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2022
Exports $3.71MWorld Rnk 50 / 151
Flag Rnk 861 / 1204
2022
Destination $1.01M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.01MHong Kong
2022
PRODUCT COMPLEXITY IN Pitted Fruits-1.05Rnk 847 / 1025
2022
Imports $98MWorld Rnk 15 / 200
Flag Rnk 517 / 1213
2022
Origin $1.25M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.25MCanada
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.71M in Pitted Fruits, making it the 50th largest exporter of Pitted Fruits in the world. At the same year, Pitted Fruits was the 861st most exported product in South Korea. The main destination of Pitted Fruits exports from South Korea are: Hong Kong ($2.97M), Singapore ($245k), Indonesia ($237k), Malaysia ($124k), and Thailand ($38k).

The fastest growing export markets for Pitted Fruits of South Korea between 2021 and 2022 were Hong Kong ($1.01M), Guam ($29k), and Vietnam ($19k).

Imports In 2022, South Korea imported $98M in Pitted Fruits, becoming the 15th largest importer of Pitted Fruits in the world. At the same year, Pitted Fruits was the 517th most imported product in South Korea. South Korea imports Pitted Fruits primarily from: United States ($58.8M), Chile ($36.9M), Canada ($1.25M), Uzbekistan ($544k), and New Zealand ($339k).

The fastest growing import markets in Pitted Fruits for South Korea between 2021 and 2022 were Canada ($1.25M), New Zealand ($147k), and Australia ($70.3k).

Latest Trends

August 2024

About

Overview In August 2024 South Korea's Pitted Fruits exports accounted up to $576k and imports accounted up to $8.05M, resulting in a negative trade balance of $7.48M. Between August 2023 and August 2024 the exports of South Korea's   Pitted Fruits have increased by $154k (36.5%) from $422k to $576k, while imports decreased by $-6.68M (-45.3%) from $14.7M to $8.05M.

Destinations In August 2024, Pitted Fruits were exported mostly to Hong Kong ($302k), Singapore ($103k), Indonesia ($63k), Thailand ($41k), and Malaysia ($37k), and were imported mostly from United States ($6.72M), Canada ($1.34M), United Arab Emirates ($0), Hong Kong ($0), and Indonesia ($0).

Growth In August 2024, the increase in Pitted Fruits's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Pitted Fruits's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-290k or -99.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$154k(36.5%)
IMPORT GROWTH (August 2023 - August 2024)$-6.68M(-45.3%)
MAIN DESTINATION (August 2024)Hong Kong$302k

This section shows Pitted Fruits'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 Pitted Fruits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.71M
IMPORTS (2022)$98M
NET TRADE (2022)-$94.3M

In 2022, South Korea exported $3.71M in Pitted Fruits. The main destinations of South Korea exports on Pitted Fruits were Hong Kong ($2.97M), Singapore ($245k), Indonesia ($237k), Malaysia ($124k), and Thailand ($38k).

In 2022, South Korea imported $98M in Pitted Fruits, mainly from United States ($58.8M), Chile ($36.9M), Canada ($1.25M), Uzbekistan ($544k), and New Zealand ($339k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pitted Fruits EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$1.01M (51.6%)
Guam$29k (1%)
Vietnam$19k (693%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pitted Fruits BY South Korea WERE (2021 - 2022):
Singapore-$60.8k (-19.9%)
Malaysia-$45.3k (-26.7%)
Thailand-$13.8k (-26.6%)
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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 Pitted Fruits were:
Chile $2.45B
Hong Kong $1.44B
Spain $1.29B
In 2022, South Korea's main importing competitors in Pitted Fruits were:
China $3.58B
Germany $780M
Russia $614M

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Trade Value of Pitted Fruits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMalaysia+ $46.6k
TOP IMPORT POTENTIALCanada+ $704k

Pitted Fruits’s highest export potential is Malaysia. With an export gap of $46.6k.   Pitted Fruits’s highest import potential is Canada with an import gap of $704k.

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