2023
Exports
$1.11BWorld Rnk 19 / 215
Flag Rnk 34 / 96
2023
PRODUCT COMPLEXITY IN Preparations of vegetables, fruit, nuts or other plant parts
0.5Rnk 372 / 1025
2023
Imports
$1.42BWorld Rnk 12 / 226
Flag Rnk 41 / 96
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $1.11B in Preparations of vegetables, fruit, nuts or other plant parts, making it the 19th largest exporter of Preparations of vegetables, fruit, nuts or other plant parts in the world. At the same year, Preparations of vegetables, fruit, nuts or other plant parts was the 34th most exported product in South Korea. The main destination of Preparations of vegetables, fruit, nuts or other plant parts exports from South Korea are: United States ($296M), Japan ($266M), China ($156M), Thailand ($69.9M), and Chinese Taipei ($55.1M).

The fastest growing export markets for Preparations of vegetables, fruit, nuts or other plant parts of South Korea between 2022 and 2023 were Japan ($38.3M), Thailand ($22.8M), and United States ($20.3M).

Imports In 2023, South Korea imported $1.42B in Preparations of vegetables, fruit, nuts or other plant parts, becoming the 12th largest importer of Preparations of vegetables, fruit, nuts or other plant parts in the world. At the same year, Preparations of vegetables, fruit, nuts or other plant parts was the 41st most imported product in South Korea. South Korea imports Preparations of vegetables, fruit, nuts or other plant parts primarily from: China ($707M), United States ($246M), Thailand ($88.6M), Spain ($61.6M), and Italy ($45.9M).

The fastest growing import markets in Preparations of vegetables, fruit, nuts or other plant parts for South Korea between 2022 and 2023 were China ($159M), Thailand ($10.2M), and Italy ($9.54M).

COMPANIES In 2024, leading companies such as Costco Wholesale (29), Goya Foods (17), and LG Electronics (10) were at the forefront of shipping Preparations of vegetables, fruit, nuts or other plant parts from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$12.2M(15.5%)
IMPORT GROWTH (December 2023 - December 2024)$45M(40%)
MAIN DESTINATION (December 2024)United States$28.8M

This section shows Preparations of vegetables, fruit, nuts or other plant parts'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 Preparations of vegetables, fruit, nuts or other plant parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.11B
IMPORTS (2023)$1.42B
NET TRADE (2023)-$311M

In 2023, South Korea exported $1.11B in Preparations of vegetables, fruit, nuts or other plant parts. The main destinations of South Korea exports on Preparations of vegetables, fruit, nuts or other plant parts were United States ($296M), Japan ($266M), China ($156M), Thailand ($69.9M), and Chinese Taipei ($55.1M).

In 2023, South Korea imported $1.42B in Preparations of vegetables, fruit, nuts or other plant parts, mainly from China ($707M), United States ($246M), Thailand ($88.6M), Spain ($61.6M), and Italy ($45.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Preparations of vegetables, fruit, nuts or other plant parts EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Japan$38.3M (16.8%)
Thailand$22.8M (48.5%)
United States$20.3M (7.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Preparations of vegetables, fruit, nuts or other plant parts BY South Korea WERE (2022 - 2023):
Russia-$44.2M (-100%)
Vietnam-$31.6M (-100%)
Hong Kong-$7.33M (-26.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Preparations of vegetables, fruit, nuts or other plant parts were:
In 2023, South Korea's main importing competitors in Preparations of vegetables, fruit, nuts or other plant parts were:

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Trade Value of Preparations of vegetables, fruit, nuts or other plant parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.8M
TOP IMPORT POTENTIALThailand+ $16.9M

Preparations of vegetables, fruit, nuts or other plant parts’s highest export potential is China. With an export gap of $27.8M.   Preparations of vegetables, fruit, nuts or other plant parts’s highest import potential is Thailand with an import gap of $16.9M.

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