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2023
Exports $103kWorld Rnk 88 / 123
Flag Rnk 1078 / 1188
2023
Destination $95.9k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $95.9kHong Kong
2023
PRODUCT COMPLEXITY IN Animal Organs-0.96Rnk 818 / 1025
2023
Imports $98.6MWorld Rnk 15 / 196
Flag Rnk 480 / 1208
2023
Origin $9.76M United States
2022 - 2023
FASTEST GROWING ORIGIN $9.76MUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $103k in Animal Organs, making it the 88th largest exporter of Animal Organs in the world. At the same year, Animal Organs was the 1078th most exported product in South Korea. The main destination of Animal Organs exports from South Korea are: Hong Kong ($102k) and Spain ($207).

The fastest growing export markets for Animal Organs of South Korea between 2022 and 2023 were Hong Kong ($95.9k) and Spain ($207).

Imports In 2023, South Korea imported $98.6M in Animal Organs, becoming the 15th largest importer of Animal Organs in the world. At the same year, Animal Organs was the 480th most imported product in South Korea. South Korea imports Animal Organs primarily from: United States ($46.8M), Australia ($25.1M), Spain ($9.99M), New Zealand ($9.27M), and Chile ($2.46M).

The fastest growing import markets in Animal Organs for South Korea between 2022 and 2023 were United States ($9.76M), Uruguay ($607k), and Uzbekistan ($87.3k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Animal Organs exports accounted up to $0 and imports accounted up to $7.14M, resulting in a negative trade balance of $7.14M. Between December 2023 and December 2024 the exports of South Korea's   Animal Organs have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-728k (-9.26%) from $7.86M to $7.14M.

Destinations In December 2024, Animal Organs were exported mostly to China ($0), Austria ($0), Belgium ($0), Denmark ($0), and Spain ($0), and were imported mostly from United States ($2.51M), Spain ($1.95M), Australia ($1.09M), New Zealand ($448k), and Belgium ($263k).

Growth In December 2024, the change in Animal Organs's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Animal Organs's year-by-year imports was explained primarily by a decrease in imports from Denmark ($-68k or -60.7%) and Chile ($-65k or -25.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (December 2023 - December 2024)$-728k(-9.26%)
MAIN DESTINATION (December 2024)China$0

This section shows Animal Organs'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 Organs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$103k
IMPORTS (2023)$98.6M
NET TRADE (2023)-$98.5M

In 2023, South Korea exported $103k in Animal Organs. The main destinations of South Korea exports on Animal Organs were Hong Kong ($102k) and Spain ($207).

In 2023, South Korea imported $98.6M in Animal Organs, mainly from United States ($46.8M), Australia ($25.1M), Spain ($9.99M), New Zealand ($9.27M), and Chile ($2.46M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Organs EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Hong Kong$95.9k (1.48k%)
Spain$207 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Organs BY South Korea WERE (2022 - 2023):
Albania-$475k (-100%)
Cambodia-$37.8k (-100%)
Switzerland-$15.5k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Animal Organs were:
China $858M
United States $854M
Germany $379M
In 2023, South Korea's main importing competitors in Animal Organs were:
China $793M
Germany $533M
Netherlands $332M

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Trade Value of Animal Organs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $15.4k
TOP IMPORT POTENTIALChina+ $1.68M

Animal Organs’s highest export potential is Hong Kong. With an export gap of $15.4k.   Animal Organs’s highest import potential is China with an import gap of $1.68M.

See methodology.

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