2022
Exports
$52MWorld Rnk 37 / 167
Flag Rnk 479 / 1204
2022
PRODUCT COMPLEXITY IN Other Prepared Meat
-0.061Rnk 567 / 1025
2022
Imports
$232MWorld Rnk 18 / 223
Flag Rnk 324 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $52M in Other Prepared Meat, making it the 37th largest exporter of Other Prepared Meat in the world. At the same year, Other Prepared Meat was the 479th most exported product in South Korea. The main destination of Other Prepared Meat exports from South Korea are: Philippines ($10.9M), Hong Kong ($10.6M), Japan ($7.31M), United States ($5.76M), and Chinese Taipei ($3.29M).

The fastest growing export markets for Other Prepared Meat of South Korea between 2021 and 2022 were Philippines ($4.25M), Hong Kong ($711k), and Australia ($317k).

Imports In 2022, South Korea imported $232M in Other Prepared Meat, becoming the 18th largest importer of Other Prepared Meat in the world. At the same year, Other Prepared Meat was the 324th most imported product in South Korea. South Korea imports Other Prepared Meat primarily from: Thailand ($139M), China ($56.5M), United States ($12.1M), Denmark ($8.26M), and Argentina ($3.8M).

The fastest growing import markets in Other Prepared Meat for South Korea between 2021 and 2022 were Thailand ($40.3M), China ($12.5M), and Argentina ($1.83M).

COMPANIES In 2023, leading companies such as Walong Marketing (3), Givaudan Fragrances (3), and Marelli Automotive Lighting (1) were at the forefront of shipping Other Prepared Meat from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.08M(58.7%)
IMPORT GROWTH (July 2023 - July 2024)$-5.34M(-21.3%)
MAIN DESTINATION (July 2024)Philippines$2.6M

This section shows Other Prepared Meat'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 Prepared Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52M
IMPORTS (2022)$232M
NET TRADE (2022)-$180M

In 2022, South Korea exported $52M in Other Prepared Meat. The main destinations of South Korea exports on Other Prepared Meat were Philippines ($10.9M), Hong Kong ($10.6M), Japan ($7.31M), United States ($5.76M), and Chinese Taipei ($3.29M).

In 2022, South Korea imported $232M in Other Prepared Meat, mainly from Thailand ($139M), China ($56.5M), United States ($12.1M), Denmark ($8.26M), and Argentina ($3.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Prepared Meat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$4.25M (64.2%)
Hong Kong$711k (7.18%)
Australia$317k (39.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Prepared Meat BY South Korea WERE (2021 - 2022):
Malaysia-$2.11M (-40.6%)
Vietnam-$1.29M (-29.5%)
Japan-$973k (-11.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Prepared Meat were:
Germany $1.88B
China $1.78B
In 2022, South Korea's main importing competitors in Other Prepared Meat were:

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Trade Value of Other Prepared Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $5M
TOP IMPORT POTENTIALChina+ $16.4M

Other Prepared Meat’s highest export potential is Japan. With an export gap of $5M.   Other Prepared Meat’s highest import potential is China with an import gap of $16.4M.

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