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2022
Exports $856MWorld Rnk 8 / 208
Flag Rnk 115 / 1204
2022
Destination $7.87M United States
2021 - 2022
FASTEST GROWING MARKET $7.87MIndonesia
2022
PRODUCT COMPLEXITY IN Other Processed Fruits and Nuts-1.16Rnk 872 / 1025
2022
Imports $454MWorld Rnk 9 / 224
Flag Rnk 205 / 1213
2022
Origin $13.5M China
2021 - 2022
FASTEST GROWING ORIGIN $13.5MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $856M in Other Processed Fruits and Nuts, making it the 8th largest exporter of Other Processed Fruits and Nuts in the world. At the same year, Other Processed Fruits and Nuts was the 115th most exported product in South Korea. The main destination of Other Processed Fruits and Nuts exports from South Korea are: United States ($205M), Japan ($156M), China ($134M), Thailand ($47.5M), and Russia ($43.3M).

The fastest growing export markets for Other Processed Fruits and Nuts of South Korea between 2021 and 2022 were Indonesia ($7.87M), Canada ($6.86M), and Australia ($3.87M).

Imports In 2022, South Korea imported $454M in Other Processed Fruits and Nuts, becoming the 9th largest importer of Other Processed Fruits and Nuts in the world. At the same year, Other Processed Fruits and Nuts was the 205th most imported product in South Korea. South Korea imports Other Processed Fruits and Nuts primarily from: China ($138M), Vietnam ($82.5M), United States ($70.7M), Philippines ($35M), and Indonesia ($30.5M).

The fastest growing import markets in Other Processed Fruits and Nuts for South Korea between 2021 and 2022 were Vietnam ($13.5M), Indonesia ($13.2M), and Burma ($7.71M).

COMPANIES In 2023, leading companies such as Costco Wholesale (12), Del Monte Foods (1), and Walmart (1) were at the forefront of shipping Other Processed Fruits and Nuts from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Other Processed Fruits and Nuts exports accounted up to $66.7M and imports accounted up to $43.6M, resulting in a positive trade balance of $23.1M. Between October 2023 and October 2024 the exports of South Korea's   Other Processed Fruits and Nuts have increased by $12.9M (24%) from $53.8M to $66.7M, while imports increased by $4.38M (11.2%) from $39.2M to $43.6M.

Destinations In October 2024, Other Processed Fruits and Nuts were exported mostly to United States ($20.7M), Japan ($10.7M), China ($6.58M), Philippines ($3.21M), and Vietnam ($3.11M), and were imported mostly from China ($14.1M), Vietnam ($10.7M), United States ($5.97M), Burma ($2.19M), and Thailand ($1.88M).

Growth In October 2024, the increase in Other Processed Fruits and Nuts's year-by-year exports was explained primarily by an increase in exports to Israel ($278k or 505%), Brazil ($273k or 198%), and Sweden ($225k or 189%). In October 2024, the increase in Other Processed Fruits and Nuts's year-by-year imports was explained primarily by an increase in imports from Vietnam ($3.13M or 52.3%), China ($1.39M or 10.4%), and Philippines ($1.11M or 58.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$12.9M(24%)
IMPORT GROWTH (October 2023 - October 2024)$4.38M(11.2%)
MAIN DESTINATION (October 2024)United States$20.7M

This section shows Other Processed Fruits and 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 Processed Fruits and Nuts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$856M
IMPORTS (2022)$454M
NET TRADE (2022)$402M

In 2022, South Korea exported $856M in Other Processed Fruits and Nuts. The main destinations of South Korea exports on Other Processed Fruits and Nuts were United States ($205M), Japan ($156M), China ($134M), Thailand ($47.5M), and Russia ($43.3M).

In 2022, South Korea imported $454M in Other Processed Fruits and Nuts, mainly from China ($138M), Vietnam ($82.5M), United States ($70.7M), Philippines ($35M), and Indonesia ($30.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Processed Fruits and Nuts EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$7.87M (78.1%)
Canada$6.86M (28.3%)
Australia$3.87M (20.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Processed Fruits and Nuts BY South Korea WERE (2021 - 2022):
China-$58M (-30.2%)
Japan-$15.4M (-9.01%)
Russia-$6.5M (-13.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Processed Fruits and Nuts were:
China $3.05B
United States $1.95B
Thailand $1.09B
In 2022, South Korea's main importing competitors in Other Processed Fruits and Nuts were:
United States $4.18B
China $1.56B
Germany $1.54B

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Trade Value of Other Processed Fruits and Nuts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $22.2M
TOP IMPORT POTENTIALChina+ $23.2M

Other Processed Fruits and Nuts’s highest export potential is China. With an export gap of $22.2M.   Other Processed Fruits and Nuts’s highest import potential is China with an import gap of $23.2M.

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