Live animals in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $7.62M in Live animals, making it the 82nd largest exporter of Live animals in the world. At the same year, Live animals was the 92nd most exported product in South Korea. The main destination of Live animals exports from South Korea are: United States ($3.14M), Nepal ($1.34M), Japan ($754k), Canada ($606k), and United Arab Emirates ($262k).

The fastest growing export markets for Live animals of South Korea between 2021 and 2022 were Nepal ($1.34M), Hong Kong ($138k), and Czechia ($124k).

Imports In 2022, South Korea imported $52.8M in Live animals, becoming the 55th largest importer of Live animals in the world. At the same year, Live animals was the 93rd most imported product in South Korea. South Korea imports Live animals primarily from: United States ($20.1M), China ($7.93M), Germany ($5.21M), Japan ($4.56M), and Netherlands ($2.39M).

The fastest growing import markets in Live animals for South Korea between 2021 and 2022 were Germany ($1.41M), United States ($1.11M), and France ($834k).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (5.7k), YOKOHAMA TIRE CORPORATION (16), and CONTINENTAL AUTOMOTIVE SYSTEMS, INC (14) were at the forefront of shipping Live animals from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Live animals exports accounted up to $713k and imports accounted up to $4.05M, resulting in a negative trade balance of $3.34M. Between February 2023 and February 2024 the exports of South Korea's Live animals have decreased by $-1.07M (-60.1%) from $1.79M to $713k, while imports increased by $1.22M (43.2%) from $2.83M to $4.05M.

Destinations In February 2024, Live animals were exported mostly to United States ($376k), Netherlands ($106k), United Arab Emirates ($55k), Canada ($39k), and Philippines ($27k), and were imported mostly from United States ($2.08M), China ($636k), Germany ($387k), Netherlands ($384k), and Japan ($224k).

Growth In February 2024, the decrease in Live animals's year-by-year exports was explained primarily by a decrease in exports to United Arab Emirates ($-15k or -78.9%), United States ($-8k or -2.52%), and Vietnam ($-6k or -85.7%). In February 2024, the increase in Live animals's year-by-year imports was explained primarily by an increase in imports from Vietnam ($2.64M or 132k%), United Kingdom ($1.13M or 4.73k%), and Spain ($370k or 804%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-1.07M(-60.1%)

IMPORT GROWTH (February 2023 - February 2024)$1.22M(43.2%)

MAIN DESTINATION (February 2024)United States$376k

This section shows Live animals'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 Live animals over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$7.62M

IMPORTS (2022)$52.8M

NET TRADE (2022)-$45.2M

In 2022, South Korea exported $7.62M in Live animals. The main destinations of South Korea exports on Live animals were United States ($3.14M), Nepal ($1.34M), Japan ($754k), Canada ($606k), and United Arab Emirates ($262k).

In 2022, South Korea imported $52.8M in Live animals, mainly from United States ($20.1M), China ($7.93M), Germany ($5.21M), Japan ($4.56M), and Netherlands ($2.39M).

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