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2022
Exports $13.6MWorld Rnk 52 / 181
Flag Rnk 696 / 1204
2022
Destination $224k China
2021 - 2022
FASTEST GROWING MARKET $224kVietnam
2022
PRODUCT COMPLEXITY IN Other Nuts-1.66Rnk 968 / 1025
2022
Imports $277MWorld Rnk 18 / 218
Flag Rnk 292 / 1213
2022
Origin $1.14M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.14MPeru
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $13.6M in Other Nuts, making it the 52nd largest exporter of Other Nuts in the world. At the same year, Other Nuts was the 696th most exported product in South Korea. The main destination of Other Nuts exports from South Korea are: China ($9.81M), United States ($1.74M), Japan ($1.02M), Vietnam ($256k), and Russia ($152k).

The fastest growing export markets for Other Nuts of South Korea between 2021 and 2022 were Vietnam ($224k), Russia ($152k), and Canada ($112k).

Imports In 2022, South Korea imported $277M in Other Nuts, becoming the 18th largest importer of Other Nuts in the world. At the same year, Other Nuts was the 292nd most imported product in South Korea. South Korea imports Other Nuts primarily from: United States ($251M), Australia ($13.3M), China ($6.87M), Chile ($1.61M), and Peru ($1.14M).

The fastest growing import markets in Other Nuts for South Korea between 2021 and 2022 were Peru ($1.14M), Canada ($201k), and Indonesia ($88.5k).

COMPANIES In 2023, leading companies such as General Motors (4) were at the forefront of shipping Other Nuts from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Nuts exports accounted up to $6.4M and imports accounted up to $27M, resulting in a negative trade balance of $20.6M. Between October 2023 and October 2024 the exports of South Korea's   Other Nuts have decreased by $-2.33M (-26.7%) from $8.73M to $6.4M, while imports increased by $10.1M (59.7%) from $16.9M to $27M.

Destinations In October 2024, Other Nuts were exported mostly to China ($5.3M), United States ($692k), Japan ($387k), Chinese Taipei ($10k), and Mongolia ($4k), and were imported mostly from United States ($23.7M), Australia ($1.8M), China ($661k), Vietnam ($220k), and Turkey ($210k).

Growth In October 2024, the decrease in Other Nuts's year-by-year exports was explained primarily by a decrease in exports to Russia ($-54k or -64.3%), Chinese Taipei ($-46k or -100%), and Australia ($-4k or -66.7%). In October 2024, the increase in Other Nuts's year-by-year imports was explained primarily by an increase in imports from United States ($157k or 0.81%), Spain ($28k or 215%), and Vietnam ($12k or 23.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-2.33M(-26.7%)
IMPORT GROWTH (October 2023 - October 2024)$10.1M(59.7%)
MAIN DESTINATION (October 2024)China$5.3M

This section shows Other Nuts'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 Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$277M
NET TRADE (2022)-$264M

In 2022, South Korea exported $13.6M in Other Nuts. The main destinations of South Korea exports on Other Nuts were China ($9.81M), United States ($1.74M), Japan ($1.02M), Vietnam ($256k), and Russia ($152k).

In 2022, South Korea imported $277M in Other Nuts, mainly from United States ($251M), Australia ($13.3M), China ($6.87M), Chile ($1.61M), and Peru ($1.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Nuts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$224k (697%)
Russia$152k (90k%)
Canada$112k (1.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nuts BY South Korea WERE (2021 - 2022):
China-$2.59M (-20.9%)
Turkey-$230k (-100%)
Australia-$194k (-91%)
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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 Nuts were:
United States $8.33B
Turkey $1.51B
China $890M
In 2022, South Korea's main importing competitors in Other Nuts were:
Germany $2.05B
China $1.85B
India $1.54B

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Trade Value of Other Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.11M
TOP IMPORT POTENTIALChina+ $7.46M

Other Nuts’s highest export potential is China. With an export gap of $4.11M.   Other Nuts’s highest import potential is China with an import gap of $7.46M.

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