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2022
Exports $34.9MWorld Rnk 25 / 146
Flag Rnk 551 / 1204
2022
Destination $2.84M India
2021 - 2022
FASTEST GROWING MARKET $2.84MIndia
2022
PRODUCT COMPLEXITY IN Petroleum Jelly-0.22Rnk 621 / 1025
2022
Imports $42MWorld Rnk 25 / 209
Flag Rnk 706 / 1213
2022
Origin $1.27M China
2021 - 2022
FASTEST GROWING ORIGIN $1.27MThailand
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $34.9M in Petroleum Jelly, making it the 25th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 551st most exported product in South Korea. The main destination of Petroleum Jelly exports from South Korea are: India ($8.71M), China ($7.13M), Vietnam ($4.87M), United States ($2.52M), and Indonesia ($2.39M).

The fastest growing export markets for Petroleum Jelly of South Korea between 2021 and 2022 were India ($2.84M), Indonesia ($924k), and Kenya ($572k).

Imports In 2022, South Korea imported $42M in Petroleum Jelly, becoming the 25th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 706th most imported product in South Korea. South Korea imports Petroleum Jelly primarily from: China ($15.6M), Thailand ($6.42M), Japan ($5.23M), United States ($4.22M), and Malaysia ($2.98M).

The fastest growing import markets in Petroleum Jelly for South Korea between 2021 and 2022 were Thailand ($1.27M), United States ($1.26M), and Italy ($613k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Petroleum Jelly exports accounted up to $2.72M and imports accounted up to $3.69M, resulting in a negative trade balance of $965k. Between September 2023 and September 2024 the exports of South Korea's   Petroleum Jelly have decreased by $-311k (-10.3%) from $3.03M to $2.72M, while imports increased by $722k (24.4%) from $2.96M to $3.69M.

Destinations In September 2024, Petroleum Jelly were exported mostly to China ($964k), India ($568k), Vietnam ($323k), Indonesia ($260k), and Malaysia ($195k), and were imported mostly from China ($1.41M), United States ($560k), Japan ($396k), Indonesia ($276k), and Thailand ($219k).

Growth In September 2024, the decrease in Petroleum Jelly's year-by-year exports was explained primarily by a decrease in exports to China ($-436k or -61.6%), Indonesia ($-220k or -89.4%), and Japan ($-42k or -93.3%). In September 2024, the increase in Petroleum Jelly's year-by-year imports was explained primarily by an increase in imports from United States ($379k or 155%), Germany ($136k or 267%), and Netherlands ($82k or 174%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-311k(-10.3%)
IMPORT GROWTH (September 2023 - September 2024)$722k(24.4%)
MAIN DESTINATION (September 2024)China$964k

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.9M
IMPORTS (2022)$42M
NET TRADE (2022)-$7.12M

In 2022, South Korea exported $34.9M in Petroleum Jelly. The main destinations of South Korea exports on Petroleum Jelly were India ($8.71M), China ($7.13M), Vietnam ($4.87M), United States ($2.52M), and Indonesia ($2.39M).

In 2022, South Korea imported $42M in Petroleum Jelly, mainly from China ($15.6M), Thailand ($6.42M), Japan ($5.23M), United States ($4.22M), and Malaysia ($2.98M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$2.84M (48.3%)
Indonesia$924k (62.9%)
Kenya$572k (34.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY South Korea WERE (2021 - 2022):
Vietnam-$1.05M (-17.7%)
Chinese Taipei-$327k (-27.5%)
Greece-$247k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Petroleum Jelly were:
China $1.26B
United States $466M
Germany $381M
In 2022, South Korea's main importing competitors in Petroleum Jelly were:
United States $522M
Germany $447M
Canada $398M

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.85M
TOP IMPORT POTENTIALChina+ $6.76M

Petroleum Jelly’s highest export potential is China. With an export gap of $1.85M.   Petroleum Jelly’s highest import potential is China with an import gap of $6.76M.

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