Export of Shortening from South Korea
Shortening is categorized under HS code 151800 - Animal or vegetable fats and oils and their fractions; oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils, and the data is presented accordingly.
Export overview
As of 2023, South Korea ranked #26 in global exports of Shortening. South Korea accounts for approximately 0.45% of the total global export value of Shortening, with an export value of 36,885,544 USD.
The top countries importing Shortening from South Korea include World, Netherlands, Japan, Hong Kong, Thailand.
Export trend
South Korea's export value of Shortening has increased by 392.5% over the past 5 years, rising from 7,489,508 USD in 2019 to 36,885,544 USD in 2023.
The export data for South Korea Shortening is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 151800 - Animal or vegetable fats and oils and their fractions; oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils, which covers a specific classification for Shortening and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Shortening in certain markets, as HS codes often encompass a broader range of similar products.
Export transactions from 2024
Transactions in this market
132
Exporters
2
Importers
3
Major exporters of South Korea Shortening in 2024
KIA INDIA
South Korea
SAMYANG
South Korea
Major importers of South Korea Shortening in 2024
ADM JIZZAKH
Uzbekistan
ORION VINA FOOD
Vietnam
ORION FOOD VINA
Vietnam
Historical export price trends
The export price of Shortening from South Korea has fluctuated over the past 2 years. In 2023, the price varied between 0.56 USD per kg and 2.29 USD per kg. In 2024, the prices continued to fluctuate, ranging from 1.72 USD per kg to 1.98 USD per kg.
The export transaction data for South Korea Shortening is sourced from Bill of Lading (B/L) documents and customs reports. Tridge ensures data accuracy through human oversight and AI, handling missing values, outliers, and standardizing currencies and units. Note that price trends may vary based on country, product variety, or timeframe.
Related markets for South Korea Shortening
Markets for products in the Oils & Fats category
Discover a wide range of markets in South Korea for products within the Oils & Fats category.
Markets for products used to produce or made with Shortening
Browse South Korea's markets featuring products closely linked to Shortening, either as inputs or end products.
Shortening markets in other countries
Explore key Shortening markets across other countries.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.