South Korea olive oil export quantities

The quantity of olive oil exported by South Korea in 2020 was 112 tonnes. In 2019 South Korea shipped 170 tonnes of olive oil. For the year 2019 alone, the market for South Korea olive oil (processed category) has increased, changing by 3.03 % compared to the year 2018. Between 2017 and 2019, olive oil's exports decreased by -53.42% bringing the country US$0.88m for the year 2019. South Korea's olive oil exports are categorised as:

  • Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
  • Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
  • Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)

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South Korea olive oil export values

In 2019, South Korea exported olive oil valued at 0.88m USD, an improvement of 12.68% from 2018's total olive oil export of 0.781m USD. The yearly increase in value of South Korea olive oil between 2017 to 2018 was -39.363%.

The yearly change in the volume of South Korea's olive oil exports between 2017 and 2019 was -53.42 percent when compared to a variation of 3.03% in the growth rate between 2018 and 2019.

South Korea's stake of the world's total olive oil's exports in 2019 was less than 1%. South Korea is ranked position 16 in world exports of olive oil.

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Export markets for South Korea olive oil ( in '000$ )

South Korea's best performing destinations for olive oil are Italy, the Philippines, US, Kazakhstan and Indonesia.

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Import/Export Trends

South Korea is a net importer of olive oil. The annual growth of South Korea olive oil in value between 2015 to 2019 was 17%, per year, while annual growth in quantity was 11%, per annum.

South Korea bought 19,335 tonnes of olive oil in 2019.