2023
Exports
$364kWorld Rnk 67 / 145
Flag Rnk 1019 / 1188
2023
PRODUCT COMPLEXITY IN Buckwheat
-1.65Rnk 966 / 1025
2023
Imports
$11.9MWorld Rnk 20 / 208
Flag Rnk 875 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $364k in Buckwheat, making it the 67th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 1019th most exported product in South Korea. The main destination of Buckwheat exports from South Korea are: United States ($206k), Canada ($57.1k), Singapore ($49.7k), Australia ($32.1k), and New Zealand ($8.06k).

The fastest growing export markets for Buckwheat of South Korea between 2022 and 2023 were United States ($114k), Canada ($34.4k), and New Zealand ($6.44k).

Imports In 2023, South Korea imported $11.9M in Buckwheat, becoming the 20th largest importer of Buckwheat in the world. At the same year, Buckwheat was the 875th most imported product in South Korea. South Korea imports Buckwheat primarily from: China ($6.75M), United States ($3.49M), Ukraine ($559k), Poland ($498k), and Latvia ($158k).

The fastest growing import markets in Buckwheat for South Korea between 2022 and 2023 were United States ($910k), Ukraine ($37.7k), and Czechia ($23.3k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (2) were at the forefront of shipping Buckwheat from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-72k(-79.1%)
IMPORT GROWTH (December 2023 - December 2024)$399k(31.1%)
MAIN DESTINATION (December 2024)United States$11k

This section shows Buckwheat'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 Buckwheat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$364k
IMPORTS (2023)$11.9M
NET TRADE (2023)-$11.5M

In 2023, South Korea exported $364k in Buckwheat. The main destinations of South Korea exports on Buckwheat were United States ($206k), Canada ($57.1k), Singapore ($49.7k), Australia ($32.1k), and New Zealand ($8.06k).

In 2023, South Korea imported $11.9M in Buckwheat, mainly from China ($6.75M), United States ($3.49M), Ukraine ($559k), Poland ($498k), and Latvia ($158k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$114k (125%)
Canada$34.4k (152%)
New Zealand$6.44k (398%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY South Korea WERE (2022 - 2023):
Russia-$335k (-100%)
Qatar-$62.7k (-100%)
Vietnam-$61.4k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Buckwheat were:
In 2023, South Korea's main importing competitors in Buckwheat were:

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Trade Value of Buckwheat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $93.7k
TOP IMPORT POTENTIALPoland+ $400k

Buckwheat’s highest export potential is United States. With an export gap of $93.7k.   Buckwheat’s highest import potential is Poland with an import gap of $400k.

See methodology.

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