Sign In
Pricing

2022
Exports $12.2MWorld Rnk 56 / 155
Flag Rnk 705 / 1204
2022
Destination $642k Vietnam
2021 - 2022
FASTEST GROWING MARKET $642kJapan
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $99.5MWorld Rnk 22 / 219
Flag Rnk 513 / 1213
2022
Origin $6.97M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $6.97MMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $12.2M in Margarine, making it the 56th largest exporter of Margarine in the world. At the same year, Margarine was the 705th most exported product in South Korea. The main destination of Margarine exports from South Korea are: Vietnam ($5.59M), Hong Kong ($1.44M), Malaysia ($1.34M), Japan ($1.02M), and United States ($929k).

The fastest growing export markets for Margarine of South Korea between 2021 and 2022 were Japan ($642k), Malaysia ($622k), and United States ($324k).

Imports In 2022, South Korea imported $99.5M in Margarine, becoming the 22nd largest importer of Margarine in the world. At the same year, Margarine was the 513th most imported product in South Korea. South Korea imports Margarine primarily from: Malaysia ($23.2M), Singapore ($18.8M), China ($11.7M), United States ($11.3M), and Indonesia ($10.7M).

The fastest growing import markets in Margarine for South Korea between 2021 and 2022 were Malaysia ($6.97M), Indonesia ($2.5M), and Singapore ($2.32M).

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

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Margarine exports accounted up to $896k and imports accounted up to $11.2M, resulting in a negative trade balance of $10.3M. Between July 2023 and July 2024 the exports of South Korea's   Margarine have decreased by $-370k (-29.2%) from $1.27M to $896k, while imports increased by $2.82M (33.5%) from $8.42M to $11.2M.

Destinations In July 2024, Margarine were exported mostly to Vietnam ($331k), United States ($285k), Hong Kong ($184k), France ($40k), and Philippines ($17k), and were imported mostly from Malaysia ($2.29M), Singapore ($1.8M), China ($1.63M), United States ($1.29M), and Canada ($955k).

Growth In July 2024, the decrease in Margarine's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-218k or -48.8%), Indonesia ($-145k or -100%), and Japan ($-118k or -76.6%). In July 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Italy ($387k or 120%), Indonesia ($382k or 65.5%), and China ($278k or 39.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-370k(-29.2%)
IMPORT GROWTH (July 2023 - July 2024)$2.82M(33.5%)
MAIN DESTINATION (July 2024)Vietnam$331k

This section shows Margarine'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 Margarine 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)$12.2M
IMPORTS (2022)$99.5M
NET TRADE (2022)-$87.3M

In 2022, South Korea exported $12.2M in Margarine. The main destinations of South Korea exports on Margarine were Vietnam ($5.59M), Hong Kong ($1.44M), Malaysia ($1.34M), Japan ($1.02M), and United States ($929k).

In 2022, South Korea imported $99.5M in Margarine, mainly from Malaysia ($23.2M), Singapore ($18.8M), China ($11.7M), United States ($11.3M), and Indonesia ($10.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Japan$642k (169%)
Malaysia$622k (86.8%)
United States$324k (53.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY South Korea WERE (2021 - 2022):
Hong Kong-$437k (-23.3%)
China-$334k (-50.7%)
Indonesia-$211k (-24.3%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, South Korea's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

Explore Visualizations

Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.06M
TOP IMPORT POTENTIALIndonesia+ $6.78M

Margarine’s highest export potential is China. With an export gap of $1.06M.   Margarine’s highest import potential is Indonesia with an import gap of $6.78M.

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