HS Icon Wheat or meslin flour in  Flag South Korea

2019
Exports | Imports
: $23.1M | $9.29M, World Rnk 33 / 161
Flag Rnk 1231 / 4455 | World Rnk 84 / 220
Flag Rnk 2379 / 4533

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $760k | $194k, Vietnam |  Italy

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

Exports In 2019, South Korea exported $23.1M in Wheat or meslin flour, making it the 33rd largest exporter of Wheat or meslin flour in the world. At the same year, Wheat or meslin flour was the 1231st most exported product in South Korea. The main destination of Wheat or meslin flour exports from South Korea are: United States ($5.25M), Hong Kong ($4.61M), Thailand ($3.07M), China ($2.38M), and Indonesia ($2.04M).

The fastest growing export markets for Wheat or meslin flour of South Korea between 2018 and 2019 were Vietnam ($760k), United States ($716k), and Ghana ($449k).

Imports In 2019, South Korea imported $9.29M in Wheat or meslin flour, becoming the 84th largest importer of Wheat or meslin flour in the world. At the same year, Wheat or meslin flour was the 2379th most imported product in South Korea. South Korea imports Wheat or meslin flour primarily from: France ($1.88M), Vietnam ($1.69M), Turkey ($1.25M), Singapore ($763k), and United States ($673k).

The fastest growing import markets in Wheat or meslin flour for South Korea between 2018 and 2019 were Italy ($194k), United States ($179k), and Russia ($136k).

Tariffs In 2018, the average tariff for South Korea in Wheat or meslin flour was 2.59%. The countries with the highest import tariffs for Wheat or meslin flour were Botswana (Most Favoured Nation duty rate treatement, 4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4%), Cameroon (Most Favoured Nation duty rate treatement, 4%), Republic of the Congo (Most Favoured Nation duty rate treatement, 4%), and Cape Verde (Most Favoured Nation duty rate treatement, 4%).

Historical Data

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EXPORTS (2019): $23.1M

IMPORTS (2019): $9.29M

NET TRADE (2019): $13.8M

In 2019, South Korea exported $23.1M in Wheat or meslin flour. The main destinations of South Korea exports on Wheat or meslin flour were United States ($5.25M), Hong Kong ($4.61M), Thailand ($3.07M), China ($2.38M), and Indonesia ($2.04M).

In 2019, South Korea imported $9.29M in Wheat or meslin flour, mainly from France ($1.88M), Vietnam ($1.69M), Turkey ($1.25M), Singapore ($763k), and United States ($673k).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Wheat or meslin flour WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Wheat or meslin flour WITH:

Flow

THE FASTEST GROWING Wheat or meslin flour EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat or meslin flour BY South Korea WERE (2018 - 2019):

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Market Concentration

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In 2019, South Korea's main exporting competitors in Wheat or meslin flour were:

In 2019, South Korea's main importing competitors in Wheat or meslin flour were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Wheat or meslin flour was 2.59%.

The countries with the highest tariffs for Wheat or meslin flour in South Korea were Botswana (Most Favoured Nation duty rate treatement, 4%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 4%), Cameroon (Most Favoured Nation duty rate treatement, 4%), Republic of the Congo (Most Favoured Nation duty rate treatement, 4%), and Cape Verde (Most Favoured Nation duty rate treatement, 4%).