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Exports In 2022, South Korea exported $8.36k in Turpentine, making it the 69th largest exporter of Turpentine in the world. At the same year, Turpentine was the 1175th most exported product in South Korea. The main destination of Turpentine exports from South Korea are: United States ($4.83k), Vietnam ($1.23k), Hong Kong ($892), Lithuania ($543), and Bangladesh ($417).

The fastest growing export markets for Turpentine of South Korea between 2021 and 2022 were United States ($4.83k), Vietnam ($1.23k), and Lithuania ($543).

Imports In 2022, South Korea imported $703k in Turpentine, becoming the 43rd largest importer of Turpentine in the world. At the same year, Turpentine was the 1150th most imported product in South Korea. South Korea imports Turpentine primarily from: United States ($186k), Singapore ($158k), China ($121k), Vietnam ($79.4k), and United Kingdom ($75k).

The fastest growing import markets in Turpentine for South Korea between 2021 and 2022 were United States ($114k), United Kingdom ($35.5k), and Italy ($19.6k).

COMPANIES In 2023, leading companies such as Ford Motor Company (18), General Motors (4), and Chevron (1) were at the forefront of shipping Turpentine from South Korea to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$-22k(-64.7%)
MAIN DESTINATION (July 2024)China$0

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.36k
IMPORTS (2022)$703k
NET TRADE (2022)-$694k

In 2022, South Korea exported $8.36k in Turpentine. The main destinations of South Korea exports on Turpentine were United States ($4.83k), Vietnam ($1.23k), Hong Kong ($892), Lithuania ($543), and Bangladesh ($417).

In 2022, South Korea imported $703k in Turpentine, mainly from United States ($186k), Singapore ($158k), China ($121k), Vietnam ($79.4k), and United Kingdom ($75k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$4.83k (1%)
Vietnam$1.23k (1%)
Lithuania$543 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY South Korea WERE (2021 - 2022):
India-$40.3k (-100%)
Kuwait-$25.3k (-100%)
Germany-$6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.01k
TOP IMPORT POTENTIALChina+ $73.3k

Turpentine’s highest export potential is United States. With an export gap of $5.01k.   Turpentine’s highest import potential is China with an import gap of $73.3k.

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