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2022
Exports $18.7MWorld Rnk 30 / 104
Flag Rnk 657 / 1204
2022
Destination $5.22M Japan
2021 - 2022
FASTEST GROWING MARKET $5.22MJapan
2022
PRODUCT COMPLEXITY IN Starch Residue-0.09Rnk 577 / 1025
2022
Imports $719MWorld Rnk 1 / 148
Flag Rnk 150 / 1213
2022
Origin $75.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $75.7MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $18.7M in Starch Residue, making it the 30th largest exporter of Starch Residue in the world. At the same year, Starch Residue was the 657th most exported product in South Korea. The main destination of Starch Residue exports from South Korea are: Japan ($12.8M), Vietnam ($2.19M), Malaysia ($1.87M), Thailand ($761k), and Burma ($531k).

The fastest growing export markets for Starch Residue of South Korea between 2021 and 2022 were Japan ($5.22M), Burma ($459k), and Brunei ($114k).

Imports In 2022, South Korea imported $719M in Starch Residue, becoming the 1st largest importer of Starch Residue in the world. At the same year, Starch Residue was the 150th most imported product in South Korea. South Korea imports Starch Residue primarily from: United States ($392M), China ($247M), Egypt ($47.2M), Thailand ($19.6M), and Australia ($7.31M).

The fastest growing import markets in Starch Residue for South Korea between 2021 and 2022 were United States ($75.7M), China ($52.4M), and Egypt ($12.2M).

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Starch Residue exports accounted up to $829k and imports accounted up to $42.7M, resulting in a negative trade balance of $41.8M. Between November 2023 and November 2024 the exports of South Korea's   Starch Residue have decreased by $-296k (-26.3%) from $1.13M to $829k, while imports decreased by $-11.4M (-21.1%) from $54.1M to $42.7M.

Destinations In November 2024, Starch Residue were exported mostly to Japan ($772k), Thailand ($57k), Egypt ($0), China ($0), and India ($0), and were imported mostly from United States ($29.1M), China ($11.6M), Egypt ($1.19M), Australia ($249k), and Vietnam ($150k).

Growth In November 2024, the decrease in Starch Residue's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-37k or -30.3%). In November 2024, the decrease in Starch Residue's year-by-year imports was explained primarily by a decrease in imports from Egypt ($-2.34M or -58.3%), Australia ($-588k or -57.1%), and China ($-48k or -0.19%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-296k(-26.3%)
IMPORT GROWTH (November 2023 - November 2024)$-11.4M(-21.1%)
MAIN DESTINATION (November 2024)Japan$772k

This section shows Starch Residue'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 Starch Residue over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.7M
IMPORTS (2022)$719M
NET TRADE (2022)-$701M

In 2022, South Korea exported $18.7M in Starch Residue. The main destinations of South Korea exports on Starch Residue were Japan ($12.8M), Vietnam ($2.19M), Malaysia ($1.87M), Thailand ($761k), and Burma ($531k).

In 2022, South Korea imported $719M in Starch Residue, mainly from United States ($392M), China ($247M), Egypt ($47.2M), Thailand ($19.6M), and Australia ($7.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Starch Residue EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$5.22M (68.5%)
Burma$459k (636%)
Brunei$114k (240%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Starch Residue BY South Korea WERE (2021 - 2022):
Vietnam-$797k (-26.7%)
Thailand-$288k (-27.5%)
Philippines-$44.7k (-64.5%)
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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 Starch Residue were:
United States $4.14B
China $592M
Russia $277M
In 2022, South Korea's main importing competitors in Starch Residue were:
Mexico $627M
Vietnam $544M

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Trade Value of Starch Residue by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALVietnam+ $728k
TOP IMPORT POTENTIALUkraine+ $1.8M

Starch Residue’s highest export potential is Vietnam. With an export gap of $728k.   Starch Residue’s highest import potential is Ukraine with an import gap of $1.8M.

See methodology.

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