2023
Exports
$40MWorld Rnk 30 / 175
Flag Rnk 485 / 1188
2023
PRODUCT COMPLEXITY IN Other Sugars
-0.21Rnk 619 / 1025
2023
Imports
$152MWorld Rnk 21 / 220
Flag Rnk 377 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $40M in Other Sugars, making it the 30th largest exporter of Other Sugars in the world. At the same year, Other Sugars was the 485th most exported product in South Korea. The main destination of Other Sugars exports from South Korea are: Philippines ($15.6M), Japan ($4.19M), Indonesia ($3.69M), China ($2.85M), and United States ($2.77M).

The fastest growing export markets for Other Sugars of South Korea between 2022 and 2023 were Philippines ($2.23M), Malaysia ($387k), and United States ($308k).

Imports In 2023, South Korea imported $152M in Other Sugars, becoming the 21st largest importer of Other Sugars in the world. At the same year, Other Sugars was the 377th most imported product in South Korea. South Korea imports Other Sugars primarily from: China ($82.7M), United States ($17.7M), Netherlands ($16M), Germany ($6.01M), and France ($5.83M).

The fastest growing import markets in Other Sugars for South Korea between 2022 and 2023 were Netherlands ($9.16M), China ($2.69M), and Chile ($966k).

COMPANIES In 2024, leading companies such as Samsung (18), LG Electronics (8), and General Motors (3) were at the forefront of shipping Other Sugars from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$980k(19.6%)
IMPORT GROWTH (December 2023 - December 2024)$-1.68M(-8.97%)
MAIN DESTINATION (December 2024)Vietnam$1.34M

This section shows Other Sugars'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 Sugars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$40M
IMPORTS (2023)$152M
NET TRADE (2023)-$112M

In 2023, South Korea exported $40M in Other Sugars. The main destinations of South Korea exports on Other Sugars were Philippines ($15.6M), Japan ($4.19M), Indonesia ($3.69M), China ($2.85M), and United States ($2.77M).

In 2023, South Korea imported $152M in Other Sugars, mainly from China ($82.7M), United States ($17.7M), Netherlands ($16M), Germany ($6.01M), and France ($5.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Sugars EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Philippines$2.23M (16.7%)
Malaysia$387k (20.7%)
United States$308k (12.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sugars BY South Korea WERE (2022 - 2023):
Vietnam-$18.9M (-100%)
Japan-$2.86M (-40.6%)
Indonesia-$1.79M (-32.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Other Sugars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.64M
TOP IMPORT POTENTIALUnited States+ $4.57M

Other Sugars’s highest export potential is China. With an export gap of $5.64M.   Other Sugars’s highest import potential is United States with an import gap of $4.57M.

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