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2023
Exports $8.86kWorld Rnk 131 / 163
Flag Rnk 1151 / 1188
2023
Destination $7.53k Chinese Taipei
2022 - 2023
FASTEST GROWING MARKET $7.53kChinese Taipei
2023
PRODUCT COMPLEXITY IN Bananas-1.96Rnk 995 / 1025
2023
Imports $210MWorld Rnk 16 / 203
Flag Rnk 303 / 1208
2023
Origin $6.57M Philippines
2022 - 2023
FASTEST GROWING ORIGIN $6.57MCosta Rica
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $8.86k in Bananas, making it the 131st largest exporter of Bananas in the world. At the same year, Bananas was the 1151st most exported product in South Korea. The main destination of Bananas exports from South Korea are: Chinese Taipei ($8.54k), Singapore ($255), and Samoa ($68).

The fastest growing export markets for Bananas of South Korea between 2022 and 2023 were Chinese Taipei ($7.53k) and Samoa ($68).

Imports In 2023, South Korea imported $210M in Bananas, becoming the 16th largest importer of Bananas in the world. At the same year, Bananas was the 303rd most imported product in South Korea. South Korea imports Bananas primarily from: Philippines ($165M), Ecuador ($15.1M), Costa Rica ($13.1M), Peru ($8.66M), and Colombia ($5.81M).

The fastest growing import markets in Bananas for South Korea between 2022 and 2023 were Costa Rica ($6.57M), Ecuador ($5.39M), and Thailand ($19.9k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Bananas exports accounted up to $1k and imports accounted up to $22.6M, resulting in a negative trade balance of $22.6M. Between December 2023 and December 2024 the exports of South Korea's   Bananas have decreased by $-15k (-93.8%) from $16k to $1k, while imports decreased by $-2.89M (-11.4%) from $25.5M to $22.6M.

Destinations In December 2024, Bananas were exported mostly to Hong Kong ($1k), Uganda ($0), China ($0), Indonesia ($0), and Mongolia ($0), and were imported mostly from Philippines ($12.6M), Vietnam ($5.02M), Ecuador ($2.55M), Peru ($956k), and Guatemala ($741k).

Growth In December 2024, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Bananas's year-by-year imports was explained primarily by a decrease in imports from Guatemala ($-982k or -68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-15k(-93.8%)
IMPORT GROWTH (December 2023 - December 2024)$-2.89M(-11.4%)
MAIN DESTINATION (December 2024)Hong Kong$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 (2023)$8.86k
IMPORTS (2023)$210M
NET TRADE (2023)-$210M

In 2023, South Korea exported $8.86k in Bananas. The main destinations of South Korea exports on Bananas were Chinese Taipei ($8.54k), Singapore ($255), and Samoa ($68).

In 2023, South Korea imported $210M in Bananas, mainly from Philippines ($165M), Ecuador ($15.1M), Costa Rica ($13.1M), Peru ($8.66M), and Colombia ($5.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Chinese Taipei$7.53k (748%)
Samoa$68 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY South Korea WERE (2022 - 2023):
Philippines-$186k (-100%)
Hong Kong-$34.3k (-100%)
Mongolia-$7.26k (-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 Bananas were:
Ecuador $4.51B
Costa Rica $1.74B
Guatemala $1.55B
In 2023, South Korea's main importing competitors in Bananas were:
United States $2.99B
China $1.21B
Japan $940M

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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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