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Exports In 2022, South Korea exported $240k in Densified Wood, making it the 59th largest exporter of Densified Wood in the world. At the same year, Densified Wood was the 1079th most exported product in South Korea. The main destination of Densified Wood exports from South Korea are: Vietnam ($111k), Nicaragua ($43.9k), China ($37.4k), Philippines ($36k), and Australia ($2.3k).

The fastest growing export markets for Densified Wood of South Korea between 2021 and 2022 were Vietnam ($28.5k), China ($21k), and Australia ($2.3k).

Imports In 2022, South Korea imported $4.77M in Densified Wood, becoming the 29th largest importer of Densified Wood in the world. At the same year, Densified Wood was the 1026th most imported product in South Korea. South Korea imports Densified Wood primarily from: Germany ($1.39M), Italy ($817k), China ($716k), Canada ($688k), and Malaysia ($646k).

The fastest growing import markets in Densified Wood for South Korea between 2021 and 2022 were Italy ($411k), Canada ($381k), and United States ($159k).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$10k(200%)
IMPORT GROWTH (July 2023 - July 2024)$256k(65.3%)
MAIN DESTINATION (July 2024)Vietnam$11k

This section shows Densified Wood'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 Densified Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$240k
IMPORTS (2022)$4.77M
NET TRADE (2022)-$4.53M

In 2022, South Korea exported $240k in Densified Wood. The main destinations of South Korea exports on Densified Wood were Vietnam ($111k), Nicaragua ($43.9k), China ($37.4k), Philippines ($36k), and Australia ($2.3k).

In 2022, South Korea imported $4.77M in Densified Wood, mainly from Germany ($1.39M), Italy ($817k), China ($716k), Canada ($688k), and Malaysia ($646k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Densified Wood EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$28.5k (34.5%)
China$21k (128%)
Australia$2.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Densified Wood BY South Korea WERE (2021 - 2022):
Nicaragua-$79.3k (-64.4%)
Philippines-$12.9k (-26.3%)
American Samoa-$10.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Densified Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $27.7k
TOP IMPORT POTENTIALChina+ $296k

Densified Wood’s highest export potential is China. With an export gap of $27.7k.   Densified Wood’s highest import potential is China with an import gap of $296k.

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