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2022
Exports $584kWorld Rnk 76 / 167
Flag Rnk 1027 / 1204
2022
Destination $187k Singapore
2021 - 2022
FASTEST GROWING MARKET $187kSingapore
2022
PRODUCT COMPLEXITY IN Other Vegetable Products-1.61Rnk 961 / 1025
2022
Imports $104MWorld Rnk 3 / 195
Flag Rnk 503 / 1213
2022
Origin $24.5M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $24.5MIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $584k in Other Vegetable Products, making it the 76th largest exporter of Other Vegetable Products in the world. At the same year, Other Vegetable Products was the 1027th most exported product in South Korea. The main destination of Other Vegetable Products exports from South Korea are: Singapore ($203k), United States ($94.8k), China ($87.2k), Chinese Taipei ($57.7k), and Japan ($31.3k).

The fastest growing export markets for Other Vegetable Products of South Korea between 2021 and 2022 were Singapore ($187k), China ($79.3k), and Japan ($28.9k).

Imports In 2022, South Korea imported $104M in Other Vegetable Products, becoming the 3rd largest importer of Other Vegetable Products in the world. At the same year, Other Vegetable Products was the 503rd most imported product in South Korea. South Korea imports Other Vegetable Products primarily from: Indonesia ($40.8M), India ($27.8M), China ($12.3M), Vietnam ($11.9M), and United States ($4.17M).

The fastest growing import markets in Other Vegetable Products for South Korea between 2021 and 2022 were Indonesia ($24.5M), Vietnam ($6.55M), and China ($5.02M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Other Vegetable Products exports accounted up to $77k and imports accounted up to $3.53M, resulting in a negative trade balance of $3.46M. Between July 2023 and July 2024 the exports of South Korea's   Other Vegetable Products have increased by $68k (756%) from $9k to $77k, while imports decreased by $-8.67M (-71.1%) from $12.2M to $3.53M.

Destinations In July 2024, Other Vegetable Products were exported mostly to Singapore ($50k), Vietnam ($19k), China ($5k), United States ($2k), and Japan ($1k), and were imported mostly from Sri Lanka ($1.65M), India ($1.02M), United States ($319k), Vietnam ($185k), and Thailand ($137k).

Growth In July 2024, the increase in Other Vegetable Products's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the decrease in Other Vegetable Products's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-252k or -28.6%), Sri Lanka ($-148k or -26.9%), and China ($-57k or -27.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$68k(756%)
IMPORT GROWTH (July 2023 - July 2024)$-8.67M(-71.1%)
MAIN DESTINATION (July 2024)Singapore$50k

This section shows Other Vegetable Products'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 Vegetable Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$584k
IMPORTS (2022)$104M
NET TRADE (2022)-$104M

In 2022, South Korea exported $584k in Other Vegetable Products. The main destinations of South Korea exports on Other Vegetable Products were Singapore ($203k), United States ($94.8k), China ($87.2k), Chinese Taipei ($57.7k), and Japan ($31.3k).

In 2022, South Korea imported $104M in Other Vegetable Products, mainly from Indonesia ($40.8M), India ($27.8M), China ($12.3M), Vietnam ($11.9M), and United States ($4.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Singapore$187k (1.23k%)
China$79.3k (997%)
Japan$28.9k (1.24k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Products BY South Korea WERE (2021 - 2022):
Chinese Taipei-$104k (-64.4%)
France-$97k (-92.3%)
United States-$35.5k (-27.3%)
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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 Vegetable Products were:
Indonesia $449M
China $139M
India $139M
In 2022, South Korea's main importing competitors in Other Vegetable Products were:
Japan $472M
United States $107M

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Trade Value of Other Vegetable Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $114k
TOP IMPORT POTENTIALChina+ $2.3M

Other Vegetable Products’s highest export potential is China. With an export gap of $114k.   Other Vegetable Products’s highest import potential is China with an import gap of $2.3M.

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