2021
Exports
$3.53kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Lignite
-1.47Rnk 945 / 1025
2021
Imports
$96MWorld Rnk 3 / 114
Flag Rnk 519 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

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

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (March 2023 - September 2024)$-26k(-59.1%)
MAIN DESTINATION (September 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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Historical Data

Trade Balance

Color
EXPORTS (2021)$3.53k
IMPORTS (2022)$96M
NET TRADE (2022)-$96M

In 2022, South Korea imported $96M in Lignite, mainly from Indonesia ($95.9M), United States ($48.6k), China ($38.7k), and Canada ($36.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lignite BY South Korea WERE (N/A - 2021):Vietnam-$3.53k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Lignite were:
In 2022, South Korea's main importing competitors in Lignite were:
China $8.75B

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Trade Value of Lignite by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $6.29k

Lignite’s highest export potential is N/A. With an export gap of N/A.   Lignite’s highest import potential is China with an import gap of $6.29k.

See methodology.

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