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2022
Exports $182MWorld Rnk 18 / 176
Flag Rnk 295 / 1204
2022
Destination $8.36M Japan
2021 - 2022
FASTEST GROWING MARKET $8.36MVietnam
2022
PRODUCT COMPLEXITY IN Molluscs-1.46Rnk 942 / 1025
2022
Imports $853MWorld Rnk 6 / 215
Flag Rnk 130 / 1213
2022
Origin $71.2M China
2021 - 2022
FASTEST GROWING ORIGIN $71.2MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $182M in Molluscs, making it the 18th largest exporter of Molluscs in the world. At the same year, Molluscs was the 295th most exported product in South Korea. The main destination of Molluscs exports from South Korea are: Japan ($70.2M), China ($67.5M), United States ($15.2M), Vietnam ($13.9M), and Spain ($3.19M).

The fastest growing export markets for Molluscs of South Korea between 2021 and 2022 were Vietnam ($8.36M), United States ($1.01M), and Morocco ($791k).

Imports In 2022, South Korea imported $853M in Molluscs, becoming the 6th largest importer of Molluscs in the world. At the same year, Molluscs was the 130th most imported product in South Korea. South Korea imports Molluscs primarily from: China ($423M), Argentina ($71.6M), Vietnam ($59.1M), Japan ($58.9M), and Senegal ($52.1M).

The fastest growing import markets in Molluscs for South Korea between 2021 and 2022 were China ($71.2M), Senegal ($50M), and Vietnam ($17.4M).

COMPANIES In 2023, leading companies such as Samsung (129) were at the forefront of shipping Molluscs from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Molluscs exports accounted up to $24.2M and imports accounted up to $99.7M, resulting in a negative trade balance of $75.5M. Between October 2023 and October 2024 the exports of South Korea's   Molluscs have increased by $7.79M (47.6%) from $16.4M to $24.2M, while imports increased by $7.05M (7.6%) from $92.7M to $99.7M.

Destinations In October 2024, Molluscs were exported mostly to China ($7.29M), Japan ($6.38M), Spain ($3.65M), United States ($2.6M), and Vietnam ($1.18M), and were imported mostly from China ($45.4M), Vietnam ($20.5M), Japan ($4.64M), Chile ($4.28M), and Chinese Taipei ($3.8M).

Growth In October 2024, the increase in Molluscs's year-by-year exports was explained primarily by an increase in exports to Japan ($797k or 22.8%), Chinese Taipei ($139k or 29.4%), and Canada ($104k or 118%). In October 2024, the increase in Molluscs's year-by-year imports was explained primarily by an increase in imports from Peru ($3.74M or 216%), China ($3.31M or 9.37%), and Vietnam ($2.27M or 11.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$7.79M(47.6%)
IMPORT GROWTH (October 2023 - October 2024)$7.05M(7.6%)
MAIN DESTINATION (October 2024)China$7.29M

This section shows Molluscs'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 Molluscs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$182M
IMPORTS (2022)$853M
NET TRADE (2022)-$670M

In 2022, South Korea exported $182M in Molluscs. The main destinations of South Korea exports on Molluscs were Japan ($70.2M), China ($67.5M), United States ($15.2M), Vietnam ($13.9M), and Spain ($3.19M).

In 2022, South Korea imported $853M in Molluscs, mainly from China ($423M), Argentina ($71.6M), Vietnam ($59.1M), Japan ($58.9M), and Senegal ($52.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molluscs EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$8.36M (151%)
United States$1.01M (7.08%)
Morocco$791k (535%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molluscs BY South Korea WERE (2021 - 2022):
China-$11.1M (-14.1%)
Japan-$4.32M (-5.8%)
Spain-$3.84M (-54.6%)
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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 Molluscs were:
China $2.77B
Spain $889M
Japan $839M
In 2022, South Korea's main importing competitors in Molluscs were:
China $1.71B
Spain $1.65B
Italy $1.2B

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Trade Value of Molluscs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.7M
TOP IMPORT POTENTIALIndonesia+ $14.4M

Molluscs’s highest export potential is China. With an export gap of $18.7M.   Molluscs’s highest import potential is Indonesia with an import gap of $14.4M.

See methodology.

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