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2022
Exports $2.76MWorld Rnk 31 / 145
Flag Rnk 897 / 1204
2022
Destination $900k Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $900kChinese Taipei
2022
PRODUCT COMPLEXITY IN Lettuce-0.66Rnk 746 / 1025
2022
Imports $17.2MWorld Rnk 27 / 207
Flag Rnk 854 / 1213
2022
Origin $612k China
2021 - 2022
FASTEST GROWING ORIGIN $612kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.76M in Lettuce, making it the 31st largest exporter of Lettuce in the world. At the same year, Lettuce was the 897th most exported product in South Korea. The main destination of Lettuce exports from South Korea are: Chinese Taipei ($1.88M), Hong Kong ($478k), Japan ($77.5k), Singapore ($75.1k), and Australia ($71.5k).

The fastest growing export markets for Lettuce of South Korea between 2021 and 2022 were Chinese Taipei ($900k), Hong Kong ($58.7k), and Northern Mariana Islands ($56.4k).

Imports In 2022, South Korea imported $17.2M in Lettuce, becoming the 27th largest importer of Lettuce in the world. At the same year, Lettuce was the 854th most imported product in South Korea. South Korea imports Lettuce primarily from: China ($11M), United States ($3.11M), Chinese Taipei ($1.77M), Netherlands ($867k), and Belgium ($365k).

The fastest growing import markets in Lettuce for South Korea between 2021 and 2022 were China ($612k), Netherlands ($158k), and Spain ($43.3k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Lettuce exports accounted up to $168k and imports accounted up to $3.85M, resulting in a negative trade balance of $3.68M. Between July 2023 and July 2024 the exports of South Korea's   Lettuce have increased by $65k (63.1%) from $103k to $168k, while imports increased by $726k (23.2%) from $3.13M to $3.85M.

Destinations In July 2024, Lettuce were exported mostly to Chinese Taipei ($136k), Northern Mariana Islands ($12k), Hong Kong ($9k), Australia ($6k), and Singapore ($2k), and were imported mostly from China ($3.31M), United States ($289k), Vietnam ($149k), Belgium ($78k), and Netherlands ($23k).

Growth In July 2024, the increase in Lettuce's year-by-year exports was explained primarily by an increase in exports to Canada ($2k or 200%). In July 2024, the increase in Lettuce's year-by-year imports was explained primarily by an increase in imports from Spain ($18k or 164%) and Netherlands ($3k or 75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$65k(63.1%)
IMPORT GROWTH (July 2023 - July 2024)$726k(23.2%)
MAIN DESTINATION (July 2024)Chinese Taipei$136k

This section shows Lettuce'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 Lettuce over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.76M
IMPORTS (2022)$17.2M
NET TRADE (2022)-$14.5M

In 2022, South Korea exported $2.76M in Lettuce. The main destinations of South Korea exports on Lettuce were Chinese Taipei ($1.88M), Hong Kong ($478k), Japan ($77.5k), Singapore ($75.1k), and Australia ($71.5k).

In 2022, South Korea imported $17.2M in Lettuce, mainly from China ($11M), United States ($3.11M), Chinese Taipei ($1.77M), Netherlands ($867k), and Belgium ($365k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lettuce EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$900k (92.3%)
Hong Kong$58.7k (14%)
Northern Mariana Islands$56.4k (1.68k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lettuce BY South Korea WERE (2021 - 2022):
Japan-$566k (-88%)
Australia-$144k (-66.8%)
Singapore-$60.7k (-44.7%)
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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 Lettuce were:
Spain $929M
United States $641M
Mexico $569M
In 2022, South Korea's main importing competitors in Lettuce were:
United States $631M
Canada $568M
Germany $474M

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Trade Value of Lettuce by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $42.9k
TOP IMPORT POTENTIALUnited States+ $787k

Lettuce’s highest export potential is Canada. With an export gap of $42.9k.   Lettuce’s highest import potential is United States with an import gap of $787k.

See methodology.

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