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2022
Exports $250kWorld Rnk 123 / 192
Flag Rnk 1075 / 1204
2022
Destination $14.4k Hong Kong
2021 - 2022
FASTEST GROWING MARKET $14.4kHong Kong
2022
PRODUCT COMPLEXITY IN Tropical Fruits-1.79Rnk 981 / 1025
2022
Imports $173MWorld Rnk 16 / 217
Flag Rnk 397 / 1213
2022
Origin $10.6M Philippines
2021 - 2022
FASTEST GROWING ORIGIN $10.6MPhilippines
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $250k in Tropical Fruits, making it the 123rd largest exporter of Tropical Fruits in the world. At the same year, Tropical Fruits was the 1075th most exported product in South Korea. The main destination of Tropical Fruits exports from South Korea are: Hong Kong ($114k), Singapore ($66k), Mongolia ($20.4k), Russia ($14.4k), and Malaysia ($14.3k).

The fastest growing export markets for Tropical Fruits of South Korea between 2021 and 2022 were Hong Kong ($14.4k), Russia ($14.4k), and Czechia ($8.26k).

Imports In 2022, South Korea imported $173M in Tropical Fruits, becoming the 16th largest importer of Tropical Fruits in the world. At the same year, Tropical Fruits was the 397th most imported product in South Korea. South Korea imports Tropical Fruits primarily from: Philippines ($63.5M), Peru ($41.6M), Thailand ($35M), Vietnam ($7.63M), and United States ($4.63M).

The fastest growing import markets in Tropical Fruits for South Korea between 2021 and 2022 were Philippines ($10.6M), Vietnam ($1.41M), and Australia ($330k).

COMPANIES In 2023, leading companies such as Volvo (634), Cosentino (1), and Walmart (1) were at the forefront of shipping Tropical Fruits from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Tropical Fruits exports accounted up to $7k and imports accounted up to $19.2M, resulting in a negative trade balance of $19.2M. Between October 2023 and October 2024 the exports of South Korea's   Tropical Fruits have decreased by $-9k (-56.3%) from $16k to $7k, while imports increased by $5.91M (44.5%) from $13.3M to $19.2M.

Destinations In October 2024, Tropical Fruits were exported mostly to Vietnam ($5k), Mongolia ($2k), Algeria ($0), Tunisia ($0), and United Arab Emirates ($0), and were imported mostly from Philippines ($8.07M), Thailand ($3.15M), New Zealand ($2.78M), Brazil ($1.79M), and Vietnam ($1.38M).

Growth In October 2024, the decrease in Tropical Fruits's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-4k or -100%). In October 2024, the increase in Tropical Fruits's year-by-year imports was explained primarily by an increase in imports from Philippines ($809k or 24.2%), Mexico ($650k or 116%), and Thailand ($353k or 15%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-9k(-56.3%)
IMPORT GROWTH (October 2023 - October 2024)$5.91M(44.5%)
MAIN DESTINATION (October 2024)Vietnam$5k

This section shows Tropical Fruits'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 Tropical Fruits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$250k
IMPORTS (2022)$173M
NET TRADE (2022)-$173M

In 2022, South Korea exported $250k in Tropical Fruits. The main destinations of South Korea exports on Tropical Fruits were Hong Kong ($114k), Singapore ($66k), Mongolia ($20.4k), Russia ($14.4k), and Malaysia ($14.3k).

In 2022, South Korea imported $173M in Tropical Fruits, mainly from Philippines ($63.5M), Peru ($41.6M), Thailand ($35M), Vietnam ($7.63M), and United States ($4.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tropical Fruits EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$14.4k (14.5%)
Russia$14.4k (1%)
Czechia$8.26k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tropical Fruits BY South Korea WERE (2021 - 2022):
Netherlands-$64.6k (-100%)
Malaysia-$15.2k (-51.4%)
United States-$5.3k (-90.9%)
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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 Tropical Fruits were:
Mexico $3.9B
Peru $1.32B
Netherlands $1.25B
In 2022, South Korea's main importing competitors in Tropical Fruits were:
United States $4.75B
Netherlands $1.3B
China $862M

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Trade Value of Tropical Fruits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $28.1k
TOP IMPORT POTENTIALMexico+ $5.3M

Tropical Fruits’s highest export potential is Hong Kong. With an export gap of $28.1k.   Tropical Fruits’s highest import potential is Mexico with an import gap of $5.3M.

See methodology.

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