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Exports In 2022, South Korea exported $40.5M in Soups and broths and preparations thereof, making it the 25th largest exporter of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 996th most exported product in South Korea. The main destination of Soups and broths and preparations thereof exports from South Korea are: United States ($16.5M), Japan ($7.44M), Chinese Taipei ($2.18M), Australia ($2.13M), and Hong Kong ($1.98M).

The fastest growing export markets for Soups and broths and preparations thereof of South Korea between 2021 and 2022 were Japan ($1.11M), United States ($887k), and Australia ($514k).

Imports In 2022, South Korea imported $38.2M in Soups and broths and preparations thereof, becoming the 19th largest importer of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 1376th most imported product in South Korea. South Korea imports Soups and broths and preparations thereof primarily from: Japan ($11.5M), Australia ($6.73M), United States ($4.36M), Malaysia ($3.81M), and New Zealand ($3.55M).

The fastest growing import markets in Soups and broths and preparations thereof for South Korea between 2021 and 2022 were Japan ($3.87M), United States ($1.45M), and New Zealand ($1.19M).

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 Soups and broths and preparations thereof 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 Soups and broths and preparations thereof. 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)$40.5M
IMPORTS (2022)$38.2M
NET TRADE (2022)$2.2M

In 2022, South Korea exported $40.5M in Soups and broths and preparations thereof. The main destinations of South Korea exports on Soups and broths and preparations thereof were United States ($16.5M), Japan ($7.44M), Chinese Taipei ($2.18M), Australia ($2.13M), and Hong Kong ($1.98M).

In 2022, South Korea imported $38.2M in Soups and broths and preparations thereof, mainly from Japan ($11.5M), Australia ($6.73M), United States ($4.36M), Malaysia ($3.81M), and New Zealand ($3.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and broths and preparations thereof EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$1.11M (17.5%)
United States$887k (5.69%)
Australia$514k (31.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and broths and preparations thereof BY South Korea WERE (2021 - 2022):
Canada-$1.15M (-47.4%)
Singapore-$324k (-34.7%)
Vietnam-$307k (-33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Soups and broths and preparations thereof were:
In 2022, South Korea's main importing competitors in Soups and broths and preparations thereof were:

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Trade Value of Soups and broths and preparations thereof by Exporters

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