Petroleum Coke in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $1.1B in Petroleum Coke, making it the 7th largest exporter of Petroleum Coke in the world. At the same year, Petroleum Coke was the 92nd most exported product in South Korea. The main destination of Petroleum Coke exports from South Korea are: China ($777M), Japan ($171M), Australia ($43.4M), Malaysia ($23.7M), and Vietnam ($21.4M).

The fastest growing export markets for Petroleum Coke of South Korea between 2021 and 2022 were China ($111M), Japan ($26.6M), and Malaysia ($17.1M).

Imports In 2022, South Korea imported $178M in Petroleum Coke, becoming the 40th largest importer of Petroleum Coke in the world. At the same year, Petroleum Coke was the 390th most imported product in South Korea. South Korea imports Petroleum Coke primarily from: Canada ($67.2M), Saudi Arabia ($47.1M), United States ($35.8M), China ($9.33M), and Indonesia ($9.04M).

The fastest growing import markets in Petroleum Coke for South Korea between 2021 and 2022 were Canada ($60.7M), Saudi Arabia ($35.8M), and United States ($24.3M).

COMPANIES In 2023, leading companies such as HANKOOK TIRE AMERICA CORP. (85) were at the forefront of shipping Petroleum Coke from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Petroleum Coke exports accounted up to $77.5M and imports accounted up to $10.6M, resulting in a positive trade balance of $67M. Between February 2023 and February 2024 the exports of South Korea's Petroleum Coke have decreased by $-15.5M (-16.6%) from $93M to $77.5M, while imports decreased by $-9.57M (-47.5%) from $20.1M to $10.6M.

Destinations In February 2024, Petroleum Coke were exported mostly to China ($62.8M), Japan ($14.7M), Indonesia ($64k), Chinese Taipei ($18k), and Malaysia ($10k), and were imported mostly from United States ($9.45M), China ($898k), Australia ($90k), Japan ($67k), and Germany ($62k).

Growth In February 2024, the decrease in Petroleum Coke's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.71M or -38.6%), Japan ($-606k or -4.92%), and Chinese Taipei ($-21k or -37.5%). In February 2024, the decrease in Petroleum Coke's year-by-year imports was explained primarily by a decrease in imports from United States ($-11M or -91%), China ($-589k or -59.4%), and Germany ($-52k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-15.5M(-16.6%)

IMPORT GROWTH (February 2023 - February 2024)$-9.57M(-47.5%)

MAIN DESTINATION (February 2024)China$62.8M

This section shows Petroleum Coke'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 Petroleum Coke over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.1B

IMPORTS (2022)$178M

NET TRADE (2022)$925M

In 2022, South Korea exported $1.1B in Petroleum Coke. The main destinations of South Korea exports on Petroleum Coke were China ($777M), Japan ($171M), Australia ($43.4M), Malaysia ($23.7M), and Vietnam ($21.4M).

In 2022, South Korea imported $178M in Petroleum Coke, mainly from Canada ($67.2M), Saudi Arabia ($47.1M), United States ($35.8M), China ($9.33M), and Indonesia ($9.04M).

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