2022
Exports
$34.9MWorld Rnk 25 / 146
Flag Rnk 551 / 1204
2022
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.22Rnk 621 / 1025
2022
Imports
$42MWorld Rnk 25 / 209
Flag Rnk 706 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 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

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.78M(-52.7%)
IMPORT GROWTH (October 2023 - October 2024)$352k(12.4%)
MAIN DESTINATION (October 2024)China$428k

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%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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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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