HS Icon Processed Crustaceans in  Flag South Korea

2021
Exports | Imports
: $275M | $1.46B, World Rnk 19 / 183
Flag Rnk 221 / 1206 | World Rnk 4 / 217
Flag Rnk 71 / 1211

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $18.7M | $58.4M, United States |  China

2021
ECONOMIC COMPLEXITY of South Korea
: 1.82, Rnk 4 / 131

2021
PRODUCT COMPLEXITY IN Processed Crustaceans
: -1.74, Rnk 975 / 1024

Exports In 2021, South Korea exported $275M in Processed Crustaceans, making it the 19th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 221st most exported product in South Korea. The main destination of Processed Crustaceans exports from South Korea are: China ($59.8M), United States ($57.6M), Japan ($56.1M), Hong Kong ($45.7M), and Chinese Taipei ($12.9M).

The fastest growing export markets for Processed Crustaceans of South Korea between 2020 and 2021 were United States ($18.7M), Canada ($3.08M), and Thailand ($857k).

Imports In 2021, South Korea imported $1.46B in Processed Crustaceans, becoming the 4th largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 71st most imported product in South Korea. South Korea imports Processed Crustaceans primarily from: China ($424M), Vietnam ($347M), Russia ($343M), Thailand ($117M), and Peru ($49.9M).

The fastest growing import markets in Processed Crustaceans for South Korea between 2020 and 2021 were China ($58.4M), Vietnam ($33.6M), and Thailand ($28.9M).

June 2023

Subnational Monthly Trade

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Time Scale
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EXPORT GROWTH (June 2022 - June 2023): $346k, (2.15%)

IMPORT GROWTH (June 2022 - June 2023): $5.35M, (10.9%)

MAIN DESTINATION (June 2023): China, $6.18M

This section shows Processed Crustaceans'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 Processed Crustaceans over time.

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Historical Data

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EXPORTS (2021): $275M

IMPORTS (2021): $1.46B

NET TRADE (2021): -$1.18B

In 2021, South Korea exported $275M in Processed Crustaceans. The main destinations of South Korea exports on Processed Crustaceans were China ($59.8M), United States ($57.6M), Japan ($56.1M), Hong Kong ($45.7M), and Chinese Taipei ($12.9M).

In 2021, South Korea imported $1.46B in Processed Crustaceans, mainly from China ($424M), Vietnam ($347M), Russia ($343M), Thailand ($117M), and Peru ($49.9M).

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Flow

THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR South Korea WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY South Korea WERE (2020 - 2021):

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Market Concentration

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In 2021, South Korea's main exporting competitors in Processed Crustaceans were:

In 2021, South Korea's main importing competitors in Processed Crustaceans were:

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