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2022
Exports $572kWorld Rnk 86 / 159
Flag Rnk 1028 / 1204
2022
Destination $282k Vietnam
2021 - 2022
FASTEST GROWING MARKET $282kVietnam
2022
PRODUCT COMPLEXITY IN Shaped Wood-0.84Rnk 788 / 1025
2022
Imports $116MWorld Rnk 15 / 221
Flag Rnk 478 / 1213
2022
Origin $1.64M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $1.64MBrazil
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $572k in Shaped Wood, making it the 86th largest exporter of Shaped Wood in the world. At the same year, Shaped Wood was the 1028th most exported product in South Korea. The main destination of Shaped Wood exports from South Korea are: Vietnam ($356k), China ($62.7k), Cambodia ($50.1k), Japan ($34.2k), and United Kingdom ($27.1k).

The fastest growing export markets for Shaped Wood of South Korea between 2021 and 2022 were Vietnam ($282k), China ($62.2k), and Cambodia ($50.1k).

Imports In 2022, South Korea imported $116M in Shaped Wood, becoming the 15th largest importer of Shaped Wood in the world. At the same year, Shaped Wood was the 478th most imported product in South Korea. South Korea imports Shaped Wood primarily from: Indonesia ($64.7M), China ($24.3M), Malaysia ($7.65M), Estonia ($4.36M), and Brazil ($4.35M).

The fastest growing import markets in Shaped Wood for South Korea between 2021 and 2022 were Brazil ($1.64M), Malaysia ($545k), and Latvia ($147k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Shaped Wood exports accounted up to $3k and imports accounted up to $8.11M, resulting in a negative trade balance of $8.11M. Between July 2023 and July 2024 the exports of South Korea's   Shaped Wood have increased by $3k (N/A%) from $0 to $3k, while imports increased by $18k (0.22%) from $8.09M to $8.11M.

Destinations In July 2024, Shaped Wood were exported mostly to Singapore ($2k), United States ($1k), China ($0), Indonesia ($0), and Japan ($0), and were imported mostly from Indonesia ($4.86M), China ($1.39M), Malaysia ($533k), Latvia ($494k), and Brazil ($332k).

Growth In July 2024, the increase in Shaped Wood's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Shaped Wood's year-by-year imports was explained primarily by an increase in imports from Brazil ($639k or 687%), United States ($48k or 4.8k%), and Japan ($31k or 38.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$3k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$18k(0.22%)
MAIN DESTINATION (July 2024)Singapore$2k

This section shows Shaped Wood'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 Shaped Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$572k
IMPORTS (2022)$116M
NET TRADE (2022)-$115M

In 2022, South Korea exported $572k in Shaped Wood. The main destinations of South Korea exports on Shaped Wood were Vietnam ($356k), China ($62.7k), Cambodia ($50.1k), Japan ($34.2k), and United Kingdom ($27.1k).

In 2022, South Korea imported $116M in Shaped Wood, mainly from Indonesia ($64.7M), China ($24.3M), Malaysia ($7.65M), Estonia ($4.36M), and Brazil ($4.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Shaped Wood EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$282k (378%)
China$62.2k (11.5k%)
Cambodia$50.1k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Shaped Wood BY South Korea WERE (2021 - 2022):
Mongolia-$196k (-97.5%)
Kuwait-$52.6k (-100%)
Saudi Arabia-$42k (-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 Shaped Wood were:
Brazil $976M
Indonesia $691M
China $499M
In 2022, South Korea's main importing competitors in Shaped Wood were:
United States $2.02B
France $428M
Germany $407M

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Trade Value of Shaped Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $116k
TOP IMPORT POTENTIALChina+ $6.07M

Shaped Wood’s highest export potential is China. With an export gap of $116k.   Shaped Wood’s highest import potential is China with an import gap of $6.07M.

See methodology.

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