What is the price of canola oil per kilogram/pound in South Korea today?
The retail price range for South Korea canola oil is between US$ 3.58 and US$ 4.21 per kilogram or between US$ 1.62 and US$ 1.91 per pound(lb). Click here to see today's exact prices of canola oil in South Korea
The retail price range in South Korean won for canola oil is between KRW 4,767.40 and KRW 5,607.93 per kilogram or between KRW 2,162.09 and KRW 2,543.28 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2025, the approximate wholesale price range for South Korea canola oil is between US$ 2.50 and US$ 2.94 per kilogram or between US$ 1.14 and US$ 1.34 per pound(lb).
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South Korea Canola Oil Export Prices - Historical, Trends and Prediction
The export price per kilogram of Canola Oil from South Korea over the last five years has been quite varied. In 2017, the price was 2.16 US $ per kg, followed by a decrease to 1.52 US $ per kg in 2018. In 2019, the price dropped further to 1.40 US $ per kg, before increasing to 1.70 US $ per kg in 2020. The price then rose to 2.42 US $ per kg in 2021, before reaching its highest point of 3.20 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Canola Oil from South Korea will be 3.45 US $ per kg in 2023 and 3.70 US $ per kg in 2024.The exports of canola oil from South Korea are classified as:
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
South Korea Canola Oil Import Prices - Historical, Trends and Prediction
The import price of Canola Oil into South Korea has seen a fluctuating trend over the last five years. In 2012, the import price per kilogram was 1.48 US dollars. This increased to 2.63 US dollars in 2013, before dropping to 2.22 US dollars in 2014. The price then decreased further to 1.83 US dollars in 2015, before rising to 1.91 US dollars in 2016. The import price then increased to 2.16 US dollars in 2017, before dropping to 1.52 US dollars in 2018. The price then decreased further to 1.40 US dollars in 2019, before rising to 1.70 US dollars in 2020. The import price then increased to 2.42 US dollars in 2021, before rising to 3.20 US dollars in 2022. Based on this trend, it is predicted that the import price of Canola Oil into South Korea will be 3.45 US dollars in 2023 and 3.70 US dollars in 2024.Export values for South Korea canola oil
The total values in export for canola oil in South Korea were US$ 193, US$ 227, US$ 667 and US$ 477 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 canola oil in other countries across Asia: Kazakhstan canola oil, Kyrgyzstan canola oil, Tajikistan canola oil, Turkmenistan canola oil, Uzbekistan canola oil, China canola oil, Hong Kong canola oil, Macao canola oil, North Korea canola oil & Mongolia canola oil.
South Korea canola oil - Production, Exports, Imports, Seasons and HS Codes
The amount of canola oil exported by South Korea in 2020 was 185 tons. In 2019 South Korea exported 341 tonnes of canola oil. Through 2019 alone, the demand for South Korea canola oil (processed category) has decreased, recording a change of -22.323 per cent compared to the year 2018. Between 2017 and 2019, canola oil's exports increased by 224.76 pc netting the nation US$0.48m for the year 2019. South Korea's canola oil exports are classified as:
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%", and mustard oil, and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151499)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%", crude (HS code 151411)
- Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified (excluding crude) (HS code 151490)
- High erucic acid rape or colza oil "fixed oil which has an erucic acid content of >= 2%" and mustard oil, crude (HS code 151491)
- Low erucic acid rape or colza oil "fixed oil which has an erucic acid content of < 2%" and its fractions, whether or not refined, but not chemically modified (excluding crude) (HS code 151419)
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South Korea canola oil export values
In 2019, South Korea supplied canola oil costing 0.48m USD, a drop of -28.04% from 2018's total canola oil export of 0.667m USD. The annual reduction in value of South Korea canola oil between 2017 to 2018 was 193.833 percent.
The per year variation in the volume of South Korea's canola oil exports between 2017 and 2019 was 224.76% in comparison to a variation of -22.323% in the period between 2018 and 2019.
South Korea's share of the world's total canola oil's exports in 2019 was less than 1%. South Korea is ranked number 22 in world exports of canola oil.
Export markets for South Korea canola oil ( in '000$ )
South Korea's leading export markets for canola oil are Australia, Japan, the Philippines, Vietnam and US.
Import/Export Trends
South Korea is a net exporter of canola oil. The annual growth of South Korea canola oil in value between 2015 to 2019 was 8%, per annum, while annual growth in quantity was 12%, per annum.
South Korea imported 155,614 tonnes of canola oil in 2019.