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2022
Exports $128kWorld Rnk 79 / 145
Flag Rnk 1112 / 1204
2022
Destination $33k India
2021 - 2022
FASTEST GROWING MARKET $33kVietnam
2022
PRODUCT COMPLEXITY IN Spice Seeds-1.2Rnk 880 / 1025
2022
Imports $3.87MWorld Rnk 50 / 216
Flag Rnk 1046 / 1213
2022
Origin $77.6k India
2021 - 2022
FASTEST GROWING ORIGIN $77.6kIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $128k in Spice Seeds, making it the 79th largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 1112th most exported product in South Korea. The main destination of Spice Seeds exports from South Korea are: India ($74.7k), Vietnam ($33k), Switzerland ($10.3k), Singapore ($8.2k), and Mexico ($836).

The fastest growing export markets for Spice Seeds of South Korea between 2021 and 2022 were Vietnam ($33k), India ($22.5k), and Switzerland ($10.3k).

Imports In 2022, South Korea imported $3.87M in Spice Seeds, becoming the 50th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 1046th most imported product in South Korea. South Korea imports Spice Seeds primarily from: India ($1.59M), Vietnam ($695k), Morocco ($586k), Egypt ($269k), and Turkey ($222k).

The fastest growing import markets in Spice Seeds for South Korea between 2021 and 2022 were India ($77.6k), Morocco ($70.8k), and Egypt ($41.9k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Spice Seeds exports accounted up to $0 and imports accounted up to $114k, resulting in a negative trade balance of $114k. Between July 2023 and July 2024 the exports of South Korea's   Spice Seeds have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-46k (-28.7%) from $160k to $114k.

Destinations In July 2024, Spice Seeds were exported mostly to Egypt ($0), Morocco ($0), United Arab Emirates ($0), China ($0), and Indonesia ($0), and were imported mostly from India ($68k), Vietnam ($29k), Italy ($5k), North Macedonia ($5k), and United States ($4k).

Growth In July 2024, the change in Spice Seeds's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the decrease in Spice Seeds's year-by-year imports was explained primarily by a decrease in imports from India ($-147k or -90.2%), Turkey ($-48k or -70.6%), and Vietnam ($-39k or -46.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$-46k(-28.7%)
MAIN DESTINATION (July 2024)Egypt$0

This section shows Spice 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 Spice Seeds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$128k
IMPORTS (2022)$3.87M
NET TRADE (2022)-$3.74M

In 2022, South Korea exported $128k in Spice Seeds. The main destinations of South Korea exports on Spice Seeds were India ($74.7k), Vietnam ($33k), Switzerland ($10.3k), Singapore ($8.2k), and Mexico ($836).

In 2022, South Korea imported $3.87M in Spice Seeds, mainly from India ($1.59M), Vietnam ($695k), Morocco ($586k), Egypt ($269k), and Turkey ($222k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$33k (1%)
India$22.5k (43.2%)
Switzerland$10.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY South Korea WERE (2021 - 2022):
Netherlands-$54.1k (-100%)
United Arab Emirates-$6.84k (-100%)
Macau-$451 (-100%)
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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 Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, South Korea's main importing competitors in Spice Seeds were:
China $136M
India $119M
United States $99.7M

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $47.4k
TOP IMPORT POTENTIALIndia+ $1.06M

Spice Seeds’s highest export potential is India. With an export gap of $47.4k.   Spice Seeds’s highest import potential is India with an import gap of $1.06M.

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