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2022
Exports $137MWorld Rnk 25 / 179
Flag Rnk 334 / 1204
2022
Destination $1.59M China
2021 - 2022
FASTEST GROWING MARKET $1.59MUnited States
2022
PRODUCT COMPLEXITY IN Processed Fish-1.45Rnk 941 / 1025
2022
Imports $289MWorld Rnk 13 / 222
Flag Rnk 282 / 1213
2022
Origin $21.2M China
2021 - 2022
FASTEST GROWING ORIGIN $21.2MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $137M in Processed Fish, making it the 25th largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 334th most exported product in South Korea. The main destination of Processed Fish exports from South Korea are: China ($45.6M), United States ($30.8M), Japan ($14M), Portugal ($5.69M), and Canada ($4.42M).

The fastest growing export markets for Processed Fish of South Korea between 2021 and 2022 were United States ($1.59M), Portugal ($920k), and Mongolia ($768k).

Imports In 2022, South Korea imported $289M in Processed Fish, becoming the 13th largest importer of Processed Fish in the world. At the same year, Processed Fish was the 282nd most imported product in South Korea. South Korea imports Processed Fish primarily from: China ($160M), Vietnam ($59.1M), Norway ($17.1M), Thailand ($15.8M), and Iceland ($8.53M).

The fastest growing import markets in Processed Fish for South Korea between 2021 and 2022 were China ($21.2M), Vietnam ($10.1M), and Norway ($5.96M).

COMPANIES In 2023, leading companies such as LG Electronics (25), Samsung (1), and Wismettac Asian Foods (1) were at the forefront of shipping Processed Fish from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Processed Fish exports accounted up to $9.81M and imports accounted up to $19.1M, resulting in a negative trade balance of $9.25M. Between September 2023 and September 2024 the exports of South Korea's   Processed Fish have decreased by $-2.09M (-17.6%) from $11.9M to $9.81M, while imports decreased by $-1.47M (-7.14%) from $20.5M to $19.1M.

Destinations In September 2024, Processed Fish were exported mostly to China ($3.19M), United States ($1.78M), Japan ($855k), Canada ($540k), and Mongolia ($421k), and were imported mostly from China ($7.26M), Vietnam ($6.51M), Thailand ($1.32M), Indonesia ($835k), and Japan ($596k).

Growth In September 2024, the decrease in Processed Fish's year-by-year exports was explained primarily by a decrease in exports to United States ($-502k or -18.3%), Germany ($-421k or -100%), and Japan ($-341k or -30.3%). In September 2024, the decrease in Processed Fish's year-by-year imports was explained primarily by a decrease in imports from China ($-1.98M or -20.9%), United Kingdom ($-623k or -100%), and Denmark ($-387k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-2.09M(-17.6%)
IMPORT GROWTH (September 2023 - September 2024)$-1.47M(-7.14%)
MAIN DESTINATION (September 2024)China$3.19M

This section shows Processed Fish'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 Fish over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$137M
IMPORTS (2022)$289M
NET TRADE (2022)-$152M

In 2022, South Korea exported $137M in Processed Fish. The main destinations of South Korea exports on Processed Fish were China ($45.6M), United States ($30.8M), Japan ($14M), Portugal ($5.69M), and Canada ($4.42M).

In 2022, South Korea imported $289M in Processed Fish, mainly from China ($160M), Vietnam ($59.1M), Norway ($17.1M), Thailand ($15.8M), and Iceland ($8.53M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.59M (5.45%)
Portugal$920k (19.3%)
Mongolia$768k (23%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY South Korea WERE (2021 - 2022):
China-$11M (-19.4%)
Malaysia-$783k (-52.2%)
Canada-$666k (-13.1%)
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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 Processed Fish were:
China $3.71B
Thailand $3.1B
Ecuador $1.5B
In 2022, South Korea's main importing competitors in Processed Fish were:
United States $2.22B
Japan $1.73B
Italy $1.31B

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $6.44M
TOP IMPORT POTENTIALChina+ $23.9M

Processed Fish’s highest export potential is United States. With an export gap of $6.44M.   Processed Fish’s highest import potential is China with an import gap of $23.9M.

See methodology.

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