Hops in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $61.1k in Hops, making it the 44th largest exporter of Hops in the world. At the same year, Hops was the 1136th most exported product in South Korea. The main destination of Hops exports from South Korea are: United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

The fastest growing export markets for Hops of South Korea between 2021 and 2022 were United States ($38.4k), Hong Kong ($21.8k), and Philippines ($811).

Imports In 2022, South Korea imported $6.53M in Hops, becoming the 24th largest importer of Hops in the world. At the same year, Hops was the 992nd most imported product in South Korea. South Korea imports Hops primarily from: Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

The fastest growing import markets in Hops for South Korea between 2021 and 2022 were Germany ($1.46M), France ($101k), and New Zealand ($65.8k).

Latest Trends

April 2024

About

Overview In April 2024 South Korea's Hops exports accounted up to $0 and imports accounted up to $91k, resulting in a negative trade balance of $91k. Between April 2023 and April 2024 the exports of South Korea's Hops have decreased by $-62k (-100%) from $62k to $0, while imports increased by $27k (42.2%) from $64k to $91k.

Destinations In April 2024, Hops were exported mostly to Germany ($0), United States ($0), and Australia ($0), and were imported mostly from Germany ($71k), United States ($20k), and Australia ($0).

Growth In April 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to United States ($-38k or -100%). In April 2024, the increase in Hops's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-62k(-100%)

IMPORT GROWTH (April 2023 - April 2024)$27k(42.2%)

MAIN DESTINATION (April 2024)Germany$0

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$61.1k

IMPORTS (2022)$6.53M

NET TRADE (2022)-$6.47M

In 2022, South Korea exported $61.1k in Hops. The main destinations of South Korea exports on Hops were United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

In 2022, South Korea imported $6.53M in Hops, mainly from Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

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