2022
Exports
$61.1kWorld Rnk 44 / 85
Flag Rnk 1136 / 1204
2022
PRODUCT COMPLEXITY IN Hops
0.45Rnk 387 / 1025
2022
Imports
$6.53MWorld Rnk 24 / 160
Flag Rnk 992 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $61.1k in Hops, making it the 44th largest exporter of Hops in the world. At the same year, Hops was the 1136th most exported product in South Korea. The main destination of Hops exports from South Korea are: United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

The fastest growing export markets for Hops of South Korea between 2021 and 2022 were United States ($38.4k), Hong Kong ($21.8k), and Philippines ($811).

Imports In 2022, South Korea imported $6.53M in Hops, becoming the 24th largest importer of Hops in the world. At the same year, Hops was the 992nd most imported product in South Korea. South Korea imports Hops primarily from: Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

The fastest growing import markets in Hops for South Korea between 2021 and 2022 were Germany ($1.46M), France ($101k), and New Zealand ($65.8k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hops. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61.1k
IMPORTS (2022)$6.53M
NET TRADE (2022)-$6.47M

In 2022, South Korea exported $61.1k in Hops. The main destinations of South Korea exports on Hops were United States ($38.4k), Hong Kong ($21.8k), Philippines ($811), and France ($5).

In 2022, South Korea imported $6.53M in Hops, mainly from Germany ($3.18M), United States ($2.64M), Czechia ($385k), France ($101k), and New Zealand ($88.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$38.4k (1%)
Hong Kong$21.8k (1%)
Philippines$811 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY South Korea WERE (2021 - 2022):
Vietnam-$10.6k (-100%)
Japan-$1.86k (-100%)
Singapore-$1.73k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Hops were:
In 2022, South Korea's main importing competitors in Hops were:

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6k
TOP IMPORT POTENTIALCzechia+ $117k

Hops’s highest export potential is United States. With an export gap of $21.6k.   Hops’s highest import potential is Czechia with an import gap of $117k.

See methodology.

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