2022
Exports
$2.31MWorld Rnk 70 / 175
Flag Rnk 909 / 1204
2022
PRODUCT COMPLEXITY IN Frozen Vegetables
-0.82Rnk 783 / 1025
2022
Imports
$304MWorld Rnk 8 / 220
Flag Rnk 270 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.31M in Frozen Vegetables, making it the 70th largest exporter of Frozen Vegetables in the world. At the same year, Frozen Vegetables was the 909th most exported product in South Korea. The main destination of Frozen Vegetables exports from South Korea are: United States ($1.34M), Russia ($207k), Netherlands ($146k), China ($81.3k), and Australia ($76.7k).

The fastest growing export markets for Frozen Vegetables of South Korea between 2021 and 2022 were United States ($729k), Russia ($91.6k), and Vietnam ($45.3k).

Imports In 2022, South Korea imported $304M in Frozen Vegetables, becoming the 8th largest importer of Frozen Vegetables in the world. At the same year, Frozen Vegetables was the 270th most imported product in South Korea. South Korea imports Frozen Vegetables primarily from: China ($271M), Vietnam ($15.1M), United States ($6.13M), Spain ($2.61M), and Belgium ($1.9M).

The fastest growing import markets in Frozen Vegetables for South Korea between 2021 and 2022 were China ($18.9M), United States ($535k), and Ukraine ($518k).

COMPANIES In 2023, leading companies such as Samsung (5) and Continental Materials (1) were at the forefront of shipping Frozen Vegetables from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-30k(-18.9%)
IMPORT GROWTH (July 2023 - July 2024)$4.74M(21.2%)
MAIN DESTINATION (July 2024)United States$79k

This section shows Frozen Vegetables'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 Frozen Vegetables over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.31M
IMPORTS (2022)$304M
NET TRADE (2022)-$302M

In 2022, South Korea exported $2.31M in Frozen Vegetables. The main destinations of South Korea exports on Frozen Vegetables were United States ($1.34M), Russia ($207k), Netherlands ($146k), China ($81.3k), and Australia ($76.7k).

In 2022, South Korea imported $304M in Frozen Vegetables, mainly from China ($271M), Vietnam ($15.1M), United States ($6.13M), Spain ($2.61M), and Belgium ($1.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Vegetables EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$729k (119%)
Russia$91.6k (79.2%)
Vietnam$45.3k (322%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Vegetables BY South Korea WERE (2021 - 2022):
Hong Kong-$137k (-80.1%)
Philippines-$59.7k (-72.1%)
China-$43k (-34.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Frozen Vegetables were:
China $1.41B
Belgium $1.26B
Spain $703M
In 2022, South Korea's main importing competitors in Frozen Vegetables were:

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Trade Value of Frozen Vegetables by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $680k
TOP IMPORT POTENTIALSpain+ $2.79M

Frozen Vegetables’s highest export potential is United States. With an export gap of $680k.   Frozen Vegetables’s highest import potential is Spain with an import gap of $2.79M.

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