Peat in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $43.7k in Peat, making it the 63rd largest exporter of Peat in the world. At the same year, Peat was the 1146th most exported product in South Korea. The main destination of Peat exports from South Korea are: Japan ($25.6k), Mongolia ($9.79k), Indonesia ($6.26k), India ($1.1k), and Singapore ($498).

The fastest growing export markets for Peat of South Korea between 2021 and 2022 were Mongolia ($9.79k), Indonesia ($6.26k), and Singapore ($498).

Imports In 2022, South Korea imported $20.7M in Peat, becoming the 18th largest importer of Peat in the world. At the same year, Peat was the 826th most imported product in South Korea. South Korea imports Peat primarily from: Latvia ($10.5M), Lithuania ($2.63M), Russia ($2.14M), Estonia ($1.64M), and Canada ($1.33M).

The fastest growing import markets in Peat for South Korea between 2021 and 2022 were Lithuania ($375k), Belgium ($144k), and China ($129k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Peat exports accounted up to $4k and imports accounted up to $1.65M, resulting in a negative trade balance of $1.65M. Between October 2023 and October 2024 the exports of South Korea's Peat have increased by $4k (N/A%) from $0 to $4k, while imports increased by $423k (34.4%) from $1.23M to $1.65M.

Destinations In October 2024, Peat were exported mostly to Mongolia ($4k), China ($0), Philippines ($0), Germany ($0), and Estonia ($0), and were imported mostly from Latvia ($1.26M), Estonia ($156k), Lithuania ($64k), Poland ($54k), and Netherlands ($47k).

Growth In October 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from Germany ($67k or 248%), Belgium ($47k or 522%), and Poland ($43k or 38.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)$4k(N/A%)

IMPORT GROWTH (October 2023 - October 2024)$423k(34.4%)

MAIN DESTINATION (October 2024)Mongolia$4k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$43.7k

IMPORTS (2022)$20.7M

NET TRADE (2022)-$20.6M

In 2022, South Korea exported $43.7k in Peat. The main destinations of South Korea exports on Peat were Japan ($25.6k), Mongolia ($9.79k), Indonesia ($6.26k), India ($1.1k), and Singapore ($498).

In 2022, South Korea imported $20.7M in Peat, mainly from Latvia ($10.5M), Lithuania ($2.63M), Russia ($2.14M), Estonia ($1.64M), and Canada ($1.33M).

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