Preparations of fish, crustacenas, & molluscs in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $513M in Preparations of fish, crustacenas, & molluscs, making it the 26th largest exporter of Preparations of fish, crustacenas, & molluscs in the world. At the same year, Preparations of fish, crustacenas, & molluscs was the 52nd most exported product in South Korea. The main destination of Preparations of fish, crustacenas, & molluscs exports from South Korea are: China ($110M), United States ($101M), Japan ($86.8M), Hong Kong ($69.4M), and Chinese Taipei ($26.7M).

The fastest growing export markets for Preparations of fish, crustacenas, & molluscs of South Korea between 2021 and 2022 were Hong Kong ($14.2M), Chinese Taipei ($6.22M), and Philippines ($4.41M).

Imports In 2022, South Korea imported $2.11B in Preparations of fish, crustacenas, & molluscs, becoming the 9th largest importer of Preparations of fish, crustacenas, & molluscs in the world. At the same year, Preparations of fish, crustacenas, & molluscs was the 37th most imported product in South Korea. South Korea imports Preparations of fish, crustacenas, & molluscs primarily from: China ($586M), Vietnam ($440M), Russia ($400M), Thailand ($264M), and Peru ($89.3M).

The fastest growing import markets in Preparations of fish, crustacenas, & molluscs for South Korea between 2021 and 2022 were Russia ($56.6M), Vietnam ($39.9M), and Peru ($35.1M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (4.45k), CJ FOODS USA INC. (416), and SAMSUNG ELECTRONICS AMERICA (98) were at the forefront of shipping Preparations of fish, crustacenas, & molluscs from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Preparations of fish, crustacenas, & molluscs exports accounted up to $22.7M and imports accounted up to $67.3M, resulting in a negative trade balance of $44.6M. Between February 2023 and February 2024 the exports of South Korea's Preparations of fish, crustacenas, & molluscs have decreased by $-6.78M (-23%) from $29.5M to $22.7M, while imports decreased by $-13.8M (-17%) from $81.2M to $67.3M.

Destinations In February 2024, Preparations of fish, crustacenas, & molluscs were exported mostly to United States ($6.87M), Japan ($3.21M), China ($2.94M), Philippines ($2.63M), and Hong Kong ($1.3M), and were imported mostly from China ($20.6M), Vietnam ($16.7M), Thailand ($9.85M), Peru ($5.11M), and United States ($4.04M).

Growth In February 2024, the decrease in Preparations of fish, crustacenas, & molluscs's year-by-year exports was explained primarily by a decrease in exports to United States ($-2.36M or -29.2%), China ($-1.73M or -28.6%), and Germany ($-421k or -100%). In February 2024, the decrease in Preparations of fish, crustacenas, & molluscs's year-by-year imports was explained primarily by a decrease in imports from Russia ($-2.52M or -99.8%), United Kingdom ($-2.15M or -75.2%), and Thailand ($-817k or -5.42%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-6.78M(-23%)

IMPORT GROWTH (February 2023 - February 2024)$-13.8M(-17%)

MAIN DESTINATION (February 2024)United States$6.87M

This section shows Preparations of fish, crustacenas, & 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 Preparations of fish, crustacenas, & molluscs over time.

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