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2022
Exports $188World Rnk 92 / 103
Flag Rnk 1201 / 1204
2022
Destination $188 Bahrain
2021 - 2022
FASTEST GROWING MARKET $188Bahrain
2022
Imports $33.1MWorld Rnk 5 / 143
Flag Rnk 755 / 1213
2022
Origin $7.84MN/A
2021 - 2022
FASTEST GROWING ORIGIN $7.84MSpain
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $188 in Cereal Straws, making it the 92nd largest exporter of Cereal Straws in the world. At the same year, Cereal Straws was the 1201st most exported product in South Korea. The main destination of Cereal Straws exports from South Korea are: Bahrain ($188).

The fastest growing export markets for Cereal Straws of South Korea between 2021 and 2022 were Bahrain ($188).

Imports In 2022, South Korea imported $33.1M in Cereal Straws, becoming the 5th largest importer of Cereal Straws in the world. At the same year, Cereal Straws was the 755th most imported product in South Korea. South Korea imports Cereal Straws primarily from: N/A.

The fastest growing import markets in Cereal Straws for South Korea between 2021 and 2022 were Spain ($7.84M), Pakistan ($2.73M), and Australia ($2.49M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Cereal Straws exports accounted up to $0 and imports accounted up to $1.55M, resulting in a negative trade balance of $1.55M. Between July 2023 and July 2024 the exports of South Korea's   Cereal Straws have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $869k (127%) from $683k to $1.55M.

Destinations In July 2024, Cereal Straws were exported mostly to China ($0), Pakistan ($0), Spain ($0), Russia ($0), and Ukraine ($0), and were imported mostly from Australia ($1.02M), Pakistan ($277k), Russia ($111k), Canada ($88k), and China ($45k).

Growth In July 2024, the change in Cereal Straws's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Cereal Straws's year-by-year imports was explained primarily by an increase in imports from Spain ($1.64M or 123%), Canada ($263k or 877%), and Australia ($143k or 17.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$869k(127%)
MAIN DESTINATION (July 2024)China$0

This section shows Cereal Straws'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 Cereal Straws over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$188
IMPORTS (2022)$33.1M
NET TRADE (2022)-$33.1M

In 2022, South Korea exported $188 in Cereal Straws. The main destinations of South Korea exports on Cereal Straws were Bahrain ($188).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cereal Straws EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Bahrain$188 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cereal Straws BY South Korea WERE (2021 - 2022):
United Arab Emirates-$1.39k (-100%)
Uganda-$3 (-100%)
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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 Cereal Straws were:
Spain $88.8M
France $60.2M
Australia $56.1M
In 2022, South Korea's main importing competitors in Cereal Straws were:
Switzerland $64.6M
Japan $49.6M
Netherlands $35.3M

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Trade Value of Cereal Straws by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $310
TOP IMPORT POTENTIALUnited States+ $140k

Cereal Straws’s highest export potential is Japan. With an export gap of $310.   Cereal Straws’s highest import potential is United States with an import gap of $140k.

See methodology.

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