2022
Exports
$198kWorld Rnk 95 / 161
Flag Rnk 1090 / 1204
2022
PRODUCT COMPLEXITY IN Bananas
-1.99Rnk 1001 / 1025
2022
Imports
$247MWorld Rnk 14 / 196
Flag Rnk 311 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $198k in Bananas, making it the 95th largest exporter of Bananas in the world. At the same year, Bananas was the 1090th most exported product in South Korea. The main destination of Bananas exports from South Korea are: Philippines ($186k), Hong Kong ($6.62k), Mongolia ($3.85k), Chinese Taipei ($1.01k), and Singapore ($617).

The fastest growing export markets for Bananas of South Korea between 2021 and 2022 were Philippines ($99.9k), Hong Kong ($2.44k), and Mongolia ($1.97k).

Imports In 2022, South Korea imported $247M in Bananas, becoming the 14th largest importer of Bananas in the world. At the same year, Bananas was the 311th most imported product in South Korea. South Korea imports Bananas primarily from: Philippines ($197M), Vietnam ($18.1M), Colombia ($9.37M), Peru ($8.68M), and Ecuador ($7.55M).

The fastest growing import markets in Bananas for South Korea between 2021 and 2022 were Vietnam ($9.76M), Nicaragua ($41.4k), and Japan ($34).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$1k(N/A%)
IMPORT GROWTH (August 2023 - August 2024)$-4.1M(-17.1%)
MAIN DESTINATION (August 2024)Mongolia$1k

This section shows Bananas'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 Bananas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$198k
IMPORTS (2022)$247M
NET TRADE (2022)-$247M

In 2022, South Korea exported $198k in Bananas. The main destinations of South Korea exports on Bananas were Philippines ($186k), Hong Kong ($6.62k), Mongolia ($3.85k), Chinese Taipei ($1.01k), and Singapore ($617).

In 2022, South Korea imported $247M in Bananas, mainly from Philippines ($197M), Vietnam ($18.1M), Colombia ($9.37M), Peru ($8.68M), and Ecuador ($7.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$99.9k (116%)
Hong Kong$2.44k (58.4%)
Mongolia$1.97k (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY South Korea WERE (2021 - 2022):
Burma-$1.27k (-100%)
Macau-$171 (-100%)
Switzerland-$123 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Bananas were:
In 2022, South Korea's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $8.11k
TOP IMPORT POTENTIALEcuador+ $6.98M

Bananas’s highest export potential is Hong Kong. With an export gap of $8.11k.   Bananas’s highest import potential is Ecuador with an import gap of $6.98M.

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