Grapes in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $33.3M in Grapes, making it the 27th largest exporter of Grapes in the world. At the same year, Grapes was the 558th most exported product in South Korea. The main destination of Grapes exports from South Korea are: Vietnam ($8.98M), Hong Kong ($7.63M), United States ($3.22M), China ($2.76M), and Chinese Taipei ($1.95M).

The fastest growing export markets for Grapes of South Korea between 2021 and 2022 were Chinese Taipei ($1.52M), United States ($790k), and Cambodia ($258k).

Imports In 2022, South Korea imported $114M in Grapes, becoming the 21st largest importer of Grapes in the world. At the same year, Grapes was the 480th most imported product in South Korea. South Korea imports Grapes primarily from: Chile ($38.3M), United States ($32.2M), Peru ($25.6M), Australia ($17.3M), and Turkey ($364k).

The fastest growing import markets in Grapes for South Korea between 2021 and 2022 were Indonesia ($45.7k), France ($5.99k), and Russia ($3.56k).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Grapes from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Grapes exports accounted up to $6.34M and imports accounted up to $5.38M, resulting in a positive trade balance of $954k. Between September 2023 and September 2024 the exports of South Korea's Grapes have increased by $748k (13.4%) from $5.59M to $6.34M, while imports decreased by $-1.98M (-26.9%) from $7.37M to $5.38M.

Destinations In September 2024, Grapes were exported mostly to Chinese Taipei ($1.73M), United States ($1.09M), Hong Kong ($851k), Canada ($687k), and Vietnam ($618k), and were imported mostly from United States ($5.17M), Chile ($209k), United Arab Emirates ($0), Brunei ($0), and China ($0).

Growth In September 2024, the increase in Grapes's year-by-year exports was explained primarily by an increase in exports to Singapore ($300k or 208%), Chinese Taipei ($92k or 83.6%), and Russia ($17k or 243%). In September 2024, the decrease in Grapes's year-by-year imports was explained primarily by a decrease in imports from Peru ($-8.48M or -60.4%), United States ($-122k or -19.6%), and Turkey ($-23k or -63.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$748k(13.4%)

IMPORT GROWTH (September 2023 - September 2024)$-1.98M(-26.9%)

MAIN DESTINATION (September 2024)Chinese Taipei$1.73M

This section shows Grapes'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 Grapes over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$33.3M

IMPORTS (2022)$114M

NET TRADE (2022)-$80.6M

In 2022, South Korea exported $33.3M in Grapes. The main destinations of South Korea exports on Grapes were Vietnam ($8.98M), Hong Kong ($7.63M), United States ($3.22M), China ($2.76M), and Chinese Taipei ($1.95M).

In 2022, South Korea imported $114M in Grapes, mainly from Chile ($38.3M), United States ($32.2M), Peru ($25.6M), Australia ($17.3M), and Turkey ($364k).

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