2022
Exports
$1.11MWorld Rnk 53 / 146
Flag Rnk 975 / 1204
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$135MWorld Rnk 14 / 218
Flag Rnk 448 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $1.11M in Pure Olive Oil, making it the 53rd largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 975th most exported product in South Korea. The main destination of Pure Olive Oil exports from South Korea are: China ($334k), Philippines ($317k), United States ($111k), Indonesia ($78.9k), and Mongolia ($75.2k).

The fastest growing export markets for Pure Olive Oil of South Korea between 2021 and 2022 were Philippines ($254k), China ($72k), and Indonesia ($47.6k).

Imports In 2022, South Korea imported $135M in Pure Olive Oil, becoming the 14th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 448th most imported product in South Korea. South Korea imports Pure Olive Oil primarily from: Spain ($94.2M), Italy ($30.4M), Turkey ($2.75M), France ($2.58M), and Greece ($2.27M).

The fastest growing import markets in Pure Olive Oil for South Korea between 2021 and 2022 were Spain ($21.7M), Italy ($2.59M), and France ($1.33M).

COMPANIES In 2023, leading companies such as LG Electronics (5) and Polyplex (1) were at the forefront of shipping Pure Olive Oil from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-56k(-55.4%)
IMPORT GROWTH (October 2023 - October 2024)$12.5M(119%)
MAIN DESTINATION (October 2024)China$17k

This section shows Pure Olive Oil'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 Pure Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.11M
IMPORTS (2022)$135M
NET TRADE (2022)-$134M

In 2022, South Korea exported $1.11M in Pure Olive Oil. The main destinations of South Korea exports on Pure Olive Oil were China ($334k), Philippines ($317k), United States ($111k), Indonesia ($78.9k), and Mongolia ($75.2k).

In 2022, South Korea imported $135M in Pure Olive Oil, mainly from Spain ($94.2M), Italy ($30.4M), Turkey ($2.75M), France ($2.58M), and Greece ($2.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Philippines$254k (403%)
China$72k (27.5%)
Indonesia$47.6k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY South Korea WERE (2021 - 2022):
Hong Kong-$37.4k (-99.8%)
Mongolia-$25.9k (-25.6%)
Russia-$12.6k (-67%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, South Korea's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $292k
TOP IMPORT POTENTIALGreece+ $1.8M

Pure Olive Oil’s highest export potential is China. With an export gap of $292k.   Pure Olive Oil’s highest import potential is Greece with an import gap of $1.8M.

See methodology.

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