Tall Oil in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $10.1k in Tall Oil, making it the 39th largest exporter of Tall Oil in the world. At the same year, Tall Oil was the 1171st most exported product in South Korea. The main destination of Tall Oil exports from South Korea are: Vietnam ($10.1k) and Chinese Taipei ($34).

The fastest growing export markets for Tall Oil of South Korea between 2021 and 2022 were Chinese Taipei ($34).

Imports In 2022, South Korea imported $5.04M in Tall Oil, becoming the 11th largest importer of Tall Oil in the world. At the same year, Tall Oil was the 1015th most imported product in South Korea. South Korea imports Tall Oil primarily from: United States ($4.21M), New Zealand ($492k), Sweden ($319k), Japan ($13.4k), and Italy ($11k).

The fastest growing import markets in Tall Oil for South Korea between 2021 and 2022 were United States ($1.67M), Sweden ($130k), and Italy ($11k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Tall Oil exports accounted up to $1k and imports accounted up to $872k, resulting in a negative trade balance of $871k. Between October 2023 and October 2024 the exports of South Korea's Tall Oil have remained the same by $0 (0%) from $1k to $1k, while imports increased by $576k (195%) from $296k to $872k.

Destinations In October 2024, Tall Oil were exported mostly to Vietnam ($1k), Sweden ($0), and United States ($0), and were imported mostly from Sweden ($680k), United States ($192k), and Vietnam ($0).

Growth In October 2024, the change in Tall Oil's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Tall Oil's year-by-year imports was explained primarily by an increase in imports from United States ($290k or 326%) and New Zealand ($42k or 175%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

IMPORT GROWTH (October 2023 - October 2024)$576k(195%)

MAIN DESTINATION (October 2024)Vietnam$1k

This section shows Tall 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 Tall Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$10.1k

IMPORTS (2022)$5.04M

NET TRADE (2022)-$5.03M

In 2022, South Korea exported $10.1k in Tall Oil. The main destinations of South Korea exports on Tall Oil were Vietnam ($10.1k) and Chinese Taipei ($34).

In 2022, South Korea imported $5.04M in Tall Oil, mainly from United States ($4.21M), New Zealand ($492k), Sweden ($319k), Japan ($13.4k), and Italy ($11k).

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