Petroleum Jelly in South Korea 2021 Exports | Imports : $31.9M | $39.9M, World Rnk 26 / 142 Rnk 556 / 1206 | World Rnk 23 / 209 Rnk 720 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.65M | $4.98M, China | China
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Petroleum Jelly: -0.16, Rnk 602 / 1029
Exports In 2021, South Korea exported $31.9M in Petroleum Jelly, making it the 26th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 556th most exported product in South Korea. The main destination of Petroleum Jelly exports from South Korea are: China ($7.35M), Vietnam ($5.92M), India ($5.85M), United States ($2.32M), and Kenya ($1.68M).
The fastest growing export markets for Petroleum Jelly of South Korea between 2020 and 2021 were China ($2.65M), Vietnam ($2.52M), and India ($2.47M).
Imports In 2021, South Korea imported $39.9M in Petroleum Jelly, becoming the 23rd largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 720th most imported product in South Korea. South Korea imports Petroleum Jelly primarily from: China ($16.1M), Thailand ($5.13M), Japan ($4.57M), United States ($2.92M), and Malaysia ($2.57M).
The fastest growing import markets in Petroleum Jelly for South Korea between 2020 and 2021 were China ($4.98M), India ($1.13M), and Thailand ($785k).
Tariffs In 2018, the average tariff for South Korea in Petroleum Jelly was 4.99%. The countries with the highest import tariffs for Petroleum Jelly were Botswana (Most Favoured Nation duty rate treatment, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 8%), Cameroon (Most Favoured Nation duty rate treatment, 8%), Republic of the Congo (Most Favoured Nation duty rate treatment, 8%), and Cape Verde (Most Favoured Nation duty rate treatment, 8%).
March 2023
Overview In March 2023 South Korea's Petroleum Jelly exports accounted up to $2.81M and imports accounted up to $3.37M, resulting in a negative trade balance of $555k. Between March 2022 and March 2023 the exports of South Korea's Petroleum Jelly have decreased by $-424k (-13.1%) from $3.23M to $2.81M, while imports decreased by $-934k (-21.7%) from $4.3M to $3.37M.
Destinations In March 2023, Petroleum Jelly were exported mostly to China ($506k), Vietnam ($426k), India ($386k), Mexico ($272k), and Kenya ($257k), and were imported mostly from China ($1.5M), Japan ($571k), Thailand ($414k), United States ($336k), and Malaysia ($192k).
Growth In March 2023, the decrease in Petroleum Jelly's year-by-year exports was explained primarily by a decrease in exports to United States ($-128k or -60.4%), Mexico ($-63k or -100%), and Chinese Taipei ($-50k or -39.4%). In March 2023, the decrease in Petroleum Jelly's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-67k or -14.7%), Indonesia ($-53k or -51.5%), and Netherlands ($-53k or -53%).
EXPORT GROWTH (March 2022 - March 2023): $-424k, (-13.1%)
IMPORT GROWTH (March 2022 - March 2023): $-934k, (-21.7%)
MAIN DESTINATION (March 2023): China, $506k
This section shows Petroleum Jelly'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 Jelly over time.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $31.9M
IMPORTS (2021): $39.9M
NET TRADE (2021): -$8M
In 2021, South Korea exported $31.9M in Petroleum Jelly. The main destinations of South Korea exports on Petroleum Jelly were China ($7.35M), Vietnam ($5.92M), India ($5.85M), United States ($2.32M), and Kenya ($1.68M).
In 2021, South Korea imported $39.9M in Petroleum Jelly, mainly from China ($16.1M), Thailand ($5.13M), Japan ($4.57M), United States ($2.92M), and Malaysia ($2.57M).
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Petroleum Jelly were:
In 2021, South Korea's main importing competitors in Petroleum Jelly were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.14 nutria