Sowing Seeds in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $50.4M in Sowing Seeds, making it the 26th largest exporter of Sowing Seeds in the world. At the same year, Sowing Seeds was the 487th most exported product in South Korea. The main destination of Sowing Seeds exports from South Korea are: China ($13M), United States ($6.69M), India ($6.49M), Japan ($3.33M), and Pakistan ($2.8M).

The fastest growing export markets for Sowing Seeds of South Korea between 2021 and 2022 were China ($880k), Egypt ($612k), and Dominican Republic ($467k).

Imports In 2022, South Korea imported $104M in Sowing Seeds, becoming the 18th largest importer of Sowing Seeds in the world. At the same year, Sowing Seeds was the 504th most imported product in South Korea. South Korea imports Sowing Seeds primarily from: United States ($31.5M), China ($23M), Japan ($8.25M), Netherlands ($6.82M), and Chile ($5.74M).

The fastest growing import markets in Sowing Seeds for South Korea between 2021 and 2022 were Chile ($1.99M), United States ($742k), and Denmark ($194k).

COMPANIES In 2023, leading companies such as Nexen Tire (84) and LG Electronics (1) were at the forefront of shipping Sowing Seeds from South Korea to the United States.

Latest Trends

April 2024

About

Overview In April 2024 South Korea's Sowing Seeds exports accounted up to $3.28M and imports accounted up to $23.7M, resulting in a negative trade balance of $20.4M. Between April 2023 and April 2024 the exports of South Korea's Sowing Seeds have decreased by $-60k (-1.8%) from $3.34M to $3.28M, while imports increased by $13.2M (125%) from $10.5M to $23.7M.

Destinations In April 2024, Sowing Seeds were exported mostly to China ($1.25M), Spain ($244k), India ($209k), Dominican Republic ($179k), and Netherlands ($168k), and were imported mostly from Australia ($15.7M), United States ($1.98M), China ($1.83M), New Zealand ($823k), and Denmark ($648k).

Growth In April 2024, the decrease in Sowing Seeds's year-by-year exports was explained primarily by a decrease in exports to Pakistan ($-100k or -87%), Australia ($-96k or -82.8%), and Kyrgyzstan ($-91k or -100%). In April 2024, the increase in Sowing Seeds's year-by-year imports was explained primarily by an increase in imports from China ($1.51M or 46.7%), Thailand ($604k or 225%), and Chile ($544k or 171%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-60k(-1.8%)

IMPORT GROWTH (April 2023 - April 2024)$13.2M(125%)

MAIN DESTINATION (April 2024)China$1.25M

This section shows Sowing Seeds'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 Sowing Seeds over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$50.4M

IMPORTS (2022)$104M

NET TRADE (2022)-$53.7M

In 2022, South Korea exported $50.4M in Sowing Seeds. The main destinations of South Korea exports on Sowing Seeds were China ($13M), United States ($6.69M), India ($6.49M), Japan ($3.33M), and Pakistan ($2.8M).

In 2022, South Korea imported $104M in Sowing Seeds, mainly from United States ($31.5M), China ($23M), Japan ($8.25M), Netherlands ($6.82M), and Chile ($5.74M).

Explore Visualizations