Natural gums, resins & other vegetable extracts in South Korea

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Exports In 2022, South Korea exported $129M in Natural gums, resins & other vegetable extracts, making it the 18th largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 72nd most exported product in South Korea. The main destination of Natural gums, resins & other vegetable extracts exports from South Korea are: Japan ($34.9M), United States ($27.3M), China ($18.6M), Denmark ($10.1M), and Thailand ($4.99M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of South Korea between 2021 and 2022 were Denmark ($4.31M), Thailand ($3.03M), and Netherlands ($1.2M).

Imports In 2022, South Korea imported $375M in Natural gums, resins & other vegetable extracts, becoming the 6th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 73rd most imported product in South Korea. South Korea imports Natural gums, resins & other vegetable extracts primarily from: China ($97.8M), Vietnam ($62.3M), India ($46.6M), France ($34.8M), and United States ($34.4M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for South Korea between 2021 and 2022 were France ($25.5M), Vietnam ($19.8M), and China ($11.7M).

Latest Trends

November 2024

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Overview In November 2024 South Korea's Natural gums, resins & other vegetable extracts exports accounted up to $8.76M and imports accounted up to $26.6M, resulting in a negative trade balance of $17.8M. Between November 2023 and November 2024 the exports of South Korea's Natural gums, resins & other vegetable extracts have decreased by $-245k (-2.72%) from $9.01M to $8.76M, while imports decreased by $-360k (-1.34%) from $26.9M to $26.6M.

Destinations In November 2024, Natural gums, resins & other vegetable extracts were exported mostly to United States ($2.77M), Japan ($2.31M), China ($1.09M), Denmark ($406k), and Chinese Taipei ($383k), and were imported mostly from Vietnam ($5.73M), China ($5.07M), France ($3.78M), Spain ($2.9M), and United States ($1.93M).

Growth In November 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year exports was explained primarily by a decrease in exports to United States ($-1.82M or -64.9%), Philippines ($-231k or -81.6%), and Chinese Taipei ($-218k or -88.6%). In November 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year imports was explained primarily by a decrease in imports from Italy ($-971k or -90.8%), Spain ($-274k or -11.9%), and Switzerland ($-232k or -59.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-245k(-2.72%)

IMPORT GROWTH (November 2023 - November 2024)$-360k(-1.34%)

MAIN DESTINATION (November 2024)United States$2.77M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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