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2022
Exports $6.1MWorld Rnk 38 / 193
Flag Rnk 797 / 1204
2022
Destination $138k United States
2021 - 2022
FASTEST GROWING MARKET $138kHong Kong
2022
PRODUCT COMPLEXITY IN Other Animals-1.22Rnk 884 / 1025
2022
Imports $27.8MWorld Rnk 16 / 201
Flag Rnk 781 / 1213
2022
Origin $1.09M China
2021 - 2022
FASTEST GROWING ORIGIN $1.09MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.1M in Other Animals, making it the 38th largest exporter of Other Animals in the world. At the same year, Other Animals was the 797th most exported product in South Korea. The main destination of Other Animals exports from South Korea are: United States ($3.14M), Japan ($752k), Canada ($606k), Hong Kong ($241k), and Philippines ($237k).

The fastest growing export markets for Other Animals of South Korea between 2021 and 2022 were Hong Kong ($138k), Czechia ($124k), and Singapore ($87.8k).

Imports In 2022, South Korea imported $27.8M in Other Animals, becoming the 16th largest importer of Other Animals in the world. At the same year, Other Animals was the 781st most imported product in South Korea. South Korea imports Other Animals primarily from: China ($7.93M), United States ($7.08M), Japan ($4.39M), Netherlands ($1.38M), and Vietnam ($963k).

The fastest growing import markets in Other Animals for South Korea between 2021 and 2022 were United States ($1.09M), Australia ($251k), and Czechia ($245k).

COMPANIES In 2023, leading companies such as Yokohama Industries (1) and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (1) were at the forefront of shipping Other Animals from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Animals exports accounted up to $639k and imports accounted up to $2.17M, resulting in a negative trade balance of $1.53M. Between July 2023 and July 2024 the exports of South Korea's   Other Animals have increased by $121k (23.4%) from $518k to $639k, while imports decreased by $-6.46M (-74.8%) from $8.63M to $2.17M.

Destinations In July 2024, Other Animals were exported mostly to United States ($438k), Japan ($56k), Thailand ($21k), Philippines ($17k), and Singapore ($17k), and were imported mostly from China ($769k), United States ($470k), Japan ($246k), Czechia ($173k), and France ($91k).

Growth In July 2024, the increase in Other Animals's year-by-year exports was explained primarily by an increase in exports to Japan ($18k or 18.2%), Canada ($6k or 8.33%), and Hong Kong ($5k or 500%). In July 2024, the decrease in Other Animals's year-by-year imports was explained primarily by a decrease in imports from China ($-561k or -40.8%), Philippines ($-60k or -100%), and Netherlands ($-53k or -46.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$121k(23.4%)
IMPORT GROWTH (July 2023 - July 2024)$-6.46M(-74.8%)
MAIN DESTINATION (July 2024)United States$438k

This section shows Other 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 Other Animals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.1M
IMPORTS (2022)$27.8M
NET TRADE (2022)-$21.7M

In 2022, South Korea exported $6.1M in Other Animals. The main destinations of South Korea exports on Other Animals were United States ($3.14M), Japan ($752k), Canada ($606k), Hong Kong ($241k), and Philippines ($237k).

In 2022, South Korea imported $27.8M in Other Animals, mainly from China ($7.93M), United States ($7.08M), Japan ($4.39M), Netherlands ($1.38M), and Vietnam ($963k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Animals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$138k (133%)
Czechia$124k (1%)
Singapore$87.8k (522%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Animals BY South Korea WERE (2021 - 2022):
Canada-$430k (-41.5%)
United States-$411k (-11.6%)
Japan-$360k (-32.4%)
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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 Other Animals were:
Netherlands $195M
United States $138M
Sudan $118M
In 2022, South Korea's main importing competitors in Other Animals were:
United States $238M
Canada $140M
Egypt $126M

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Trade Value of Other Animals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $360k
TOP IMPORT POTENTIALVietnam+ $596k

Other Animals’s highest export potential is United States. With an export gap of $360k.   Other Animals’s highest import potential is Vietnam with an import gap of $596k.

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