The volume of essential oils exported by South Korea in 2020 was 34 tons. In 2019 South Korea shipped 27 tonnes of essential oils. Across 2019 alone, the market for South Korea essential oils (processed category) has surged, changing by 50 % compared to the year 2018. Between 2017 and 2019, essential oils' exports grew by 22.73 percent earning the country US$2.16m for the year 2019. South Korea's essential oils exports are classified as:
In 2019, South Korea supplied essential oils worth 2.16m USD, an increment of 13.62% from 2018's total essential oils export of 1.901m USD. The yearly increase in value of South Korea essential oils between 2017 to 2018 was 284.04 per cent.
The annual change in the volume of South Korea's essential oils exports between 2017 and 2019 was 22.73 percent in comparison to a variation of 50% in the period between 2018 and 2019.
South Korea's stake of the world's total essential oils' exports in 2019 was 5.9 per cent. South Korea is ranked number 4 in world exports of essential oils.
South Korea's leading export markets for essential oils are China, US, Singapore, Vietnam and United Kingdom (UK).
South Korea is a net exporter of essential oils. The annual growth of South Korea essential oils in value between 2015 to 2019 was 1%, per annum, while annual growth in quantity was 9%, per annum.
South Korea procured 320 tonnes of essential oils in 2019.