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2022
Exports $2.5MWorld Rnk 62 / 136
Flag Rnk 901 / 1204
2022
Destination $154k China
2021 - 2022
FASTEST GROWING MARKET $154kChina
2022
PRODUCT COMPLEXITY IN Veneer Sheets-0.79Rnk 778 / 1025
2022
Imports $85.3MWorld Rnk 14 / 202
Flag Rnk 545 / 1213
2022
Origin $5.94M China
2021 - 2022
FASTEST GROWING ORIGIN $5.94MMalaysia
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $2.5M in Veneer Sheets, making it the 62nd largest exporter of Veneer Sheets in the world. At the same year, Veneer Sheets was the 901st most exported product in South Korea. The main destination of Veneer Sheets exports from South Korea are: China ($1.5M), Indonesia ($761k), Japan ($76.2k), Mongolia ($72.1k), and United States ($27.6k).

The fastest growing export markets for Veneer Sheets of South Korea between 2021 and 2022 were China ($154k), Mongolia ($51.8k), and Japan ($41.8k).

Imports In 2022, South Korea imported $85.3M in Veneer Sheets, becoming the 14th largest importer of Veneer Sheets in the world. At the same year, Veneer Sheets was the 545th most imported product in South Korea. South Korea imports Veneer Sheets primarily from: China ($41.5M), Brazil ($10.8M), Solomon Islands ($10.1M), Malaysia ($9.29M), and Chile ($7.02M).

The fastest growing import markets in Veneer Sheets for South Korea between 2021 and 2022 were Malaysia ($5.94M), Brazil ($2.24M), and Gabon ($949k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Veneer Sheets exports accounted up to $187k and imports accounted up to $3.9M, resulting in a negative trade balance of $3.71M. Between July 2023 and July 2024 the exports of South Korea's   Veneer Sheets have increased by $25k (15.4%) from $162k to $187k, while imports decreased by $-1.81M (-31.7%) from $5.71M to $3.9M.

Destinations In July 2024, Veneer Sheets were exported mostly to China ($103k), Vietnam ($36k), Indonesia ($24k), Mongolia ($8k), and United States ($7k), and were imported mostly from China ($1.46M), Chile ($809k), Russia ($654k), Malaysia ($430k), and Italy ($182k).

Growth In July 2024, the increase in Veneer Sheets's year-by-year exports was explained primarily by an increase in exports to Mongolia ($4k or 200%). In July 2024, the decrease in Veneer Sheets's year-by-year imports was explained primarily by a decrease in imports from China ($-892k or -20.5%), Chile ($-330k or -39.4%), and Russia ($-152k or -35.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$25k(15.4%)
IMPORT GROWTH (July 2023 - July 2024)$-1.81M(-31.7%)
MAIN DESTINATION (July 2024)China$103k

This section shows Veneer Sheets'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 Veneer Sheets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.5M
IMPORTS (2022)$85.3M
NET TRADE (2022)-$82.8M

In 2022, South Korea exported $2.5M in Veneer Sheets. The main destinations of South Korea exports on Veneer Sheets were China ($1.5M), Indonesia ($761k), Japan ($76.2k), Mongolia ($72.1k), and United States ($27.6k).

In 2022, South Korea imported $85.3M in Veneer Sheets, mainly from China ($41.5M), Brazil ($10.8M), Solomon Islands ($10.1M), Malaysia ($9.29M), and Chile ($7.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Veneer Sheets EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$154k (11.5%)
Mongolia$51.8k (255%)
Japan$41.8k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Veneer Sheets BY South Korea WERE (2021 - 2022):
Indonesia-$860k (-53.1%)
Hong Kong-$19.9k (-71.9%)
Vietnam-$15k (-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 Veneer Sheets were:
China $711M
Canada $447M
United States $393M
In 2022, South Korea's main importing competitors in Veneer Sheets were:
United States $570M
China $456M
India $272M

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Trade Value of Veneer Sheets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $793k
TOP IMPORT POTENTIALChina+ $2.83M

Veneer Sheets’s highest export potential is China. With an export gap of $793k.   Veneer Sheets’s highest import potential is China with an import gap of $2.83M.

See methodology.

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