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2022
Exports $204MWorld Rnk 11 / 123
Flag Rnk 274 / 1204
2022
Destination $10.6M Italy
2021 - 2022
FASTEST GROWING MARKET $10.6MItaly
2022
PRODUCT COMPLEXITY IN Antibiotics0.93Rnk 198 / 1025
2022
Imports $232MWorld Rnk 13 / 197
Flag Rnk 323 / 1213
2022
Origin $18M China
2021 - 2022
FASTEST GROWING ORIGIN $18MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $204M in Antibiotics, making it the 11th largest exporter of Antibiotics in the world. At the same year, Antibiotics was the 274th most exported product in South Korea. The main destination of Antibiotics exports from South Korea are: Italy ($70.7M), Japan ($29.8M), China ($28.8M), India ($16.4M), and Indonesia ($8.14M).

The fastest growing export markets for Antibiotics of South Korea between 2021 and 2022 were Italy ($10.6M), Turkey ($3.12M), and India ($2.81M).

Imports In 2022, South Korea imported $232M in Antibiotics, becoming the 13th largest importer of Antibiotics in the world. At the same year, Antibiotics was the 323rd most imported product in South Korea. South Korea imports Antibiotics primarily from: China ($140M), Italy ($28.3M), India ($28M), Japan ($13.6M), and Spain ($4.37M).

The fastest growing import markets in Antibiotics for South Korea between 2021 and 2022 were China ($18M), India ($11.1M), and Italy ($8.33M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Antibiotics exports accounted up to $8.76M and imports accounted up to $17.9M, resulting in a negative trade balance of $9.18M. Between September 2023 and September 2024 the exports of South Korea's   Antibiotics have decreased by $-5.35M (-37.9%) from $14.1M to $8.76M, while imports increased by $160k (0.9%) from $17.8M to $17.9M.

Destinations In September 2024, Antibiotics were exported mostly to Italy ($3.83M), Japan ($2.43M), Portugal ($543k), Bangladesh ($450k), and India ($184k), and were imported mostly from China ($8.32M), India ($4.83M), Japan ($1.5M), Chinese Taipei ($1.01M), and Italy ($730k).

Growth In September 2024, the decrease in Antibiotics's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.57M or -41.3%), China ($-1.36M or -96.6%), and Brazil ($-499k or -100%). In September 2024, the increase in Antibiotics's year-by-year imports was explained primarily by an increase in imports from India ($1.35M or 82.3%), Denmark ($497k or 5.52k%), and Italy ($238k or 7.03%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-5.35M(-37.9%)
IMPORT GROWTH (September 2023 - September 2024)$160k(0.9%)
MAIN DESTINATION (September 2024)Italy$3.83M

This section shows Antibiotics's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Antibiotics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$204M
IMPORTS (2022)$232M
NET TRADE (2022)-$28M

In 2022, South Korea exported $204M in Antibiotics. The main destinations of South Korea exports on Antibiotics were Italy ($70.7M), Japan ($29.8M), China ($28.8M), India ($16.4M), and Indonesia ($8.14M).

In 2022, South Korea imported $232M in Antibiotics, mainly from China ($140M), Italy ($28.3M), India ($28M), Japan ($13.6M), and Spain ($4.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Antibiotics EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Italy$10.6M (17.6%)
Turkey$3.12M (81.5%)
India$2.81M (20.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Antibiotics BY South Korea WERE (2021 - 2022):
Japan-$13.4M (-31%)
Brazil-$6M (-69.2%)
Russia-$3.63M (-52.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Antibiotics were:
China $4.51B
India $923M
Italy $778M
In 2022, South Korea's main importing competitors in Antibiotics were:
India $1.46B
Italy $988M
United States $565M

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Trade Value of Antibiotics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $9.85M
TOP IMPORT POTENTIALChina+ $27.1M

Antibiotics’s highest export potential is India. With an export gap of $9.85M.   Antibiotics’s highest import potential is China with an import gap of $27.1M.

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