Cheese in South Korea | The Observatory of Economic Complexity

About

Exports In 2023, South Korea exported $5.8M in Cheese, making it the 75th largest exporter of Cheese in the world. At the same year, Cheese was the 770th most exported product in South Korea. The main destination of Cheese exports from South Korea are: China ($2.87M), Chinese Taipei ($864k), Philippines ($605k), Netherlands ($561k), and Hong Kong ($550k).

The fastest growing export markets for Cheese of South Korea between 2022 and 2023 were Netherlands ($421k), Chinese Taipei ($376k), and Kuwait ($9.66k).

Imports In 2023, South Korea imported $650M in Cheese, becoming the 18th largest importer of Cheese in the world. At the same year, Cheese was the 134th most imported product in South Korea. South Korea imports Cheese primarily from: United States ($220M), New Zealand ($142M), Netherlands ($68.5M), Germany ($47.3M), and Denmark ($47M).

The fastest growing import markets in Cheese for South Korea between 2022 and 2023 were New Zealand ($27.5M), Netherlands ($21.6M), and Denmark ($13.3M).

COMPANIES In 2024, leading companies such as Goya Foods (55), General Motors (12), and Mahle Behr (1) were at the forefront of shipping Cheese from South Korea to the United States.

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Cheese exports accounted up to $871k and imports accounted up to $57.8M, resulting in a negative trade balance of $56.9M. Between December 2023 and December 2024 the exports of South Korea's Cheese have increased by $344k (65.3%) from $527k to $871k, while imports decreased by $-45M (-43.8%) from $103M to $57.8M.

Destinations In December 2024, Cheese were exported mostly to Vietnam ($446k), China ($144k), United States ($99k), Philippines ($82k), and Chinese Taipei ($79k), and were imported mostly from United States ($17.4M), Denmark ($8.74M), New Zealand ($8.02M), Germany ($5.91M), and Australia ($5.1M).

Growth In December 2024, the increase in Cheese's year-by-year exports was explained primarily by an increase in exports to Vietnam ($212k or 848%), China ($123k or 123%), and United States ($14k or 73.7%). In December 2024, the decrease in Cheese's year-by-year imports was explained primarily by a decrease in imports from United States ($-10.2M or -37.3%), Germany ($-7.82M or -76.5%), and Denmark ($-4.05M or -86.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$344k(65.3%)

IMPORT GROWTH (December 2023 - December 2024)$-45M(-43.8%)

MAIN DESTINATION (December 2024)Vietnam$446k

This section shows Cheese'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 Cheese over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$5.8M

IMPORTS (2023)$650M

NET TRADE (2023)-$644M

In 2023, South Korea exported $5.8M in Cheese. The main destinations of South Korea exports on Cheese were China ($2.87M), Chinese Taipei ($864k), Philippines ($605k), Netherlands ($561k), and Hong Kong ($550k).

In 2023, South Korea imported $650M in Cheese, mainly from United States ($220M), New Zealand ($142M), Netherlands ($68.5M), Germany ($47.3M), and Denmark ($47M).

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