Peat in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $43.7k in Peat, making it the 63rd largest exporter of Peat in the world. At the same year, Peat was the 1146th most exported product in South Korea. The main destination of Peat exports from South Korea are: Japan ($25.6k), Mongolia ($9.79k), Indonesia ($6.26k), India ($1.1k), and Singapore ($498).

The fastest growing export markets for Peat of South Korea between 2021 and 2022 were Mongolia ($9.79k), Indonesia ($6.26k), and Singapore ($498).

Imports In 2022, South Korea imported $20.7M in Peat, becoming the 18th largest importer of Peat in the world. At the same year, Peat was the 826th most imported product in South Korea. South Korea imports Peat primarily from: Latvia ($10.5M), Lithuania ($2.63M), Russia ($2.14M), Estonia ($1.64M), and Canada ($1.33M).

The fastest growing import markets in Peat for South Korea between 2021 and 2022 were Lithuania ($375k), Belgium ($144k), and China ($129k).

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

Latest Trends

February 2024

About

Overview In February 2024 South Korea's Peat exports accounted up to $3k and imports accounted up to $555k, resulting in a negative trade balance of $552k. Between February 2023 and February 2024 the exports of South Korea's Peat have increased by $1k (50%) from $2k to $3k, while imports decreased by $-1.06M (-65.6%) from $1.62M to $555k.

Destinations In February 2024, Peat were exported mostly to Mongolia ($3k), Estonia ($0), Lithuania ($0), Latvia ($0), and Netherlands ($0), and were imported mostly from Latvia ($294k), Netherlands ($92k), Estonia ($73k), Lithuania ($66k), and Poland ($29k).

Growth In February 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to . In February 2024, the decrease in Peat's year-by-year imports was explained primarily by a decrease in imports from Latvia ($-60k or -5.62%), China ($-30k or -100%), and Lithuania ($-30k or -43.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1k(50%)

IMPORT GROWTH (February 2023 - February 2024)$-1.06M(-65.6%)

MAIN DESTINATION (February 2024)Mongolia$3k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$43.7k

IMPORTS (2022)$20.7M

NET TRADE (2022)-$20.6M

In 2022, South Korea exported $43.7k in Peat. The main destinations of South Korea exports on Peat were Japan ($25.6k), Mongolia ($9.79k), Indonesia ($6.26k), India ($1.1k), and Singapore ($498).

In 2022, South Korea imported $20.7M in Peat, mainly from Latvia ($10.5M), Lithuania ($2.63M), Russia ($2.14M), Estonia ($1.64M), and Canada ($1.33M).

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