The amount of natural lac shipped by South Korea in 2020 was 25 tons. In 2019 South Korea shipped 24 tonnes of natural lac. For the year 2019 alone, the market for South Korea natural lac (agro commodities category) has surged, flactuating by 300 percent compared to the year 2018. Between 2017 and 2019, natural lac's exports increased by 380 percent bringing South Korea US$0.15m for the year 2019. South Korea's natural lac exports are classified as:
In 2019, South Korea supplied natural lac worth 0.15m USD, an improvement of 145.90% from 2018's total natural lac export of 0.061m USD. The annual change in value of South Korea natural lac between 2017 to 2018 was 15.094 pc.
The annual change in the volume of South Korea's natural lac exports between 2017 and 2019 was 380 pc compared to a variation of 300% in the period between 2018 and 2019.
South Korea's portion of the world's total natural lac's exports in 2019 was less than 1%. The country holds number 18 in world exports of natural lac.
South Korea is a net exporter of natural lac. The annual growth of South Korea natural lac in value between 2015 to 2019 was 12%, per year, while annual growth in quantity during the same period was 7%, per annum.
South Korea imported 249 tonnes of natural lac in 2019.