Petroleum Jelly in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $34.9M in Petroleum Jelly, making it the 25th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 551st most exported product in South Korea. The main destination of Petroleum Jelly exports from South Korea are: India ($8.71M), China ($7.13M), Vietnam ($4.87M), United States ($2.52M), and Indonesia ($2.39M).

The fastest growing export markets for Petroleum Jelly of South Korea between 2021 and 2022 were India ($2.84M), Indonesia ($924k), and Kenya ($572k).

Imports In 2022, South Korea imported $42M in Petroleum Jelly, becoming the 25th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 706th most imported product in South Korea. South Korea imports Petroleum Jelly primarily from: China ($15.6M), Thailand ($6.42M), Japan ($5.23M), United States ($4.22M), and Malaysia ($2.98M).

The fastest growing import markets in Petroleum Jelly for South Korea between 2021 and 2022 were Thailand ($1.27M), United States ($1.26M), and Italy ($613k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Petroleum Jelly from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Petroleum Jelly exports accounted up to $3.27M and imports accounted up to $2.63M, resulting in a positive trade balance of $640k. Between February 2023 and February 2024 the exports of South Korea's Petroleum Jelly have increased by $552k (20.3%) from $2.72M to $3.27M, while imports decreased by $-684k (-20.6%) from $3.32M to $2.63M.

Destinations In February 2024, Petroleum Jelly were exported mostly to China ($887k), India ($775k), Vietnam ($480k), Indonesia ($334k), and United States ($149k), and were imported mostly from China ($1.06M), United States ($455k), Japan ($291k), Malaysia ($283k), and India ($103k).

Growth In February 2024, the increase in Petroleum Jelly's year-by-year exports was explained primarily by an increase in exports to Kenya ($272k or 225%), India ($97k or 15.5%), and United States ($94k or 112%). In February 2024, the decrease in Petroleum Jelly's year-by-year imports was explained primarily by a decrease in imports from China ($-283k or -15.3%), Japan ($-125k or -25.6%), and India ($-124k or -86.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$552k(20.3%)

IMPORT GROWTH (February 2023 - February 2024)$-684k(-20.6%)

MAIN DESTINATION (February 2024)China$887k

This section shows Petroleum Jelly'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 Petroleum Jelly over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$34.9M

IMPORTS (2022)$42M

NET TRADE (2022)-$7.12M

In 2022, South Korea exported $34.9M in Petroleum Jelly. The main destinations of South Korea exports on Petroleum Jelly were India ($8.71M), China ($7.13M), Vietnam ($4.87M), United States ($2.52M), and Indonesia ($2.39M).

In 2022, South Korea imported $42M in Petroleum Jelly, mainly from China ($15.6M), Thailand ($6.42M), Japan ($5.23M), United States ($4.22M), and Malaysia ($2.98M).

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