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Exports In 2022, South Korea exported $5.78M in Soybean Oil, making it the 56th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 809th most exported product in South Korea. The main destination of Soybean Oil exports from South Korea are: Japan ($1.24M), China ($880k), Australia ($874k), Russia ($640k), and Indonesia ($590k).
The fastest growing export markets for Soybean Oil of South Korea between 2021 and 2022 were Japan ($372k), Philippines ($313k), and China ($226k).
Imports In 2022, South Korea imported $558M in Soybean Oil, becoming the 7th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 176th most imported product in South Korea. South Korea imports Soybean Oil primarily from: Argentina ($233M), United States ($158M), Vietnam ($80.6M), Brazil ($43.5M), and Chinese Taipei ($11.3M).
The fastest growing import markets in Soybean Oil for South Korea between 2021 and 2022 were Argentina ($59.4M), Brazil ($39.5M), and Chinese Taipei ($11.2M).
COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Soybean Oil from South Korea to the United States.
