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Exports In 2022, South Korea exported $12.2M in Protein concentrates and textured protein substances, making it the 30th largest exporter of Protein concentrates and textured protein substances in the world. At the same year, Protein concentrates and textured protein substances was the 1629th most exported product in South Korea. The main destination of Protein concentrates and textured protein substances exports from South Korea are: United States ($4.15M), Hong Kong ($1.08M), Philippines ($941k), Australia ($932k), and Vietnam ($738k).

The fastest growing export markets for Protein concentrates and textured protein substances of South Korea between 2021 and 2022 were Philippines ($481k), China ($269k), and Qatar ($220k).

Imports In 2022, South Korea imported $65.8M in Protein concentrates and textured protein substances, becoming the 11th largest importer of Protein concentrates and textured protein substances in the world. At the same year, Protein concentrates and textured protein substances was the 997th most imported product in South Korea. South Korea imports Protein concentrates and textured protein substances primarily from: United States ($26.7M), China ($21.2M), India ($4.09M), Japan ($3.84M), and Serbia ($1.82M).

The fastest growing import markets in Protein concentrates and textured protein substances for South Korea between 2021 and 2022 were United States ($6.8M), China ($3.57M), and India ($824k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Protein concentrates and textured protein substances from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Protein concentrates and textured protein substances. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.2M
IMPORTS (2022)$65.8M
NET TRADE (2022)-$53.6M

In 2022, South Korea exported $12.2M in Protein concentrates and textured protein substances. The main destinations of South Korea exports on Protein concentrates and textured protein substances were United States ($4.15M), Hong Kong ($1.08M), Philippines ($941k), Australia ($932k), and Vietnam ($738k).

In 2022, South Korea imported $65.8M in Protein concentrates and textured protein substances, mainly from United States ($26.7M), China ($21.2M), India ($4.09M), Japan ($3.84M), and Serbia ($1.82M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Protein concentrates and textured protein substances EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$481k (105%)
China$269k (212%)
Qatar$220k (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Protein concentrates and textured protein substances BY South Korea WERE (2021 - 2022):
United States-$1.5M (-26.6%)
Kazakhstan-$254k (-100%)
Iran-$252k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Protein concentrates and textured protein substances were:
In 2022, South Korea's main importing competitors in Protein concentrates and textured protein substances were:

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Trade Value of Protein concentrates and textured protein substances by Exporters

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