Plywood in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $9.38M in Plywood, making it the 66th largest exporter of Plywood in the world. At the same year, Plywood was the 739th most exported product in South Korea. The main destination of Plywood exports from South Korea are: Indonesia ($2.23M), China ($2.05M), Japan ($1.98M), Nigeria ($528k), and Australia ($355k).

The fastest growing export markets for Plywood of South Korea between 2021 and 2022 were China ($1.8M), Indonesia ($1.42M), and Nigeria ($432k).

Imports In 2022, South Korea imported $855M in Plywood, becoming the 4th largest importer of Plywood in the world. At the same year, Plywood was the 128th most imported product in South Korea. South Korea imports Plywood primarily from: Vietnam ($348M), Indonesia ($287M), China ($93.9M), Malaysia ($40.2M), and Russia ($39.7M).

The fastest growing import markets in Plywood for South Korea between 2021 and 2022 were Finland ($1.71M), Estonia ($1.64M), and Belgium ($593k).

COMPANIES In 2023, leading companies such as Sobel Westex (1) and BSH Home Appliances (1) were at the forefront of shipping Plywood from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Plywood exports accounted up to $349k and imports accounted up to $55.3M, resulting in a negative trade balance of $54.9M. Between July 2023 and July 2024 the exports of South Korea's Plywood have decreased by $-37k (-9.59%) from $386k to $349k, while imports increased by $1.61M (3.01%) from $53.6M to $55.3M.

Destinations In July 2024, Plywood were exported mostly to Japan ($149k), United States ($93k), China ($50k), Philippines ($19k), and Mongolia ($16k), and were imported mostly from Indonesia ($16M), Vietnam ($13.4M), Russia ($11.6M), China ($5.22M), and Malaysia ($2.89M).

Growth In July 2024, the decrease in Plywood's year-by-year exports was explained primarily by a decrease in exports to Japan ($-59k or -31.2%), Chile ($-52k or -100%), and China ($-36k or -62.1%). In July 2024, the increase in Plywood's year-by-year imports was explained primarily by an increase in imports from Estonia ($856k or 213%), Finland ($544k or 61%), and Belgium ($257k or 378%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$-37k(-9.59%)

IMPORT GROWTH (July 2023 - July 2024)$1.61M(3.01%)

MAIN DESTINATION (July 2024)Japan$149k

This section shows Plywood'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 Plywood over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$9.38M

IMPORTS (2022)$855M

NET TRADE (2022)-$845M

In 2022, South Korea exported $9.38M in Plywood. The main destinations of South Korea exports on Plywood were Indonesia ($2.23M), China ($2.05M), Japan ($1.98M), Nigeria ($528k), and Australia ($355k).

In 2022, South Korea imported $855M in Plywood, mainly from Vietnam ($348M), Indonesia ($287M), China ($93.9M), Malaysia ($40.2M), and Russia ($39.7M).

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