Edible vegetables, roots, & tubers in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $171M in Edible vegetables, roots, & tubers, making it the 49th largest exporter of Edible vegetables, roots, & tubers in the world. At the same year, Edible vegetables, roots, & tubers was the 69th most exported product in South Korea. The main destination of Edible vegetables, roots, & tubers exports from South Korea are: Japan ($88.5M), Chinese Taipei ($18.2M), United States ($16.7M), Australia ($10.5M), and Hong Kong ($8.14M).

The fastest growing export markets for Edible vegetables, roots, & tubers of South Korea between 2021 and 2022 were Belgium ($1.94M), Australia ($1.16M), and Nigeria ($747k).

Imports In 2022, South Korea imported $901M in Edible vegetables, roots, & tubers, becoming the 22nd largest importer of Edible vegetables, roots, & tubers in the world. At the same year, Edible vegetables, roots, & tubers was the 62nd most imported product in South Korea. South Korea imports Edible vegetables, roots, & tubers primarily from: China ($664M), Vietnam ($83.1M), United States ($41.4M), Thailand ($24M), and Peru ($14.6M).

The fastest growing import markets in Edible vegetables, roots, & tubers for South Korea between 2021 and 2022 were China ($70.3M), Vietnam ($13.4M), and Thailand ($7.28M).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (31.6k), LG ELECTRONICS U.S.A. INC. (25.3k), and NEXEN TIRE AMERICA INC. (560) were at the forefront of shipping Edible vegetables, roots, & tubers from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Edible vegetables, roots, & tubers exports accounted up to $9.65M and imports accounted up to $57.6M, resulting in a negative trade balance of $48M. Between February 2023 and February 2024 the exports of South Korea's Edible vegetables, roots, & tubers have decreased by $-2.88M (-23%) from $12.5M to $9.65M, while imports decreased by $-9.21M (-13.8%) from $66.8M to $57.6M.

Destinations In February 2024, Edible vegetables, roots, & tubers were exported mostly to Japan ($4.42M), United States ($1.73M), Australia ($729k), Netherlands ($721k), and Canada ($397k), and were imported mostly from China ($40.3M), Australia ($4.59M), Vietnam ($2.39M), New Zealand ($2.15M), and Peru ($2.1M).

Growth In February 2024, the decrease in Edible vegetables, roots, & tubers's year-by-year exports was explained primarily by a decrease in exports to Japan ($-2.08M or -32.2%), Hong Kong ($-342k or -45.1%), and Netherlands ($-333k or -41.7%). In February 2024, the decrease in Edible vegetables, roots, & tubers's year-by-year imports was explained primarily by a decrease in imports from United States ($-3.64M or -43.8%), New Zealand ($-1.27M or -57.3%), and Thailand ($-579k or -20.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.88M(-23%)

IMPORT GROWTH (February 2023 - February 2024)$-9.21M(-13.8%)

MAIN DESTINATION (February 2024)Japan$4.42M

This section shows Edible vegetables, roots, & tubers'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 vegetables, roots, & tubers over time.

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