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2022
Exports $788kWorld Rnk 57 / 145
Flag Rnk 1003 / 1204
2022
Destination $335k Russia
2021 - 2022
FASTEST GROWING MARKET $335kRussia
2022
PRODUCT COMPLEXITY IN Buckwheat-1.6Rnk 959 / 1025
2022
Imports $12.3MWorld Rnk 20 / 210
Flag Rnk 909 / 1213
2022
Origin $486k China
2021 - 2022
FASTEST GROWING ORIGIN $486kPeru
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $788k in Buckwheat, making it the 57th largest exporter of Buckwheat in the world. At the same year, Buckwheat was the 1003rd most exported product in South Korea. The main destination of Buckwheat exports from South Korea are: Russia ($335k), United States ($133k), Vietnam ($61.4k), Qatar ($57.3k), and Australia ($52.6k).

The fastest growing export markets for Buckwheat of South Korea between 2021 and 2022 were Russia ($335k), Qatar ($57.3k), and Mongolia ($16.5k).

Imports In 2022, South Korea imported $12.3M in Buckwheat, becoming the 20th largest importer of Buckwheat in the world. At the same year, Buckwheat was the 909th most imported product in South Korea. South Korea imports Buckwheat primarily from: China ($6.85M), United States ($2.3M), Poland ($804k), Peru ($699k), and Ukraine ($521k).

The fastest growing import markets in Buckwheat for South Korea between 2021 and 2022 were Peru ($486k), Poland ($462k), and Latvia ($164k).

COMPANIES In 2023, leading companies such as Costco Wholesale (5) and Wismettac Asian Foods (3) were at the forefront of shipping Buckwheat from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Buckwheat exports accounted up to $44k and imports accounted up to $537k, resulting in a negative trade balance of $493k. Between September 2023 and September 2024 the exports of South Korea's   Buckwheat have decreased by $-159k (-78.3%) from $203k to $44k, while imports decreased by $-102k (-16%) from $639k to $537k.

Destinations In September 2024, Buckwheat were exported mostly to United States ($27k), Australia ($10k), Austria ($4k), Philippines ($2k), and Netherlands ($1k), and were imported mostly from China ($409k), United States ($65k), Ukraine ($63k), Nigeria ($0), and Hong Kong ($0).

Growth In September 2024, the decrease in Buckwheat's year-by-year exports was explained primarily by a decrease in exports to Australia ($-6k or -60%), Vietnam ($-1k or -14.3%), and United Kingdom ($-1k or -100%). In September 2024, the decrease in Buckwheat's year-by-year imports was explained primarily by a decrease in imports from United States ($-876k or -65.2%), Ukraine ($-483k or -76.4%), and Peru ($-65k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-159k(-78.3%)
IMPORT GROWTH (September 2023 - September 2024)$-102k(-16%)
MAIN DESTINATION (September 2024)United States$27k

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 (2022)$788k
IMPORTS (2022)$12.3M
NET TRADE (2022)-$11.5M

In 2022, South Korea exported $788k in Buckwheat. The main destinations of South Korea exports on Buckwheat were Russia ($335k), United States ($133k), Vietnam ($61.4k), Qatar ($57.3k), and Australia ($52.6k).

In 2022, South Korea imported $12.3M in Buckwheat, mainly from China ($6.85M), United States ($2.3M), Poland ($804k), Peru ($699k), and Ukraine ($521k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buckwheat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$335k (1%)
Qatar$57.3k (1%)
Mongolia$16.5k (329%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buckwheat BY South Korea WERE (2021 - 2022):
United States-$29.9k (-18.4%)
Netherlands-$25.2k (-71.6%)
Vietnam-$15.3k (-20%)
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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 Buckwheat were:
Poland $227M
Canada $150M
France $99M
In 2022, South Korea's main importing competitors in Buckwheat were:
Germany $231M
Spain $98M
United States $97.6M

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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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