2023
Exports
$9.66MWorld Rnk 37 / 102
Flag Rnk 703 / 1188
falsefalse Japan
2023
PRODUCT COMPLEXITY IN Starch Residue
-0.091Rnk 587 / 1025
2023
Imports
$694MWorld Rnk 1 / 153
Flag Rnk 126 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $9.66M in Starch Residue, making it the 37th largest exporter of Starch Residue in the world. At the same year, Starch Residue was the 703rd most exported product in South Korea. The main destination of Starch Residue exports from South Korea are: Japan ($8.14M), Thailand ($580k), Malaysia ($466k), Burma ($304k), and Cambodia ($130k).

Imports In 2023, South Korea imported $694M in Starch Residue, becoming the 1st largest importer of Starch Residue in the world. At the same year, Starch Residue was the 126th most imported product in South Korea. South Korea imports Starch Residue primarily from: United States ($382M), China ($241M), Egypt ($38.3M), Thailand ($19.7M), and Australia ($6.62M).

The fastest growing import markets in Starch Residue for South Korea between 2022 and 2023 were Thailand ($17.8M), Canada ($1.14M), and India ($890k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$449k(35.7%)
IMPORT GROWTH (December 2023 - December 2024)$-11M(-24.6%)
MAIN DESTINATION (December 2024)Japan$1.58M

This section shows Starch Residue'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 Starch Residue over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.66M
IMPORTS (2023)$694M
NET TRADE (2023)-$684M

In 2023, South Korea exported $9.66M in Starch Residue. The main destinations of South Korea exports on Starch Residue were Japan ($8.14M), Thailand ($580k), Malaysia ($466k), Burma ($304k), and Cambodia ($130k).

In 2023, South Korea imported $694M in Starch Residue, mainly from United States ($382M), China ($241M), Egypt ($38.3M), Thailand ($19.7M), and Australia ($6.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Starch Residue BY South Korea WERE (2022 - 2023):
Japan-$4.27M (-34.4%)
Vietnam-$2.27M (-100%)
Malaysia-$552k (-54.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Starch Residue were:
In 2023, South Korea's main importing competitors in Starch Residue were:

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Trade Value of Starch Residue by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $728k
TOP IMPORT POTENTIALUkraine+ $1.8M

Starch Residue’s highest export potential is Vietnam. With an export gap of $728k.   Starch Residue’s highest import potential is Ukraine with an import gap of $1.8M.

See methodology.

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