2022
Exports
$3.08MWorld Rnk 46 / 154
Flag Rnk 882 / 1204
2022
PRODUCT COMPLEXITY IN Root Vegetables
-0.71Rnk 758 / 1025
2022
Imports
$89.3MWorld Rnk 7 / 212
Flag Rnk 536 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.08M in Root Vegetables, making it the 46th largest exporter of Root Vegetables in the world. At the same year, Root Vegetables was the 882nd most exported product in South Korea. The main destination of Root Vegetables exports from South Korea are: United States ($2.04M), Canada ($212k), Guam ($143k), Hong Kong ($103k), and Vietnam ($100k).

The fastest growing export markets for Root Vegetables of South Korea between 2021 and 2022 were Philippines ($39.7k), China ($14.7k), and Kazakhstan ($7.5k).

Imports In 2022, South Korea imported $89.3M in Root Vegetables, becoming the 7th largest importer of Root Vegetables in the world. At the same year, Root Vegetables was the 536th most imported product in South Korea. South Korea imports Root Vegetables primarily from: China ($84.6M), Vietnam ($3.99M), Japan ($516k), Netherlands ($39.3k), and Indonesia ($35.7k).

The fastest growing import markets in Root Vegetables for South Korea between 2021 and 2022 were China ($7.14M), Japan ($104k), and Vietnam ($52.9k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (16) and Walong Marketing (1) were at the forefront of shipping Root Vegetables from South Korea to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.08M
IMPORTS (2022)$89.3M
NET TRADE (2022)-$86.2M

In 2022, South Korea exported $3.08M in Root Vegetables. The main destinations of South Korea exports on Root Vegetables were United States ($2.04M), Canada ($212k), Guam ($143k), Hong Kong ($103k), and Vietnam ($100k).

In 2022, South Korea imported $89.3M in Root Vegetables, mainly from China ($84.6M), Vietnam ($3.99M), Japan ($516k), Netherlands ($39.3k), and Indonesia ($35.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Root Vegetables EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$39.7k (578%)
China$14.7k (1%)
Kazakhstan$7.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Root Vegetables BY South Korea WERE (2021 - 2022):
United States-$225k (-9.93%)
Russia-$73.6k (-62.1%)
Canada-$51.2k (-19.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Root Vegetables were:
In 2022, South Korea's main importing competitors in Root Vegetables were:

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Trade Value of Root Vegetables by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $148k
TOP IMPORT POTENTIALNetherlands+ $294k

Root Vegetables’s highest export potential is United States. With an export gap of $148k.   Root Vegetables’s highest import potential is Netherlands with an import gap of $294k.

See methodology.

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