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Exports In 2022, South Korea exported $22.1k in Wool Grease, making it the 50th largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 1158th most exported product in South Korea. The main destination of Wool Grease exports from South Korea are: Vietnam ($12k), China ($8.06k), United States ($1.46k), Russia ($401), and Thailand ($95).

The fastest growing export markets for Wool Grease of South Korea between 2021 and 2022 were Vietnam ($1.68k), United States ($1.46k), and Russia ($401).

Imports In 2022, South Korea imported $1.15M in Wool Grease, becoming the 30th largest importer of Wool Grease in the world. At the same year, Wool Grease was the 1128th most imported product in South Korea. South Korea imports Wool Grease primarily from: Japan ($725k), China ($240k), Australia ($72.1k), Belgium ($33.7k), and United Kingdom ($23.4k).

The fastest growing import markets in Wool Grease for South Korea between 2021 and 2022 were Australia ($66.1k), Japan ($63.5k), and Belgium ($14.4k).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (November 2023 - November 2024)$82k(137%)
MAIN DESTINATION (November 2024)China$0

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.1k
IMPORTS (2022)$1.15M
NET TRADE (2022)-$1.13M

In 2022, South Korea exported $22.1k in Wool Grease. The main destinations of South Korea exports on Wool Grease were Vietnam ($12k), China ($8.06k), United States ($1.46k), Russia ($401), and Thailand ($95).

In 2022, South Korea imported $1.15M in Wool Grease, mainly from Japan ($725k), China ($240k), Australia ($72.1k), Belgium ($33.7k), and United Kingdom ($23.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$1.68k (16.3%)
United States$1.46k (1%)
Russia$401 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY South Korea WERE (2021 - 2022):
China-$33.4k (-80.6%)
Indonesia-$1 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Wool Grease were:
In 2022, South Korea's main importing competitors in Wool Grease were:

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.1k
TOP IMPORT POTENTIALChina+ $200k

Wool Grease’s highest export potential is China. With an export gap of $5.1k.   Wool Grease’s highest import potential is China with an import gap of $200k.

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