Vanilla in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $38.8k in Vanilla, making it the 63rd largest exporter of Vanilla in the world. At the same year, Vanilla was the 1150th most exported product in South Korea. The main destination of Vanilla exports from South Korea are: Mongolia ($24.4k), Singapore ($6.89k), United Kingdom ($6.69k), Slovenia ($300), and Italy ($280).

The fastest growing export markets for Vanilla of South Korea between 2021 and 2022 were Mongolia ($16.7k), United Kingdom ($6.69k), and Italy ($280).

Imports In 2022, South Korea imported $3.15M in Vanilla, becoming the 20th largest importer of Vanilla in the world. At the same year, Vanilla was the 1066th most imported product in South Korea. South Korea imports Vanilla primarily from: Madagascar ($1.89M), Indonesia ($520k), Papua New Guinea ($246k), Mauritius ($147k), and Australia ($122k).

The fastest growing import markets in Vanilla for South Korea between 2021 and 2022 were Indonesia ($318k), Mauritius ($147k), and Australia ($107k).

Latest Trends

July 2024

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Overview In July 2024 South Korea's Vanilla exports accounted up to $46k and imports accounted up to $426k, resulting in a negative trade balance of $380k. Between July 2023 and July 2024 the exports of South Korea's Vanilla have increased by $46k (N/A%) from $0 to $46k, while imports increased by $166k (63.8%) from $260k to $426k.

Destinations In July 2024, Vanilla were exported mostly to Russia ($44k), Hong Kong ($1k), Singapore ($1k), Madagascar ($0), and Indonesia ($0), and were imported mostly from Madagascar ($392k), Indonesia ($13k), Singapore ($10k), France ($5k), and Papua New Guinea ($3k).

Growth In July 2024, the increase in Vanilla's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Vanilla's year-by-year imports was explained primarily by an increase in imports from Madagascar ($50k or 22.8%) and Papua New Guinea ($2k or 28.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$46k(N/A%)

IMPORT GROWTH (July 2023 - July 2024)$166k(63.8%)

MAIN DESTINATION (July 2024)Russia$44k

This section shows Vanilla'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 Vanilla over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$38.8k

IMPORTS (2022)$3.15M

NET TRADE (2022)-$3.11M

In 2022, South Korea exported $38.8k in Vanilla. The main destinations of South Korea exports on Vanilla were Mongolia ($24.4k), Singapore ($6.89k), United Kingdom ($6.69k), Slovenia ($300), and Italy ($280).

In 2022, South Korea imported $3.15M in Vanilla, mainly from Madagascar ($1.89M), Indonesia ($520k), Papua New Guinea ($246k), Mauritius ($147k), and Australia ($122k).

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