Fish, crustaceans, & molluscs in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $1.86B in Fish, crustaceans, & molluscs, making it the 20th largest exporter of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 27th most exported product in South Korea. The main destination of Fish, crustaceans, & molluscs exports from South Korea are: China ($657M), Japan ($385M), United States ($159M), Vietnam ($145M), and Thailand ($119M).

The fastest growing export markets for Fish, crustaceans, & molluscs of South Korea between 2021 and 2022 were China ($208M), United States ($37.6M), and Thailand ($30.4M).

Imports In 2022, South Korea imported $5.04B in Fish, crustaceans, & molluscs, becoming the 8th largest importer of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 22nd most imported product in South Korea. South Korea imports Fish, crustaceans, & molluscs primarily from: China ($1.08B), Russia ($961M), Vietnam ($491M), Norway ($480M), and United States ($314M).

The fastest growing import markets in Fish, crustaceans, & molluscs for South Korea between 2021 and 2022 were Vietnam ($86.7M), Chile ($70.3M), and Hong Kong ($67.6M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (12.6k), LG ELECTRONICS U.S.A. INC. (5.87k), and FORD MOTOR COMPANY (120) were at the forefront of shipping Fish, crustaceans, & molluscs from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Fish, crustaceans, & molluscs exports accounted up to $125M and imports accounted up to $386M, resulting in a negative trade balance of $261M. Between February 2023 and February 2024 the exports of South Korea's Fish, crustaceans, & molluscs have decreased by $-21.8M (-14.9%) from $147M to $125M, while imports decreased by $-40.1M (-9.42%) from $426M to $386M.

Destinations In February 2024, Fish, crustaceans, & molluscs were exported mostly to Japan ($33.3M), China ($26.6M), United States ($15.1M), Vietnam ($14.7M), and Thailand ($8.47M), and were imported mostly from Russia ($79M), China ($69.6M), Norway ($54M), Hong Kong ($39.8M), and Vietnam ($38.4M).

Growth In February 2024, the decrease in Fish, crustaceans, & molluscs's year-by-year exports was explained primarily by a decrease in exports to France ($-9.02M or -81.4%), United States ($-5.9M or -39.1%), and China ($-4.89M or -15.6%). In February 2024, the decrease in Fish, crustaceans, & molluscs's year-by-year imports was explained primarily by a decrease in imports from Norway ($-9.74M or -14.1%), Russia ($-5.33M or -4.88%), and Canada ($-4.87M or -43.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-21.8M(-14.9%)

IMPORT GROWTH (February 2023 - February 2024)$-40.1M(-9.42%)

MAIN DESTINATION (February 2024)Japan$33.3M

This section shows Fish, crustaceans, & molluscs'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 Fish, crustaceans, & molluscs over time.

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