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2022
ExportsfalseWorld Rnk 76 / 158
Flag Rnk 1014 / 1204
2021 - 2022
FASTEST GROWING MARKET $18.6kIsrael
2022
PRODUCT COMPLEXITY IN Processed Cereals-0.77Rnk 775 / 1025
2022
Origin $1.52M India
2021 - 2022
FASTEST GROWING ORIGIN $1.52MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $672k in Processed Cereals, making it the 76th largest exporter of Processed Cereals in the world. At the same year, Processed Cereals was the 1014th most exported product in South Korea. The main destination of Processed Cereals exports from South Korea are: United States ($284k), Japan ($85.1k), Israel ($66.7k), Australia ($37.2k), and United Kingdom ($31k).

The fastest growing export markets for Processed Cereals of South Korea between 2021 and 2022 were Israel ($18.6k), Kazakhstan ($18.5k), and Kuwait ($13.4k).

The fastest growing import markets in Processed Cereals for South Korea between 2021 and 2022 were United States ($1.52M), Indonesia ($1.28M), and Canada ($985k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Processed Cereals exports accounted up to $114k and imports accounted up to $2.58M, resulting in a negative trade balance of $2.47M. Between July 2023 and July 2024 the exports of South Korea's   Processed Cereals have increased by $41k (56.2%) from $73k to $114k, while imports increased by $1.21M (88.7%) from $1.37M to $2.58M.

Destinations In July 2024, Processed Cereals were exported mostly to N/A, and were imported mostly from Italy ($841k), India ($831k), Canada ($349k), Ireland ($330k), and United States ($118k).

Growth In July 2024, the increase in Processed Cereals's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Processed Cereals's year-by-year imports was explained primarily by an increase in imports from India ($162k or 97%), Canada ($77k or 80.2%), and Finland ($46k or 128%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$41k(56.2%)
IMPORT GROWTH (July 2023 - July 2024)$1.21M(88.7%)

This section shows Processed Cereals'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 Cereals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$672k

In 2022, South Korea exported $672k in Processed Cereals. The main destinations of South Korea exports on Processed Cereals were United States ($284k), Japan ($85.1k), Israel ($66.7k), Australia ($37.2k), and United Kingdom ($31k).

In N/A, South Korea imported N/A in Processed Cereals, mainly from India ($5.66M), United States ($4.64M), Indonesia ($3.07M), Canada ($1.42M), and Finland ($827k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Cereals EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Israel$18.6k (38.6%)
Kazakhstan$18.5k (1%)
Kuwait$13.4k (2.84k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Cereals BY South Korea WERE (2021 - 2022):
United States-$177k (-38.4%)
Singapore-$90.2k (-97.9%)
China-$82.2k (-94.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Processed Cereals were:
Canada $502M
Germany $183M
United States $168M
In 2022, South Korea's main importing competitors in Processed Cereals were:
United States $597M
Germany $131M
China $127M

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Trade Value of Processed Cereals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $202k
TOP IMPORT POTENTIALCanada+ $759k

Processed Cereals’s highest export potential is United States. With an export gap of $202k.   Processed Cereals’s highest import potential is Canada with an import gap of $759k.

See methodology.

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