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2022
Exports $536kWorld Rnk 70 / 119
Flag Rnk 1033 / 1204
2022
Destination $132k Albania
2021 - 2022
FASTEST GROWING MARKET $132kAlbania
2022
PRODUCT COMPLEXITY IN Animal Organs-0.91Rnk 812 / 1025
2022
Imports $87.9MWorld Rnk 14 / 199
Flag Rnk 541 / 1213
2022
Origin $11.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $11.4MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $536k in Animal Organs, making it the 70th largest exporter of Animal Organs in the world. At the same year, Animal Organs was the 1033rd most exported product in South Korea. The main destination of Animal Organs exports from South Korea are: Albania ($475k), Cambodia ($36.2k), Switzerland ($15.5k), Hong Kong ($6.25k), and Iraq ($3.46k).

The fastest growing export markets for Animal Organs of South Korea between 2021 and 2022 were Albania ($132k), Cambodia ($36.2k), and Switzerland ($15.5k).

Imports In 2022, South Korea imported $87.9M in Animal Organs, becoming the 14th largest importer of Animal Organs in the world. At the same year, Animal Organs was the 541st most imported product in South Korea. South Korea imports Animal Organs primarily from: United States ($30M), Australia ($22.7M), Spain ($9.63M), New Zealand ($9.18M), and Netherlands ($4.16M).

The fastest growing import markets in Animal Organs for South Korea between 2021 and 2022 were United States ($11.4M), Netherlands ($3.33M), and Australia ($1.83M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Animal Organs exports accounted up to $0 and imports accounted up to $14.7M, resulting in a negative trade balance of $14.7M. Between July 2023 and July 2024 the exports of South Korea's   Animal Organs have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $2.93M (25%) from $11.7M to $14.7M.

Destinations In July 2024, Animal Organs were exported mostly to China ($0), Thailand ($0), Austria ($0), Belgium ($0), and Germany ($0), and were imported mostly from United States ($6.23M), Australia ($3.23M), Spain ($2.14M), New Zealand ($926k), and Belgium ($402k).

Growth In July 2024, the change in Animal Organs's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Animal Organs's year-by-year imports was explained primarily by an increase in imports from Belgium ($269k or 427%), United States ($146k or 3.57%), and Brazil ($56k or 193%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$2.93M(25%)
MAIN DESTINATION (July 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 (2022)$536k
IMPORTS (2022)$87.9M
NET TRADE (2022)-$87.4M

In 2022, South Korea exported $536k in Animal Organs. The main destinations of South Korea exports on Animal Organs were Albania ($475k), Cambodia ($36.2k), Switzerland ($15.5k), Hong Kong ($6.25k), and Iraq ($3.46k).

In 2022, South Korea imported $87.9M in Animal Organs, mainly from United States ($30M), Australia ($22.7M), Spain ($9.63M), New Zealand ($9.18M), and Netherlands ($4.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Organs EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Albania$132k (38.5%)
Cambodia$36.2k (1%)
Switzerland$15.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Organs BY South Korea WERE (2021 - 2022):
Philippines-$388 (-100%)
Guatemala-$109 (-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 Organs were:
China $997M
United States $680M
Germany $453M
In 2022, South Korea's main importing competitors in Animal Organs were:
China $804M
Germany $603M
Hong Kong $349M

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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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