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Pricing

2022
Exports $21.6MWorld Rnk 21 / 180
Flag Rnk 636 / 1204
2022
Destination $1.13M United States
2021 - 2022
FASTEST GROWING MARKET $1.13MUnited States
2022
PRODUCT COMPLEXITY IN Pepper-1.94Rnk 994 / 1025
2022
Imports $62.5MWorld Rnk 20 / 221
Flag Rnk 624 / 1213
2022
Origin $5.28M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $5.28MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $21.6M in Pepper, making it the 21st largest exporter of Pepper in the world. At the same year, Pepper was the 636th most exported product in South Korea. The main destination of Pepper exports from South Korea are: United States ($7.84M), Japan ($3.18M), Philippines ($1.78M), Chinese Taipei ($1.66M), and Canada ($1.57M).

The fastest growing export markets for Pepper of South Korea between 2021 and 2022 were United States ($1.13M), Australia ($602k), and Philippines ($513k).

Imports In 2022, South Korea imported $62.5M in Pepper, becoming the 20th largest importer of Pepper in the world. At the same year, Pepper was the 624th most imported product in South Korea. South Korea imports Pepper primarily from: Vietnam ($28.1M), China ($26.8M), Malaysia ($2.29M), Indonesia ($1.39M), and United States ($1.29M).

The fastest growing import markets in Pepper for South Korea between 2021 and 2022 were China ($5.28M), Vietnam ($3.53M), and Indonesia ($446k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Pepper exports accounted up to $1.46M and imports accounted up to $9.15M, resulting in a negative trade balance of $7.7M. Between September 2023 and September 2024 the exports of South Korea's   Pepper have decreased by $-60k (-3.96%) from $1.52M to $1.46M, while imports decreased by $-1.87M (-16.9%) from $11M to $9.15M.

Destinations In September 2024, Pepper were exported mostly to United States ($483k), Chinese Taipei ($290k), Canada ($152k), Philippines ($144k), and Australia ($78k), and were imported mostly from Vietnam ($3.95M), China ($3.87M), Malaysia ($644k), Indonesia ($346k), and India ($147k).

Growth In September 2024, the decrease in Pepper's year-by-year exports was explained primarily by a decrease in exports to United States ($-490k or -57%), Philippines ($-169k or -49.9%), and Netherlands ($-132k or -98.5%). In September 2024, the decrease in Pepper's year-by-year imports was explained primarily by a decrease in imports from Vietnam ($-984k or -56.2%), China ($-512k or -25.3%), and Malaysia ($-211k or -53%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-60k(-3.96%)
IMPORT GROWTH (September 2023 - September 2024)$-1.87M(-16.9%)
MAIN DESTINATION (September 2024)United States$483k

This section shows Pepper'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 Pepper over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$21.6M
IMPORTS (2022)$62.5M
NET TRADE (2022)-$40.9M

In 2022, South Korea exported $21.6M in Pepper. The main destinations of South Korea exports on Pepper were United States ($7.84M), Japan ($3.18M), Philippines ($1.78M), Chinese Taipei ($1.66M), and Canada ($1.57M).

In 2022, South Korea imported $62.5M in Pepper, mainly from Vietnam ($28.1M), China ($26.8M), Malaysia ($2.29M), Indonesia ($1.39M), and United States ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pepper EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.13M (16.8%)
Australia$602k (138%)
Philippines$513k (40.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pepper BY South Korea WERE (2021 - 2022):
Vietnam-$456k (-39.2%)
Singapore-$175k (-47.2%)
Austria-$131k (-71.5%)
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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 Pepper were:
India $1.21B
Vietnam $1.02B
China $727M
In 2022, South Korea's main importing competitors in Pepper were:
United States $887M
China $400M
Thailand $243M

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Trade Value of Pepper by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.24M
TOP IMPORT POTENTIALChina+ $3.93M

Pepper’s highest export potential is United States. With an export gap of $1.24M.   Pepper’s highest import potential is China with an import gap of $3.93M.

See methodology.

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