2022
Exports
$6.96MWorld Rnk 92 / 181
Flag Rnk 784 / 1204
2022
PRODUCT COMPLEXITY IN Sawn Wood
-1.13Rnk 864 / 1025
2022
Imports
$577MWorld Rnk 16 / 223
Flag Rnk 172 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $6.96M in Sawn Wood, making it the 92nd largest exporter of Sawn Wood in the world. At the same year, Sawn Wood was the 784th most exported product in South Korea. The main destination of Sawn Wood exports from South Korea are: Indonesia ($3.86M), United States ($1.33M), Japan ($846k), China ($595k), and Vietnam ($191k).

The fastest growing export markets for Sawn Wood of South Korea between 2021 and 2022 were Indonesia ($668k), United States ($273k), and Vietnam ($139k).

Imports In 2022, South Korea imported $577M in Sawn Wood, becoming the 16th largest importer of Sawn Wood in the world. At the same year, Sawn Wood was the 172nd most imported product in South Korea. South Korea imports Sawn Wood primarily from: Chile ($122M), Russia ($111M), Germany ($50.3M), Sweden ($43.4M), and Latvia ($36.1M).

The fastest growing import markets in Sawn Wood for South Korea between 2021 and 2022 were Chile ($38M), New Zealand ($9.89M), and Sweden ($6.17M).

COMPANIES In 2023, leading companies such as At Home Procurement (2) were at the forefront of shipping Sawn Wood from South Korea to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-392k(-47.8%)
IMPORT GROWTH (October 2023 - October 2024)$-3.84M(-8.18%)
MAIN DESTINATION (October 2024)Indonesia$224k

This section shows Sawn Wood'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 Sawn Wood over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.96M
IMPORTS (2022)$577M
NET TRADE (2022)-$570M

In 2022, South Korea exported $6.96M in Sawn Wood. The main destinations of South Korea exports on Sawn Wood were Indonesia ($3.86M), United States ($1.33M), Japan ($846k), China ($595k), and Vietnam ($191k).

In 2022, South Korea imported $577M in Sawn Wood, mainly from Chile ($122M), Russia ($111M), Germany ($50.3M), Sweden ($43.4M), and Latvia ($36.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sawn Wood EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Indonesia$668k (20.9%)
United States$273k (25.8%)
Vietnam$139k (269%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sawn Wood BY South Korea WERE (2021 - 2022):
Japan-$1.23M (-59.3%)
China-$153k (-20.4%)
Canada-$31k (-84%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Sawn Wood were:
Sweden $4.76B
Russia $4.69B
In 2022, South Korea's main importing competitors in Sawn Wood were:

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Trade Value of Sawn Wood by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.02M
TOP IMPORT POTENTIALCanada+ $22.7M

Sawn Wood’s highest export potential is United States. With an export gap of $2.02M.   Sawn Wood’s highest import potential is Canada with an import gap of $22.7M.

See methodology.

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