Lignite in South Korea | The Observatory of Economic Complexity

About

Imports In 2022, South Korea imported $96M in Lignite, becoming the 3rd largest importer of Lignite in the world. At the same year, Lignite was the 519th most imported product in South Korea. South Korea imports Lignite primarily from: Indonesia ($95.9M), United States ($48.6k), China ($38.7k), and Canada ($36.6k).

The fastest growing import markets in Lignite for South Korea between 2021 and 2022 were Indonesia ($95.9M), China ($38.7k), and Canada ($36.6k).

COMPANIES In 2023, leading companies such as Chevron (1) were at the forefront of shipping Lignite from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Lignite exports accounted up to $0 and imports accounted up to $6k, resulting in a negative trade balance of $6k. Between June 2023 and October 2024 the exports of South Korea's Lignite have remained the same by $0 (N/A%) from $0 to $0, while imports decreased by $-6k (-50%) from $12k to $6k.

Destinations In October 2024, Lignite were exported mostly to China ($0), and were imported mostly from China ($6k).

Growth In October 2024, the change in Lignite's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the decrease in Lignite's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

IMPORT GROWTH (June 2023 - October 2024)$-6k(-50%)

MAIN DESTINATION (October 2024)China$0

This section shows Lignite'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 Lignite over time.

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