What is the price of maize (corn) oil per kilogram/pound in South Korea today?
The retail price range for South Korea maize (corn) oil is between US$ 13.33 and US$ 27.65 per kilogram or between US$ 6.05 and US$ 12.54 per pound(lb). Click here to see today's exact prices of maize (corn) oil in South Korea
The retail price range in South Korean won for maize (corn) oil is between KRW 17,773.20 and KRW 36,862.93 per kilogram or between KRW 8,060.41 and KRW 16,717.88 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea maize (corn) oil is between US$ 9.33 and US$ 19.35 per kilogram or between US$ 4.23 and US$ 8.78 per pound(lb).
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South Korea Maize (corn) Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Maize (Corn) Oil from South Korea has seen a steady decline over the last five years. In 2012, the export price was 1.54 US dollars per kg, while in 2017 it had dropped to 1.08 US dollars per kg. In 2018, the price dropped further to 0.96 US dollars per kg, and in 2019 it reached its lowest point of 0.92 US dollars per kg. However, in 2020 the price rose to 1.02 US dollars per kg, and in 2021 it increased further to 1.32 US dollars per kg. The latest data from 2022 shows an export price of 1.84 US dollars per kg. Based on this trend, it is likely that the export price of Maize (Corn) Oil from South Korea will continue to increase in the next two years, with an estimated price of around 2.00 US dollars per kg in 2023 and 2.20 US dollars per kg in 2024.The South Korea maize (corn) oil exports are categorised as:
- Crude maize oil (HS code 151521)
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
South Korea Maize (corn) Oil Import Prices - Historical, Trends and Prediction
The import price per kilogram of Maize (Corn) Oil into South Korea has seen a steady decline over the last five years. In 2012, the price was 1.54 US dollars per kg, and this decreased to 1.45 US dollars per kg in 2013. In 2014, the price dropped further to 1.24 US dollars per kg, and then to 1.16 US dollars per kg in 2015. The price then decreased to 1.11 US dollars per kg in 2016, and further to 1.08 US dollars per kg in 2017. The price then saw a sharp decline to 0.96 US dollars per kg in 2018, and then to 0.92 US dollars per kg in 2019. In 2020, the price increased slightly to 1.02 US dollars per kg, and then to 1.32 US dollars per kg in 2021. The price then saw a sharp increase to 1.84 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Maize (Corn) Oil into South Korea will be 1.76 US dollars per kg in 2023, and 1.68 US dollars per kg in 2024.Export values for South Korea maize (corn) oil
The total values in export for maize (corn) oil in South Korea were US$ 22,963, US$ 29,773, US$ 19,469 and US$ 17,512 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Korea: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of maize (corn) oil in other countries across Asia: Kazakhstan maize (corn) oil, Kyrgyzstan maize (corn) oil, Tajikistan maize (corn) oil, Turkmenistan maize (corn) oil, Uzbekistan maize (corn) oil, China maize (corn) oil, Hong Kong maize (corn) oil, Macao maize (corn) oil, North Korea maize (corn) oil & Mongolia maize (corn) oil.
South Korea maize (corn) oil - Production, Exports, Imports, Seasons and HS Codes
The volume of maize (corn) oil exported by South Korea in 2020 was 15,943 tonnes. In 2019 South Korea sold 19,017 tonnes of maize (corn) oil. In 2019 alone, the demand for South Korea maize (corn) oil (processed category) has decreased, flactuating by -6.509 per cent compared to the year 2018. Between 2017 and 2019, maize (corn) oil's exports went down by -31.15 percent earning the exporter US$17.51m for the year 2019. South Korea's maize (corn) oil exports are classified as:
- Maize oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151529)
- Crude maize oil (HS code 151521)
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South Korea maize (corn) oil export values
In 2019, South Korea supplied maize (corn) oil costing 17.51m USD, a decrease of -10.06% from 2018's total maize (corn) oil export of 19.469m USD. The annual change in value of South Korea maize (corn) oil between 2017 to 2018 was -34.609%.
The annual/yearly variation in the volume of South Korea's maize (corn) oil exports between 2017 and 2019 was -31.15 per cent compared to a variation of -6.509% in the period between 2018 and 2019.
South Korea's portion of the world's total maize (corn) oil's exports in 2019 was less than 1%. The country holds number 40 in world exports of maize (corn) oil.
Export markets for South Korea maize (corn) oil ( in '000$ )
South Korea's leading destinations for maize (corn) oil are Malaysia, United Arab Emirates (UAE), Oman, Qatar and Hong Kong.
Import/Export Trends
South Korea is a net importer of maize (corn) oil. The annual growth of South Korea maize (corn) oil in value between 2015 to 2019 was 62%, per year, while annual growth in quantity during the same period was %, per annum.
South Korea brought in 6,353 tonnes of maize (corn) oil in 2019.