Other Nuts in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $13.6M in Other Nuts, making it the 52nd largest exporter of Other Nuts in the world. At the same year, Other Nuts was the 696th most exported product in South Korea. The main destination of Other Nuts exports from South Korea are: China ($9.81M), United States ($1.74M), Japan ($1.02M), Vietnam ($256k), and Russia ($152k).

The fastest growing export markets for Other Nuts of South Korea between 2021 and 2022 were Vietnam ($224k), Russia ($152k), and Canada ($112k).

Imports In 2022, South Korea imported $277M in Other Nuts, becoming the 18th largest importer of Other Nuts in the world. At the same year, Other Nuts was the 292nd most imported product in South Korea. South Korea imports Other Nuts primarily from: United States ($251M), Australia ($13.3M), China ($6.87M), Chile ($1.61M), and Peru ($1.14M).

The fastest growing import markets in Other Nuts for South Korea between 2021 and 2022 were Peru ($1.14M), Canada ($201k), and Indonesia ($88.5k).

COMPANIES In 2023, leading companies such as General Motors (4) were at the forefront of shipping Other Nuts from South Korea to the United States.

Latest Trends

April 2024

About

Overview In April 2024 South Korea's Other Nuts exports accounted up to $80k and imports accounted up to $27M, resulting in a negative trade balance of $27M. Between April 2023 and April 2024 the exports of South Korea's Other Nuts have decreased by $-19k (-19.2%) from $99k to $80k, while imports increased by $7.01M (35%) from $20M to $27M.

Destinations In April 2024, Other Nuts were exported mostly to Russia ($67k), United States ($10k), Singapore ($3k), Algeria ($0), and Kenya ($0), and were imported mostly from United States ($24.6M), Turkey ($1.18M), China ($608k), Australia ($438k), and South Africa ($112k).

Growth In April 2024, the decrease in Other Nuts's year-by-year exports was explained primarily by a decrease in exports to Russia ($-54k or -64.3%), Chinese Taipei ($-46k or -100%), and Australia ($-4k or -66.7%). In April 2024, the increase in Other Nuts's year-by-year imports was explained primarily by an increase in imports from United States ($157k or 0.81%), Spain ($28k or 215%), and Vietnam ($12k or 23.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-19k(-19.2%)

IMPORT GROWTH (April 2023 - April 2024)$7.01M(35%)

MAIN DESTINATION (April 2024)Russia$67k

This section shows Other Nuts'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 Other Nuts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$13.6M

IMPORTS (2022)$277M

NET TRADE (2022)-$264M

In 2022, South Korea exported $13.6M in Other Nuts. The main destinations of South Korea exports on Other Nuts were China ($9.81M), United States ($1.74M), Japan ($1.02M), Vietnam ($256k), and Russia ($152k).

In 2022, South Korea imported $277M in Other Nuts, mainly from United States ($251M), Australia ($13.3M), China ($6.87M), Chile ($1.61M), and Peru ($1.14M).

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