Wood pulp & paper scrap in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $119M in Wood pulp & paper scrap, making it the 39th largest exporter of Wood pulp & paper scrap in the world. At the same year, Wood pulp & paper scrap was the 73rd most exported product in South Korea. The main destination of Wood pulp & paper scrap exports from South Korea are: Vietnam ($48.1M), Indonesia ($23.4M), China ($17.8M), Pakistan ($6.27M), and Japan ($5.45M).

The fastest growing export markets for Wood pulp & paper scrap of South Korea between 2021 and 2022 were New Zealand ($510k), United States ($293k), and Sri Lanka ($128k).

Imports In 2022, South Korea imported $1.77B in Wood pulp & paper scrap, becoming the 8th largest importer of Wood pulp & paper scrap in the world. At the same year, Wood pulp & paper scrap was the 42nd most imported product in South Korea. South Korea imports Wood pulp & paper scrap primarily from: United States ($314M), Canada ($289M), Indonesia ($230M), Brazil ($170M), and Japan ($142M).

The fastest growing import markets in Wood pulp & paper scrap for South Korea between 2021 and 2022 were Indonesia ($61M), Brazil ($46.4M), and Canada ($39.9M).

COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (178) were at the forefront of shipping Wood pulp & paper scrap from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Wood pulp & paper scrap exports accounted up to $10.4M and imports accounted up to $136M, resulting in a negative trade balance of $125M. Between February 2023 and February 2024 the exports of South Korea's Wood pulp & paper scrap have decreased by $-2.51M (-19.4%) from $13M to $10.4M, while imports decreased by $-33.8M (-19.9%) from $169M to $136M.

Destinations In February 2024, Wood pulp & paper scrap were exported mostly to Vietnam ($3.1M), China ($2.75M), Indonesia ($1.83M), Japan ($742k), and Pakistan ($688k), and were imported mostly from Brazil ($26.8M), Canada ($20.7M), Indonesia ($19.4M), United States ($19.3M), and Uruguay ($12.7M).

Growth In February 2024, the decrease in Wood pulp & paper scrap's year-by-year exports was explained primarily by a decrease in exports to Indonesia ($-1.15M or -53%), Japan ($-1.07M or -97.5%), and Vietnam ($-277k or -7.93%). In February 2024, the decrease in Wood pulp & paper scrap's year-by-year imports was explained primarily by a decrease in imports from Russia ($-5.17M or -51.1%), China ($-3.85M or -47.5%), and Uruguay ($-3.08M or -33%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.51M(-19.4%)

IMPORT GROWTH (February 2023 - February 2024)$-33.8M(-19.9%)

MAIN DESTINATION (February 2024)Vietnam$3.1M

This section shows Wood pulp & paper scrap'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 pulp & paper scrap over time.

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