Wood Charcoal in South Korea | The Observatory of Economic Complexity

About

Exports In 2022, South Korea exported $535k in Wood Charcoal, making it the 76th largest exporter of Wood Charcoal in the world. At the same year, Wood Charcoal was the 1034th most exported product in South Korea. The main destination of Wood Charcoal exports from South Korea are: Japan ($223k), Colombia ($77.3k), Malaysia ($57.6k), Fiji ($27.8k), and China ($18.5k).

The fastest growing export markets for Wood Charcoal of South Korea between 2021 and 2022 were Colombia ($45.9k), Fiji ($18.8k), and Czechia ($17.6k).

Imports In 2022, South Korea imported $111M in Wood Charcoal, becoming the 4th largest importer of Wood Charcoal in the world. At the same year, Wood Charcoal was the 491st most imported product in South Korea. South Korea imports Wood Charcoal primarily from: Laos ($30.7M), Vietnam ($29.7M), Indonesia ($28.2M), China ($9.45M), and Nigeria ($6.17M).

The fastest growing import markets in Wood Charcoal for South Korea between 2021 and 2022 were Laos ($12.6M), Indonesia ($7.2M), and Nigeria ($5.73M).

Latest Trends

March 2024

About

Overview In March 2024 South Korea's Wood Charcoal exports accounted up to $20k and imports accounted up to $9.17M, resulting in a negative trade balance of $9.15M. Between March 2023 and March 2024 the exports of South Korea's Wood Charcoal have decreased by $-36k (-64.3%) from $56k to $20k, while imports decreased by $-5.24M (-36.4%) from $14.4M to $9.17M.

Destinations In March 2024, Wood Charcoal were exported mostly to United States ($8k), Singapore ($4k), Chinese Taipei ($4k), Australia ($4k), and Nigeria ($0), and were imported mostly from Laos ($3.62M), Vietnam ($2.08M), Indonesia ($1.74M), China ($561k), and Nigeria ($421k).

Growth In March 2024, the decrease in Wood Charcoal's year-by-year exports was explained primarily by a decrease in exports to Japan ($-37k or -41.1%) and Malaysia ($-4k or -28.6%). In March 2024, the decrease in Wood Charcoal's year-by-year imports was explained primarily by a decrease in imports from Nigeria ($-252k or -43.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-36k(-64.3%)

IMPORT GROWTH (March 2023 - March 2024)$-5.24M(-36.4%)

MAIN DESTINATION (March 2024)United States$8k

This section shows Wood Charcoal'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 Charcoal over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$535k

IMPORTS (2022)$111M

NET TRADE (2022)-$110M

In 2022, South Korea exported $535k in Wood Charcoal. The main destinations of South Korea exports on Wood Charcoal were Japan ($223k), Colombia ($77.3k), Malaysia ($57.6k), Fiji ($27.8k), and China ($18.5k).

In 2022, South Korea imported $111M in Wood Charcoal, mainly from Laos ($30.7M), Vietnam ($29.7M), Indonesia ($28.2M), China ($9.45M), and Nigeria ($6.17M).

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