Wood, wood articles, & charcoal in South Korea 2021 Exports | Imports : $75.4M | $3.83B, World Rnk 84 / 222 Rnk 76 / 96 | World Rnk 11 / 226 Rnk 23 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $1.81M | $156M, Cambodia | Vietnam
2021 ECONOMIC COMPLEXITY of South Korea: 1.82, Rnk 4 / 131
2021 PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal: 0.15, Rnk 501 / 1029
Exports In 2021, South Korea exported $75.4M in Wood, wood articles, & charcoal, making it the 84th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 76th most exported product in South Korea. The main destination of Wood, wood articles, & charcoal exports from South Korea are: Japan ($14.7M), United States ($11.9M), China ($10.1M), Indonesia ($6.02M), and Vietnam ($3.01M).
The fastest growing export markets for Wood, wood articles, & charcoal of South Korea between 2020 and 2021 were Cambodia ($1.81M), Russia ($1.77M), and Netherlands ($1.54M).
Imports In 2021, South Korea imported $3.83B in Wood, wood articles, & charcoal, becoming the 11th 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 ($824M), China ($580M), Indonesia ($472M), New Zealand ($346M), and Thailand ($251M).
The fastest growing import markets in Wood, wood articles, & charcoal for South Korea between 2020 and 2021 were Vietnam ($156M), New Zealand ($150M), and China ($145M).
Tariffs In 2018, the average tariff for South Korea in Wood, wood articles, & charcoal was 4.2%. The countries with the highest import tariffs for Wood, wood articles, & charcoal were Sri Lanka (Most Favoured Nation duty rate treatment, 5.4%), Botswana (Most Favoured Nation duty rate treatment, 5.32%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 5.32%), Cameroon (Most Favoured Nation duty rate treatment, 5.32%), and Republic of the Congo (Most Favoured Nation duty rate treatment, 5.32%).
April 2023
Overview In April 2023 South Korea's Wood, wood articles, & charcoal exports accounted up to $4.79M and imports accounted up to $253M, resulting in a negative trade balance of $248M. Between April 2022 and April 2023 the exports of South Korea's Wood, wood articles, & charcoal have decreased by $-1.77M (-27%) from $6.56M to $4.79M, while imports decreased by $-71.4M (-22%) from $325M to $253M.
Destinations In April 2023, Wood, wood articles, & charcoal were exported mostly to United States ($1.2M), Japan ($1.01M), China ($425k), Vietnam ($236k), and Mongolia ($226k), and were imported mostly from Vietnam ($56.1M), China ($32.4M), Indonesia ($31.2M), New Zealand ($20.8M), and Thailand ($20.1M).
Growth In April 2023, the decrease in Wood, wood articles, & charcoal's year-by-year exports was explained primarily by a decrease in exports to Japan ($-252k or -17.1%), Cambodia ($-201k or -100%), and United States ($-175k or -14%). In April 2023, the decrease in Wood, wood articles, & charcoal's year-by-year imports was explained primarily by a decrease in imports from Chile ($-2.96M or -29.3%), New Zealand ($-1.79M or -8.29%), and United States ($-1.77M or -18.6%).
EXPORT GROWTH (April 2022 - April 2023): $-1.77M, (-27%)
IMPORT GROWTH (April 2022 - April 2023): $-71.4M, (-22%)
MAIN DESTINATION (April 2023): United States, $1.2M
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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EXPORTS (2021): $75.4M
IMPORTS (2021): $3.83B
NET TRADE (2021): -$3.75B
In 2021, South Korea exported $75.4M in Wood, wood articles, & charcoal. The main destinations of South Korea exports on Wood, wood articles, & charcoal were Japan ($14.7M), United States ($11.9M), China ($10.1M), Indonesia ($6.02M), and Vietnam ($3.01M).
In 2021, South Korea imported $3.83B in Wood, wood articles, & charcoal, mainly from Vietnam ($824M), China ($580M), Indonesia ($472M), New Zealand ($346M), and Thailand ($251M).
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY South Korea WERE (2020 - 2021):
In 2021, South Korea's main exporting competitors in Wood, wood articles, & charcoal were:
In 2021, South Korea's main importing competitors in Wood, wood articles, & charcoal were:
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