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2022
Exports $263kWorld Rnk 55 / 120
Flag Rnk 1073 / 1204
2022
Destination $66.3k Japan
2021 - 2022
FASTEST GROWING MARKET $66.3kJapan
2022
Imports $11.1MWorld Rnk 17 / 206
Flag Rnk 927 / 1213
2022
Origin $1.32M China
2021 - 2022
FASTEST GROWING ORIGIN $1.32MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $263k in Vegetable Fiber, making it the 55th largest exporter of Vegetable Fiber in the world. At the same year, Vegetable Fiber was the 1073rd most exported product in South Korea. The main destination of Vegetable Fiber exports from South Korea are: Japan ($76.5k), Russia ($54.2k), New Zealand ($48.2k), United States ($29k), and India ($11k).

The fastest growing export markets for Vegetable Fiber of South Korea between 2021 and 2022 were Japan ($66.3k), Russia ($54.2k), and United States ($20.8k).

Imports In 2022, South Korea imported $11.1M in Vegetable Fiber, becoming the 17th largest importer of Vegetable Fiber in the world. At the same year, Vegetable Fiber was the 927th most imported product in South Korea. South Korea imports Vegetable Fiber primarily from: China ($5.29M), Japan ($4.64M), Thailand ($634k), Austria ($298k), and United States ($99.4k).

The fastest growing import markets in Vegetable Fiber for South Korea between 2021 and 2022 were China ($1.32M), Japan ($687k), and Thailand ($517k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Vegetable Fiber exports accounted up to $64k and imports accounted up to $543k, resulting in a negative trade balance of $479k. Between July 2023 and July 2024 the exports of South Korea's   Vegetable Fiber have increased by $52k (433%) from $12k to $64k, while imports increased by $161k (42.1%) from $382k to $543k.

Destinations In July 2024, Vegetable Fiber were exported mostly to Russia ($34k), Japan ($30k), China ($0), Vietnam ($0), and Austria ($0), and were imported mostly from China ($395k), Japan ($103k), Austria ($45k), Vietnam ($0), and Russia ($0).

Growth In July 2024, the increase in Vegetable Fiber's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Vegetable Fiber's year-by-year imports was explained primarily by an increase in imports from United States ($114k or 950%) and Thailand ($11k or 55%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$52k(433%)
IMPORT GROWTH (July 2023 - July 2024)$161k(42.1%)
MAIN DESTINATION (July 2024)Russia$34k

This section shows Vegetable Fiber'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 Vegetable Fiber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$263k
IMPORTS (2022)$11.1M
NET TRADE (2022)-$10.8M

In 2022, South Korea exported $263k in Vegetable Fiber. The main destinations of South Korea exports on Vegetable Fiber were Japan ($76.5k), Russia ($54.2k), New Zealand ($48.2k), United States ($29k), and India ($11k).

In 2022, South Korea imported $11.1M in Vegetable Fiber, mainly from China ($5.29M), Japan ($4.64M), Thailand ($634k), Austria ($298k), and United States ($99.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vegetable Fiber EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$66.3k (651%)
Russia$54.2k (1%)
United States$20.8k (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Fiber BY South Korea WERE (2021 - 2022):
Indonesia-$318k (-98.9%)
Senegal-$246k (-100%)
Philippines-$69.2k (-91%)
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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 Vegetable Fiber were:
China $135M
Germany $37.3M
Czechia $30.1M
In 2022, South Korea's main importing competitors in Vegetable Fiber were:
Germany $47.4M
United States $38.8M
Switzerland $22.8M

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Trade Value of Vegetable Fiber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28.1k
TOP IMPORT POTENTIALChina+ $424k

Vegetable Fiber’s highest export potential is United States. With an export gap of $28.1k.   Vegetable Fiber’s highest import potential is China with an import gap of $424k.

See methodology.

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