2023
Exports
$22.1MWorld Rnk 42 / 174
Flag Rnk 587 / 1188
2023
PRODUCT COMPLEXITY IN Wheat Flours
-1.58Rnk 958 / 1025
2023
Imports
$11.3MWorld Rnk 89 / 224
Flag Rnk 883 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $22.1M in Wheat Flours, making it the 42nd largest exporter of Wheat Flours in the world. At the same year, Wheat Flours was the 587th most exported product in South Korea. The main destination of Wheat Flours exports from South Korea are: United States ($8.69M), Hong Kong ($6.25M), China ($2.29M), Singapore ($2.14M), and Poland ($927k).

The fastest growing export markets for Wheat Flours of South Korea between 2022 and 2023 were Poland ($119k), Macau ($93.8k), and Canada ($35.7k).

Imports In 2023, South Korea imported $11.3M in Wheat Flours, becoming the 89th largest importer of Wheat Flours in the world. At the same year, Wheat Flours was the 883rd most imported product in South Korea. South Korea imports Wheat Flours primarily from: France ($3.49M), Canada ($1.41M), Italy ($1.24M), United States ($1.19M), and Turkey ($1.09M).

The fastest growing import markets in Wheat Flours for South Korea between 2022 and 2023 were United Arab Emirates ($267k), Germany ($189k), and Netherlands ($150k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (17) and Helly Hansen (1) were at the forefront of shipping Wheat Flours from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-24k(-1.39%)
IMPORT GROWTH (December 2023 - December 2024)$-27k(-2.14%)
MAIN DESTINATION (December 2024)United States$714k

This section shows Wheat Flours'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 Wheat Flours over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$22.1M
IMPORTS (2023)$11.3M
NET TRADE (2023)$10.8M

In 2023, South Korea exported $22.1M in Wheat Flours. The main destinations of South Korea exports on Wheat Flours were United States ($8.69M), Hong Kong ($6.25M), China ($2.29M), Singapore ($2.14M), and Poland ($927k).

In 2023, South Korea imported $11.3M in Wheat Flours, mainly from France ($3.49M), Canada ($1.41M), Italy ($1.24M), United States ($1.19M), and Turkey ($1.09M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wheat Flours EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Poland$119k (14.8%)
Macau$93.8k (23.7%)
Canada$35.7k (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wheat Flours BY South Korea WERE (2022 - 2023):
Thailand-$3.87M (-99%)
Hong Kong-$2.08M (-24.9%)
Indonesia-$990k (-58.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Wheat Flours were:
In 2023, South Korea's main importing competitors in Wheat Flours were:

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Trade Value of Wheat Flours by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.1M
TOP IMPORT POTENTIALTurkey+ $1.05M

Wheat Flours’s highest export potential is China. With an export gap of $1.1M.   Wheat Flours’s highest import potential is Turkey with an import gap of $1.05M.

See methodology.

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