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2022
Exports $28.9kWorld Rnk 63 / 114
Flag Rnk 1153 / 1204
2022
Destination $4.97k United States
2021 - 2022
FASTEST GROWING MARKET $4.97kFrance
2022
PRODUCT COMPLEXITY IN Sorghum-2.52Rnk 1020 / 1025
2022
Imports $2.75MWorld Rnk 39 / 167
Flag Rnk 1076 / 1213
2022
Origin $267k China
2021 - 2022
FASTEST GROWING ORIGIN $267kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $28.9k in Sorghum, making it the 63rd largest exporter of Sorghum in the world. At the same year, Sorghum was the 1153rd most exported product in South Korea. The main destination of Sorghum exports from South Korea are: United States ($16.4k), France ($5.5k), Canada ($4.16k), Australia ($891), and Vietnam ($739).

The fastest growing export markets for Sorghum of South Korea between 2021 and 2022 were France ($4.97k), Netherlands ($479), and Vietnam ($204).

Imports In 2022, South Korea imported $2.75M in Sorghum, becoming the 39th largest importer of Sorghum in the world. At the same year, Sorghum was the 1076th most imported product in South Korea. South Korea imports Sorghum primarily from: China ($1.81M), United States ($770k), Australia ($107k), Ukraine ($65k), and Germany ($1.28k).

The fastest growing import markets in Sorghum for South Korea between 2021 and 2022 were United States ($267k), China ($58.2k), and Australia ($39.1k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Sorghum exports accounted up to $15k and imports accounted up to $162k, resulting in a negative trade balance of $147k. Between October 2023 and October 2024 the exports of South Korea's   Sorghum have remained the same by $0 (0%) from $15k to $15k, while imports decreased by $-58k (-26.4%) from $220k to $162k.

Destinations In October 2024, Sorghum were exported mostly to United States ($15k), China ($0), and Japan ($0), and were imported mostly from China ($162k), Japan ($0), and United States ($0).

Growth In October 2024, the change in Sorghum's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Sorghum's year-by-year imports was explained primarily by a decrease in imports from China ($-60k or -19.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$-58k(-26.4%)
MAIN DESTINATION (October 2024)United States$15k

This section shows Sorghum'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 Sorghum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$28.9k
IMPORTS (2022)$2.75M
NET TRADE (2022)-$2.73M

In 2022, South Korea exported $28.9k in Sorghum. The main destinations of South Korea exports on Sorghum were United States ($16.4k), France ($5.5k), Canada ($4.16k), Australia ($891), and Vietnam ($739).

In 2022, South Korea imported $2.75M in Sorghum, mainly from China ($1.81M), United States ($770k), Australia ($107k), Ukraine ($65k), and Germany ($1.28k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sorghum EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
France$4.97k (940%)
Netherlands$479 (1%)
Vietnam$204 (38.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sorghum BY South Korea WERE (2021 - 2022):
United States-$5.72k (-25.9%)
Germany-$2.76k (-100%)
Austria-$2.61k (-100%)
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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 Sorghum were:
United States $2.24B
Australia $737M
Argentina $469M
In 2022, South Korea's main importing competitors in Sorghum were:
China $2.94B
Mexico $128M
Japan $93.5M

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Trade Value of Sorghum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.18k
TOP IMPORT POTENTIALUnited States+ $715k

Sorghum’s highest export potential is France. With an export gap of $2.18k.   Sorghum’s highest import potential is United States with an import gap of $715k.

See methodology.

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