Honey in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $124k in Honey, making it the 89th largest exporter of Honey in the world. At the same year, Honey was the 1067th most exported product in South Korea. The main destination of Honey exports from South Korea are: Singapore ($59k), Hong Kong ($46.4k), United States ($13.8k), United Arab Emirates ($1.95k), and Australia ($1.41k).

The fastest growing export markets for Honey of South Korea between 2022 and 2023 were Hong Kong ($30.8k), Singapore ($16.1k), and United States ($4.51k).

Imports In 2023, South Korea imported $13.9M in Honey, becoming the 27th largest importer of Honey in the world. At the same year, Honey was the 851st most imported product in South Korea. South Korea imports Honey primarily from: New Zealand ($7.48M), United States ($3.1M), Canada ($1.16M), Greece ($854k), and Australia ($737k).

The fastest growing import markets in Honey for South Korea between 2022 and 2023 were New Zealand ($1.69M), Canada ($175k), and United Kingdom ($70k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Honey exports accounted up to $5k and imports accounted up to $3.75M, resulting in a negative trade balance of $3.74M. Between December 2023 and December 2024 the exports of South Korea's Honey have decreased by $-13k (-72.2%) from $18k to $5k, while imports decreased by $-634k (-14.5%) from $4.38M to $3.75M.

Destinations In December 2024, Honey were exported mostly to Vietnam ($3k), Indonesia ($2k), China ($0), Hong Kong ($0), and Israel ($0), and were imported mostly from New Zealand ($2.68M), Australia ($451k), United States ($228k), Vietnam ($191k), and Turkey ($77k).

Growth In December 2024, the decrease in Honey's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Honey's year-by-year imports was explained primarily by a decrease in imports from United States ($-149k or -40.4%), Thailand ($-3k or -75%), and Japan ($-1k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-13k(-72.2%)

IMPORT GROWTH (December 2023 - December 2024)$-634k(-14.5%)

MAIN DESTINATION (December 2024)Vietnam$3k

This section shows Honey'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 Honey over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$124k

IMPORTS (2023)$13.9M

NET TRADE (2023)-$13.8M

In 2023, South Korea exported $124k in Honey. The main destinations of South Korea exports on Honey were Singapore ($59k), Hong Kong ($46.4k), United States ($13.8k), United Arab Emirates ($1.95k), and Australia ($1.41k).

In 2023, South Korea imported $13.9M in Honey, mainly from New Zealand ($7.48M), United States ($3.1M), Canada ($1.16M), Greece ($854k), and Australia ($737k).

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