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2022
Exports $16.3MWorld Rnk 50 / 144
Flag Rnk 666 / 1204
2022
Destination $3.31M Japan
2021 - 2022
FASTEST GROWING MARKET $3.31MJapan
2022
PRODUCT COMPLEXITY IN Wood Fiberboard-0.14Rnk 593 / 1025
2022
Imports $67.3MWorld Rnk 47 / 218
Flag Rnk 603 / 1213
2022
Origin $1.59M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $1.59MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $16.3M in Wood Fiberboard, making it the 50th largest exporter of Wood Fiberboard in the world. At the same year, Wood Fiberboard was the 666th most exported product in South Korea. The main destination of Wood Fiberboard exports from South Korea are: Japan ($8.11M), Mongolia ($1.18M), Vietnam ($1.16M), United States ($944k), and India ($738k).

The fastest growing export markets for Wood Fiberboard of South Korea between 2021 and 2022 were Japan ($3.31M), United Kingdom ($425k), and Mongolia ($418k).

Imports In 2022, South Korea imported $67.3M in Wood Fiberboard, becoming the 47th largest importer of Wood Fiberboard in the world. At the same year, Wood Fiberboard was the 603rd most imported product in South Korea. South Korea imports Wood Fiberboard primarily from: Thailand ($34.7M), Vietnam ($16.2M), China ($11.2M), Malaysia ($1.21M), and Belgium ($1.04M).

The fastest growing import markets in Wood Fiberboard for South Korea between 2021 and 2022 were Vietnam ($1.59M), Thailand ($208k), and France ($153k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Wood Fiberboard exports accounted up to $846k and imports accounted up to $7.71M, resulting in a negative trade balance of $6.87M. Between July 2023 and July 2024 the exports of South Korea's   Wood Fiberboard have increased by $111k (15.1%) from $735k to $846k, while imports increased by $2.72M (54.5%) from $4.99M to $7.71M.

Destinations In July 2024, Wood Fiberboard were exported mostly to India ($197k), Belgium ($143k), Japan ($125k), Vietnam ($119k), and United States ($97k), and were imported mostly from Thailand ($4.82M), Vietnam ($1.29M), China ($1.1M), Malaysia ($242k), and Germany ($83k).

Growth In July 2024, the increase in Wood Fiberboard's year-by-year exports was explained primarily by an increase in exports to Japan ($217k or 67.4%), Vietnam ($50k or 156%), and India ($34k or 680%). In July 2024, the increase in Wood Fiberboard's year-by-year imports was explained primarily by an increase in imports from Germany ($58k or 215%) and Italy ($7k or 25%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$111k(15.1%)
IMPORT GROWTH (July 2023 - July 2024)$2.72M(54.5%)
MAIN DESTINATION (July 2024)India$197k

This section shows Wood Fiberboard'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 Wood Fiberboard over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.3M
IMPORTS (2022)$67.3M
NET TRADE (2022)-$51.1M

In 2022, South Korea exported $16.3M in Wood Fiberboard. The main destinations of South Korea exports on Wood Fiberboard were Japan ($8.11M), Mongolia ($1.18M), Vietnam ($1.16M), United States ($944k), and India ($738k).

In 2022, South Korea imported $67.3M in Wood Fiberboard, mainly from Thailand ($34.7M), Vietnam ($16.2M), China ($11.2M), Malaysia ($1.21M), and Belgium ($1.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Fiberboard EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$3.31M (69%)
United Kingdom$425k (4.55k%)
Mongolia$418k (54.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Fiberboard BY South Korea WERE (2021 - 2022):
Germany-$626k (-52.4%)
China-$511k (-52.8%)
Uzbekistan-$261k (-41.1%)
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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 Wood Fiberboard were:
Germany $1.99B
China $1.27B
Thailand $879M
In 2022, South Korea's main importing competitors in Wood Fiberboard were:
United States $2.08B
United Kingdom $622M
Germany $608M

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Trade Value of Wood Fiberboard by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.34M
TOP IMPORT POTENTIALChina+ $8.01M

Wood Fiberboard’s highest export potential is United States. With an export gap of $1.34M.   Wood Fiberboard’s highest import potential is China with an import gap of $8.01M.

See methodology.

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