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Exports In 2022, South Korea exported $4.51M in Tomato ketchup and other tomato sauces, making it the 44th largest exporter of Tomato ketchup and other tomato sauces in the world. At the same year, Tomato ketchup and other tomato sauces was the 2216th most exported product in South Korea. The main destination of Tomato ketchup and other tomato sauces exports from South Korea are: Russia ($1.59M), Chinese Taipei ($1.32M), China ($756k), Mongolia ($319k), and Philippines ($80.8k).

The fastest growing export markets for Tomato ketchup and other tomato sauces of South Korea between 2021 and 2022 were Chinese Taipei ($1.14M), Mongolia ($129k), and Russia ($105k).

Imports In 2022, South Korea imported $14.3M in Tomato ketchup and other tomato sauces, becoming the 39th largest importer of Tomato ketchup and other tomato sauces in the world. At the same year, Tomato ketchup and other tomato sauces was the 2128th most imported product in South Korea. South Korea imports Tomato ketchup and other tomato sauces primarily from: United States ($9.28M), Netherlands ($1.55M), Spain ($1.44M), Italy ($590k), and Turkey ($340k).

The fastest growing import markets in Tomato ketchup and other tomato sauces for South Korea between 2021 and 2022 were United States ($930k), Spain ($504k), and Thailand ($173k).

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 Tomato ketchup and other tomato sauces from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Tomato ketchup and other tomato sauces. 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)$4.51M
IMPORTS (2022)$14.3M
NET TRADE (2022)-$9.8M

In 2022, South Korea exported $4.51M in Tomato ketchup and other tomato sauces. The main destinations of South Korea exports on Tomato ketchup and other tomato sauces were Russia ($1.59M), Chinese Taipei ($1.32M), China ($756k), Mongolia ($319k), and Philippines ($80.8k).

In 2022, South Korea imported $14.3M in Tomato ketchup and other tomato sauces, mainly from United States ($9.28M), Netherlands ($1.55M), Spain ($1.44M), Italy ($590k), and Turkey ($340k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tomato ketchup and other tomato sauces EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$1.14M (637%)
Mongolia$129k (67.7%)
Russia$105k (7.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tomato ketchup and other tomato sauces BY South Korea WERE (2021 - 2022):
China-$600k (-44.2%)
Vietnam-$59.7k (-46.6%)
United States-$57.3k (-70.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, South Korea's main exporting competitors in Tomato ketchup and other tomato sauces were:
In 2022, South Korea's main importing competitors in Tomato ketchup and other tomato sauces were:

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Trade Value of Tomato ketchup and other tomato sauces by Exporters

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