Wood, wood articles, & charcoal in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $71.5M in Wood, wood articles, & charcoal, making it the 86th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 77th most exported product in South Korea. The main destination of Wood, wood articles, & charcoal exports from South Korea are: Japan ($14.4M), United States ($9.57M), China ($8.84M), Indonesia ($7.51M), and Vietnam ($3.56M).

The fastest growing export markets for Wood, wood articles, & charcoal of South Korea between 2021 and 2022 were India ($2M), Indonesia ($1.43M), and United Kingdom ($1.14M).

Imports In 2022, South Korea imported $3.67B in Wood, wood articles, & charcoal, becoming the 12th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 23rd most imported product in South Korea. South Korea imports Wood, wood articles, & charcoal primarily from: Vietnam ($985M), Indonesia ($489M), China ($488M), New Zealand ($253M), and Russia ($224M).

The fastest growing import markets in Wood, wood articles, & charcoal for South Korea between 2021 and 2022 were Vietnam ($162M), Chile ($38.8M), and Indonesia ($25.5M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (786k), VOLKSWAGEN GROUP OF AMERICA (902), and SAMSUNG ELECTRONICS AMERICA (196) were at the forefront of shipping Wood, wood articles, & charcoal from South Korea to the United States.

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Wood, wood articles, & charcoal exports accounted up to $5.05M and imports accounted up to $203M, resulting in a negative trade balance of $198M. Between February 2023 and February 2024 the exports of South Korea's Wood, wood articles, & charcoal have decreased by $-507k (-9.13%) from $5.55M to $5.05M, while imports decreased by $-37.3M (-15.5%) from $241M to $203M.

Destinations In February 2024, Wood, wood articles, & charcoal were exported mostly to Japan ($1.25M), United States ($1.01M), China ($333k), Vietnam ($325k), and Netherlands ($234k), and were imported mostly from Vietnam ($44.3M), Indonesia ($30.1M), China ($28.7M), Thailand ($21.5M), and Russia ($17.1M).

Growth In February 2024, the decrease in Wood, wood articles, & charcoal's year-by-year exports was explained primarily by a decrease in exports to China ($-628k or -62.7%), Indonesia ($-238k or -55.9%), and Japan ($-146k or -11.9%). In February 2024, the decrease in Wood, wood articles, & charcoal's year-by-year imports was explained primarily by a decrease in imports from China ($-10.3M or -21.6%), Thailand ($-8.87M or -29.8%), and Australia ($-7.45M or -92.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-507k(-9.13%)

IMPORT GROWTH (February 2023 - February 2024)$-37.3M(-15.5%)

MAIN DESTINATION (February 2024)Japan$1.25M

This section shows Wood, wood articles, & charcoal'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, wood articles, & charcoal over time.

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