2022
Exports
$6.43MWorld Rnk 59 / 152
Flag Rnk 791 / 1204
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$8.48MWorld Rnk 76 / 219
Flag Rnk 961 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.43M in Fermented Milk Products, making it the 59th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 791st most exported product in South Korea. The main destination of Fermented Milk Products exports from South Korea are: United States ($2.26M), Vietnam ($895k), Hong Kong ($652k), Canada ($548k), and China ($512k).

The fastest growing export markets for Fermented Milk Products of South Korea between 2021 and 2022 were United States ($361k), Canada ($223k), and Vietnam ($217k).

Imports In 2022, South Korea imported $8.48M in Fermented Milk Products, becoming the 76th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 961st most imported product in South Korea. South Korea imports Fermented Milk Products primarily from: United States ($4.11M), Greece ($2.1M), Germany ($823k), France ($618k), and Italy ($227k).

The fastest growing import markets in Fermented Milk Products for South Korea between 2021 and 2022 were Greece ($1.11M), Germany ($459k), and Japan ($10.1k).

COMPANIES In 2023, leading companies such as Walong Marketing (11) and LG Electronics (10) were at the forefront of shipping Fermented Milk Products from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$126k(24.1%)
IMPORT GROWTH (September 2023 - September 2024)$560k(59.1%)
MAIN DESTINATION (September 2024)Mongolia$191k

This section shows Fermented Milk Products'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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.43M
IMPORTS (2022)$8.48M
NET TRADE (2022)-$2.05M

In 2022, South Korea exported $6.43M in Fermented Milk Products. The main destinations of South Korea exports on Fermented Milk Products were United States ($2.26M), Vietnam ($895k), Hong Kong ($652k), Canada ($548k), and China ($512k).

In 2022, South Korea imported $8.48M in Fermented Milk Products, mainly from United States ($4.11M), Greece ($2.1M), Germany ($823k), France ($618k), and Italy ($227k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$361k (19%)
Canada$223k (68.5%)
Vietnam$217k (32.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY South Korea WERE (2021 - 2022):
China-$293k (-36.4%)
Russia-$68.1k (-100%)
New Zealand-$38.3k (-28.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Fermented Milk Products were:
In 2022, South Korea's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $432k
TOP IMPORT POTENTIALGermany+ $732k

Fermented Milk Products’s highest export potential is China. With an export gap of $432k.   Fermented Milk Products’s highest import potential is Germany with an import gap of $732k.

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