Cassava in South Korea | The Observatory of Economic Complexity

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Exports In 2023, South Korea exported $1.28M in Cassava, making it the 49th largest exporter of Cassava in the world. At the same year, Cassava was the 934th most exported product in South Korea. The main destination of Cassava exports from South Korea are: Hong Kong ($862k), Singapore ($130k), Canada ($66.1k), United States ($62.1k), and Thailand ($28.9k).

The fastest growing export markets for Cassava of South Korea between 2022 and 2023 were Canada ($21k), Philippines ($15.5k), and United Kingdom ($11.2k).

Imports In 2023, South Korea imported $2.47M in Cassava, becoming the 43rd largest importer of Cassava in the world. At the same year, Cassava was the 1061st most imported product in South Korea. South Korea imports Cassava primarily from: China ($2.02M), Indonesia ($179k), Thailand ($83.1k), Belgium ($77.9k), and Philippines ($46k).

The fastest growing import markets in Cassava for South Korea between 2022 and 2023 were Belgium ($55.1k), Philippines ($43.1k), and Spain ($37.1k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Cassava exports accounted up to $126k and imports accounted up to $2.23M, resulting in a negative trade balance of $2.1M. Between December 2023 and December 2024 the exports of South Korea's Cassava have decreased by $-51k (-28.8%) from $177k to $126k, while imports decreased by $-3.41M (-60.5%) from $5.64M to $2.23M.

Destinations In December 2024, Cassava were exported mostly to Canada ($45k), Hong Kong ($44k), Singapore ($14k), United States ($8k), and United Arab Emirates ($4k), and were imported mostly from Thailand ($1.77M), China ($439k), Vietnam ($19k), Nigeria ($0), and South Africa ($0).

Growth In December 2024, the decrease in Cassava's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Cassava's year-by-year imports was explained primarily by a decrease in imports from United States ($-1k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-51k(-28.8%)

IMPORT GROWTH (December 2023 - December 2024)$-3.41M(-60.5%)

MAIN DESTINATION (December 2024)Canada$45k

This section shows Cassava'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 Cassava over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$1.28M

IMPORTS (2023)$2.47M

NET TRADE (2023)-$1.19M

In 2023, South Korea exported $1.28M in Cassava. The main destinations of South Korea exports on Cassava were Hong Kong ($862k), Singapore ($130k), Canada ($66.1k), United States ($62.1k), and Thailand ($28.9k).

In 2023, South Korea imported $2.47M in Cassava, mainly from China ($2.02M), Indonesia ($179k), Thailand ($83.1k), Belgium ($77.9k), and Philippines ($46k).

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