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Exports In 2018, South Korea exported $45.9k in Olive Oil, making it the 46th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1143rd most exported product in South Korea. The main destination of Olive Oil exports from South Korea are: Mongolia ($19.4k), United States ($18.9k), Spain ($6.12k), Kazakhstan ($1.46k), and Indonesia ($8).

The fastest growing export markets for Olive Oil of South Korea between 2021 and 2022 were Mongolia ($19.4k), United States ($15.2k), and Spain ($6.12k).

Imports In 2022, South Korea imported $16.5M in Olive Oil, becoming the 8th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 863rd most imported product in South Korea. South Korea imports Olive Oil primarily from: Italy ($8.45M), Spain ($7.05M), Turkey ($974k), United States ($34.7k), and Germany ($28k).

The fastest growing import markets in Olive Oil for South Korea between 2021 and 2022 were Spain ($3.52M), Italy ($2.83M), and Turkey ($637k).

COMPANIES In 2023, leading companies such as Direct Link (4) were at the forefront of shipping Olive Oil from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$2k(N/A%)
IMPORT GROWTH (October 2023 - October 2024)$26k(2.46%)
MAIN DESTINATION (October 2024)Philippines$2k

This section shows Olive Oil'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 Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$45.9k
IMPORTS (2022)$16.5M
NET TRADE (2022)-$16.5M

In 2022, South Korea exported $45.9k in Olive Oil. The main destinations of South Korea exports on Olive Oil were Mongolia ($19.4k), United States ($18.9k), Spain ($6.12k), Kazakhstan ($1.46k), and Indonesia ($8).

In 2022, South Korea imported $16.5M in Olive Oil, mainly from Italy ($8.45M), Spain ($7.05M), Turkey ($974k), United States ($34.7k), and Germany ($28k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Mongolia$19.4k (1%)
United States$15.2k (406%)
Spain$6.12k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY South Korea WERE (2021 - 2022):
Russia-$23.1k (-100%)
Canada-$10.8k (-100%)
Turkey-$5.56k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, South Korea's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.8k
TOP IMPORT POTENTIALGermany+ $27.7k

Olive Oil’s highest export potential is United States. With an export gap of $13.8k.   Olive Oil’s highest import potential is Germany with an import gap of $27.7k.

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