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2023
Exports $17.2MWorld Rnk 20 / 136
Flag Rnk 628 / 1188
2023
Destination $655k United States
2022 - 2023
FASTEST GROWING MARKET $655kSingapore
2023
PRODUCT COMPLEXITY IN Micro-Organism Culture Preparations1.21Rnk 103 / 1025
2023
Imports $196MWorld Rnk 5 / 208
Flag Rnk 319 / 1208
2023
Origin $12M United States
2022 - 2023
FASTEST GROWING ORIGIN $12MGermany
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $17.2M in Micro-Organism Culture Preparations, making it the 20th largest exporter of Micro-Organism Culture Preparations in the world. At the same year, Micro-Organism Culture Preparations was the 628th most exported product in South Korea. The main destination of Micro-Organism Culture Preparations exports from South Korea are: United States ($5.6M), Japan ($5.48M), Singapore ($2.28M), Togo ($613k), and China ($515k).

The fastest growing export markets for Micro-Organism Culture Preparations of South Korea between 2022 and 2023 were Singapore ($655k), Togo ($363k), and Malaysia ($149k).

Imports In 2023, South Korea imported $196M in Micro-Organism Culture Preparations, becoming the 5th largest importer of Micro-Organism Culture Preparations in the world. At the same year, Micro-Organism Culture Preparations was the 319th most imported product in South Korea. South Korea imports Micro-Organism Culture Preparations primarily from: United States ($83.3M), United Kingdom ($34.6M), Singapore ($30.4M), Germany ($15.4M), and Japan ($9.62M).

The fastest growing import markets in Micro-Organism Culture Preparations for South Korea between 2022 and 2023 were Germany ($12M), Netherlands ($4.08M), and Canada ($2.34M).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Micro-Organism Culture Preparations exports accounted up to $2.01M and imports accounted up to $17.5M, resulting in a negative trade balance of $15.5M. Between December 2023 and December 2024 the exports of South Korea's   Micro-Organism Culture Preparations have increased by $704k (53.9%) from $1.31M to $2.01M, while imports decreased by $-5.4M (-23.5%) from $22.9M to $17.5M.

Destinations In December 2024, Micro-Organism Culture Preparations were exported mostly to Japan ($870k), Singapore ($467k), United States ($423k), Vietnam ($55k), and Russia ($40k), and were imported mostly from Singapore ($5.61M), United States ($5.46M), Belgium ($2.75M), Japan ($1.01M), and United Kingdom ($763k).

Growth In December 2024, the increase in Micro-Organism Culture Preparations's year-by-year exports was explained primarily by an increase in exports to Japan ($122k or 26%) and India ($4k or 44.4%). In December 2024, the decrease in Micro-Organism Culture Preparations's year-by-year imports was explained primarily by a decrease in imports from United States ($-2.35M or -26.6%), United Kingdom ($-2.26M or -59.9%), and Poland ($-885k or -85.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$704k(53.9%)
IMPORT GROWTH (December 2023 - December 2024)$-5.4M(-23.5%)
MAIN DESTINATION (December 2024)Japan$870k

This section shows Micro-Organism Culture Preparations'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 Micro-Organism Culture Preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.2M
IMPORTS (2023)$196M
NET TRADE (2023)-$178M

In 2023, South Korea exported $17.2M in Micro-Organism Culture Preparations. The main destinations of South Korea exports on Micro-Organism Culture Preparations were United States ($5.6M), Japan ($5.48M), Singapore ($2.28M), Togo ($613k), and China ($515k).

In 2023, South Korea imported $196M in Micro-Organism Culture Preparations, mainly from United States ($83.3M), United Kingdom ($34.6M), Singapore ($30.4M), Germany ($15.4M), and Japan ($9.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Micro-Organism Culture Preparations EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Singapore$655k (40.3%)
Togo$363k (145%)
Malaysia$149k (803%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Micro-Organism Culture Preparations BY South Korea WERE (2022 - 2023):
United States-$28.4M (-83.5%)
Canada-$12.3M (-97%)
Israel-$2.98M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Micro-Organism Culture Preparations were:
United States $1.02B
France $432M
United Kingdom $357M
In 2023, South Korea's main importing competitors in Micro-Organism Culture Preparations were:
Netherlands $308M
China $293M
United States $293M

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Trade Value of Micro-Organism Culture Preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.29M
TOP IMPORT POTENTIALFrance+ $2.65M

Micro-Organism Culture Preparations’s highest export potential is China. With an export gap of $2.29M.   Micro-Organism Culture Preparations’s highest import potential is France with an import gap of $2.65M.

See methodology.

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