2023
Exports
$6.85kWorld Rnk 109 / 139
Flag Rnk 1155 / 1188
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$68.4MWorld Rnk 5 / 187
Flag Rnk 563 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $6.85k in Molasses, making it the 109th largest exporter of Molasses in the world. At the same year, Molasses was the 1155th most exported product in South Korea. The main destination of Molasses exports from South Korea are: United States ($3.19k), Netherlands ($2.45k), Australia ($773), Canada ($326), and Ethiopia ($61).

The fastest growing export markets for Molasses of South Korea between 2022 and 2023 were United States ($1.14k), Canada ($326), and Ethiopia ($61).

Imports In 2023, South Korea imported $68.4M in Molasses, becoming the 5th largest importer of Molasses in the world. At the same year, Molasses was the 563rd most imported product in South Korea. South Korea imports Molasses primarily from: Indonesia ($26.6M), Australia ($26.3M), India ($14M), Canada ($791k), and United States ($582k).

The fastest growing import markets in Molasses for South Korea between 2022 and 2023 were Australia ($4.07M), United States ($231k), and Canada ($96.5k).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$9k(450%)
IMPORT GROWTH (December 2023 - December 2024)$453k(7.36%)
MAIN DESTINATION (December 2024)Bangladesh$9k

This section shows Molasses'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 Molasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.85k
IMPORTS (2023)$68.4M
NET TRADE (2023)-$68.4M

In 2023, South Korea exported $6.85k in Molasses. The main destinations of South Korea exports on Molasses were United States ($3.19k), Netherlands ($2.45k), Australia ($773), Canada ($326), and Ethiopia ($61).

In 2023, South Korea imported $68.4M in Molasses, mainly from Indonesia ($26.6M), Australia ($26.3M), India ($14M), Canada ($791k), and United States ($582k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
United States$1.14k (55.4%)
Canada$326 (1%)
Ethiopia$61 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY South Korea WERE (2022 - 2023):
Italy-$87.5k (-100%)
United Arab Emirates-$18.9k (-100%)
Netherlands-$6.57k (-72.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Molasses were:
In 2023, South Korea's main importing competitors in Molasses were:

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $9.32k
TOP IMPORT POTENTIALIndia+ $2.96M

Molasses’s highest export potential is Netherlands. With an export gap of $9.32k.   Molasses’s highest import potential is India with an import gap of $2.96M.

See methodology.

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