2022
Exports
$85.4MWorld Rnk 61 / 192
Flag Rnk 75 / 96
2022
PRODUCT COMPLEXITY IN Meat & edible offal
0.68Rnk 284 / 1025
2022
Imports
$7.26BWorld Rnk 5 / 224
Flag Rnk 16 / 96
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $85.4M in Meat & edible offal, making it the 61st largest exporter of Meat & edible offal in the world. At the same year, Meat & edible offal was the 75th most exported product in South Korea. The main destination of Meat & edible offal exports from South Korea are: Vietnam ($78.5M), Hong Kong ($5.72M), Singapore ($221k), Macau ($211k), and Mongolia ($203k).

The fastest growing export markets for Meat & edible offal of South Korea between 2021 and 2022 were Vietnam ($33.8M), Mongolia ($202k), and Singapore ($201k).

Imports In 2022, South Korea imported $7.26B in Meat & edible offal, becoming the 5th largest importer of Meat & edible offal in the world. At the same year, Meat & edible offal was the 16th most imported product in South Korea. South Korea imports Meat & edible offal primarily from: United States ($3.25B), Australia ($1.69B), Spain ($473M), Brazil ($439M), and Canada ($315M).

The fastest growing import markets in Meat & edible offal for South Korea between 2021 and 2022 were United States ($423M), Brazil ($218M), and Australia ($131M).

COMPANIES In 2023, leading companies such as LG Electronics (4), JBS Foods (3), and John Deere (1) were at the forefront of shipping Meat & edible offal from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2.36M(36%)
IMPORT GROWTH (October 2023 - October 2024)$118M(23%)
MAIN DESTINATION (October 2024)Vietnam$8.4M

This section shows Meat & edible offal'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 Meat & edible offal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$85.4M
IMPORTS (2022)$7.26B
NET TRADE (2022)-$7.18B

In 2022, South Korea exported $85.4M in Meat & edible offal. The main destinations of South Korea exports on Meat & edible offal were Vietnam ($78.5M), Hong Kong ($5.72M), Singapore ($221k), Macau ($211k), and Mongolia ($203k).

In 2022, South Korea imported $7.26B in Meat & edible offal, mainly from United States ($3.25B), Australia ($1.69B), Spain ($473M), Brazil ($439M), and Canada ($315M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Meat & edible offal EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$33.8M (75.8%)
Mongolia$202k (12.5k%)
Singapore$201k (988%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Meat & edible offal BY South Korea WERE (2021 - 2022):
Hong Kong-$3.62M (-38.8%)
Austria-$2.37M (-96.1%)
Macau-$1.28M (-85.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Meat & edible offal were:
In 2022, South Korea's main importing competitors in Meat & edible offal were:

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Trade Value of Meat & edible offal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $93.5k
TOP IMPORT POTENTIALMexico+ $22.1M

Meat & edible offal’s highest export potential is Austria. With an export gap of $93.5k.   Meat & edible offal’s highest import potential is Mexico with an import gap of $22.1M.

See methodology.

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