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2022
Exports $1.48MWorld Rnk 20 / 102
Flag Rnk 952 / 1204
2022
Destination $71.8k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $71.8kVietnam
2022
Imports $55.3MWorld Rnk 2 / 103
Flag Rnk 646 / 1213
2022
Origin $14.9M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $14.9MRussia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.48M in Raw Bones, making it the 20th largest exporter of Raw Bones in the world. At the same year, Raw Bones was the 952nd most exported product in South Korea. The main destination of Raw Bones exports from South Korea are: Hong Kong ($1.22M), Vietnam ($126k), United States ($60.5k), Mongolia ($49.9k), and Japan ($21.9k).

The fastest growing export markets for Raw Bones of South Korea between 2021 and 2022 were Vietnam ($71.8k), Mongolia ($49.9k), and United States ($26.6k).

Imports In 2022, South Korea imported $55.3M in Raw Bones, becoming the 2nd largest importer of Raw Bones in the world. At the same year, Raw Bones was the 646th most imported product in South Korea. South Korea imports Raw Bones primarily from: New Zealand ($21.6M), Russia ($16.4M), China ($9.67M), Hong Kong ($5.71M), and Mongolia ($898k).

The fastest growing import markets in Raw Bones for South Korea between 2021 and 2022 were Russia ($14.9M), China ($9.29M), and New Zealand ($4.59M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Raw Bones exports accounted up to $180k and imports accounted up to $2.74M, resulting in a negative trade balance of $2.56M. Between July 2023 and July 2024 the exports of South Korea's   Raw Bones have decreased by $-60k (-25%) from $240k to $180k, while imports decreased by $-2.77M (-50.2%) from $5.51M to $2.74M.

Destinations In July 2024, Raw Bones were exported mostly to Hong Kong ($180k), China ($0), Indonesia ($0), Mongolia ($0), and Russia ($0), and were imported mostly from New Zealand ($2.25M), Mongolia ($318k), Russia ($151k), Indonesia ($21k), and Australia ($1k).

Growth In July 2024, the decrease in Raw Bones's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Raw Bones's year-by-year imports was explained primarily by a decrease in imports from New Zealand ($-2.03M or -53.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-60k(-25%)
IMPORT GROWTH (July 2023 - July 2024)$-2.77M(-50.2%)
MAIN DESTINATION (July 2024)Hong Kong$180k

This section shows Raw Bones'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 Raw Bones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.48M
IMPORTS (2022)$55.3M
NET TRADE (2022)-$53.9M

In 2022, South Korea exported $1.48M in Raw Bones. The main destinations of South Korea exports on Raw Bones were Hong Kong ($1.22M), Vietnam ($126k), United States ($60.5k), Mongolia ($49.9k), and Japan ($21.9k).

In 2022, South Korea imported $55.3M in Raw Bones, mainly from New Zealand ($21.6M), Russia ($16.4M), China ($9.67M), Hong Kong ($5.71M), and Mongolia ($898k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Bones EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$71.8k (133%)
Mongolia$49.9k (1%)
United States$26.6k (78.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Bones BY South Korea WERE (2021 - 2022):
Hong Kong-$623k (-33.9%)
India-$3.12k (-100%)
China-$351 (-18%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Raw Bones were:
New Zealand $68M
Russia $39.4M
China $15.6M
In 2022, South Korea's main importing competitors in Raw Bones were:
China $69.6M
Germany $17.4M

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Trade Value of Raw Bones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $37.1k
TOP IMPORT POTENTIALIndia+ $39.1k

Raw Bones’s highest export potential is United States. With an export gap of $37.1k.   Raw Bones’s highest import potential is India with an import gap of $39.1k.

See methodology.

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