Pasta in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $1B in Pasta, making it the 3rd largest exporter of Pasta in the world. At the same year, Pasta was the 100th most exported product in South Korea. The main destination of Pasta exports from South Korea are: China ($194M), United States ($160M), Japan ($93.6M), Australia ($37.3M), and Netherlands ($37.2M).

The fastest growing export markets for Pasta of South Korea between 2021 and 2022 were China ($35.5M), Netherlands ($11.1M), and United Kingdom ($8.59M).

Imports In 2022, South Korea imported $279M in Pasta, becoming the 13th largest importer of Pasta in the world. At the same year, Pasta was the 288th most imported product in South Korea. South Korea imports Pasta primarily from: China ($172M), Italy ($41.6M), Vietnam ($24.8M), Thailand ($16.6M), and Japan ($7.29M).

The fastest growing import markets in Pasta for South Korea between 2021 and 2022 were China ($13M), Vietnam ($8.97M), and Italy ($5.84M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (12) and Walong Marketing (10) were at the forefront of shipping Pasta from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Pasta exports accounted up to $129M and imports accounted up to $25.1M, resulting in a positive trade balance of $104M. Between July 2023 and July 2024 the exports of South Korea's Pasta have increased by $35.9M (38.6%) from $93M to $129M, while imports increased by $4.74M (23.3%) from $20.3M to $25.1M.

Destinations In July 2024, Pasta were exported mostly to China ($25.2M), United States ($24.1M), Netherlands ($9.28M), United Kingdom ($7.34M), and Japan ($6.24M), and were imported mostly from China ($9.73M), Italy ($5.34M), Vietnam ($4.66M), Thailand ($1.85M), and Turkey ($1.38M).

Growth In July 2024, the increase in Pasta's year-by-year exports was explained primarily by an increase in exports to China ($6.55M or 71.9%), Netherlands ($3.35M or 274%), and United Kingdom ($874k or 38.7%). In July 2024, the increase in Pasta's year-by-year imports was explained primarily by an increase in imports from Thailand ($500k or 42.7%), Vietnam ($203k or 9.84%), and Japan ($108k or 12.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$35.9M(38.6%)

IMPORT GROWTH (July 2023 - July 2024)$4.74M(23.3%)

MAIN DESTINATION (July 2024)China$25.2M

This section shows Pasta'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 Pasta over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1B

IMPORTS (2022)$279M

NET TRADE (2022)$723M

In 2022, South Korea exported $1B in Pasta. The main destinations of South Korea exports on Pasta were China ($194M), United States ($160M), Japan ($93.6M), Australia ($37.3M), and Netherlands ($37.2M).

In 2022, South Korea imported $279M in Pasta, mainly from China ($172M), Italy ($41.6M), Vietnam ($24.8M), Thailand ($16.6M), and Japan ($7.29M).

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