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2023
Exports $112kWorld Rnk 59 / 113
Flag Rnk 1073 / 1188
2023
Destination $34.6k New Zealand
2022 - 2023
FASTEST GROWING MARKET $34.6kItaly
2023
Imports $11.8MWorld Rnk 12 / 210
Flag Rnk 879 / 1208
2023
Origin $4.17M China
2022 - 2023
FASTEST GROWING ORIGIN $4.17MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $112k in Vegetable Fiber, making it the 59th 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: New Zealand ($40.9k), Italy ($34.6k), United States ($10.1k), Philippines ($9.29k), and Brazil ($6.01k).

The fastest growing export markets for Vegetable Fiber of South Korea between 2022 and 2023 were Italy ($34.6k), New Zealand ($5.78k), and Malaysia ($2.87k).

Imports In 2023, South Korea imported $11.8M in Vegetable Fiber, becoming the 12th largest importer of Vegetable Fiber in the world. At the same year, Vegetable Fiber was the 879th most imported product in South Korea. South Korea imports Vegetable Fiber primarily from: China ($6.9M), Japan ($3.89M), Austria ($639k), Thailand ($118k), and United States ($96.8k).

The fastest growing import markets in Vegetable Fiber for South Korea between 2022 and 2023 were China ($4.17M), Japan ($1.91M), and Austria ($192k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Vegetable Fiber exports accounted up to $62k and imports accounted up to $504k, resulting in a negative trade balance of $442k. Between December 2023 and December 2024 the exports of South Korea's   Vegetable Fiber have increased by $37k (148%) from $25k to $62k, while imports increased by $16k (3.28%) from $488k to $504k.

Destinations In December 2024, Vegetable Fiber were exported mostly to Malaysia ($62k), China ($0), Japan ($0), Philippines ($0), and Thailand ($0), and were imported mostly from China ($286k), Austria ($114k), Japan ($61k), Thailand ($31k), and United States ($12k).

Growth In December 2024, the increase in Vegetable Fiber's year-by-year exports was explained primarily by an increase in exports to Japan ($16k or 533%). In December 2024, the increase in Vegetable Fiber's year-by-year imports was explained primarily by an increase in imports from China ($22k or 7.48%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$37k(148%)
IMPORT GROWTH (December 2023 - December 2024)$16k(3.28%)
MAIN DESTINATION (December 2024)Malaysia$62k

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 (2023)$112k
IMPORTS (2023)$11.8M
NET TRADE (2023)-$11.6M

In 2023, South Korea exported $112k in Vegetable Fiber. The main destinations of South Korea exports on Vegetable Fiber were New Zealand ($40.9k), Italy ($34.6k), United States ($10.1k), Philippines ($9.29k), and Brazil ($6.01k).

In 2023, South Korea imported $11.8M in Vegetable Fiber, mainly from China ($6.9M), Japan ($3.89M), Austria ($639k), Thailand ($118k), and United States ($96.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vegetable Fiber EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Italy$34.6k (1%)
New Zealand$5.78k (16.5%)
Malaysia$2.87k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vegetable Fiber BY South Korea WERE (2022 - 2023):
Russia-$54.2k (-100%)
United States-$49.9k (-83.2%)
Japan-$25k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Vegetable Fiber were:
China $134M
Germany $42.3M
France $32.5M
In 2023, South Korea's main importing competitors in Vegetable Fiber were:
Vietnam $49.5M
Germany $36.3M
Spain $32.9M

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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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