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2022
Exports $57.4MWorld Rnk 33 / 126
Flag Rnk 464 / 1204
2022
Destination $2.01M Vietnam
2021 - 2022
FASTEST GROWING MARKET $2.01MVietnam
2022
PRODUCT COMPLEXITY IN Animal Meal and Pellets-1.49Rnk 946 / 1025
2022
Imports $118MWorld Rnk 21 / 173
Flag Rnk 472 / 1213
2022
Origin $2.11M Chile
2021 - 2022
FASTEST GROWING ORIGIN $2.11MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $57.4M in Animal Meal and Pellets, making it the 33rd largest exporter of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 464th most exported product in South Korea. The main destination of Animal Meal and Pellets exports from South Korea are: Vietnam ($31.9M), Indonesia ($12.1M), Thailand ($6.78M), Japan ($2.24M), and Philippines ($2.21M).

The fastest growing export markets for Animal Meal and Pellets of South Korea between 2021 and 2022 were Vietnam ($2.01M), Indonesia ($1.36M), and Thailand ($877k).

Imports In 2022, South Korea imported $118M in Animal Meal and Pellets, becoming the 21st largest importer of Animal Meal and Pellets in the world. At the same year, Animal Meal and Pellets was the 472nd most imported product in South Korea. South Korea imports Animal Meal and Pellets primarily from: Chile ($68.6M), United States ($10.8M), Peru ($8.57M), Vietnam ($8.17M), and Denmark ($3.04M).

The fastest growing import markets in Animal Meal and Pellets for South Korea between 2021 and 2022 were Vietnam ($2.11M), American Samoa ($1.27M), and Thailand ($1.12M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Animal Meal and Pellets exports accounted up to $4.58M and imports accounted up to $9.86M, resulting in a negative trade balance of $5.29M. Between September 2023 and September 2024 the exports of South Korea's   Animal Meal and Pellets have decreased by $-838k (-15.5%) from $5.41M to $4.58M, while imports increased by $746k (8.19%) from $9.11M to $9.86M.

Destinations In September 2024, Animal Meal and Pellets were exported mostly to Vietnam ($2.12M), Indonesia ($1.18M), Thailand ($478k), Malaysia ($276k), and Japan ($251k), and were imported mostly from Chile ($4.95M), India ($1.69M), Russia ($948k), United States ($648k), and Norway ($509k).

Growth In September 2024, the decrease in Animal Meal and Pellets's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.15M or -56.2%), Indonesia ($-531k or -59.1%), and Philippines ($-135k or -60.8%). In September 2024, the increase in Animal Meal and Pellets's year-by-year imports was explained primarily by an increase in imports from Vietnam ($765k or 166%), Norway ($143k or 260%), and Denmark ($86k or 24.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-838k(-15.5%)
IMPORT GROWTH (September 2023 - September 2024)$746k(8.19%)
MAIN DESTINATION (September 2024)Vietnam$2.12M

This section shows Animal Meal and Pellets'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 Animal Meal and Pellets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$57.4M
IMPORTS (2022)$118M
NET TRADE (2022)-$60.2M

In 2022, South Korea exported $57.4M in Animal Meal and Pellets. The main destinations of South Korea exports on Animal Meal and Pellets were Vietnam ($31.9M), Indonesia ($12.1M), Thailand ($6.78M), Japan ($2.24M), and Philippines ($2.21M).

In 2022, South Korea imported $118M in Animal Meal and Pellets, mainly from Chile ($68.6M), United States ($10.8M), Peru ($8.57M), Vietnam ($8.17M), and Denmark ($3.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Meal and Pellets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$2.01M (6.72%)
Indonesia$1.36M (12.6%)
Thailand$877k (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Meal and Pellets BY South Korea WERE (2021 - 2022):
Japan-$1.37M (-38%)
Chinese Taipei-$1.33M (-77.9%)
India-$65k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Animal Meal and Pellets were:
Peru $1.88B
United States $911M
Chile $423M
In 2022, South Korea's main importing competitors in Animal Meal and Pellets were:
China $2.9B
Vietnam $626M
Norway $481M

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Trade Value of Animal Meal and Pellets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.45M
TOP IMPORT POTENTIALPeru+ $5.18M

Animal Meal and Pellets’s highest export potential is China. With an export gap of $2.45M.   Animal Meal and Pellets’s highest import potential is Peru with an import gap of $5.18M.

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