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2022
Exports $31.7kWorld Rnk 49 / 79
Flag Rnk 1151 / 1204
2022
Destination $31.7k China
2021 - 2022
FASTEST GROWING MARKET $31.7kChina
2022
Imports $10.2MWorld Rnk 1 / 140
Flag Rnk 939 / 1213
2022
Origin $1.13M Vietnam
2021 - 2022
FASTEST GROWING ORIGIN $1.13MVietnam
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $31.7k in Wood Wool, making it the 49th largest exporter of Wood Wool in the world. At the same year, Wood Wool was the 1151st most exported product in South Korea. The main destination of Wood Wool exports from South Korea are: China ($31.7k).

The fastest growing export markets for Wood Wool of South Korea between 2021 and 2022 were China ($31.7k).

Imports In 2022, South Korea imported $10.2M in Wood Wool, becoming the 1st largest importer of Wood Wool in the world. At the same year, Wood Wool was the 939th most imported product in South Korea. South Korea imports Wood Wool primarily from: Vietnam ($6.76M), Germany ($1.82M), Indonesia ($498k), United States ($496k), and France ($466k).

The fastest growing import markets in Wood Wool for South Korea between 2021 and 2022 were Vietnam ($1.13M), Indonesia ($493k), and France ($466k).

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Wood Wool exports accounted up to $0 and imports accounted up to $938k, resulting in a negative trade balance of $938k. Between October 2023 and October 2024 the exports of South Korea's   Wood Wool have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $138k (17.3%) from $800k to $938k.

Destinations In October 2024, Wood Wool were exported mostly to United Arab Emirates ($0), China ($0), Indonesia ($0), Vietnam ($0), and Germany ($0), and were imported mostly from Vietnam ($632k), Germany ($243k), United States ($35k), Indonesia ($21k), and China ($7k).

Growth In October 2024, the change in Wood Wool's year-by-year exports was explained primarily by a decrease in exports to . In October 2024, the increase in Wood Wool's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (October 2023 - October 2024)$138k(17.3%)
MAIN DESTINATION (October 2024)United Arab Emirates$0

This section shows Wood Wool'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 Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.7k
IMPORTS (2022)$10.2M
NET TRADE (2022)-$10.2M

In 2022, South Korea exported $31.7k in Wood Wool. The main destinations of South Korea exports on Wood Wool were China ($31.7k).

In 2022, South Korea imported $10.2M in Wood Wool, mainly from Vietnam ($6.76M), Germany ($1.82M), Indonesia ($498k), United States ($496k), and France ($466k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Wool EXPORT MARKETS FOR South Korea WERE (2021 - 2022):China$31.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Wool BY South Korea WERE (2021 - 2022):
Malaysia-$23.2k (-100%)
Vietnam-$3.66k (-100%)
Switzerland-$104 (-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 Wool were:
Germany $37.8M
Vietnam $16.3M
United States $8.6M
In 2022, South Korea's main importing competitors in Wood Wool were:
Netherlands $9.58M
France $6.2M

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Trade Value of Wood Wool by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

Wood Wool’s highest export potential is N/A. With an export gap of N/A.   Wood Wool’s highest import potential is N/A with an import gap of N/A.

See methodology.

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