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2023
Exports $997MWorld Rnk 9 / 139
Flag Rnk 91 / 1188
2023
Destination $4.34M China
2022 - 2023
FASTEST GROWING MARKET $4.34MIndonesia
2023
PRODUCT COMPLEXITY IN Petroleum Coke-0.71Rnk 760 / 1025
2023
Imports $79.3MWorld Rnk 62 / 202
Flag Rnk 533 / 1208
2023
Origin $12.8M United States
2022 - 2023
FASTEST GROWING ORIGIN $12.8MChina
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $997M in Petroleum Coke, making it the 9th largest exporter of Petroleum Coke in the world. At the same year, Petroleum Coke was the 91st most exported product in South Korea. The main destination of Petroleum Coke exports from South Korea are: China ($737M), Japan ($174M), Australia ($33.9M), Malaysia ($19.9M), and Indonesia ($15.9M).

The fastest growing export markets for Petroleum Coke of South Korea between 2022 and 2023 were Indonesia ($4.34M), Chinese Taipei ($2.05M), and India ($1.16M).

Imports In 2023, South Korea imported $79.3M in Petroleum Coke, becoming the 62nd largest importer of Petroleum Coke in the world. At the same year, Petroleum Coke was the 533rd most imported product in South Korea. South Korea imports Petroleum Coke primarily from: United States ($33M), Canada ($21.2M), China ($18.3M), Singapore ($2.14M), and Chinese Taipei ($1.97M).

The fastest growing import markets in Petroleum Coke for South Korea between 2022 and 2023 were China ($12.8M), Australia ($1.23M), and Sweden ($591k).

Latest Trends

December 2024

About

Overview In December 2024 South Korea's Petroleum Coke exports accounted up to $59.8M and imports accounted up to $237k, resulting in a positive trade balance of $59.5M. Between December 2023 and December 2024 the exports of South Korea's   Petroleum Coke have increased by $15.4M (34.7%) from $44.4M to $59.8M, while imports decreased by $-5.74M (-96%) from $5.97M to $237k.

Destinations In December 2024, Petroleum Coke were exported mostly to China ($22.4M), Japan ($15.4M), Australia ($8.31M), Vietnam ($4.27M), and Indonesia ($2.83M), and were imported mostly from China ($179k), United Kingdom ($58k), Indonesia ($0), Japan ($0), and Philippines ($0).

Growth In December 2024, the increase in Petroleum Coke's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the decrease in Petroleum Coke's year-by-year imports was explained primarily by a decrease in imports from United States ($-1.06M or -96.7%), China ($-58k or -14.4%), and Japan ($-6k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$15.4M(34.7%)
IMPORT GROWTH (December 2023 - December 2024)$-5.74M(-96%)
MAIN DESTINATION (December 2024)China$22.4M

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 (2023)$997M
IMPORTS (2023)$79.3M
NET TRADE (2023)$918M

In 2023, South Korea exported $997M in Petroleum Coke. The main destinations of South Korea exports on Petroleum Coke were China ($737M), Japan ($174M), Australia ($33.9M), Malaysia ($19.9M), and Indonesia ($15.9M).

In 2023, South Korea imported $79.3M in Petroleum Coke, mainly from United States ($33M), Canada ($21.2M), China ($18.3M), Singapore ($2.14M), and Chinese Taipei ($1.97M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Coke EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Indonesia$4.34M (37.5%)
Chinese Taipei$2.05M (266%)
India$1.16M (48.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Coke BY South Korea WERE (2022 - 2023):
China-$71.5M (-8.84%)
Vietnam-$20M (-100%)
Australia-$18.4M (-35.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Petroleum Coke were:
United States $7.22B
Canada $2.43B
Singapore $1.7B
In 2023, South Korea's main importing competitors in Petroleum Coke were:
China $4.74B
India $3.68B
United States $2.82B

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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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