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2022
Exports $867kWorld Rnk 11 / 59
Flag Rnk 995 / 1204
2022
Destination $320k Japan
2021 - 2022
FASTEST GROWING MARKET $320kJapan
2022
Imports $319kWorld Rnk 12 / 95
Flag Rnk 1173 / 1213
2022
Origin $76.6k United States
2021 - 2022
FASTEST GROWING ORIGIN $76.6kUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $867k in Lard stearin and oils, making it the 11th largest exporter of Lard stearin and oils in the world. At the same year, Lard stearin and oils was the 995th most exported product in South Korea. The main destination of Lard stearin and oils exports from South Korea are: Japan ($867k).

The fastest growing export markets for Lard stearin and oils of South Korea between 2021 and 2022 were Japan ($320k).

Imports In 2022, South Korea imported $319k in Lard stearin and oils, becoming the 12th largest importer of Lard stearin and oils in the world. At the same year, Lard stearin and oils was the 1173rd most imported product in South Korea. South Korea imports Lard stearin and oils primarily from: United States ($319k), Japan ($40), and Chinese Taipei ($12).

The fastest growing import markets in Lard stearin and oils for South Korea between 2021 and 2022 were United States ($76.6k), Japan ($28), and Chinese Taipei ($12).

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Lard stearin and oils exports accounted up to $70k and imports accounted up to $0, resulting in a positive trade balance of $70k. Between November 2023 and November 2024 the exports of South Korea's   Lard stearin and oils have decreased by $-57k (-44.9%) from $127k to $70k, while imports decreased by $-43k (-100%) from $43k to $0.

Destinations In November 2024, Lard stearin and oils were exported mostly to Japan ($70k), Hong Kong ($0), and United States ($0), and were imported mostly from Hong Kong ($0), Japan ($0), and United States ($0).

Growth In November 2024, the decrease in Lard stearin and oils's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Lard stearin and oils's year-by-year imports was explained primarily by a decrease in imports from United States ($-36k or -38.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-57k(-44.9%)
IMPORT GROWTH (November 2023 - November 2024)$-43k(-100%)
MAIN DESTINATION (November 2024)Japan$70k

This section shows Lard stearin and oils'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 Lard stearin and oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$867k
IMPORTS (2022)$319k
NET TRADE (2022)$548k

In 2022, South Korea exported $867k in Lard stearin and oils. The main destinations of South Korea exports on Lard stearin and oils were Japan ($867k).

In 2022, South Korea imported $319k in Lard stearin and oils, mainly from United States ($319k), Japan ($40), and Chinese Taipei ($12).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lard stearin and oils EXPORT MARKETS FOR South Korea WERE (2021 - 2022):Japan$320k (58.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Lard stearin and oils were:
Ireland $21M
France $7.71M
Netherlands $6.54M
In 2022, South Korea's main importing competitors in Lard stearin and oils were:
Netherlands $24.6M
Germany $10.7M
United Kingdom $6.87M

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Trade Value of Lard stearin and oils by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Lard stearin and oils’s highest export potential is N/A. With an export gap of N/A.   Lard stearin and oils’s highest import potential is N/A with an import gap of N/A.

See methodology.

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