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2023
Exports $17.6MWorld Rnk 22 / 183
Flag Rnk 627 / 1188
2023
Destination $422k United States
2022 - 2023
FASTEST GROWING MARKET $422kChinese Taipei
2023
PRODUCT COMPLEXITY IN Pepper-1.84Rnk 984 / 1025
2023
Imports $78.3MWorld Rnk 19 / 220
Flag Rnk 537 / 1208
2023
Origin $50.5M China
2022 - 2023
FASTEST GROWING ORIGIN $50.5MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $17.6M in Pepper, making it the 22nd largest exporter of Pepper in the world. At the same year, Pepper was the 627th most exported product in South Korea. The main destination of Pepper exports from South Korea are: United States ($5.94M), Japan ($3.29M), Chinese Taipei ($1.81M), Canada ($1.39M), and Australia ($1.07M).

The fastest growing export markets for Pepper of South Korea between 2022 and 2023 were Chinese Taipei ($422k), Japan ($391k), and Malaysia ($91.7k).

Imports In 2023, South Korea imported $78.3M in Pepper, becoming the 19th largest importer of Pepper in the world. At the same year, Pepper was the 537th most imported product in South Korea. South Korea imports Pepper primarily from: China ($70.2M), Malaysia ($2.5M), India ($1.73M), United States ($1.37M), and Italy ($606k).

The fastest growing import markets in Pepper for South Korea between 2022 and 2023 were China ($50.5M), India ($1.09M), and United States ($796k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Pepper exports accounted up to $1.96M and imports accounted up to $6.74M, resulting in a negative trade balance of $4.79M. Between December 2023 and December 2024 the exports of South Korea's   Pepper have increased by $36k (1.88%) from $1.92M to $1.96M, while imports decreased by $-1.36M (-16.8%) from $8.11M to $6.74M.

Destinations In December 2024, Pepper were exported mostly to United States ($584k), Canada ($231k), Chinese Taipei ($202k), Vietnam ($135k), and Netherlands ($115k), and were imported mostly from Vietnam ($4.06M), China ($1.75M), Malaysia ($366k), Indonesia ($215k), and Cambodia ($206k).

Growth In December 2024, the increase in Pepper's year-by-year exports was explained primarily by an increase in exports to United States ($311k or 84.3%), Chinese Taipei ($53k or 34.4%), and Australia ($52k or 153%). In December 2024, the decrease in Pepper's year-by-year imports was explained primarily by a decrease in imports from United States ($-33k or -39.3%), Italy ($-4k or -100%), and Uganda ($-2k or -40%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$36k(1.88%)
IMPORT GROWTH (December 2023 - December 2024)$-1.36M(-16.8%)
MAIN DESTINATION (December 2024)United States$584k

This section shows Pepper'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 Pepper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$17.6M
IMPORTS (2023)$78.3M
NET TRADE (2023)-$60.7M

In 2023, South Korea exported $17.6M in Pepper. The main destinations of South Korea exports on Pepper were United States ($5.94M), Japan ($3.29M), Chinese Taipei ($1.81M), Canada ($1.39M), and Australia ($1.07M).

In 2023, South Korea imported $78.3M in Pepper, mainly from China ($70.2M), Malaysia ($2.5M), India ($1.73M), United States ($1.37M), and Italy ($606k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pepper EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$422k (30.4%)
Japan$391k (13.5%)
Malaysia$91.7k (32.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pepper BY South Korea WERE (2022 - 2023):
United States-$1.82M (-23.5%)
Vietnam-$528k (-100%)
Philippines-$482k (-72.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Pepper were:
India $1.42B
China $857M
Vietnam $794M
In 2023, South Korea's main importing competitors in Pepper were:
United States $884M
China $439M
Thailand $260M

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Trade Value of Pepper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.24M
TOP IMPORT POTENTIALChina+ $3.93M

Pepper’s highest export potential is United States. With an export gap of $1.24M.   Pepper’s highest import potential is China with an import gap of $3.93M.

See methodology.

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