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2022
Exports $249kWorld Rnk 56 / 109
Flag Rnk 1076 / 1204
2022
Destination $66.2k United States
2021 - 2022
FASTEST GROWING MARKET $66.2kUnited States
2022
PRODUCT COMPLEXITY IN Barley-0.5Rnk 702 / 1025
2022
Imports $25MWorld Rnk 44 / 173
Flag Rnk 801 / 1213
2022
Origin $12M Australia
2021 - 2022
FASTEST GROWING ORIGIN $12MAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $249k in Barley, making it the 56th largest exporter of Barley in the world. At the same year, Barley was the 1076th most exported product in South Korea. The main destination of Barley exports from South Korea are: United States ($147k), Australia ($45.2k), Canada ($12.6k), Cambodia ($8.93k), and New Zealand ($7.01k).

The fastest growing export markets for Barley of South Korea between 2021 and 2022 were United States ($66.2k), Canada ($9.9k), and Malaysia ($4.64k).

Imports In 2022, South Korea imported $25M in Barley, becoming the 44th largest importer of Barley in the world. At the same year, Barley was the 801st most imported product in South Korea. South Korea imports Barley primarily from: Australia ($23.6M), United States ($1.12M), France ($168k), Belgium ($44.9k), and Italy ($39.4k).

The fastest growing import markets in Barley for South Korea between 2021 and 2022 were Australia ($12M), France ($97.9k), and United States ($65.6k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Barley exports accounted up to $57k and imports accounted up to $2.44M, resulting in a negative trade balance of $2.38M. Between October 2023 and October 2024 the exports of South Korea's   Barley have increased by $24k (72.7%) from $33k to $57k, while imports decreased by $-4.14M (-63%) from $6.58M to $2.44M.

Destinations In October 2024, Barley were exported mostly to United States ($31k), Canada ($12k), Japan ($8k), Australia ($4k), and Philippines ($2k), and were imported mostly from Russia ($1.46M), Australia ($609k), United States ($216k), France ($147k), and China ($0).

Growth In October 2024, the increase in Barley's year-by-year exports was explained primarily by an increase in exports to Cambodia ($1k or 50%). In October 2024, the decrease in Barley's year-by-year imports was explained primarily by a decrease in imports from Australia ($-2.23M or -38.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$24k(72.7%)
IMPORT GROWTH (October 2023 - October 2024)$-4.14M(-63%)
MAIN DESTINATION (October 2024)United States$31k

This section shows Barley'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 Barley over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$249k
IMPORTS (2022)$25M
NET TRADE (2022)-$24.8M

In 2022, South Korea exported $249k in Barley. The main destinations of South Korea exports on Barley were United States ($147k), Australia ($45.2k), Canada ($12.6k), Cambodia ($8.93k), and New Zealand ($7.01k).

In 2022, South Korea imported $25M in Barley, mainly from Australia ($23.6M), United States ($1.12M), France ($168k), Belgium ($44.9k), and Italy ($39.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Barley EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$66.2k (82%)
Canada$9.9k (371%)
Malaysia$4.64k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Barley BY South Korea WERE (2021 - 2022):
Australia-$34.2k (-43.1%)
Netherlands-$10.3k (-91.7%)
Vietnam-$6.68k (-56.5%)
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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 Barley were:
Australia $2.37B
France $1.84B
Argentina $1.21B
In 2022, South Korea's main importing competitors in Barley were:
China $1.69B
Saudi Arabia $1.3B
Netherlands $689M

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Trade Value of Barley by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $76.9k
TOP IMPORT POTENTIALFrance+ $453k

Barley’s highest export potential is United States. With an export gap of $76.9k.   Barley’s highest import potential is France with an import gap of $453k.

See methodology.

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