Pig Meat in South Korea | The Observatory of Economic Complexity

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Exports In 2023, South Korea exported $2.72M in Pig Meat, making it the 49th largest exporter of Pig Meat in the world. At the same year, Pig Meat was the 851st most exported product in South Korea. The main destination of Pig Meat exports from South Korea are: Hong Kong ($1.8M), United Arab Emirates ($445k), Netherlands ($119k), France ($112k), and Macau ($71.6k).

The fastest growing export markets for Pig Meat of South Korea between 2022 and 2023 were United Arab Emirates ($162k), Netherlands ($119k), and France ($112k).

Imports In 2023, South Korea imported $1.8B in Pig Meat, becoming the 7th largest importer of Pig Meat in the world. At the same year, Pig Meat was the 47th most imported product in South Korea. South Korea imports Pig Meat primarily from: United States ($598M), Spain ($400M), Chile ($162M), Canada ($159M), and Netherlands ($123M).

The fastest growing import markets in Pig Meat for South Korea between 2022 and 2023 were United States ($90.1M), Germany ($24.5M), and Brazil ($11.2M).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Pig Meat exports accounted up to $29k and imports accounted up to $136M, resulting in a negative trade balance of $136M. Between December 2023 and December 2024 the exports of South Korea's Pig Meat have decreased by $-127k (-81.4%) from $156k to $29k, while imports decreased by $-5.08M (-3.6%) from $141M to $136M.

Destinations In December 2024, Pig Meat were exported mostly to United Arab Emirates ($12k), Hong Kong ($12k), Mongolia ($5k), Vietnam ($0), and Austria ($0), and were imported mostly from United States ($43.1M), Canada ($20.8M), Spain ($16.9M), Chile ($16.3M), and Germany ($11.3M).

Growth In December 2024, the decrease in Pig Meat's year-by-year exports was explained primarily by a decrease in exports to . In December 2024, the decrease in Pig Meat's year-by-year imports was explained primarily by a decrease in imports from Austria ($-3.15M or -37%), France ($-1.66M or -40.5%), and Ireland ($-1.62M or -69.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2023 - December 2024)$-127k(-81.4%)

IMPORT GROWTH (December 2023 - December 2024)$-5.08M(-3.6%)

MAIN DESTINATION (December 2024)United Arab Emirates$12k

This section shows Pig Meat'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 Pig Meat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$2.72M

IMPORTS (2023)$1.8B

NET TRADE (2023)-$1.8B

In 2023, South Korea exported $2.72M in Pig Meat. The main destinations of South Korea exports on Pig Meat were Hong Kong ($1.8M), United Arab Emirates ($445k), Netherlands ($119k), France ($112k), and Macau ($71.6k).

In 2023, South Korea imported $1.8B in Pig Meat, mainly from United States ($598M), Spain ($400M), Chile ($162M), Canada ($159M), and Netherlands ($123M).

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