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2022
Exports $78.3MWorld Rnk 34 / 153
Flag Rnk 412 / 1204
2022
Destination $33.3M Vietnam
2021 - 2022
FASTEST GROWING MARKET $33.3MVietnam
2022
PRODUCT COMPLEXITY IN Poultry Meat-0.15Rnk 596 / 1025
2022
Imports $478MWorld Rnk 18 / 221
Flag Rnk 196 / 1213
2022
Origin $199M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $199MBrazil
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $78.3M in Poultry Meat, making it the 34th largest exporter of Poultry Meat in the world. At the same year, Poultry Meat was the 412th most exported product in South Korea. The main destination of Poultry Meat exports from South Korea are: Vietnam ($78M), Hong Kong ($240k), Bahamas ($7.14k), Armenia ($2.77k), and Lebanon ($490).

The fastest growing export markets for Poultry Meat of South Korea between 2021 and 2022 were Vietnam ($33.3M), Hong Kong ($68.9k), and Bahamas ($7.14k).

Imports In 2022, South Korea imported $478M in Poultry Meat, becoming the 18th largest importer of Poultry Meat in the world. At the same year, Poultry Meat was the 196th most imported product in South Korea. South Korea imports Poultry Meat primarily from: Brazil ($404M), Thailand ($40.9M), United States ($10M), Hong Kong ($9.62M), and Denmark ($3.87M).

The fastest growing import markets in Poultry Meat for South Korea between 2021 and 2022 were Brazil ($199M), Thailand ($6.21M), and United States ($5.68M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Poultry Meat exports accounted up to $7.39M and imports accounted up to $40.6M, resulting in a negative trade balance of $33.2M. Between September 2023 and September 2024 the exports of South Korea's   Poultry Meat have increased by $1.86M (33.6%) from $5.53M to $7.39M, while imports decreased by $-25.9M (-39%) from $66.5M to $40.6M.

Destinations In September 2024, Poultry Meat were exported mostly to Vietnam ($7.38M), Hong Kong ($9k), Philippines ($0), Singapore ($0), and Thailand ($0), and were imported mostly from Brazil ($32.1M), Thailand ($6.73M), Denmark ($681k), United States ($386k), and Finland ($270k).

Growth In September 2024, the increase in Poultry Meat's year-by-year exports was explained primarily by an increase in exports to Vietnam ($271k or 7.2%). In September 2024, the decrease in Poultry Meat's year-by-year imports was explained primarily by a decrease in imports from Chile ($-132k or -53.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.86M(33.6%)
IMPORT GROWTH (September 2023 - September 2024)$-25.9M(-39%)
MAIN DESTINATION (September 2024)Vietnam$7.38M

This section shows Poultry Meat'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 Poultry Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$78.3M
IMPORTS (2022)$478M
NET TRADE (2022)-$399M

In 2022, South Korea exported $78.3M in Poultry Meat. The main destinations of South Korea exports on Poultry Meat were Vietnam ($78M), Hong Kong ($240k), Bahamas ($7.14k), Armenia ($2.77k), and Lebanon ($490).

In 2022, South Korea imported $478M in Poultry Meat, mainly from Brazil ($404M), Thailand ($40.9M), United States ($10M), Hong Kong ($9.62M), and Denmark ($3.87M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Poultry Meat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$33.3M (74.6%)
Hong Kong$68.9k (40.2%)
Bahamas$7.14k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Poultry Meat BY South Korea WERE (2021 - 2022):
Austria-$1.84k (-100%)
Bangladesh-$1.35k (-100%)
Japan-$1.01k (-100%)
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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 Poultry Meat were:
Brazil $8.95B
United States $5.43B
Poland $4.41B
In 2022, South Korea's main importing competitors in Poultry Meat were:
China $3.76B
Germany $2.51B
France $2.05B

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Trade Value of Poultry Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $483k
TOP IMPORT POTENTIALUnited States+ $11.3M

Poultry Meat’s highest export potential is Hong Kong. With an export gap of $483k.   Poultry Meat’s highest import potential is United States with an import gap of $11.3M.

See methodology.

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