Biodiesel and mixtures thereof in 
South Korea
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
Tariffs In 2018, the average tariff for South Korea in Biodiesel and mixtures thereof was 4.05%. The countries with the highest import tariffs for Biodiesel and mixtures thereof were Botswana (Most Favoured Nation duty rate treatment, 6.5%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6.5%), Cameroon (Most Favoured Nation duty rate treatment, 6.5%), Republic of the Congo (Most Favoured Nation duty rate treatment, 6.5%), and Cape Verde (Most Favoured Nation duty rate treatment, 6.5%).
Latest Trends
#permalink to sectionApril 2023
Overview In April 2023 South Korea's Biodiesel and mixtures thereof exports accounted up to $22.5M and imports accounted up to $1.15M, resulting in a positive trade balance of $21.3M. Between April 2022 and April 2023 the exports of South Korea's Biodiesel and mixtures thereof have decreased by $-11M (-32.8%) from $33.4M to $22.5M, while imports decreased by $-492k (-30%) from $1.64M to $1.15M.
Destinations In April 2023, Biodiesel and mixtures thereof were exported mostly to United States ($10.6M), Netherlands ($6.94M), Spain ($4.9M), China ($0), and Philippines ($0), and were imported mostly from China ($972k), Philippines ($166k), United States ($8k), Singapore ($0), and Germany ($0).
Growth In April 2023, the decrease in Biodiesel and mixtures thereof's year-by-year exports was explained primarily by a decrease in exports to United States ($-7.41M or -100%). In April 2023, the decrease in Biodiesel and mixtures thereof's year-by-year imports was explained primarily by a decrease in imports from United States ($-60k or -98.4%).
Subnational Monthly Trade
#permalink to sectionEXPORT GROWTH (April 2022 - April 2023): $-11M, (-32.8%)
IMPORT GROWTH (April 2022 - April 2023): $-492k, (-30%)
MAIN DESTINATION (April 2023): United States, $10.6M
This section shows Biodiesel and mixtures thereof'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 Biodiesel and mixtures thereof over time.
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