2022
Exports
$10.6MWorld Rnk 14 / 82
Flag Rnk 720 / 1204
2022
PRODUCT COMPLEXITY IN Other Animal Fats
0.58Rnk 329 / 1025
2022
Imports
$2.29MWorld Rnk 24 / 154
Flag Rnk 1087 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $10.6M in Other Animal Fats, making it the 14th largest exporter of Other Animal Fats in the world. At the same year, Other Animal Fats was the 720th most exported product in South Korea. The main destination of Other Animal Fats exports from South Korea are: Vietnam ($8.32M), Indonesia ($816k), Norway ($654k), Laos ($290k), and Philippines ($177k).

The fastest growing export markets for Other Animal Fats of South Korea between 2021 and 2022 were Vietnam ($1.85M), Indonesia ($392k), and Laos ($290k).

Imports In 2022, South Korea imported $2.29M in Other Animal Fats, becoming the 24th largest importer of Other Animal Fats in the world. At the same year, Other Animal Fats was the 1087th most imported product in South Korea. South Korea imports Other Animal Fats primarily from: New Zealand ($1.16M), United States ($603k), China ($172k), Vietnam ($151k), and Chinese Taipei ($91k).

The fastest growing import markets in Other Animal Fats for South Korea between 2021 and 2022 were Australia ($5.34k), Turkey ($1.64k), and Austria ($183).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-5.83M(-81.5%)
IMPORT GROWTH (November 2023 - November 2024)$-91k(-100%)
MAIN DESTINATION (November 2024)Vietnam$925k

This section shows Other Animal Fats'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 Other Animal Fats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.6M
IMPORTS (2022)$2.29M
NET TRADE (2022)$8.31M

In 2022, South Korea exported $10.6M in Other Animal Fats. The main destinations of South Korea exports on Other Animal Fats were Vietnam ($8.32M), Indonesia ($816k), Norway ($654k), Laos ($290k), and Philippines ($177k).

In 2022, South Korea imported $2.29M in Other Animal Fats, mainly from New Zealand ($1.16M), United States ($603k), China ($172k), Vietnam ($151k), and Chinese Taipei ($91k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Animal Fats EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.85M (28.6%)
Indonesia$392k (92.4%)
Laos$290k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Animal Fats BY South Korea WERE (2021 - 2022):
Philippines-$464k (-72.4%)
United Kingdom-$152k (-55.1%)
China-$71k (-50%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Other Animal Fats were:
In 2022, South Korea's main importing competitors in Other Animal Fats were:

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Trade Value of Other Animal Fats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $101k
TOP IMPORT POTENTIALChina+ $65.2k

Other Animal Fats’s highest export potential is China. With an export gap of $101k.   Other Animal Fats’s highest import potential is China with an import gap of $65.2k.

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