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2022
Exports $53.9kWorld Rnk 65 / 104
Flag Rnk 1138 / 1204
2022
Destination $12.4k Vietnam
2021 - 2022
FASTEST GROWING MARKET $12.4kVietnam
2022
PRODUCT COMPLEXITY IN Wood Barrels0.13Rnk 510 / 1025
2022
Imports $907kWorld Rnk 54 / 188
Flag Rnk 1139 / 1213
2022
Origin $138k United States
2021 - 2022
FASTEST GROWING ORIGIN $138kFrance
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $53.9k in Wood Barrels, making it the 65th largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 1138th most exported product in South Korea. The main destination of Wood Barrels exports from South Korea are: Vietnam ($44.3k), United Kingdom ($4.01k), Japan ($2.89k), Philippines ($1.87k), and Canada ($216).

The fastest growing export markets for Wood Barrels of South Korea between 2021 and 2022 were Vietnam ($12.4k), United Kingdom ($4.01k), and Canada ($216).

Imports In 2022, South Korea imported $907k in Wood Barrels, becoming the 54th largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 1139th most imported product in South Korea. South Korea imports Wood Barrels primarily from: United States ($318k), Portugal ($181k), France ($165k), Spain ($76.3k), and China ($50.8k).

The fastest growing import markets in Wood Barrels for South Korea between 2021 and 2022 were France ($138k), Portugal ($106k), and Spain ($46.3k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Wood Barrels exports accounted up to $5k and imports accounted up to $177k, resulting in a negative trade balance of $172k. Between July 2023 and July 2024 the exports of South Korea's   Wood Barrels have remained the same by $0 (0%) from $5k to $5k, while imports increased by $73k (70.2%) from $104k to $177k.

Destinations In July 2024, Wood Barrels were exported mostly to Vietnam ($5k), China ($0), Indonesia ($0), Philippines ($0), and Germany ($0), and were imported mostly from United States ($96k), Germany ($23k), Portugal ($17k), Ukraine ($15k), and Indonesia ($13k).

Growth In July 2024, the change in Wood Barrels's year-by-year exports was explained primarily by a decrease in exports to Vietnam ($-2k or -40%). In July 2024, the increase in Wood Barrels's year-by-year imports was explained primarily by an increase in imports from United States ($49k or 245%) and Vietnam ($2k or 100%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$73k(70.2%)
MAIN DESTINATION (July 2024)Vietnam$5k

This section shows Wood Barrels'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 Wood Barrels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$53.9k
IMPORTS (2022)$907k
NET TRADE (2022)-$853k

In 2022, South Korea exported $53.9k in Wood Barrels. The main destinations of South Korea exports on Wood Barrels were Vietnam ($44.3k), United Kingdom ($4.01k), Japan ($2.89k), Philippines ($1.87k), and Canada ($216).

In 2022, South Korea imported $907k in Wood Barrels, mainly from United States ($318k), Portugal ($181k), France ($165k), Spain ($76.3k), and China ($50.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$12.4k (39%)
United Kingdom$4.01k (1%)
Canada$216 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY South Korea WERE (2021 - 2022):
Philippines-$54.5k (-96.7%)
Japan-$5.84k (-66.9%)
United Arab Emirates-$1.76k (-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 Wood Barrels were:
France $530M
United States $318M
Spain $144M
In 2022, South Korea's main importing competitors in Wood Barrels were:
United States $278M
United Kingdom $194M
Spain $90.8M

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $7.46k
TOP IMPORT POTENTIALFrance+ $152k

Wood Barrels’s highest export potential is United Kingdom. With an export gap of $7.46k.   Wood Barrels’s highest import potential is France with an import gap of $152k.

See methodology.

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