Sign In
Pricing

2022
Exports $3.15MWorld Rnk 67 / 196
Flag Rnk 879 / 1204
2022
Destination $1.26M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $1.26MHong Kong
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $72.6MWorld Rnk 18 / 214
Flag Rnk 584 / 1213
2022
Origin $3.19M India
2021 - 2022
FASTEST GROWING ORIGIN $3.19MIndia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $3.15M in Essential Oils, making it the 67th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 879th most exported product in South Korea. The main destination of Essential Oils exports from South Korea are: Hong Kong ($1.3M), China ($358k), India ($327k), Japan ($166k), and Kuwait ($144k).

The fastest growing export markets for Essential Oils of South Korea between 2021 and 2022 were Hong Kong ($1.26M), India ($291k), and Kuwait ($141k).

Imports In 2022, South Korea imported $72.6M in Essential Oils, becoming the 18th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 584th most imported product in South Korea. South Korea imports Essential Oils primarily from: India ($24M), United States ($13.9M), France ($7M), China ($6.3M), and United Kingdom ($4.39M).

The fastest growing import markets in Essential Oils for South Korea between 2021 and 2022 were India ($3.19M), United Kingdom ($1.68M), and China ($1.22M).

COMPANIES In 2023, leading companies such as Lollicup (1) and LG Electronics (1) were at the forefront of shipping Essential Oils from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Essential Oils exports accounted up to $50k and imports accounted up to $5.64M, resulting in a negative trade balance of $5.59M. Between July 2023 and July 2024 the exports of South Korea's   Essential Oils have decreased by $-58k (-53.7%) from $108k to $50k, while imports increased by $186k (3.41%) from $5.45M to $5.64M.

Destinations In July 2024, Essential Oils were exported mostly to France ($12k), Vietnam ($7k), United Arab Emirates ($5k), China ($5k), and United Kingdom ($5k), and were imported mostly from China ($1.03M), India ($992k), United States ($887k), Mexico ($686k), and France ($462k).

Growth In July 2024, the decrease in Essential Oils's year-by-year exports was explained primarily by a decrease in exports to China ($-17k or -44.7%). In July 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from Turkey ($160k or 4k%), China ($139k or 40.1%), and France ($101k or 18%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-58k(-53.7%)
IMPORT GROWTH (July 2023 - July 2024)$186k(3.41%)
MAIN DESTINATION (July 2024)France$12k

This section shows Essential Oils'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 Essential Oils over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.15M
IMPORTS (2022)$72.6M
NET TRADE (2022)-$69.4M

In 2022, South Korea exported $3.15M in Essential Oils. The main destinations of South Korea exports on Essential Oils were Hong Kong ($1.3M), China ($358k), India ($327k), Japan ($166k), and Kuwait ($144k).

In 2022, South Korea imported $72.6M in Essential Oils, mainly from India ($24M), United States ($13.9M), France ($7M), China ($6.3M), and United Kingdom ($4.39M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hong Kong$1.26M (2.82k%)
India$291k (828%)
Kuwait$141k (4.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY South Korea WERE (2021 - 2022):
United States-$374k (-86.9%)
Sweden-$109k (-99.6%)
Singapore-$100k (-96.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, South Korea's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

Explore Visualizations

Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $464k
TOP IMPORT POTENTIALIndia+ $4.6M

Essential Oils’s highest export potential is China. With an export gap of $464k.   Essential Oils’s highest import potential is India with an import gap of $4.6M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms