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2022
Exports $1.86BWorld Rnk 20 / 221
Flag Rnk 27 / 96
2022
Destination $208M China
2021 - 2022
FASTEST GROWING MARKET $208MChina
2022
PRODUCT COMPLEXITY IN Fish, crustaceans, & molluscs-0.55Rnk 711 / 1025
2022
Imports $5.04BWorld Rnk 8 / 225
Flag Rnk 22 / 96
2022
Origin $86.7M China
2021 - 2022
FASTEST GROWING ORIGIN $86.7MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.86B in Fish, crustaceans, & molluscs, making it the 20th largest exporter of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 27th most exported product in South Korea. The main destination of Fish, crustaceans, & molluscs exports from South Korea are: China ($657M), Japan ($385M), United States ($159M), Vietnam ($145M), and Thailand ($119M).

The fastest growing export markets for Fish, crustaceans, & molluscs of South Korea between 2021 and 2022 were China ($208M), United States ($37.6M), and Thailand ($30.4M).

Imports In 2022, South Korea imported $5.04B in Fish, crustaceans, & molluscs, becoming the 8th largest importer of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 22nd most imported product in South Korea. South Korea imports Fish, crustaceans, & molluscs primarily from: China ($1.08B), Russia ($961M), Vietnam ($491M), Norway ($480M), and United States ($314M).

The fastest growing import markets in Fish, crustaceans, & molluscs for South Korea between 2021 and 2022 were Vietnam ($86.7M), Chile ($70.3M), and Hong Kong ($67.6M).

COMPANIES In 2023, leading companies such as Samsung (129), LG Electronics (33), and Haas Automation (7) were at the forefront of shipping Fish, crustaceans, & molluscs from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Fish, crustaceans, & molluscs exports accounted up to $172M and imports accounted up to $419M, resulting in a negative trade balance of $247M. Between October 2023 and October 2024 the exports of South Korea's   Fish, crustaceans, & molluscs have increased by $5.77M (3.47%) from $167M to $172M, while imports increased by $35.3M (9.18%) from $384M to $419M.

Destinations In October 2024, Fish, crustaceans, & molluscs were exported mostly to China ($40.8M), Japan ($37.2M), United States ($16.9M), Vietnam ($14.9M), and Thailand ($10.8M), and were imported mostly from China ($101M), Russia ($89.7M), Vietnam ($51M), Norway ($40.8M), and United States ($19.5M).

Growth In October 2024, the increase in Fish, crustaceans, & molluscs's year-by-year exports was explained primarily by an increase in exports to Thailand ($9.07M or 84.4%), Hong Kong ($2.82M or 92.4%), and Canada ($1.14M or 240%). In October 2024, the increase in Fish, crustaceans, & molluscs's year-by-year imports was explained primarily by an increase in imports from Italy ($11.8M or 214%), Spain ($5.77M or 71.2%), and Peru ($4.74M or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$5.77M(3.47%)
IMPORT GROWTH (October 2023 - October 2024)$35.3M(9.18%)
MAIN DESTINATION (October 2024)China$40.8M

This section shows Fish, crustaceans, & molluscs'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 Fish, crustaceans, & molluscs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.86B
IMPORTS (2022)$5.04B
NET TRADE (2022)-$3.18B

In 2022, South Korea exported $1.86B in Fish, crustaceans, & molluscs. The main destinations of South Korea exports on Fish, crustaceans, & molluscs were China ($657M), Japan ($385M), United States ($159M), Vietnam ($145M), and Thailand ($119M).

In 2022, South Korea imported $5.04B in Fish, crustaceans, & molluscs, mainly from China ($1.08B), Russia ($961M), Vietnam ($491M), Norway ($480M), and United States ($314M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish, crustaceans, & molluscs EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$208M (46.4%)
United States$37.6M (31%)
Thailand$30.4M (34.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish, crustaceans, & molluscs BY South Korea WERE (2021 - 2022):
Ecuador-$7.13M (-59.3%)
Mauritius-$7.04M (-90.5%)
Spain-$5.43M (-18.5%)
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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 Fish, crustaceans, & molluscs were:
Norway $15.6B
China $10.9B
Ecuador $8.43B
In 2022, South Korea's main importing competitors in Fish, crustaceans, & molluscs were:
United States $22.9B
China $17.7B
Japan $10.4B

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Trade Value of Fish, crustaceans, & molluscs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $89.9M
TOP IMPORT POTENTIALIndia+ $57.5M

Fish, crustaceans, & molluscs’s highest export potential is China. With an export gap of $89.9M.   Fish, crustaceans, & molluscs’s highest import potential is India with an import gap of $57.5M.

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