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2022
Exports $22.5MWorld Rnk 25 / 159
Flag Rnk 628 / 1204
2022
Destination $2.38M Netherlands
2021 - 2022
FASTEST GROWING MARKET $2.38MRussia
2022
PRODUCT COMPLEXITY IN Yeast-0.47Rnk 690 / 1025
2022
Imports $36MWorld Rnk 24 / 222
Flag Rnk 740 / 1213
2022
Origin $811k China
2021 - 2022
FASTEST GROWING ORIGIN $811kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $22.5M in Yeast, making it the 25th largest exporter of Yeast in the world. At the same year, Yeast was the 628th most exported product in South Korea. The main destination of Yeast exports from South Korea are: Netherlands ($8.03M), Russia ($2.92M), Norway ($2.7M), United Kingdom ($2.34M), and Chinese Taipei ($1.73M).

The fastest growing export markets for Yeast of South Korea between 2021 and 2022 were Russia ($2.38M), Norway ($2.18M), and United Kingdom ($1.84M).

Imports In 2022, South Korea imported $36M in Yeast, becoming the 24th largest importer of Yeast in the world. At the same year, Yeast was the 740th most imported product in South Korea. South Korea imports Yeast primarily from: China ($10.2M), United States ($7.48M), Malaysia ($3.08M), Vietnam ($2.1M), and Estonia ($1.89M).

The fastest growing import markets in Yeast for South Korea between 2021 and 2022 were United States ($811k), Malaysia ($729k), and Denmark ($667k).

COMPANIES In 2023, leading companies such as LG Electronics (6), General Motors (2), and Tesla (1) were at the forefront of shipping Yeast from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Yeast exports accounted up to $1.52M and imports accounted up to $3.6M, resulting in a negative trade balance of $2.08M. Between July 2023 and July 2024 the exports of South Korea's   Yeast have increased by $228k (17.6%) from $1.29M to $1.52M, while imports increased by $354k (10.9%) from $3.25M to $3.6M.

Destinations In July 2024, Yeast were exported mostly to Netherlands ($501k), Japan ($316k), Chinese Taipei ($258k), United States ($147k), and Vietnam ($137k), and were imported mostly from China ($895k), France ($700k), United States ($625k), Estonia ($260k), and Lithuania ($185k).

Growth In July 2024, the increase in Yeast's year-by-year exports was explained primarily by an increase in exports to Japan ($164k or 283%), Turkey ($16k or 200%), and Cambodia ($8k or 160%). In July 2024, the increase in Yeast's year-by-year imports was explained primarily by an increase in imports from Malaysia ($97k or 51.6%), Switzerland ($49k or 350%), and Germany ($48k or 282%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$228k(17.6%)
IMPORT GROWTH (July 2023 - July 2024)$354k(10.9%)
MAIN DESTINATION (July 2024)Netherlands$501k

This section shows Yeast'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 Yeast over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.5M
IMPORTS (2022)$36M
NET TRADE (2022)-$13.5M

In 2022, South Korea exported $22.5M in Yeast. The main destinations of South Korea exports on Yeast were Netherlands ($8.03M), Russia ($2.92M), Norway ($2.7M), United Kingdom ($2.34M), and Chinese Taipei ($1.73M).

In 2022, South Korea imported $36M in Yeast, mainly from China ($10.2M), United States ($7.48M), Malaysia ($3.08M), Vietnam ($2.1M), and Estonia ($1.89M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Yeast EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$2.38M (437%)
Norway$2.18M (420%)
United Kingdom$1.84M (366%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Yeast BY South Korea WERE (2021 - 2022):
Japan-$625k (-28%)
Vietnam-$298k (-48.7%)
Chinese Taipei-$114k (-6.19%)
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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 Yeast were:
China $384M
Turkey $259M
France $247M
In 2022, South Korea's main importing competitors in Yeast were:
United States $439M
France $140M
Germany $100M

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Trade Value of Yeast by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.22M
TOP IMPORT POTENTIALChina+ $3.04M

Yeast’s highest export potential is United States. With an export gap of $1.22M.   Yeast’s highest import potential is China with an import gap of $3.04M.

See methodology.

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