HS Icon Wheat or meslin flour in  Flag South Korea

2020
Exports | Imports
: $25.4M | $7.93M, World Rnk 35 / 155
Flag Rnk 1150 / 4454 | World Rnk 88 / 220
Flag Rnk 2465 / 4524

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.67M | $455k, Hong Kong |  France

2020
ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127

Exports In 2020, South Korea exported $25.4M in Wheat or meslin flour, making it the 35th largest exporter of Wheat or meslin flour in the world. At the same year, Wheat or meslin flour was the 1150th most exported product in South Korea. The main destination of Wheat or meslin flour exports from South Korea are: Hong Kong ($7.29M), United States ($6.21M), Thailand ($3.75M), China ($2.08M), and Singapore ($1.92M).

The fastest growing export markets for Wheat or meslin flour of South Korea between 2019 and 2020 were Hong Kong ($2.67M), United States ($958k), and Thailand ($683k).

Imports In 2020, South Korea imported $7.93M in Wheat or meslin flour, becoming the 88th largest importer of Wheat or meslin flour in the world. At the same year, Wheat or meslin flour was the 2465th most imported product in South Korea. South Korea imports Wheat or meslin flour primarily from: France ($2.33M), Turkey ($935k), Canada ($764k), United States ($665k), and Italy ($652k).

The fastest growing import markets in Wheat or meslin flour for South Korea between 2019 and 2020 were France ($455k), Canada ($112k), and Australia ($85.9k).

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%).

Subnational Monthly Trade

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The following visualization shows the latest trends on Wheat or meslin flour. 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

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EXPORTS (2020): $25.4M

IMPORTS (2020): $7.93M

NET TRADE (2020): $17.4M

In 2020, South Korea exported $25.4M in Wheat or meslin flour. The main destinations of South Korea exports on Wheat or meslin flour were Hong Kong ($7.29M), United States ($6.21M), Thailand ($3.75M), China ($2.08M), and Singapore ($1.92M).

In 2020, South Korea imported $7.93M in Wheat or meslin flour, mainly from France ($2.33M), Turkey ($935k), Canada ($764k), United States ($665k), and Italy ($652k).

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THE FASTEST GROWING Wheat or meslin flour EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat or meslin flour BY South Korea WERE (2019 - 2020):

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Market Concentration

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In 2020, South Korea's main exporting competitors in Wheat or meslin flour were:

In 2020, South Korea's main importing competitors in Wheat or meslin flour were:

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