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2022
Exports $535kWorld Rnk 76 / 152
Flag Rnk 1034 / 1204
2022
Destination $45.9k Japan
2021 - 2022
FASTEST GROWING MARKET $45.9kColombia
2022
PRODUCT COMPLEXITY IN Wood Charcoal-1.42Rnk 937 / 1025
2022
Imports $111MWorld Rnk 4 / 206
Flag Rnk 491 / 1213
2022
Origin $12.6M Laos
2021 - 2022
FASTEST GROWING ORIGIN $12.6MLaos
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $535k in Wood Charcoal, making it the 76th largest exporter of Wood Charcoal in the world. At the same year, Wood Charcoal was the 1034th most exported product in South Korea. The main destination of Wood Charcoal exports from South Korea are: Japan ($223k), Colombia ($77.3k), Malaysia ($57.6k), Fiji ($27.8k), and China ($18.5k).

The fastest growing export markets for Wood Charcoal of South Korea between 2021 and 2022 were Colombia ($45.9k), Fiji ($18.8k), and Czechia ($17.6k).

Imports In 2022, South Korea imported $111M in Wood Charcoal, becoming the 4th largest importer of Wood Charcoal in the world. At the same year, Wood Charcoal was the 491st most imported product in South Korea. South Korea imports Wood Charcoal primarily from: Laos ($30.7M), Vietnam ($29.7M), Indonesia ($28.2M), China ($9.45M), and Nigeria ($6.17M).

The fastest growing import markets in Wood Charcoal for South Korea between 2021 and 2022 were Laos ($12.6M), Indonesia ($7.2M), and Nigeria ($5.73M).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Wood Charcoal exports accounted up to $51k and imports accounted up to $9.31M, resulting in a negative trade balance of $9.26M. Between October 2023 and October 2024 the exports of South Korea's   Wood Charcoal have increased by $46k (920%) from $5k to $51k, while imports decreased by $-1.35M (-12.6%) from $10.7M to $9.31M.

Destinations In October 2024, Wood Charcoal were exported mostly to Malaysia ($19k), Indonesia ($18k), China ($10k), Singapore ($2k), and United States ($2k), and were imported mostly from Laos ($3.87M), Vietnam ($2.23M), Indonesia ($1.26M), China ($1.12M), and Nigeria ($243k).

Growth In October 2024, the increase in Wood Charcoal's year-by-year exports was explained primarily by an increase in exports to Chinese Taipei ($5k or 167%). In October 2024, the decrease in Wood Charcoal's year-by-year imports was explained primarily by a decrease in imports from Nigeria ($-252k or -43.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$46k(920%)
IMPORT GROWTH (October 2023 - October 2024)$-1.35M(-12.6%)
MAIN DESTINATION (October 2024)Malaysia$19k

This section shows Wood Charcoal'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 Charcoal over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$535k
IMPORTS (2022)$111M
NET TRADE (2022)-$110M

In 2022, South Korea exported $535k in Wood Charcoal. The main destinations of South Korea exports on Wood Charcoal were Japan ($223k), Colombia ($77.3k), Malaysia ($57.6k), Fiji ($27.8k), and China ($18.5k).

In 2022, South Korea imported $111M in Wood Charcoal, mainly from Laos ($30.7M), Vietnam ($29.7M), Indonesia ($28.2M), China ($9.45M), and Nigeria ($6.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Charcoal EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Colombia$45.9k (146%)
Fiji$18.8k (209%)
Czechia$17.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Charcoal BY South Korea WERE (2021 - 2022):
Japan-$230k (-50.7%)
Burma-$38.9k (-100%)
China-$16.7k (-47.4%)
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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 Charcoal were:
Indonesia $400M
China $175M
Poland $94M
In 2022, South Korea's main importing competitors in Wood Charcoal were:
China $162M
Japan $122M
Saudi Arabia $117M

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Trade Value of Wood Charcoal by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $70.5k
TOP IMPORT POTENTIALChina+ $2.86M

Wood Charcoal’s highest export potential is Japan. With an export gap of $70.5k.   Wood Charcoal’s highest import potential is China with an import gap of $2.86M.

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