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2022
Exports $1.5kWorld Rnk 70 / 84
Flag Rnk 1192 / 1204
2022
Destination $543 France
2021 - 2022
FASTEST GROWING MARKET $543France
2022
PRODUCT COMPLEXITY IN Pig and Poultry Fat0.8Rnk 244 / 1025
2022
Imports $110kWorld Rnk 72 / 153
Flag Rnk 1192 / 1213
2022
Origin $2.56k Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $2.56kIndonesia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.5k in Pig and Poultry Fat, making it the 70th largest exporter of Pig and Poultry Fat in the world. At the same year, Pig and Poultry Fat was the 1192nd most exported product in South Korea. The main destination of Pig and Poultry Fat exports from South Korea are: France ($1.5k).

The fastest growing export markets for Pig and Poultry Fat of South Korea between 2021 and 2022 were France ($543).

Imports In 2022, South Korea imported $110k in Pig and Poultry Fat, becoming the 72nd largest importer of Pig and Poultry Fat in the world. At the same year, Pig and Poultry Fat was the 1192nd most imported product in South Korea. South Korea imports Pig and Poultry Fat primarily from: Indonesia ($93.7k), Belgium ($16.3k), United States ($109), and United Kingdom ($11).

The fastest growing import markets in Pig and Poultry Fat for South Korea between 2021 and 2022 were Indonesia ($2.56k) and United Kingdom ($11).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Pig and Poultry Fat exports accounted up to $0 and imports accounted up to $31k, resulting in a negative trade balance of $31k. Between June 2023 and July 2024 the exports of South Korea's   Pig and Poultry Fat have decreased by $-5k (-100%) from $5k to $0, while imports increased by $25k (417%) from $6k to $31k.

Destinations In July 2024, Pig and Poultry Fat were exported mostly to France ($0), and were imported mostly from France ($31k).

Growth In July 2024, the decrease in Pig and Poultry Fat's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Pig and Poultry Fat's year-by-year imports was explained primarily by an increase in imports from Indonesia ($1k or 11.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - July 2024)$-5k(-100%)
IMPORT GROWTH (June 2023 - July 2024)$25k(417%)
MAIN DESTINATION (July 2024)France$0

This section shows Pig and Poultry Fat'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 Pig and Poultry Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.5k
IMPORTS (2022)$110k
NET TRADE (2022)-$109k

In 2022, South Korea exported $1.5k in Pig and Poultry Fat. The main destinations of South Korea exports on Pig and Poultry Fat were France ($1.5k).

In 2022, South Korea imported $110k in Pig and Poultry Fat, mainly from Indonesia ($93.7k), Belgium ($16.3k), United States ($109), and United Kingdom ($11).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig and Poultry Fat EXPORT MARKETS FOR South Korea WERE (2021 - 2022):France$543 (56.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig and Poultry Fat BY South Korea WERE (2021 - 2022):
Japan-$541k (-100%)
Ireland-$119 (-100%)
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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 Pig and Poultry Fat were:
Germany $182M
United States $158M
France $149M
In 2022, South Korea's main importing competitors in Pig and Poultry Fat were:
Netherlands $331M
Spain $86.7M
Germany $83.2M

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Trade Value of Pig and Poultry Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.8k
TOP IMPORT POTENTIALBelgium+ $15.1k

Pig and Poultry Fat’s highest export potential is France. With an export gap of $1.8k.   Pig and Poultry Fat’s highest import potential is Belgium with an import gap of $15.1k.

See methodology.

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