2022
Exports
$131kWorld Rnk 69 / 119
Flag Rnk 1109 / 1204
2022
PRODUCT COMPLEXITY IN Malt
-0.089Rnk 575 / 1025
2022
Imports
$69.9MWorld Rnk 15 / 194
Flag Rnk 590 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $131k in Malt, making it the 69th largest exporter of Malt in the world. At the same year, Malt was the 1109th most exported product in South Korea. The main destination of Malt exports from South Korea are: Russia ($46.5k), United States ($40.9k), Canada ($10.4k), Japan ($10.2k), and Vietnam ($8.61k).

The fastest growing export markets for Malt of South Korea between 2021 and 2022 were Russia ($46.5k), United States ($17.4k), and Vietnam ($5.85k).

Imports In 2022, South Korea imported $69.9M in Malt, becoming the 15th largest importer of Malt in the world. At the same year, Malt was the 590th most imported product in South Korea. South Korea imports Malt primarily from: Australia ($42.4M), China ($6.57M), Canada ($5.23M), Germany ($4.7M), and Belgium ($2.94M).

The fastest growing import markets in Malt for South Korea between 2021 and 2022 were Australia ($16.1M), China ($2.6M), and United Kingdom ($684k).

COMPANIES In 2023, leading companies such as Costco Wholesale (14) and Wismettac Asian Foods (13) were at the forefront of shipping Malt from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1k(50%)
IMPORT GROWTH (July 2023 - July 2024)$-4.51M(-45.3%)
MAIN DESTINATION (July 2024)United States$3k

This section shows Malt'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 Malt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$131k
IMPORTS (2022)$69.9M
NET TRADE (2022)-$69.7M

In 2022, South Korea exported $131k in Malt. The main destinations of South Korea exports on Malt were Russia ($46.5k), United States ($40.9k), Canada ($10.4k), Japan ($10.2k), and Vietnam ($8.61k).

In 2022, South Korea imported $69.9M in Malt, mainly from Australia ($42.4M), China ($6.57M), Canada ($5.23M), Germany ($4.7M), and Belgium ($2.94M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Malt EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$46.5k (1%)
United States$17.4k (73.7%)
Vietnam$5.85k (212%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Malt BY South Korea WERE (2021 - 2022):
Netherlands-$43.3k (-100%)
Canada-$7.89k (-43.1%)
Germany-$4.47k (-53.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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

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Trade Value of Malt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $47.5k
TOP IMPORT POTENTIALChina+ $3.17M

Malt’s highest export potential is United States. With an export gap of $47.5k.   Malt’s highest import potential is China with an import gap of $3.17M.

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