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Pricing

2022
Exports $6.11MWorld Rnk 41 / 156
Flag Rnk 796 / 1204
2022
Destination $441k United States
2021 - 2022
FASTEST GROWING MARKET $441kHong Kong
2022
PRODUCT COMPLEXITY IN Pickled Foods-0.88Rnk 797 / 1025
2022
Imports $74.4MWorld Rnk 8 / 219
Flag Rnk 576 / 1213
2022
Origin $9.83M China
2021 - 2022
FASTEST GROWING ORIGIN $9.83MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.11M in Pickled Foods, making it the 41st largest exporter of Pickled Foods in the world. At the same year, Pickled Foods was the 796th most exported product in South Korea. The main destination of Pickled Foods exports from South Korea are: United States ($2.43M), Canada ($781k), Australia ($502k), Hong Kong ($498k), and Vietnam ($299k).

The fastest growing export markets for Pickled Foods of South Korea between 2021 and 2022 were Hong Kong ($441k), Moldova ($86.5k), and United States ($62.2k).

Imports In 2022, South Korea imported $74.4M in Pickled Foods, becoming the 8th largest importer of Pickled Foods in the world. At the same year, Pickled Foods was the 576th most imported product in South Korea. South Korea imports Pickled Foods primarily from: China ($54.6M), Vietnam ($7.69M), United States ($4.68M), Mexico ($2.43M), and Turkey ($1.23M).

The fastest growing import markets in Pickled Foods for South Korea between 2021 and 2022 were China ($9.83M), Vietnam ($1.06M), and Mexico ($691k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Pickled Foods exports accounted up to $415k and imports accounted up to $4.18M, resulting in a negative trade balance of $3.76M. Between July 2023 and July 2024 the exports of South Korea's   Pickled Foods have decreased by $-77k (-15.7%) from $492k to $415k, while imports increased by $713k (20.6%) from $3.47M to $4.18M.

Destinations In July 2024, Pickled Foods were exported mostly to United States ($236k), Canada ($51k), Vietnam ($26k), Australia ($21k), and Philippines ($14k), and were imported mostly from China ($2.19M), Vietnam ($702k), United States ($385k), Mexico ($280k), and Turkey ($173k).

Growth In July 2024, the decrease in Pickled Foods's year-by-year exports was explained primarily by a decrease in exports to United States ($-51k or -21.1%), Singapore ($-12k or -92.3%), and Australia ($-11k or -36.7%). In July 2024, the increase in Pickled Foods's year-by-year imports was explained primarily by an increase in imports from Mexico ($392k or 177%), Italy ($118k or 983%), and Vietnam ($30k or 4.82%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-77k(-15.7%)
IMPORT GROWTH (July 2023 - July 2024)$713k(20.6%)
MAIN DESTINATION (July 2024)United States$236k

This section shows Pickled Foods'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 Pickled Foods over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.11M
IMPORTS (2022)$74.4M
NET TRADE (2022)-$68.3M

In 2022, South Korea exported $6.11M in Pickled Foods. The main destinations of South Korea exports on Pickled Foods were United States ($2.43M), Canada ($781k), Australia ($502k), Hong Kong ($498k), and Vietnam ($299k).

In 2022, South Korea imported $74.4M in Pickled Foods, mainly from China ($54.6M), Vietnam ($7.69M), United States ($4.68M), Mexico ($2.43M), and Turkey ($1.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pickled Foods EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$441k (775%)
Moldova$86.5k (1.82k%)
United States$62.2k (2.63%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pickled Foods BY South Korea WERE (2021 - 2022):
Japan-$89.3k (-51.3%)
Philippines-$69.5k (-38.7%)
China-$59.8k (-19.1%)
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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 Pickled Foods were:
Turkey $362M
Germany $251M
India $232M
In 2022, South Korea's main importing competitors in Pickled Foods were:
United States $504M
Germany $286M
Canada $143M

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Trade Value of Pickled Foods by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $697k
TOP IMPORT POTENTIALIndia+ $1.3M

Pickled Foods’s highest export potential is United States. With an export gap of $697k.   Pickled Foods’s highest import potential is India with an import gap of $1.3M.

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