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2022
Exports $595kWorld Rnk 78 / 154
Flag Rnk 1024 / 1204
2022
Destination $61.6k Vietnam
2021 - 2022
FASTEST GROWING MARKET $61.6kVietnam
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $117MWorld Rnk 16 / 212
Flag Rnk 473 / 1213
2022
Origin $8.58M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $8.58MPhilippines
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $595k in Coconut Oil, making it the 78th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 1024th most exported product in South Korea. The main destination of Coconut Oil exports from South Korea are: Vietnam ($272k), United States ($258k), Indonesia ($40k), China ($15.9k), and Kuwait ($1.97k).

The fastest growing export markets for Coconut Oil of South Korea between 2021 and 2022 were Vietnam ($61.6k), Indonesia ($30.9k), and Kuwait ($1.97k).

Imports In 2022, South Korea imported $117M in Coconut Oil, becoming the 16th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 473rd most imported product in South Korea. South Korea imports Coconut Oil primarily from: Indonesia ($58.5M), Philippines ($43.1M), Malaysia ($12.4M), Vietnam ($1.08M), and India ($918k).

The fastest growing import markets in Coconut Oil for South Korea between 2021 and 2022 were Philippines ($8.58M), Indonesia ($2.53M), and Malaysia ($1.85M).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Coconut Oil exports accounted up to $51k and imports accounted up to $4.84M, resulting in a negative trade balance of $4.79M. Between July 2023 and July 2024 the exports of South Korea's   Coconut Oil have increased by $51k (N/A%) from $0 to $51k, while imports increased by $1.25M (34.9%) from $3.59M to $4.84M.

Destinations In July 2024, Coconut Oil were exported mostly to United States ($50k), China ($1k), Indonesia ($0), India ($0), and Sri Lanka ($0), and were imported mostly from Philippines ($2.33M), Indonesia ($1.75M), Malaysia ($662k), Vietnam ($55k), and Thailand ($17k).

Growth In July 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to . In July 2024, the increase in Coconut Oil's year-by-year imports was explained primarily by an increase in imports from Vietnam ($79k or 113%), France ($6k or 54.5%), and United States ($2k or 5.88%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$51k(N/A%)
IMPORT GROWTH (July 2023 - July 2024)$1.25M(34.9%)
MAIN DESTINATION (July 2024)United States$50k

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$595k
IMPORTS (2022)$117M
NET TRADE (2022)-$117M

In 2022, South Korea exported $595k in Coconut Oil. The main destinations of South Korea exports on Coconut Oil were Vietnam ($272k), United States ($258k), Indonesia ($40k), China ($15.9k), and Kuwait ($1.97k).

In 2022, South Korea imported $117M in Coconut Oil, mainly from Indonesia ($58.5M), Philippines ($43.1M), Malaysia ($12.4M), Vietnam ($1.08M), and India ($918k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$61.6k (29.3%)
Indonesia$30.9k (337%)
Kuwait$1.97k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY South Korea WERE (2021 - 2022):
United States-$72.3k (-21.9%)
Japan-$28.2k (-99.6%)
China-$13.5k (-46%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, South Korea's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $255k
TOP IMPORT POTENTIALPhilippines+ $6.32M

Coconut Oil’s highest export potential is United States. With an export gap of $255k.   Coconut Oil’s highest import potential is Philippines with an import gap of $6.32M.

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