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2022
Exports $119MWorld Rnk 39 / 178
Flag Rnk 73 / 96
2022
Destination $510k Vietnam
2021 - 2022
FASTEST GROWING MARKET $510kNew Zealand
2022
PRODUCT COMPLEXITY IN Wood pulp & paper scrap0.25Rnk 471 / 1025
2022
Imports $1.77BWorld Rnk 8 / 200
Flag Rnk 42 / 96
2022
Origin $61M United States
2021 - 2022
FASTEST GROWING ORIGIN $61MIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $119M in Wood pulp & paper scrap, making it the 39th largest exporter of Wood pulp & paper scrap in the world. At the same year, Wood pulp & paper scrap was the 73rd most exported product in South Korea. The main destination of Wood pulp & paper scrap exports from South Korea are: Vietnam ($48.1M), Indonesia ($23.4M), China ($17.8M), Pakistan ($6.27M), and Japan ($5.45M).

The fastest growing export markets for Wood pulp & paper scrap of South Korea between 2021 and 2022 were New Zealand ($510k), United States ($293k), and Sri Lanka ($128k).

Imports In 2022, South Korea imported $1.77B in Wood pulp & paper scrap, becoming the 8th largest importer of Wood pulp & paper scrap in the world. At the same year, Wood pulp & paper scrap was the 42nd most imported product in South Korea. South Korea imports Wood pulp & paper scrap primarily from: United States ($314M), Canada ($289M), Indonesia ($230M), Brazil ($170M), and Japan ($142M).

The fastest growing import markets in Wood pulp & paper scrap for South Korea between 2021 and 2022 were Indonesia ($61M), Brazil ($46.4M), and Canada ($39.9M).

COMPANIES In 2023, leading companies such as Lollicup (21), CJ Foods (18), and LG Electronics (1) were at the forefront of shipping Wood pulp & paper scrap from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Wood pulp & paper scrap exports accounted up to $10.9M and imports accounted up to $132M, resulting in a negative trade balance of $121M. Between October 2023 and October 2024 the exports of South Korea's   Wood pulp & paper scrap have decreased by $-1.01M (-8.48%) from $11.9M to $10.9M, while imports increased by $28.6M (27.7%) from $103M to $132M.

Destinations In October 2024, Wood pulp & paper scrap were exported mostly to Vietnam ($4.16M), China ($3.34M), Japan ($805k), Indonesia ($604k), and Thailand ($573k), and were imported mostly from Canada ($19M), Chile ($18.5M), United States ($18.1M), Indonesia ($17.3M), and Brazil ($14.7M).

Growth In October 2024, the decrease in Wood pulp & paper scrap's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-1.15M or -53%), Japan ($-1.07M or -97.5%), and Vietnam ($-277k or -7.93%). In October 2024, the increase in Wood pulp & paper scrap's year-by-year imports was explained primarily by an increase in imports from Brazil ($33.2M or 469%), Canada ($12.4M or 84.9%), and Japan ($3.29M or 35.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-1.01M(-8.48%)
IMPORT GROWTH (October 2023 - October 2024)$28.6M(27.7%)
MAIN DESTINATION (October 2024)Vietnam$4.16M

This section shows Wood pulp & paper scrap'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 pulp & paper scrap over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$119M
IMPORTS (2022)$1.77B
NET TRADE (2022)-$1.65B

In 2022, South Korea exported $119M in Wood pulp & paper scrap. The main destinations of South Korea exports on Wood pulp & paper scrap were Vietnam ($48.1M), Indonesia ($23.4M), China ($17.8M), Pakistan ($6.27M), and Japan ($5.45M).

In 2022, South Korea imported $1.77B in Wood pulp & paper scrap, mainly from United States ($314M), Canada ($289M), Indonesia ($230M), Brazil ($170M), and Japan ($142M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood pulp & paper scrap EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
New Zealand$510k (1%)
United States$293k (286%)
Sri Lanka$128k (37.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood pulp & paper scrap BY South Korea WERE (2021 - 2022):
Vietnam-$7.79M (-13.9%)
Indonesia-$7.77M (-24.9%)
China-$3.79M (-17.5%)
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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 pulp & paper scrap were:
United States $10.9B
Brazil $9.02B
Canada $6.84B
In 2022, South Korea's main importing competitors in Wood pulp & paper scrap were:
China $18.5B
United States $4.58B
India $3.94B

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Trade Value of Wood pulp & paper scrap by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.9M
TOP IMPORT POTENTIALBrazil+ $36.4M

Wood pulp & paper scrap’s highest export potential is China. With an export gap of $14.9M.   Wood pulp & paper scrap’s highest import potential is Brazil with an import gap of $36.4M.

See methodology.

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