Oils seeds, oleaginous fruits, grains, straw & fodder in South Korea

About

Exports In 2022, South Korea exported $150M in Oils seeds, oleaginous fruits, grains, straw & fodder, making it the 59th largest exporter of Oils seeds, oleaginous fruits, grains, straw & fodder in the world. At the same year, Oils seeds, oleaginous fruits, grains, straw & fodder was the 71st most exported product in South Korea. The main destination of Oils seeds, oleaginous fruits, grains, straw & fodder exports from South Korea are: China ($65.2M), Japan ($14.9M), Hong Kong ($12.5M), Chinese Taipei ($12M), and United States ($11M).

The fastest growing export markets for Oils seeds, oleaginous fruits, grains, straw & fodder of South Korea between 2021 and 2022 were China ($4.01M), Chinese Taipei ($3.83M), and Japan ($2.25M).

Imports In 2022, South Korea imported $2.05B in Oils seeds, oleaginous fruits, grains, straw & fodder, becoming the 15th largest importer of Oils seeds, oleaginous fruits, grains, straw & fodder in the world. At the same year, Oils seeds, oleaginous fruits, grains, straw & fodder was the 39th most imported product in South Korea. South Korea imports Oils seeds, oleaginous fruits, grains, straw & fodder primarily from: United States ($851M), China ($410M), Brazil ($309M), Australia ($140M), and India ($97.5M).

The fastest growing import markets in Oils seeds, oleaginous fruits, grains, straw & fodder for South Korea between 2021 and 2022 were United States ($197M), Brazil ($43.8M), and China ($31.3M).

COMPANIES In 2023, leading companies such as NEXEN TIRE AMERICA INC. (84), WISMETTAC ASIAN FOODS,INC. (7), and NISSAN NORTH AMERICA, INC. (4) were at the forefront of shipping Oils seeds, oleaginous fruits, grains, straw & fodder from South Korea to the United States.

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Oils seeds, oleaginous fruits, grains, straw & fodder exports accounted up to $59.2M and imports accounted up to $148M, resulting in a negative trade balance of $88.9M. Between March 2023 and March 2024 the exports of South Korea's Oils seeds, oleaginous fruits, grains, straw & fodder have decreased by $-2.29M (-3.73%) from $61.5M to $59.2M, while imports increased by $4.43M (3.08%) from $144M to $148M.

Destinations In March 2024, Oils seeds, oleaginous fruits, grains, straw & fodder were exported mostly to Thailand ($15.5M), Russia ($9.57M), Japan ($8.31M), Chinese Taipei ($6.14M), and China ($5.77M), and were imported mostly from United States ($80M), China ($33.1M), Nigeria ($8.71M), Australia ($8.12M), and Russia ($3.07M).

Growth In March 2024, the decrease in Oils seeds, oleaginous fruits, grains, straw & fodder's year-by-year exports was explained primarily by a decrease in exports to China ($-1.36M or -25.2%), United States ($-859k or -30.5%), and Hong Kong ($-699k or -68.5%). In March 2024, the increase in Oils seeds, oleaginous fruits, grains, straw & fodder's year-by-year imports was explained primarily by an increase in imports from United States ($6.89M or 7.11%), Canada ($3.21M or 89.1%), and Spain ($1.1M or 29%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-2.29M(-3.73%)

IMPORT GROWTH (March 2023 - March 2024)$4.43M(3.08%)

MAIN DESTINATION (March 2024)Thailand$15.5M

This section shows Oils seeds, oleaginous fruits, grains, straw & fodder'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 Oils seeds, oleaginous fruits, grains, straw & fodder over time.

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