2021
Exports | Imports
$52.4M | $265MWorld Rnk 54 / 193
Flag Rnk 82 / 96
World Rnk 24 / 223
Flag Rnk 79 / 96
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Products of the milling industry
0.5Rnk 367 / 1024

About

Exports In 2021, South Korea exported $52.4M in Products of the milling industry, making it the 54th largest exporter of Products of the milling industry in the world. At the same year, Products of the milling industry was the 82nd most exported product in South Korea. The main destination of Products of the milling industry exports from South Korea are: Malaysia ($10.8M), Hong Kong ($8.23M), United States ($7.54M), Chinese Taipei ($4.16M), and Thailand ($3.82M).

The fastest growing export markets for Products of the milling industry of South Korea between 2020 and 2021 were Chinese Taipei ($1.51M), Malaysia ($940k), and China ($802k).

Imports In 2021, South Korea imported $265M in Products of the milling industry, becoming the 24th largest importer of Products of the milling industry in the world. At the same year, Products of the milling industry was the 79th most imported product in South Korea. South Korea imports Products of the milling industry primarily from: Germany ($48.5M), China ($46.3M), Australia ($29.4M), Poland ($19.9M), and Denmark ($16.1M).

The fastest growing import markets in Products of the milling industry for South Korea between 2020 and 2021 were China ($9.44M), Germany ($5.87M), and Poland ($4.69M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$222k(5.55%)
IMPORT GROWTH (December 2022 - December 2023)$1.86M(5.17%)
MAIN DESTINATION (December 2023)Malaysia$1.27M

This section shows Products of the milling industry'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 Products of the milling industry over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$52.4M
IMPORTS (2021)$265M
NET TRADE (2021)-$213M

In 2021, South Korea exported $52.4M in Products of the milling industry. The main destinations of South Korea exports on Products of the milling industry were Malaysia ($10.8M), Hong Kong ($8.23M), United States ($7.54M), Chinese Taipei ($4.16M), and Thailand ($3.82M).

In 2021, South Korea imported $265M in Products of the milling industry, mainly from Germany ($48.5M), China ($46.3M), Australia ($29.4M), Poland ($19.9M), and Denmark ($16.1M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Products of the milling industry EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
Chinese Taipei$1.51M (56.8%)
Malaysia$940k (9.54%)
China$802k (30.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Products of the milling industry BY South Korea WERE (2020 - 2021):
Vietnam-$1.16M (-39.1%)
United States-$675k (-8.22%)
India-$209k (-86.7%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Products of the milling industry were:
In 2021, South Korea's main importing competitors in Products of the milling industry were:

Explore Visualizations

Trade Value of Products of the milling industry by Exporters

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