Food residues & wastes; animal fodder in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $351M in Food residues & wastes; animal fodder, making it the 44th largest exporter of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 59th most exported product in South Korea. The main destination of Food residues & wastes; animal fodder exports from South Korea are: Japan ($115M), Vietnam ($63.7M), Thailand ($51.5M), Indonesia ($26.1M), and Chinese Taipei ($21.3M).

The fastest growing export markets for Food residues & wastes; animal fodder of South Korea between 2021 and 2022 were Japan ($46.2M), Vietnam ($5.76M), and Chinese Taipei ($5.34M).

Imports In 2022, South Korea imported $2.93B in Food residues & wastes; animal fodder, becoming the 13th largest importer of Food residues & wastes; animal fodder in the world. At the same year, Food residues & wastes; animal fodder was the 29th most imported product in South Korea. South Korea imports Food residues & wastes; animal fodder primarily from: United States ($631M), Brazil ($621M), China ($457M), India ($236M), and Indonesia ($202M).

The fastest growing import markets in Food residues & wastes; animal fodder for South Korea between 2021 and 2022 were United States ($78.9M), India ($74.1M), and Argentina ($70.9M).

COMPANIES In 2023, leading companies such as CJ FOODS USA INC. (16), DIRECT LINK USA LLC (13), and AMEZIEL INC (7) were at the forefront of shipping Food residues & wastes; animal fodder from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Food residues & wastes; animal fodder exports accounted up to $25.3M and imports accounted up to $213M, resulting in a negative trade balance of $188M. Between February 2023 and February 2024 the exports of South Korea's Food residues & wastes; animal fodder have decreased by $-3.67M (-12.6%) from $29M to $25.3M, while imports increased by $6.03M (2.91%) from $207M to $213M.

Destinations In February 2024, Food residues & wastes; animal fodder were exported mostly to Japan ($6.07M), Vietnam ($5.94M), Thailand ($4.56M), Chinese Taipei ($1.97M), and Indonesia ($1.43M), and were imported mostly from United States ($61.7M), Brazil ($38.8M), China ($31.5M), India ($23M), and Malaysia ($12.3M).

Growth In February 2024, the decrease in Food residues & wastes; animal fodder's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-862k or -40.1%), Oman ($-284k or -100%), and Burma ($-168k or -100%). In February 2024, the increase in Food residues & wastes; animal fodder's year-by-year imports was explained primarily by an increase in imports from Brazil ($19.9M or 62.3%), United States ($8.16M or 20.1%), and India ($7.49M or 66.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-3.67M(-12.6%)

IMPORT GROWTH (February 2023 - February 2024)$6.03M(2.91%)

MAIN DESTINATION (February 2024)Japan$6.07M

This section shows Food residues & wastes; animal fodder'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 Food residues & wastes; animal fodder over time.

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