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2022
Exports $129MWorld Rnk 16 / 182
Flag Rnk 346 / 1204
2022
Destination $4.31M Japan
2021 - 2022
FASTEST GROWING MARKET $4.31MDenmark
2022
PRODUCT COMPLEXITY IN Vegetable Saps-0.98Rnk 834 / 1025
2022
Imports $366MWorld Rnk 6 / 210
Flag Rnk 238 / 1213
2022
Origin $26.2M China
2021 - 2022
FASTEST GROWING ORIGIN $26.2MFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $129M in Vegetable Saps, making it the 16th largest exporter of Vegetable Saps in the world. At the same year, Vegetable Saps was the 346th most exported product in South Korea. The main destination of Vegetable Saps exports from South Korea are: Japan ($34.9M), United States ($27.3M), China ($18.6M), Denmark ($10.1M), and Thailand ($4.98M).

The fastest growing export markets for Vegetable Saps of South Korea between 2021 and 2022 were Denmark ($4.31M), Thailand ($3.03M), and Netherlands ($1.2M).

Imports In 2022, South Korea imported $366M in Vegetable Saps, becoming the 6th largest importer of Vegetable Saps in the world. At the same year, Vegetable Saps was the 238th most imported product in South Korea. South Korea imports Vegetable Saps primarily from: China ($97.6M), Vietnam ($62.3M), India ($46.4M), United States ($34.1M), and France ($32.2M).

The fastest growing import markets in Vegetable Saps for South Korea between 2021 and 2022 were France ($26.2M), Vietnam ($19.8M), and China ($11.9M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Vegetable Saps exports accounted up to $8.78M and imports accounted up to $32M, resulting in a negative trade balance of $23.2M. Between July 2023 and July 2024 the exports of South Korea's   Vegetable Saps have increased by $1.27M (16.8%) from $7.52M to $8.78M, while imports increased by $10.8M (50.8%) from $21.2M to $32M.

Destinations In July 2024, Vegetable Saps were exported mostly to United States ($3.59M), Japan ($1.73M), China ($632k), Singapore ($479k), and Philippines ($316k), and were imported mostly from France ($5.85M), China ($5.66M), Spain ($4.34M), Vietnam ($2.75M), and United States ($2.57M).

Growth In July 2024, the increase in Vegetable Saps's year-by-year exports was explained primarily by an increase in exports to Thailand ($493k or 264%), Denmark ($441k or 68.3%), and Japan ($414k or 31.8%). In July 2024, the increase in Vegetable Saps's year-by-year imports was explained primarily by an increase in imports from France ($3.37M or 161%), Vietnam ($2.26M or 46.4%), and United States ($1.62M or 122%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.27M(16.8%)
IMPORT GROWTH (July 2023 - July 2024)$10.8M(50.8%)
MAIN DESTINATION (July 2024)United States$3.59M

This section shows Vegetable Saps'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 Vegetable Saps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$129M
IMPORTS (2022)$366M
NET TRADE (2022)-$237M

In 2022, South Korea exported $129M in Vegetable Saps. The main destinations of South Korea exports on Vegetable Saps were Japan ($34.9M), United States ($27.3M), China ($18.6M), Denmark ($10.1M), and Thailand ($4.98M).

In 2022, South Korea imported $366M in Vegetable Saps, mainly from China ($97.6M), Vietnam ($62.3M), India ($46.4M), United States ($34.1M), and France ($32.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Saps EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Denmark$4.31M (74.8%)
Thailand$3.03M (154%)
Netherlands$1.2M (53.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Saps BY South Korea WERE (2021 - 2022):
China-$4.75M (-20.3%)
Chinese Taipei-$2.16M (-36.4%)
Indonesia-$1.73M (-53.2%)
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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 Vegetable Saps were:
China $2.22B
India $1.06B
Spain $915M
In 2022, South Korea's main importing competitors in Vegetable Saps were:
United States $1.88B
Germany $727M
China $504M

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Trade Value of Vegetable Saps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.54M
TOP IMPORT POTENTIALChina+ $22.2M

Vegetable Saps’s highest export potential is China. With an export gap of $7.54M.   Vegetable Saps’s highest import potential is China with an import gap of $22.2M.

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