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2022
Exports $1.1BWorld Rnk 7 / 138
Flag Rnk 92 / 1204
2022
Destination $111M China
2021 - 2022
FASTEST GROWING MARKET $111MChina
2022
PRODUCT COMPLEXITY IN Petroleum Coke-0.75Rnk 769 / 1025
2022
Imports $178MWorld Rnk 40 / 200
Flag Rnk 390 / 1213
2022
Origin $60.7M Canada
2021 - 2022
FASTEST GROWING ORIGIN $60.7MCanada
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.1B in Petroleum Coke, making it the 7th largest exporter of Petroleum Coke in the world. At the same year, Petroleum Coke was the 92nd most exported product in South Korea. The main destination of Petroleum Coke exports from South Korea are: China ($777M), Japan ($171M), Australia ($43.4M), Malaysia ($23.7M), and Vietnam ($21.4M).

The fastest growing export markets for Petroleum Coke of South Korea between 2021 and 2022 were China ($111M), Japan ($26.6M), and Malaysia ($17.1M).

Imports In 2022, South Korea imported $178M in Petroleum Coke, becoming the 40th largest importer of Petroleum Coke in the world. At the same year, Petroleum Coke was the 390th most imported product in South Korea. South Korea imports Petroleum Coke primarily from: Canada ($67.2M), Saudi Arabia ($47.1M), United States ($35.8M), China ($9.33M), and Indonesia ($9.04M).

The fastest growing import markets in Petroleum Coke for South Korea between 2021 and 2022 were Canada ($60.7M), Saudi Arabia ($35.8M), and United States ($24.3M).

COMPANIES In 2023, leading companies such as Hankook Tires (5) were at the forefront of shipping Petroleum Coke from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Petroleum Coke exports accounted up to $29M and imports accounted up to $599k, resulting in a positive trade balance of $28.4M. Between October 2023 and October 2024 the exports of South Korea's   Petroleum Coke have decreased by $-26.4M (-47.6%) from $55.4M to $29M, while imports increased by $199k (49.8%) from $400k to $599k.

Destinations In October 2024, Petroleum Coke were exported mostly to Japan ($18.8M), Australia ($3.08M), Malaysia ($2.21M), Vietnam ($2.19M), and Thailand ($2.06M), and were imported mostly from China ($243k), Japan ($199k), Sweden ($67k), Germany ($62k), and United States ($24k).

Growth In October 2024, the decrease in Petroleum Coke's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-1.71M or -38.6%), Japan ($-606k or -4.92%), and Chinese Taipei ($-21k or -37.5%). In October 2024, the increase in Petroleum Coke's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-26.4M(-47.6%)
IMPORT GROWTH (October 2023 - October 2024)$199k(49.8%)
MAIN DESTINATION (October 2024)Japan$18.8M

This section shows Petroleum Coke'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 Petroleum Coke over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.1B
IMPORTS (2022)$178M
NET TRADE (2022)$925M

In 2022, South Korea exported $1.1B in Petroleum Coke. The main destinations of South Korea exports on Petroleum Coke were China ($777M), Japan ($171M), Australia ($43.4M), Malaysia ($23.7M), and Vietnam ($21.4M).

In 2022, South Korea imported $178M in Petroleum Coke, mainly from Canada ($67.2M), Saudi Arabia ($47.1M), United States ($35.8M), China ($9.33M), and Indonesia ($9.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Coke EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$111M (16.7%)
Japan$26.6M (18.4%)
Malaysia$17.1M (261%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Coke BY South Korea WERE (2021 - 2022):
Australia-$15.9M (-26.9%)
Vietnam-$8.14M (-27.6%)
Chinese Taipei-$1.47M (-68.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Petroleum Coke were:
United States $9B
Canada $3.01B
China $1.71B
In 2022, South Korea's main importing competitors in Petroleum Coke were:
China $5.34B
India $3.67B
United States $3.44B

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Trade Value of Petroleum Coke by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.4M
TOP IMPORT POTENTIALUnited States+ $17.6M

Petroleum Coke’s highest export potential is United States. With an export gap of $12.4M.   Petroleum Coke’s highest import potential is United States with an import gap of $17.6M.

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