Butter in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $46.3k in Butter, making it the 99th largest exporter of Butter in the world. At the same year, Butter was the 1107th most exported product in South Korea. The main destination of Butter exports from South Korea are: Netherlands ($15.2k), Hong Kong ($13.3k), Tanzania ($12k), Macau ($3.58k), and Singapore ($1.16k).

The fastest growing export markets for Butter of South Korea between 2022 and 2023 were Netherlands ($15.2k), Tanzania ($12k), and Macau ($1.88k).

Imports In 2023, South Korea imported $172M in Butter, becoming the 13th largest importer of Butter in the world. At the same year, Butter was the 354th most imported product in South Korea. South Korea imports Butter primarily from: New Zealand ($64.3M), France ($61.8M), Germany ($10.4M), United States ($8.3M), and Denmark ($8.15M).

The fastest growing import markets in Butter for South Korea between 2022 and 2023 were New Zealand ($22M), France ($2.9M), and Germany ($2.18M).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Butter exports accounted up to $11k and imports accounted up to $20.6M, resulting in a negative trade balance of $20.6M. Between December 2023 and December 2024 the exports of South Korea's Butter have increased by $11k (N/A%) from $0 to $11k, while imports increased by $6.18M (43%) from $14.4M to $20.6M.

Destinations In December 2024, Butter were exported mostly to Mongolia ($9k), Philippines ($2k), United Arab Emirates ($0), China ($0), and Hong Kong ($0), and were imported mostly from New Zealand ($8.13M), France ($6.29M), United States ($1.71M), Germany ($1.32M), and Australia ($1.24M).

Growth In December 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from Denmark ($983k or 565%) and Australia ($855k or 855%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$11k(N/A%)

IMPORT GROWTH (December 2023 - December 2024)$6.18M(43%)

MAIN DESTINATION (December 2024)Mongolia$9k

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$46.3k

IMPORTS (2023)$172M

NET TRADE (2023)-$172M

In 2023, South Korea exported $46.3k in Butter. The main destinations of South Korea exports on Butter were Netherlands ($15.2k), Hong Kong ($13.3k), Tanzania ($12k), Macau ($3.58k), and Singapore ($1.16k).

In 2023, South Korea imported $172M in Butter, mainly from New Zealand ($64.3M), France ($61.8M), Germany ($10.4M), United States ($8.3M), and Denmark ($8.15M).

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