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2023
Exports $2.82kWorld Rnk 86 / 115
Flag Rnk 1164 / 1188
falsefalse United States
2022 - 2023
FASTEST GROWING MARKETfalsefalse
2023
PRODUCT COMPLEXITY IN Sorghum-2.19Rnk 1008 / 1025
2023
Imports $3.11MWorld Rnk 33 / 159
Flag Rnk 1043 / 1208
2022 - 2023
FASTEST GROWING ORIGINfalseUnited States
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $2.82k in Sorghum, making it the 86th largest exporter of Sorghum in the world. At the same year, Sorghum was the 1164th most exported product in South Korea. The main destination of Sorghum exports from South Korea are: United States ($2.82k).

Imports In 2023, South Korea imported $3.11M in Sorghum, becoming the 33rd largest importer of Sorghum in the world. At the same year, Sorghum was the 1043rd most imported product in South Korea. South Korea imports Sorghum primarily from: China ($1.5M), United States ($1.21M), Ukraine ($215k), Australia ($161k), and India ($28.8k).

The fastest growing import markets in Sorghum for South Korea between 2022 and 2023 were United States ($1.14M), Ukraine ($91.6k), and Australia ($44.4k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Sorghum exports accounted up to $8k and imports accounted up to $38k, resulting in a negative trade balance of $30k. Between December 2023 and December 2024 the exports of South Korea's   Sorghum have increased by $6k (300%) from $2k to $8k, while imports decreased by $-258k (-87.2%) from $296k to $38k.

Destinations In December 2024, Sorghum were exported mostly to Canada ($7k), United States ($1k), Senegal ($0), and China ($0), and were imported mostly from China ($38k), Senegal ($0), Canada ($0), and United States ($0).

Growth In December 2024, the increase in Sorghum's year-by-year exports was explained primarily by an increase in exports to United States ($10k or 500%). In December 2024, the decrease in Sorghum's year-by-year imports was explained primarily by a decrease in imports from China ($-226k or -93.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6k(300%)
IMPORT GROWTH (December 2023 - December 2024)$-258k(-87.2%)
MAIN DESTINATION (December 2024)Canada$7k

This section shows Sorghum'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 Sorghum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.82k
IMPORTS (2023)$3.11M
NET TRADE (2023)-$3.1M

In 2023, South Korea exported $2.82k in Sorghum. The main destinations of South Korea exports on Sorghum were United States ($2.82k).

In 2023, South Korea imported $3.11M in Sorghum, mainly from China ($1.5M), United States ($1.21M), Ukraine ($215k), Australia ($161k), and India ($28.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sorghum BY South Korea WERE (2022 - 2023):
France-$5.5k (-100%)
Canada-$4.16k (-100%)
United States-$1.29k (-31.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Sorghum were:
United States $1.18B
Australia $769M
Argentina $219M
In 2023, South Korea's main importing competitors in Sorghum were:
China $1.85B
Japan $63.3M
Kenya $48.1M

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Trade Value of Sorghum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $2.18k
TOP IMPORT POTENTIALUnited States+ $715k

Sorghum’s highest export potential is France. With an export gap of $2.18k.   Sorghum’s highest import potential is United States with an import gap of $715k.

See methodology.

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