Margarine, etc.: South Korea exports and imports
HS 1517 · 마가린, 동물성ㆍ식물성ㆍ미생물성 지방이나 기름 또는 이 류의 다른 지방이나 기름의 분획물로 만든 식용 혼합물이나 조제품(제1516호의 식용 지방이나 기름 또는 이들의 분획물은 제외한다) · latest month: October 2026
In October 2026, South Korea exported $981,137 of margarine, etc. (HS 1517), up 10.8% from September 2026 and up 33.7% from October 2025.
Over the 12 months to October 2026, exports of margarine, etc. (HS 1517) totalled $9.6 million, up 4.9% from the 12 months before ($9.2 million).
The largest destination over the 12 months to October 2026 was Vietnam ($4.0 million, 41.5% of the total), followed by the United States and Hong Kong.
That was 2.9% of South Korea's exports under HS chapter 15 (animal or vegetable fats and oils) over the same 12 months.
Imports in October 2026 were $15.6 million (up 15.4% from October 2025), leaving a deficit of $14.6 million for the month.
Official description of HS 1517: Margarine; edible mixtures or preparations of animal, vegetable or microbial fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading 15.16.
Last 24 months
Subheadings under HS 1517
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 1517.10 | Margarine, excluding liquid margarine | $390K | 4.1% | +321.2% | $29K |
| 1517.90 | Other | $9.2M | 95.9% | +1.7% | $952K |
| 1517.90.1000 | Imitation lard | $0 | 0.0% | – | $0 |
| 1517.90.2000 | Shortening | $2.5M | 26.9% | -11.0% | $470K |
| 1517.90.9000 | Other | $6.7M | 73.1% | +7.4% | $482K |
Six-digit codes are international; the indented ten-digit codes are South Korea's own subdivision. These rows are world totals; "Share" is the share of the row above.
Top destinations
Export value over the 12 months to October 2026. 40 countries received this product from South Korea in the last 24 months; the table shows the largest 20.
| Rank | Country | Exports, 12 months | Share | vs 12 months before | Rank before | October 2026 |
|---|---|---|---|---|---|---|
| 1 | Vietnam | $4.0M | 41.5% | +1.1% | 1 | $549K |
| 2 | United States | $2.2M | 23.3% | +19.9% | 2 | $123K |
| 3 | Hong Kong | $1.2M | 12.3% | -23.6% | 3 | $77K |
| 4 | Russia | $628K | 6.5% | – | 23 | $154K |
| 5 | China | $322K | 3.4% | +68.9% | 8 | $36K |
| 6 | Colombia | $268K | 2.8% | – | – | $0 |
| 7 | New Zealand | $226K | 2.4% | – | – | $1,375 |
| 8 | Singapore | $207K | 2.2% | -27.6% | 6 | $306 |
| 9 | Malaysia | $178K | 1.9% | +105.7% | 10 | $510 |
| 10 | Philippines | $159K | 1.7% | -5.4% | 9 | $244 |
| 11 | Norway | $39K | 0.4% | – | – | $39K |
| 12 | Taiwan | $32K | 0.3% | – | 17 | $0 |
| 13 | France | $30K | 0.3% | +70.1% | 13 | $0 |
| 14 | Thailand | $29K | 0.3% | +54.9% | 12 | $0 |
| 15 | Myanmar | $27K | 0.3% | – | – | $0 |
| 16 | Mongolia | $24K | 0.2% | +62.4% | 14 | $0 |
| 17 | Germany | $7,500 | 0.1% | -59.7% | 11 | $0 |
| 18 | Northern Mariana Islands | $6,652 | 0.1% | – | – | $0 |
| 19 | India | $6,266 | 0.1% | – | 19 | $0 |
| 20 | Canada | $4,089 | 0.0% | -99.2% | 4 | $0 |
Countries are linked when exports of this product to them reached $5,000,000 over 24 months.
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $981K | +33.7% | 321 t | $3.06 | $15.6M | 4,046 t |
| September 2026 | $885K | -2.2% | 306 t | $2.89 | $13.8M | 3,074 t |
| August 2026 | $918K | +47.3% | 196 t | $4.69 | $10.2M | 2,908 t |
| July 2026 | $777K | -42.9% | 138 t | $5.62 | $15.0M | 3,690 t |
| June 2026 | $468K | +57.2% | 99.3 t | $4.71 | $18.7M | 4,244 t |
| May 2026 | $505K | -13.9% | 88.4 t | $5.71 | $10.8M | 2,810 t |
| April 2026 | $583K | -25.7% | 48.6 t | $11.98 | $14.6M | 3,579 t |
| March 2026 | $706K | +10.7% | 191 t | $3.70 | $13.7M | 2,972 t |
| February 2026 | $713K | -7.4% | 74.0 t | $9.62 | $12.8M | 2,871 t |
| January 2026 | $570K | +12.3% | 176 t | $3.25 | $13.4M | 3,176 t |
| December 2025 | $725K | -31.2% | 175 t | $4.14 | $15.8M | 3,576 t |
| November 2025 | $1.8M | +97.7% | 218 t | $8.18 | $13.1M | 3,471 t |
| October 2025 | $734K | -42.5% | 214 t | $3.43 | $13.5M | 3,393 t |
| September 2025 | $905K | -25.5% | 263 t | $3.43 | $15.9M | 3,707 t |
| August 2025 | $623K | -25.2% | 170 t | $3.67 | $12.3M | 3,393 t |
| July 2025 | $1.4M | +51.8% | 148 t | $9.22 | $13.2M | 3,176 t |
| June 2025 | $297K | -72.3% | 52.1 t | $5.71 | $12.9M | 3,529 t |
| May 2025 | $586K | -45.0% | 62.6 t | $9.37 | $9.7M | 2,444 t |
| April 2025 | $784K | +15.8% | 137 t | $5.71 | $13.8M | 3,666 t |
| March 2025 | $638K | -31.4% | 75.1 t | $8.50 | $11.4M | 2,835 t |
| February 2025 | $769K | +9.9% | 137 t | $5.64 | $12.1M | 2,764 t |
| January 2025 | $508K | -62.6% | 135 t | $3.76 | $9.4M | 2,598 t |
| December 2024 | $1.1M | -18.6% | 187 t | $5.63 | $10.1M | 3,159 t |
| November 2024 | $901K | -46.5% | 244 t | $3.69 | $9.7M | 2,723 t |
Exports FOB, imports CIF, US dollars. Weight is net weight. "vs year earlier" compares export value with the same month one year before and is left blank when that month was under $10,000. Source: Korea Customs Service, via data.go.kr.