Exports In 2022, South Korea exported $197M in Animal or vegetable fats, oils, & waxes, making it the 75th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 67th most exported product in South Korea. The main destination of Animal or vegetable fats, oils, & waxes exports from South Korea are: Japan ($35M), China ($28.8M), Singapore ($27.3M), Malaysia ($27.2M), and Vietnam ($18.1M).
The fastest growing export markets for Animal or vegetable fats, oils, & waxes of South Korea between 2021 and 2022 were Japan ($17.3M), Singapore ($9.71M), and Malaysia ($8.54M).
Imports In 2022, South Korea imported $3.15B in Animal or vegetable fats, oils, & waxes, becoming the 15th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most imported product in South Korea. South Korea imports Animal or vegetable fats, oils, & waxes primarily from: Indonesia ($879M), Malaysia ($731M), Argentina ($249M), United States ($223M), and Canada ($161M).
The fastest growing import markets in Animal or vegetable fats, oils, & waxes for South Korea between 2021 and 2022 were Malaysia ($166M), Argentina ($70.9M), and Brazil ($33.6M).
COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (1.25k), CJ FOODS USA INC. (304), and ROBERT BOSCH TOOL CORPORATION (67) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from South Korea to the United States.