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2022
Exports $61.1kWorld Rnk 44 / 85
Flag Rnk 1136 / 1204
2022
Destination $38.4k United States
2021 - 2022
FASTEST GROWING MARKET $38.4kUnited States
2022
PRODUCT COMPLEXITY IN Hops0.45Rnk 387 / 1025
2022
Imports $6.53MWorld Rnk 24 / 160
Flag Rnk 992 / 1213
2022
Origin $1.46M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.46MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $61.1k in Hops, making it the 44th largest exporter of Hops in the world. At the same year, Hops was the 1136th most exported product in South Korea. The main destination of Hops exports from South Korea are: United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

The fastest growing export markets for Hops of South Korea between 2021 and 2022 were United States ($38.4k), Hong Kong ($21.8k), and Philippines ($811).

Imports In 2022, South Korea imported $6.53M in Hops, becoming the 24th largest importer of Hops in the world. At the same year, Hops was the 992nd most imported product in South Korea. South Korea imports Hops primarily from: Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

The fastest growing import markets in Hops for South Korea between 2021 and 2022 were Germany ($1.46M), France ($101k), and New Zealand ($65.8k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Hops exports accounted up to $0 and imports accounted up to $92k, resulting in a negative trade balance of $92k. Between October 2023 and October 2024 the exports of South Korea's   Hops have decreased by $-3k (-100%) from $3k to $0, while imports increased by $10k (12.2%) from $82k to $92k.

Destinations In October 2024, Hops were exported mostly to Germany ($0), Slovenia ($0), and United States ($0), and were imported mostly from United States ($54k), Slovenia ($27k), and Germany ($11k).

Growth In October 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to United States ($-38k or -100%). In October 2024, the increase in Hops's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-3k(-100%)
IMPORT GROWTH (October 2023 - October 2024)$10k(12.2%)
MAIN DESTINATION (October 2024)Germany$0

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61.1k
IMPORTS (2022)$6.53M
NET TRADE (2022)-$6.47M

In 2022, South Korea exported $61.1k in Hops. The main destinations of South Korea exports on Hops were United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

In 2022, South Korea imported $6.53M in Hops, mainly from Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$38.4k (1%)
Hong Kong$21.8k (1%)
Philippines$811 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY South Korea WERE (2021 - 2022):
Vietnam-$10.6k (-100%)
Japan-$1.86k (-100%)
Singapore-$1.73k (-100%)
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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 Hops were:
United States $298M
Germany $284M
Czechia $63.1M
In 2022, South Korea's main importing competitors in Hops were:
Germany $81.7M
United Kingdom $78.3M
United States $67.1M

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6k
TOP IMPORT POTENTIALCzechia+ $117k

Hops’s highest export potential is United States. With an export gap of $21.6k.   Hops’s highest import potential is Czechia with an import gap of $117k.

See methodology.

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