Nut Meal were:
Sudan $75.6M
Argentina $15.3M
India $8.34M
In 2022, South Korea's main importing competitors in Ground Nut Meal were:
China $75.6M
Chile $11.1M
United States $7.15M

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Trade Value of Ground Nut Meal by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Ground Nut Meal’s highest export potential is N/A. With an export gap of N/A.   Ground Nut Meal’s highest import potential is N/A with an import gap of N/A.

See methodology.

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