2023
Exports
$1.18MWorld Rnk 22 / 92
Flag Rnk 944 / 1188
2023
PRODUCT COMPLEXITY IN Other Edible Animal Products
-0.47Rnk 690 / 1025
2023
Imports
$8.57MWorld Rnk 9 / 157
Flag Rnk 923 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.18M in Other Edible Animal Products, making it the 22nd largest exporter of Other Edible Animal Products in the world. At the same year, Other Edible Animal Products was the 944th most exported product in South Korea. The main destination of Other Edible Animal Products exports from South Korea are: Hong Kong ($1.15M), New Zealand ($22.8k), Australia ($6.65k), and China ($1.15k).

The fastest growing export markets for Other Edible Animal Products of South Korea between 2022 and 2023 were Hong Kong ($271k), Australia ($1.26k), and China ($1.01k).

Imports In 2023, South Korea imported $8.57M in Other Edible Animal Products, becoming the 9th largest importer of Other Edible Animal Products in the world. At the same year, Other Edible Animal Products was the 923rd most imported product in South Korea. South Korea imports Other Edible Animal Products primarily from: China ($6.56M), Australia ($778k), Canada ($408k), United States ($323k), and Bulgaria ($242k).

The fastest growing import markets in Other Edible Animal Products for South Korea between 2022 and 2023 were China ($4.77M), Australia ($196k), and United States ($115k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-37k(-100%)
IMPORT GROWTH (December 2023 - December 2024)$107k(60.1%)
MAIN DESTINATION (December 2024)China$0

This section shows Other Edible Animal Products'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 Edible Animal Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.18M
IMPORTS (2023)$8.57M
NET TRADE (2023)-$7.39M

In 2023, South Korea exported $1.18M in Other Edible Animal Products. The main destinations of South Korea exports on Other Edible Animal Products were Hong Kong ($1.15M), New Zealand ($22.8k), Australia ($6.65k), and China ($1.15k).

In 2023, South Korea imported $8.57M in Other Edible Animal Products, mainly from China ($6.56M), Australia ($778k), Canada ($408k), United States ($323k), and Bulgaria ($242k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Edible Animal Products EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Hong Kong$271k (30.7%)
Australia$1.26k (23.3%)
China$1.01k (689%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Animal Products BY South Korea WERE (2022 - 2023):
Japan-$270k (-100%)
New Zealand-$23.1k (-50.2%)
Indonesia-$78 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Other Edible Animal Products were:
In 2023, South Korea's main importing competitors in Other Edible Animal Products were:

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Trade Value of Other Edible Animal Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustralia+ $7.6k
TOP IMPORT POTENTIALIndonesia+ $168k

Other Edible Animal Products’s highest export potential is Australia. With an export gap of $7.6k.   Other Edible Animal Products’s highest import potential is Indonesia with an import gap of $168k.

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