Export of Soybean Oil from South Korea
Soybean Oil is categorized under HS code 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, and the data is presented accordingly.
Export overview
As of 2023, South Korea ranked #37 in global exports of Soybean Oil. South Korea accounts for approximately 0.16% of the total global export value of Soybean Oil, with an export value of 4,331,007 USD.
The top countries importing Soybean Oil from South Korea include World, Russia, Japan, China, Indonesia.
Export trend
South Korea's export value of Soybean Oil has increased by 45.35% over the past 5 years, rising from 2,979,799 USD in 2019 to 4,331,007 USD in 2023.
The export data for South Korea Soybean Oil is sourced from UN Comtrade and official Customs databases of various countries. The data is categorized under the Harmonized System (HS) code 150790 - Vegetable oils; soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modified, which covers a specific classification for Soybean Oil and related products in international trade.
It's important to note that the HS code classification may not always perfectly match the definition of Soybean Oil in certain markets, as HS codes often encompass a broader range of similar products.
Export transactions from 2024
Transactions in this market
112
Exporters
13
Importers
16
Major exporters of South Korea Soybean Oil in 2024
DONGNAM PETROLEUM IND
South Korea
YOUNGONE
South Korea
R&G
South Korea
ARENA BIZ
South Korea
GENESIS BBQ GLOBAL
South Korea
Major importers of South Korea Soybean Oil in 2024
OTTOGI VIETNAM
Vietnam
CJ FOODS VIETNAM HIEP PHUOC BRANCH
Vietnam
KARNAPHULI SHOES INDUSTRIES
Bangladesh
OTTOGI VIETNAM BAC NINH BRANCH
Vietnam
BBQ VIETNAM
Vietnam
Historical export price trends
The export price of Soybean Oil from South Korea has experienced a downward trend over the past 2 years. In 2023, the price fluctuated between 0.33 USD per kg and 4.80 USD per kg, but in 2024, it decreased to a range of 0.25 USD per kg to 4.80 USD per kg.
The export transaction data for South Korea Soybean Oil 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 Soybean Oil
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Markets for products used to produce or made with Soybean Oil
Browse South Korea's markets featuring products closely linked to Soybean Oil, either as inputs or end products.
Soybean Oil markets in other countries
Explore key Soybean Oil markets across other countries.
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