Overview In June 2023 South Korea's Processed Crustaceans exports accounted up to $16.4M and imports accounted up to $54.3M, resulting in a negative trade balance of $37.8M. Between June 2022 and June 2023 the exports of South Korea's Processed Crustaceans have increased by $346k (2.15%) from $16.1M to $16.4M, while imports increased by $5.35M (10.9%) from $48.9M to $54.3M.
Destinations In June 2023, Processed Crustaceans were exported mostly to China ($6.18M), Japan ($5.45M), United States ($2.31M), Hong Kong ($1.12M), and Belgium ($411k), and were imported mostly from Vietnam ($16.1M), China ($11.7M), Peru ($10.6M), Thailand ($4.63M), and United Kingdom ($3.84M).
Growth In June 2023, the increase in Processed Crustaceans's year-by-year exports was explained primarily by an increase in exports to China ($2.09M or 222%), United States ($2.04M or 89.5%), and Japan ($1.63M or 114%). In June 2023, the increase in Processed Crustaceans's year-by-year imports was explained primarily by an increase in imports from Russia ($2.44M or 27.1k%), Vietnam ($1.46M or 13.8%), and Thailand ($921k or 27.7%).