2022
Exports
$108kWorld Rnk 88 / 149
Flag Rnk 1121 / 1204
2022
PRODUCT COMPLEXITY IN Ground Nuts
-2.21Rnk 1007 / 1025
2022
Imports
$4.45MWorld Rnk 80 / 201
Flag Rnk 1032 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $108k in Ground Nuts, making it the 88th largest exporter of Ground Nuts in the world. At the same year, Ground Nuts was the 1121st most exported product in South Korea. The main destination of Ground Nuts exports from South Korea are: Israel ($79.4k), India ($28.3k), Guatemala ($638), France ($73), and Singapore ($16).

The fastest growing export markets for Ground Nuts of South Korea between 2021 and 2022 were Israel ($79.4k), India ($28.3k), and Guatemala ($460).

Imports In 2022, South Korea imported $4.45M in Ground Nuts, becoming the 80th largest importer of Ground Nuts in the world. At the same year, Ground Nuts was the 1032nd most imported product in South Korea. South Korea imports Ground Nuts primarily from: China ($3.11M), United States ($1.19M), Burma ($70.3k), India ($32.6k), and Argentina ($31.3k).

The fastest growing import markets in Ground Nuts for South Korea between 2021 and 2022 were United States ($995k), India ($4.87k), and Vietnam ($2.96k).

COMPANIES In 2023, leading companies such as Nissan (4) were at the forefront of shipping Ground Nuts from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$-68k(-43.9%)
MAIN DESTINATION (July 2024)China$0

This section shows Ground Nuts'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 Ground Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$108k
IMPORTS (2022)$4.45M
NET TRADE (2022)-$4.34M

In 2022, South Korea exported $108k in Ground Nuts. The main destinations of South Korea exports on Ground Nuts were Israel ($79.4k), India ($28.3k), Guatemala ($638), France ($73), and Singapore ($16).

In 2022, South Korea imported $4.45M in Ground Nuts, mainly from China ($3.11M), United States ($1.19M), Burma ($70.3k), India ($32.6k), and Argentina ($31.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nuts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Israel$79.4k (1%)
India$28.3k (1%)
Guatemala$460 (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nuts BY South Korea WERE (2021 - 2022):
United Kingdom-$1.54k (-100%)
Mongolia-$207 (-100%)
Hong Kong-$26 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Ground Nuts were:
In 2022, South Korea's main importing competitors in Ground Nuts were:

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Trade Value of Ground Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5.36k
TOP IMPORT POTENTIALChina+ $538k

Ground Nuts’s highest export potential is India. With an export gap of $5.36k.   Ground Nuts’s highest import potential is China with an import gap of $538k.

See methodology.

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