# Republic of Korea Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/kor/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Republic of Korea has a median reported export price of $1.4K/t across 184 markets. Across the reported period, the highest observed price is $1.8M/t in Bolivia; the lowest is $37.0/t in Mozambique.

## Summary

- Price spread: 128,341.3%
- Total trade value: $212.0B
- Average quantity: 367,276 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| Australia | 2023 | $730.4/t | -59.3% | -13.8% | +59.3% | $30.4B | 5 | Below |
| Japan | 2023 | $823.8/t | -55.1% | -9% | +53.3% | $19.4B | 5 | Below |
| USA, Puerto Rico and US Virgin Islands | 2023 | $892.2/t | +6% | -14.1% | -26.2% | $20.7B | 5 | Mid |
| Singapore | 2023 | $754.9/t | +30.1% | -16.9% | +52.6% | $20.4B | 5 | Above |
| Viet Nam | 2023 | $808.0/t | -22.6% | -17.7% | +36.6% | $12.2B | 5 | Mid |
| Philippines | 2023 | $796.4/t | -71.2% | -16.4% | +50.9% | $11.9B | 5 | Below |
| China | 2023 | $731.9/t | -32.4% | -16.1% | +27.9% | $23.0B | 5 | Below |
| Malaysia | 2023 | $832.6/t | -29.1% | -9% | +66.7% | $10.0B | 5 | Below |
| New Zealand | 2023 | $724.3/t | -78.2% | -17.9% | +61.6% | $6.3B | 5 | Below |
| Netherlands | 2023 | $1.1K/t | -12.5% | -21% | +112.2% | $4.8B | 5 | Mid |
| France | 2023 | $1.4K/t | +13.7% | -10.3% | +140.4% | $3.3B | 5 | Mid |
| China, Hong Kong Special Administrative Region | 2023 | $719.7/t | -49.6% | -12.6% | +54.7% | $4.9B | 5 | Below |
| Togo | 2023 | $1.1K/t | -18.5% | -24.1% | +121% | $6.2B | 5 | Mid |
| Indonesia | 2023 | $798.2/t | -59.1% | -15.4% | +50.1% | $4.9B | 5 | Below |
| India | 2023 | $957.5/t | +0% | -3.2% | +44.4% | $3.7B | 5 | Mid |
| Bolivia | 2023 | $2.1K/t | -0% | +11.2% | -99.8% | $867.9K | 4 | Mid |
| Mozambique | 2023 | $1.2K/t | +3.9% | -46.4% | +20.4% | $4.4M | 5 | Mid |

## Price history

- Australia: 2017 $458.3/t, 2019 $511.2/t, 2020 $369.3/t, 2022 $847.6/t, 2023 $730.4/t
- Japan: 2017 $537.3/t, 2019 $622.0/t, 2020 $443.0/t, 2022 $905.1/t, 2023 $823.8/t
- USA, Puerto Rico and US Virgin Islands: 2017 $1.2K/t, 2019 $877.0/t, 2020 $378.5/t, 2022 $1.0K/t, 2023 $892.2/t
- Singapore: 2017 $494.6/t, 2019 $567.5/t, 2020 $403.0/t, 2022 $908.2/t, 2023 $754.9/t
- Viet Nam: 2017 $591.6/t, 2019 $610.8/t, 2020 $391.2/t, 2022 $981.3/t, 2023 $808.0/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $556.6/t | Not reported | $33.1B | 156 |
| 2019 | $641.0/t | +15.2% | $38.8B | 166 |
| 2020 | $436.8/t | -31.9% | $23.2B | 172 |
| 2022 | $970.3/t | +122.1% | $62.4B | 161 |
| 2023 | $830.7/t | -14.4% | $54.6B | 170 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 184 importer markets; 825 reported market-year observations.

## FAQ

### What does Republic of Korea price positioning show for HS 271000?

It compares Republic of Korea's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "KOR",
  "hs_code": "271000",
  "summary": {
    "num_markets": 184,
    "highest_price_importer_iso3": "BOL",
    "highest_price_usd_per_ton": 1796745.7627118644,
    "lowest_price_importer_iso3": "MOZ",
    "lowest_price_usd_per_ton": 36.97629869441362,
    "median_price_across_markets": 1399.9455493412288,
    "price_spread_pct": 128341.33350819576,
    "avg_quantity_metric_tons": 367275.92106787884,
    "total_trade_value_usd": 212015332202
  },
  "marketRows": [
    {
      "year": 2023,
      "exporter_iso3": "KOR",
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      "trade_value_usd": 10838045129,
      "market_median_price_usd_per_ton": 1793.3333333333335,
      "price_vs_median_pct": -59.27364061740772,
      "price_position": "Budget"
    },
    {
      "year": 2023,
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      "importer_iso3": "MYS",
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    },
    {
      "importer_iso3": "TGO",
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    },
    {
      "importer_iso3": "IDN",
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      "period_change_pct": 50.0893071390774,
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    },
    {
      "importer_iso3": "IND",
      "latest_year": 2023,
      "latest_unit_value_usd_per_ton": 957.464793544233,
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    },
    {
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