Animal or Vegetable Fertilizers in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $9.18M in Animal or Vegetable Fertilizers, making it the 25th largest exporter of Animal or Vegetable Fertilizers in the world. At the same year, Animal or Vegetable Fertilizers was the 742nd most exported product in South Korea. The main destination of Animal or Vegetable Fertilizers exports from South Korea are: Vietnam ($4.55M), Japan ($3.83M), China ($497k), Cambodia ($90.2k), and Germany ($58.5k).

The fastest growing export markets for Animal or Vegetable Fertilizers of South Korea between 2021 and 2022 were Japan ($254k), Kazakhstan ($34.8k), and Germany ($33.6k).

Imports In 2022, South Korea imported $10.8M in Animal or Vegetable Fertilizers, becoming the 30th largest importer of Animal or Vegetable Fertilizers in the world. At the same year, Animal or Vegetable Fertilizers was the 931st most imported product in South Korea. South Korea imports Animal or Vegetable Fertilizers primarily from: China ($4.13M), Netherlands ($1.77M), Japan ($1.53M), Italy ($1.32M), and Canada ($749k).

The fastest growing import markets in Animal or Vegetable Fertilizers for South Korea between 2021 and 2022 were China ($400k), Vietnam ($159k), and Canada ($116k).

Latest Trends

March 2024

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Overview In March 2024 South Korea's Animal or Vegetable Fertilizers exports accounted up to $1.34M and imports accounted up to $376k, resulting in a positive trade balance of $965k. Between March 2023 and March 2024 the exports of South Korea's Animal or Vegetable Fertilizers have increased by $626k (87.6%) from $715k to $1.34M, while imports decreased by $-143k (-27.6%) from $519k to $376k.

Destinations In March 2024, Animal or Vegetable Fertilizers were exported mostly to Vietnam ($1.02M), Japan ($258k), Malaysia ($57k), Mexico ($5k), and New Zealand ($3k), and were imported mostly from Japan ($131k), Canada ($115k), China ($35k), Chile ($33k), and Italy ($28k).

Growth In March 2024, the increase in Animal or Vegetable Fertilizers's year-by-year exports was explained primarily by an increase in exports to . In March 2024, the decrease in Animal or Vegetable Fertilizers's year-by-year imports was explained primarily by a decrease in imports from Japan ($-38k or -44.7%) and Indonesia ($-37k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$626k(87.6%)

IMPORT GROWTH (March 2023 - March 2024)$-143k(-27.6%)

MAIN DESTINATION (March 2024)Vietnam$1.02M

This section shows Animal or Vegetable Fertilizers'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 or Vegetable Fertilizers over time.

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