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2022
Exports $1.28kWorld Rnk 100 / 131
Flag Rnk 1193 / 1204
2022
Destination $20 United States
2021 - 2022
FASTEST GROWING MARKET $20France
2022
Imports $1.64MWorld Rnk 38 / 206
Flag Rnk 1113 / 1213
2022
Origin $389k Tanzania
2021 - 2022
FASTEST GROWING ORIGIN $389kSingapore
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.28k in Cloves, making it the 100th largest exporter of Cloves in the world. At the same year, Cloves was the 1193rd most exported product in South Korea. The main destination of Cloves exports from South Korea are: United States ($1.24k), France ($20), and Italy ($20).

The fastest growing export markets for Cloves of South Korea between 2021 and 2022 were France ($20) and Italy ($20).

Imports In 2022, South Korea imported $1.64M in Cloves, becoming the 38th largest importer of Cloves in the world. At the same year, Cloves was the 1113th most imported product in South Korea. South Korea imports Cloves primarily from: Tanzania ($633k), Singapore ($458k), Indonesia ($411k), Vietnam ($48.2k), and Madagascar ($26.4k).

The fastest growing import markets in Cloves for South Korea between 2021 and 2022 were Singapore ($389k), Tanzania ($134k), and Indonesia ($26.7k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Cloves exports accounted up to $0 and imports accounted up to $36k, resulting in a negative trade balance of $36k. Between October 2023 and October 2024 the exports of South Korea's   Cloves have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $24k (200%) from $12k to $36k.

Destinations In October 2024, Cloves were exported mostly to Madagascar ($0), Bangladesh ($0), Hong Kong ($0), Indonesia ($0), and Japan ($0), and were imported mostly from Indonesia ($34k), Madagascar ($1k), Bangladesh ($1k), Hong Kong ($0), and Japan ($0).

Growth In October 2024, the change in Cloves's year-by-year exports was explained primarily by a decrease in exports to United States ($-1k or -100%). In October 2024, the increase in Cloves's year-by-year imports was explained primarily by an increase in imports from Indonesia ($34k or 283%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$24k(200%)
MAIN DESTINATION (October 2024)Madagascar$0

This section shows Cloves'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 Cloves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.28k
IMPORTS (2022)$1.64M
NET TRADE (2022)-$1.63M

In 2022, South Korea exported $1.28k in Cloves. The main destinations of South Korea exports on Cloves were United States ($1.24k), France ($20), and Italy ($20).

In 2022, South Korea imported $1.64M in Cloves, mainly from Tanzania ($633k), Singapore ($458k), Indonesia ($411k), Vietnam ($48.2k), and Madagascar ($26.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cloves EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
France$20 (1%)
Italy$20 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cloves BY South Korea WERE (2021 - 2022):
United States-$1.14k (-47.9%)
Netherlands-$266 (-100%)
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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 Cloves were:
Madagascar $309M
Indonesia $62.6M
Tanzania $43.8M
In 2022, South Korea's main importing competitors in Cloves were:
Indonesia $143M
Singapore $109M
India $88.5M

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Trade Value of Cloves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.22k
TOP IMPORT POTENTIALMadagascar+ $133k

Cloves’s highest export potential is United States. With an export gap of $1.22k.   Cloves’s highest import potential is Madagascar with an import gap of $133k.

See methodology.

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