2022
Exports
$13.8MWorld Rnk 61 / 199
Flag Rnk 89 / 96
2022
PRODUCT COMPLEXITY IN Live trees, plants, bulbs, cut flowers, & ornamental foliage
-0.42Rnk 678 / 1025
2022
Imports
$161MWorld Rnk 26 / 216
Flag Rnk 86 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $13.8M in Live trees, plants, bulbs, cut flowers, & ornamental foliage, making it the 61st largest exporter of Live trees, plants, bulbs, cut flowers, & ornamental foliage in the world. At the same year, Live trees, plants, bulbs, cut flowers, & ornamental foliage was the 89th most exported product in South Korea. The main destination of Live trees, plants, bulbs, cut flowers, & ornamental foliage exports from South Korea are: Japan ($4.36M), United States ($3.93M), Chinese Taipei ($2.64M), China ($874k), and Netherlands ($666k).

The fastest growing export markets for Live trees, plants, bulbs, cut flowers, & ornamental foliage of South Korea between 2021 and 2022 were Denmark ($59.8k), Netherlands ($46.6k), and Poland ($39.9k).

Imports In 2022, South Korea imported $161M in Live trees, plants, bulbs, cut flowers, & ornamental foliage, becoming the 26th largest importer of Live trees, plants, bulbs, cut flowers, & ornamental foliage in the world. At the same year, Live trees, plants, bulbs, cut flowers, & ornamental foliage was the 86th most imported product in South Korea. South Korea imports Live trees, plants, bulbs, cut flowers, & ornamental foliage primarily from: China ($70M), Netherlands ($28M), Vietnam ($15.9M), Colombia ($13.6M), and Chinese Taipei ($11.3M).

The fastest growing import markets in Live trees, plants, bulbs, cut flowers, & ornamental foliage for South Korea between 2021 and 2022 were Vietnam ($6.58M), Colombia ($4.46M), and Chinese Taipei ($2.18M).

COMPANIES In 2023, leading companies such as Continental Materials (7), LG Electronics (2), and HELLA Automotive (2) were at the forefront of shipping Live trees, plants, bulbs, cut flowers, & ornamental foliage from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$121k(19.7%)
IMPORT GROWTH (October 2023 - October 2024)$422k(2.61%)
MAIN DESTINATION (October 2024)United States$345k

This section shows Live trees, plants, bulbs, cut flowers, & ornamental foliage'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 trees, plants, bulbs, cut flowers, & ornamental foliage over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.8M
IMPORTS (2022)$161M
NET TRADE (2022)-$147M

In 2022, South Korea exported $13.8M in Live trees, plants, bulbs, cut flowers, & ornamental foliage. The main destinations of South Korea exports on Live trees, plants, bulbs, cut flowers, & ornamental foliage were Japan ($4.36M), United States ($3.93M), Chinese Taipei ($2.64M), China ($874k), and Netherlands ($666k).

In 2022, South Korea imported $161M in Live trees, plants, bulbs, cut flowers, & ornamental foliage, mainly from China ($70M), Netherlands ($28M), Vietnam ($15.9M), Colombia ($13.6M), and Chinese Taipei ($11.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Live trees, plants, bulbs, cut flowers, & ornamental foliage EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Denmark$59.8k (1%)
Netherlands$46.6k (7.52%)
Poland$39.9k (16.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Live trees, plants, bulbs, cut flowers, & ornamental foliage BY South Korea WERE (2021 - 2022):
Japan-$3.6M (-45.2%)
China-$546k (-38.5%)
Tajikistan-$201k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Live trees, plants, bulbs, cut flowers, & ornamental foliage were:
In 2022, South Korea's main importing competitors in Live trees, plants, bulbs, cut flowers, & ornamental foliage were:

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Trade Value of Live trees, plants, bulbs, cut flowers, & ornamental foliage by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.27M
TOP IMPORT POTENTIALNetherlands+ $6.14M

Live trees, plants, bulbs, cut flowers, & ornamental foliage’s highest export potential is United States. With an export gap of $1.27M.   Live trees, plants, bulbs, cut flowers, & ornamental foliage’s highest import potential is Netherlands with an import gap of $6.14M.

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