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2022
Exports $20kWorld Rnk 67 / 102
Flag Rnk 1160 / 1204
2022
Destination $10.3k Australia
2021 - 2022
FASTEST GROWING MARKET $10.3kAustralia
2022
Imports $3.82MWorld Rnk 16 / 135
Flag Rnk 1048 / 1213
2022
Origin $308k Australia
2021 - 2022
FASTEST GROWING ORIGIN $308kAustralia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $20k in Processed Bones, making it the 67th largest exporter of Processed Bones in the world. At the same year, Processed Bones was the 1160th most exported product in South Korea. The main destination of Processed Bones exports from South Korea are: Australia ($10.4k), Malaysia ($9.04k), Bulgaria ($445), and Hong Kong ($91).

The fastest growing export markets for Processed Bones of South Korea between 2021 and 2022 were Australia ($10.3k), Bulgaria ($445), and Hong Kong ($91).

Imports In 2022, South Korea imported $3.82M in Processed Bones, becoming the 16th largest importer of Processed Bones in the world. At the same year, Processed Bones was the 1048th most imported product in South Korea. South Korea imports Processed Bones primarily from: Australia ($1.03M), India ($740k), Austria ($530k), New Zealand ($483k), and Ireland ($357k).

The fastest growing import markets in Processed Bones for South Korea between 2021 and 2022 were Australia ($308k), New Zealand ($135k), and Belgium ($97.9k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Processed Bones exports accounted up to $0 and imports accounted up to $180k, resulting in a negative trade balance of $180k. Between September 2023 and September 2024 the exports of South Korea's   Processed Bones have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-218k (-54.8%) from $398k to $180k.

Destinations In September 2024, Processed Bones were exported mostly to Bangladesh ($0), Chinese Taipei ($0), United States ($0), Australia ($0), and New Zealand ($0), and were imported mostly from New Zealand ($100k), Australia ($71k), United States ($6k), Chinese Taipei ($3k), and Bangladesh ($0).

Growth In September 2024, the change in Processed Bones's year-by-year exports was explained primarily by a decrease in exports to . In September 2024, the decrease in Processed Bones's year-by-year imports was explained primarily by a decrease in imports from India ($-135k or -49.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (September 2023 - September 2024)$-218k(-54.8%)
MAIN DESTINATION (September 2024)Bangladesh$0

This section shows Processed Bones'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 Processed Bones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20k
IMPORTS (2022)$3.82M
NET TRADE (2022)-$3.8M

In 2022, South Korea exported $20k in Processed Bones. The main destinations of South Korea exports on Processed Bones were Australia ($10.4k), Malaysia ($9.04k), Bulgaria ($445), and Hong Kong ($91).

In 2022, South Korea imported $3.82M in Processed Bones, mainly from Australia ($1.03M), India ($740k), Austria ($530k), New Zealand ($483k), and Ireland ($357k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Bones EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Australia$10.3k (7.23k%)
Bulgaria$445 (1%)
Hong Kong$91 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Bones BY South Korea WERE (2021 - 2022):
Austria-$148k (-100%)
Malaysia-$66.2k (-88%)
Ethiopia-$114 (-100%)
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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 Processed Bones were:
Germany $56.7M
United States $36.2M
Poland $28.9M
In 2022, South Korea's main importing competitors in Processed Bones were:
Japan $47.9M
France $43.7M
Germany $31.6M

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Trade Value of Processed Bones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $853
TOP IMPORT POTENTIALIndia+ $168k

Processed Bones’s highest export potential is China. With an export gap of $853.   Processed Bones’s highest import potential is India with an import gap of $168k.

See methodology.

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