2022
Exports
$1.52BWorld Rnk 17 / 221
Flag Rnk 33 / 96
2022
PRODUCT COMPLEXITY IN Miscellaneous edible preparations
0.054Rnk 531 / 1025
2022
Imports
$2.29BWorld Rnk 9 / 226
Flag Rnk 36 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.52B in Miscellaneous edible preparations, making it the 17th largest exporter of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 33rd most exported product in South Korea. The main destination of Miscellaneous edible preparations exports from South Korea are: China ($245M), United States ($217M), Japan ($179M), Vietnam ($119M), and Russia ($94.8M).

The fastest growing export markets for Miscellaneous edible preparations of South Korea between 2021 and 2022 were Vietnam ($24M), United States ($19.3M), and Israel ($9.34M).

Imports In 2022, South Korea imported $2.29B in Miscellaneous edible preparations, becoming the 9th largest importer of Miscellaneous edible preparations in the world. At the same year, Miscellaneous edible preparations was the 36th most imported product in South Korea. South Korea imports Miscellaneous edible preparations primarily from: United States ($871M), China ($262M), Germany ($189M), New Zealand ($137M), and Japan ($104M).

The fastest growing import markets in Miscellaneous edible preparations for South Korea between 2021 and 2022 were Germany ($54.8M), New Zealand ($30.2M), and China ($26.1M).

COMPANIES In 2023, leading companies such as LG Electronics (189), Nexen Tire (142), and Samsung (20) were at the forefront of shipping Miscellaneous edible preparations from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$23M(17.9%)
IMPORT GROWTH (July 2023 - July 2024)$22.7M(9.71%)
MAIN DESTINATION (July 2024)China$25.8M

This section shows Miscellaneous edible 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 Miscellaneous edible preparations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.52B
IMPORTS (2022)$2.29B
NET TRADE (2022)-$768M

In 2022, South Korea exported $1.52B in Miscellaneous edible preparations. The main destinations of South Korea exports on Miscellaneous edible preparations were China ($245M), United States ($217M), Japan ($179M), Vietnam ($119M), and Russia ($94.8M).

In 2022, South Korea imported $2.29B in Miscellaneous edible preparations, mainly from United States ($871M), China ($262M), Germany ($189M), New Zealand ($137M), and Japan ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Miscellaneous edible preparations EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$24M (25.1%)
United States$19.3M (9.77%)
Israel$9.34M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Miscellaneous edible preparations BY South Korea WERE (2021 - 2022):
Malaysia-$17.1M (-30.4%)
Japan-$11.3M (-5.91%)
Hong Kong-$7.33M (-12%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Miscellaneous edible preparations were:
In 2022, South Korea's main importing competitors in Miscellaneous edible preparations were:

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Trade Value of Miscellaneous edible preparations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $65.6M
TOP IMPORT POTENTIALChina+ $86.1M

Miscellaneous edible preparations’s highest export potential is China. With an export gap of $65.6M.   Miscellaneous edible preparations’s highest import potential is China with an import gap of $86.1M.

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