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2022
Exports $79MWorld Rnk 14 / 143
Flag Rnk 409 / 1204
2022
Destination $5.04M United States
2021 - 2022
FASTEST GROWING MARKET $5.04MUnited States
2022
PRODUCT COMPLEXITY IN Ice Cream-0.27Rnk 636 / 1025
2022
Imports $53.7MWorld Rnk 27 / 219
Flag Rnk 653 / 1213
2022
Origin $6.57M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.57MThailand
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $79M in Ice Cream, making it the 14th largest exporter of Ice Cream in the world. At the same year, Ice Cream was the 409th most exported product in South Korea. The main destination of Ice Cream exports from South Korea are: United States ($23.5M), Philippines ($9.95M), Canada ($7.71M), Vietnam ($6.25M), and Hong Kong ($5.16M).

The fastest growing export markets for Ice Cream of South Korea between 2021 and 2022 were United States ($5.04M), Chinese Taipei ($2.73M), and Philippines ($2.18M).

Imports In 2022, South Korea imported $53.7M in Ice Cream, becoming the 27th largest importer of Ice Cream in the world. At the same year, Ice Cream was the 653rd most imported product in South Korea. South Korea imports Ice Cream primarily from: United States ($18.4M), France ($16.7M), Thailand ($12.5M), United Kingdom ($1.5M), and Australia ($1.34M).

The fastest growing import markets in Ice Cream for South Korea between 2021 and 2022 were Thailand ($6.57M), China ($186k), and Greece ($164k).

COMPANIES In 2023, leading companies such as LG Electronics (74), Samsung (6), and CNH Industrial (1) were at the forefront of shipping Ice Cream from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Ice Cream exports accounted up to $6.79M and imports accounted up to $5.32M, resulting in a positive trade balance of $1.47M. Between September 2023 and September 2024 the exports of South Korea's   Ice Cream have increased by $1.36M (25.1%) from $5.43M to $6.79M, while imports increased by $908k (20.6%) from $4.41M to $5.32M.

Destinations In September 2024, Ice Cream were exported mostly to United States ($1.45M), Philippines ($1.06M), Canada ($789k), Vietnam ($453k), and Hong Kong ($385k), and were imported mostly from France ($2.59M), Thailand ($1.23M), United States ($498k), Brazil ($315k), and Australia ($299k).

Growth In September 2024, the increase in Ice Cream's year-by-year exports was explained primarily by an increase in exports to China ($355k or 546%), Saudi Arabia ($187k or 101%), and Philippines ($157k or 18.6%). In September 2024, the increase in Ice Cream's year-by-year imports was explained primarily by an increase in imports from Thailand ($432k or 57%) and United States ($329k or 33.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.36M(25.1%)
IMPORT GROWTH (September 2023 - September 2024)$908k(20.6%)
MAIN DESTINATION (September 2024)United States$1.45M

This section shows Ice Cream'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 Ice Cream over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$79M
IMPORTS (2022)$53.7M
NET TRADE (2022)$25.3M

In 2022, South Korea exported $79M in Ice Cream. The main destinations of South Korea exports on Ice Cream were United States ($23.5M), Philippines ($9.95M), Canada ($7.71M), Vietnam ($6.25M), and Hong Kong ($5.16M).

In 2022, South Korea imported $53.7M in Ice Cream, mainly from United States ($18.4M), France ($16.7M), Thailand ($12.5M), United Kingdom ($1.5M), and Australia ($1.34M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ice Cream EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$5.04M (27.3%)
Chinese Taipei$2.73M (147%)
Philippines$2.18M (28%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ice Cream BY South Korea WERE (2021 - 2022):
China-$5.29M (-57.7%)
Saudi Arabia-$1.75M (-51.3%)
Singapore-$227k (-14.6%)
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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 Ice Cream were:
Germany $653M
France $575M
Belgium $411M
In 2022, South Korea's main importing competitors in Ice Cream were:
Germany $511M
United Kingdom $426M
France $380M

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Trade Value of Ice Cream by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.11M
TOP IMPORT POTENTIALChina+ $902k

Ice Cream’s highest export potential is China. With an export gap of $2.11M.   Ice Cream’s highest import potential is China with an import gap of $902k.

See methodology.

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