Fish oil in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $3.27M in Fish oil, making it the 45th largest exporter of Fish oil in the world. At the same year, Fish oil was the 871st most exported product in South Korea. The main destination of Fish oil exports from South Korea are: Norway ($871k), Indonesia ($846k), United States ($602k), Spain ($354k), and United Kingdom ($254k).

The fastest growing export markets for Fish oil of South Korea between 2021 and 2022 were Italy ($2.08k), France ($458), and Brazil ($30).

Imports In 2022, South Korea imported $30.7M in Fish oil, becoming the 22nd largest importer of Fish oil in the world. At the same year, Fish oil was the 765th most imported product in South Korea. South Korea imports Fish oil primarily from: Vietnam ($9.27M), Peru ($4.54M), China ($2.85M), Japan ($2.78M), and Australia ($2.37M).

The fastest growing import markets in Fish oil for South Korea between 2021 and 2022 were Vietnam ($9.27M), Japan ($2.04M), and Australia ($1.93M).

Latest Trends

November 2024

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Overview In November 2024 South Korea's Fish oil exports accounted up to $51k and imports accounted up to $917k, resulting in a negative trade balance of $866k. Between November 2023 and November 2024 the exports of South Korea's Fish oil have increased by $48k (1.6k%) from $3k to $51k, while imports decreased by $-884k (-49.1%) from $1.8M to $917k.

Destinations In November 2024, Fish oil were exported mostly to Thailand ($35k), United States ($16k), United Arab Emirates ($0), China ($0), and Japan ($0), and were imported mostly from China ($665k), Philippines ($184k), Norway ($36k), Germany ($20k), and United Arab Emirates ($11k).

Growth In November 2024, the increase in Fish oil's year-by-year exports was explained primarily by an increase in exports to . In November 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from Japan ($-29k or -100%) and United States ($-1k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$48k(1.6k%)

IMPORT GROWTH (November 2023 - November 2024)$-884k(-49.1%)

MAIN DESTINATION (November 2024)Thailand$35k

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.27M

IMPORTS (2022)$30.7M

NET TRADE (2022)-$27.4M

In 2022, South Korea exported $3.27M in Fish oil. The main destinations of South Korea exports on Fish oil were Norway ($871k), Indonesia ($846k), United States ($602k), Spain ($354k), and United Kingdom ($254k).

In 2022, South Korea imported $30.7M in Fish oil, mainly from Vietnam ($9.27M), Peru ($4.54M), China ($2.85M), Japan ($2.78M), and Australia ($2.37M).

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