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2022
Exports $712kWorld Rnk 74 / 136
Flag Rnk 1008 / 1204
2022
Destination $221k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $221kSingapore
2022
PRODUCT COMPLEXITY IN Edible Offal-0.32Rnk 654 / 1025
2022
Imports $337MWorld Rnk 7 / 210
Flag Rnk 253 / 1213
2022
Origin $41.9M Australia
2021 - 2022
FASTEST GROWING ORIGIN $41.9MHong Kong
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $712k in Edible Offal, making it the 74th largest exporter of Edible Offal in the world. At the same year, Edible Offal was the 1008th most exported product in South Korea. The main destination of Edible Offal exports from South Korea are: Hong Kong ($472k), Singapore ($221k), and Iraq ($18.9k).

The fastest growing export markets for Edible Offal of South Korea between 2021 and 2022 were Singapore ($221k) and Iraq ($14.4k).

Imports In 2022, South Korea imported $337M in Edible Offal, becoming the 7th largest importer of Edible Offal in the world. At the same year, Edible Offal was the 253rd most imported product in South Korea. South Korea imports Edible Offal primarily from: Australia ($138M), United States ($76.5M), Hong Kong ($46.8M), New Zealand ($26.5M), and Canada ($14.1M).

The fastest growing import markets in Edible Offal for South Korea between 2021 and 2022 were Hong Kong ($41.9M), United States ($11.7M), and Australia ($7.62M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Edible Offal exports accounted up to $0 and imports accounted up to $22.9M, resulting in a negative trade balance of $22.9M. Between September 2023 and September 2024 the exports of South Korea's   Edible Offal have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $4.75M (26.2%) from $18.1M to $22.9M.

Destinations In September 2024, Edible Offal were exported mostly to Austria ($0), Belgium ($0), Switzerland ($0), Germany ($0), and Denmark ($0), and were imported mostly from Australia ($8.96M), United States ($8.59M), New Zealand ($1.84M), Canada ($1.61M), and Belgium ($466k).

Growth In September 2024, the change in Edible Offal's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the increase in Edible Offal's year-by-year imports was explained primarily by an increase in imports from New Zealand ($310k or 12.1%), Canada ($108k or 61.4%), and Brazil ($102k or 80.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (September 2023 - September 2024)$4.75M(26.2%)
MAIN DESTINATION (September 2024)Austria$0

This section shows Edible Offal'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 Offal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$712k
IMPORTS (2022)$337M
NET TRADE (2022)-$336M

In 2022, South Korea exported $712k in Edible Offal. The main destinations of South Korea exports on Edible Offal were Hong Kong ($472k), Singapore ($221k), and Iraq ($18.9k).

In 2022, South Korea imported $337M in Edible Offal, mainly from Australia ($138M), United States ($76.5M), Hong Kong ($46.8M), New Zealand ($26.5M), and Canada ($14.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Edible Offal EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$221k (44.5k%)
Iraq$14.4k (318%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Edible Offal BY South Korea WERE (2021 - 2022):
Austria-$591k (-100%)
Hong Kong-$352k (-42.7%)
France-$155k (-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 Edible Offal were:
United States $1.98B
Spain $877M
Australia $736M
In 2022, South Korea's main importing competitors in Edible Offal were:
China $2.72B
Japan $1.02B
United States $464M

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Trade Value of Edible Offal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $62.2k
TOP IMPORT POTENTIALSpain+ $4.6M

Edible Offal’s highest export potential is Hong Kong. With an export gap of $62.2k.   Edible Offal’s highest import potential is Spain with an import gap of $4.6M.

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