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2022
Exports $219MWorld Rnk 62 / 220
Flag Rnk 66 / 96
2022
Destination $8.48M United States
2021 - 2022
FASTEST GROWING MARKET $8.48MUnited States
2022
PRODUCT COMPLEXITY IN Edible fruits, nuts & fruit peels-0.55Rnk 712 / 1025
2022
Imports $1.54BWorld Rnk 18 / 226
Flag Rnk 44 / 96
2022
Origin $15.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $15.9MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $219M in Edible fruits, nuts & fruit peels, making it the 62nd largest exporter of Edible fruits, nuts & fruit peels in the world. At the same year, Edible fruits, nuts & fruit peels was the 66th most exported product in South Korea. The main destination of Edible fruits, nuts & fruit peels exports from South Korea are: United States ($45.7M), Hong Kong ($33.4M), Vietnam ($30.8M), Chinese Taipei ($26M), and Singapore ($18.9M).

The fastest growing export markets for Edible fruits, nuts & fruit peels of South Korea between 2021 and 2022 were United States ($8.48M), Vietnam ($6.68M), and Philippines ($1.55M).

Imports In 2022, South Korea imported $1.54B in Edible fruits, nuts & fruit peels, becoming the 18th largest importer of Edible fruits, nuts & fruit peels in the world. At the same year, Edible fruits, nuts & fruit peels was the 44th most imported product in South Korea. South Korea imports Edible fruits, nuts & fruit peels primarily from: United States ($592M), Philippines ($265M), New Zealand ($148M), Chile ($132M), and Peru ($104M).

The fastest growing import markets in Edible fruits, nuts & fruit peels for South Korea between 2021 and 2022 were Vietnam ($15.9M), Philippines ($5.53M), and China ($5.14M).

COMPANIES In 2023, leading companies such as Volvo (634), Samsung (148), and Wismettac Asian Foods (70) were at the forefront of shipping Edible fruits, nuts & fruit peels from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Edible fruits, nuts & fruit peels exports accounted up to $32.2M and imports accounted up to $141M, resulting in a negative trade balance of $109M. Between October 2023 and October 2024 the exports of South Korea's   Edible fruits, nuts & fruit peels have increased by $4.27M (15.3%) from $28M to $32.2M, while imports increased by $35.3M (33.3%) from $106M to $141M.

Destinations In October 2024, Edible fruits, nuts & fruit peels were exported mostly to United States ($13.7M), Chinese Taipei ($6.25M), China ($5.4M), Vietnam ($1.66M), and Hong Kong ($1.18M), and were imported mostly from United States ($35.9M), Philippines ($24.6M), New Zealand ($23.7M), Vietnam ($14.9M), and Chile ($14.8M).

Growth In October 2024, the increase in Edible fruits, nuts & fruit peels's year-by-year exports was explained primarily by an increase in exports to Singapore ($1.07M or 37.3%), Thailand ($586k or 20.6%), and Philippines ($137k or 24.3%). In October 2024, the increase in Edible fruits, nuts & fruit peels's year-by-year imports was explained primarily by an increase in imports from Chile ($11.6M or 44.5%), Philippines ($3.55M or 22%), and Vietnam ($1.4M or 24.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$4.27M(15.3%)
IMPORT GROWTH (October 2023 - October 2024)$35.3M(33.3%)
MAIN DESTINATION (October 2024)United States$13.7M

This section shows Edible fruits, nuts & fruit peels'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 Edible fruits, nuts & fruit peels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$219M
IMPORTS (2022)$1.54B
NET TRADE (2022)-$1.32B

In 2022, South Korea exported $219M in Edible fruits, nuts & fruit peels. The main destinations of South Korea exports on Edible fruits, nuts & fruit peels were United States ($45.7M), Hong Kong ($33.4M), Vietnam ($30.8M), Chinese Taipei ($26M), and Singapore ($18.9M).

In 2022, South Korea imported $1.54B in Edible fruits, nuts & fruit peels, mainly from United States ($592M), Philippines ($265M), New Zealand ($148M), Chile ($132M), and Peru ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Edible fruits, nuts & fruit peels EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$8.48M (22.8%)
Vietnam$6.68M (27.6%)
Philippines$1.55M (51.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Edible fruits, nuts & fruit peels BY South Korea WERE (2021 - 2022):
China-$7.91M (-37.9%)
Hong Kong-$5.77M (-14.8%)
Chinese Taipei-$3.7M (-12.5%)
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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 Edible fruits, nuts & fruit peels were:
United States $14.3B
Spain $10.2B
Mexico $9.11B
In 2022, South Korea's main importing competitors in Edible fruits, nuts & fruit peels were:
United States $19.4B
China $16.2B
Germany $11.1B

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Trade Value of Edible fruits, nuts & fruit peels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $7.55M
TOP IMPORT POTENTIALVietnam+ $16.7M

Edible fruits, nuts & fruit peels’s highest export potential is China. With an export gap of $7.55M.   Edible fruits, nuts & fruit peels’s highest import potential is Vietnam with an import gap of $16.7M.

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