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2022
Exports $7.62MWorld Rnk 82 / 198
Flag Rnk 92 / 96
2022
Destination $1.34M United States
2021 - 2022
FASTEST GROWING MARKET $1.34MNepal
2022
PRODUCT COMPLEXITY IN Live animals0.34Rnk 426 / 1025
2022
Imports $52.8MWorld Rnk 55 / 211
Flag Rnk 93 / 96
2022
Origin $1.41M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.41MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.62M in Live animals, making it the 82nd largest exporter of Live animals in the world. At the same year, Live animals was the 92nd most exported product in South Korea. The main destination of Live animals exports from South Korea are: United States ($3.14M), Nepal ($1.34M), Japan ($754k), Canada ($606k), and United Arab Emirates ($262k).

The fastest growing export markets for Live animals of South Korea between 2021 and 2022 were Nepal ($1.34M), Hong Kong ($138k), and Czechia ($124k).

Imports In 2022, South Korea imported $52.8M in Live animals, becoming the 55th largest importer of Live animals in the world. At the same year, Live animals was the 93rd most imported product in South Korea. South Korea imports Live animals primarily from: United States ($20.1M), China ($7.93M), Germany ($5.21M), Japan ($4.56M), and Netherlands ($2.39M).

The fastest growing import markets in Live animals for South Korea between 2021 and 2022 were Germany ($1.41M), United States ($1.11M), and France ($834k).

COMPANIES In 2023, leading companies such as LG Electronics (34), GE RENEWABLES NORTH AMERICA LLC (8), and Yokohama Industries (1) were at the forefront of shipping Live animals from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Live animals exports accounted up to $410k and imports accounted up to $4.91M, resulting in a negative trade balance of $4.5M. Between October 2023 and October 2024 the exports of South Korea's   Live animals have decreased by $-443k (-51.9%) from $853k to $410k, while imports decreased by $-1.46M (-22.9%) from $6.37M to $4.91M.

Destinations In October 2024, Live animals were exported mostly to United States ($148k), Canada ($76k), Japan ($59k), United Arab Emirates ($32k), and Philippines ($15k), and were imported mostly from China ($1.22M), United Kingdom ($1.12M), United States ($712k), Canada ($400k), and Japan ($331k).

Growth In October 2024, the decrease in Live animals's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-15k or -78.9%), United States ($-8k or -2.52%), and Vietnam ($-6k or -85.7%). In October 2024, the decrease in Live animals's year-by-year imports was explained primarily by a decrease in imports from United States ($-729k or -33.3%), China ($-561k or -40.8%), and Germany ($-293k or -61.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-443k(-51.9%)
IMPORT GROWTH (October 2023 - October 2024)$-1.46M(-22.9%)
MAIN DESTINATION (October 2024)United States$148k

This section shows Live animals'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 Live animals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.62M
IMPORTS (2022)$52.8M
NET TRADE (2022)-$45.2M

In 2022, South Korea exported $7.62M in Live animals. The main destinations of South Korea exports on Live animals were United States ($3.14M), Nepal ($1.34M), Japan ($754k), Canada ($606k), and United Arab Emirates ($262k).

In 2022, South Korea imported $52.8M in Live animals, mainly from United States ($20.1M), China ($7.93M), Germany ($5.21M), Japan ($4.56M), and Netherlands ($2.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Live animals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Nepal$1.34M (450k%)
Hong Kong$138k (133%)
Czechia$124k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Live animals BY South Korea WERE (2021 - 2022):
United States-$691k (-18%)
Canada-$430k (-41.5%)
Japan-$360k (-32.3%)
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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 Live animals were:
France $2.5B
Canada $1.97B
Netherlands $1.74B
In 2022, South Korea's main importing competitors in Live animals were:
United States $3.19B
Italy $1.85B
Germany $1.48B

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Trade Value of Live animals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $366k
TOP IMPORT POTENTIALFrance+ $1.34M

Live animals’s highest export potential is United States. With an export gap of $366k.   Live animals’s highest import potential is France with an import gap of $1.34M.

See methodology.

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