2022
Exports
$40.5MWorld Rnk 25 / 167
Flag Rnk 996 / 4439
falsefalseN/A
2022
Imports
$38.2MWorld Rnk 19 / 223
Flag Rnk 1376 / 4519
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

The fastest growing export markets for Soups and broths and preparations thereof of South Korea between 2021 and 2022 were Japan ($1.11M), United States ($887k), and Australia ($514k).

Imports In 2022, South Korea imported $38.2M in Soups and broths and preparations thereof, becoming the 19th largest importer of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 1376th most imported product in South Korea. South Korea imports Soups and broths and preparations thereof primarily from: Japan ($11.5M), Australia ($6.73M), United States ($4.36M), Malaysia ($3.81M), and New Zealand ($3.55M).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Soups and broths and preparations thereof from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soups and broths and preparations thereof. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.5M
IMPORTS (2022)$38.2M
NET TRADE (2022)$2.2M

In 2022, South Korea imported $38.2M in Soups and broths and preparations thereof, mainly from Japan ($11.5M), Australia ($6.73M), United States ($4.36M), Malaysia ($3.81M), and New Zealand ($3.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and broths and preparations thereof EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$1.11M (17.5%)
United States$887k (5.69%)
Australia$514k (31.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and broths and preparations thereof BY South Korea WERE (2021 - 2022):
Canada-$1.15M (-47.4%)
Singapore-$324k (-34.7%)
Vietnam-$307k (-33%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Soups and broths and preparations thereof were:
In 2022, South Korea's main importing competitors in Soups and broths and preparations thereof were:

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Trade Value of Soups and broths and preparations thereof by Exporters

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