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2022
Exports $378MWorld Rnk 5 / 142
Flag Rnk 189 / 1204
2022
Destination $12.8M India
2021 - 2022
FASTEST GROWING MARKET $12.8MIndia
2022
PRODUCT COMPLEXITY IN Cellulose0.73Rnk 265 / 1025
2022
Imports $184MWorld Rnk 13 / 205
Flag Rnk 386 / 1213
2022
Origin $5.44M United States
2021 - 2022
FASTEST GROWING ORIGIN $5.44MJapan
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $378M in Cellulose, making it the 5th largest exporter of Cellulose in the world. At the same year, Cellulose was the 189th most exported product in South Korea. The main destination of Cellulose exports from South Korea are: India ($83.5M), United States ($42.3M), China ($36.1M), Slovenia ($15.1M), and Japan ($14M).

The fastest growing export markets for Cellulose of South Korea between 2021 and 2022 were India ($12.8M), Slovenia ($6.49M), and United States ($4.77M).

Imports In 2022, South Korea imported $184M in Cellulose, becoming the 13th largest importer of Cellulose in the world. At the same year, Cellulose was the 386th most imported product in South Korea. South Korea imports Cellulose primarily from: United States ($87.6M), China ($27.1M), Japan ($24.4M), Germany ($12.2M), and Netherlands ($8.62M).

The fastest growing import markets in Cellulose for South Korea between 2021 and 2022 were Japan ($5.44M), Germany ($3.17M), and Netherlands ($3.02M).

COMPANIES In 2023, leading companies such as LG Electronics (57), Samsung (15), and CJ Foods (4) were at the forefront of shipping Cellulose from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Cellulose exports accounted up to $29.4M and imports accounted up to $14.8M, resulting in a positive trade balance of $14.7M. Between September 2023 and September 2024 the exports of South Korea's   Cellulose have increased by $1.15M (4.08%) from $28.3M to $29.4M, while imports decreased by $-3.4M (-18.7%) from $18.2M to $14.8M.

Destinations In September 2024, Cellulose were exported mostly to India ($6.31M), United States ($4.12M), China ($2.65M), Spain ($2.35M), and Germany ($1.39M), and were imported mostly from United States ($7.04M), Japan ($2.23M), China ($1.66M), Netherlands ($1.41M), and Germany ($894k).

Growth In September 2024, the increase in Cellulose's year-by-year exports was explained primarily by an increase in exports to India ($2.17M or 35.4%), United States ($1.65M or 50.9%), and Belgium ($1.14M or 1.18k%). In September 2024, the decrease in Cellulose's year-by-year imports was explained primarily by a decrease in imports from Germany ($-898k or -72.3%), Israel ($-130k or -100%), and Chinese Taipei ($-108k or -19%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$1.15M(4.08%)
IMPORT GROWTH (September 2023 - September 2024)$-3.4M(-18.7%)
MAIN DESTINATION (September 2024)India$6.31M

This section shows Cellulose'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 Cellulose over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$378M
IMPORTS (2022)$184M
NET TRADE (2022)$194M

In 2022, South Korea exported $378M in Cellulose. The main destinations of South Korea exports on Cellulose were India ($83.5M), United States ($42.3M), China ($36.1M), Slovenia ($15.1M), and Japan ($14M).

In 2022, South Korea imported $184M in Cellulose, mainly from United States ($87.6M), China ($27.1M), Japan ($24.4M), Germany ($12.2M), and Netherlands ($8.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cellulose EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
India$12.8M (18.1%)
Slovenia$6.49M (75.1%)
United States$4.77M (12.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cellulose BY South Korea WERE (2021 - 2022):
Germany-$5.51M (-29.1%)
Turkey-$2.04M (-13.4%)
Spain-$1.91M (-23.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Cellulose were:
United States $1.48B
Germany $1.28B
China $1.27B
In 2022, South Korea's main importing competitors in Cellulose were:
India $590M
United States $566M
China $537M

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Trade Value of Cellulose by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $18.4M
TOP IMPORT POTENTIALChina+ $14.3M

Cellulose’s highest export potential is China. With an export gap of $18.4M.   Cellulose’s highest import potential is China with an import gap of $14.3M.

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