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2022
Exports $118MWorld Rnk 17 / 177
Flag Rnk 354 / 1204
2022
Destination $3.59M United States
2021 - 2022
FASTEST GROWING MARKET $3.59MCambodia
2022
PRODUCT COMPLEXITY IN Bandages0.96Rnk 187 / 1025
2022
Imports $279MWorld Rnk 9 / 221
Flag Rnk 290 / 1213
2022
Origin $8.42M China
2021 - 2022
FASTEST GROWING ORIGIN $8.42MFinland
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $118M in Bandages, making it the 17th largest exporter of Bandages in the world. At the same year, Bandages was the 354th most exported product in South Korea. The main destination of Bandages exports from South Korea are: United States ($24.6M), China ($16.8M), Singapore ($5.45M), Algeria ($5.26M), and Japan ($5.17M).

The fastest growing export markets for Bandages of South Korea between 2021 and 2022 were Cambodia ($3.59M), China ($2.83M), and Singapore ($2.06M).

Imports In 2022, South Korea imported $279M in Bandages, becoming the 9th largest importer of Bandages in the world. At the same year, Bandages was the 290th most imported product in South Korea. South Korea imports Bandages primarily from: China ($191M), United States ($18.6M), Japan ($14.7M), Finland ($10.7M), and Malaysia ($8.28M).

The fastest growing import markets in Bandages for South Korea between 2021 and 2022 were Finland ($8.42M), Dominican Republic ($4.04M), and Australia ($801k).

COMPANIES In 2023, leading companies such as Samsung (5) were at the forefront of shipping Bandages from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Bandages exports accounted up to $18.4M and imports accounted up to $12.7M, resulting in a positive trade balance of $5.76M. Between October 2023 and October 2024 the exports of South Korea's   Bandages have increased by $8.47M (85%) from $9.97M to $18.4M, while imports decreased by $-90k (-0.7%) from $12.8M to $12.7M.

Destinations In October 2024, Bandages were exported mostly to United States ($7.93M), China ($2.03M), Germany ($1.09M), Thailand ($726k), and Russia ($508k), and were imported mostly from China ($4.86M), Japan ($1.95M), United States ($1.58M), Germany ($838k), and United Kingdom ($832k).

Growth In October 2024, the increase in Bandages's year-by-year exports was explained primarily by an increase in exports to Vietnam ($344k or 328%), Egypt ($287k or 442%), and Turkey ($207k or 174%). In October 2024, the decrease in Bandages's year-by-year imports was explained primarily by a decrease in imports from China ($-18.1M or -75.6%), Finland ($-1.26M or -58.4%), and Italy ($-774k or -84.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$8.47M(85%)
IMPORT GROWTH (October 2023 - October 2024)$-90k(-0.7%)
MAIN DESTINATION (October 2024)United States$7.93M

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$118M
IMPORTS (2022)$279M
NET TRADE (2022)-$161M

In 2022, South Korea exported $118M in Bandages. The main destinations of South Korea exports on Bandages were United States ($24.6M), China ($16.8M), Singapore ($5.45M), Algeria ($5.26M), and Japan ($5.17M).

In 2022, South Korea imported $279M in Bandages, mainly from China ($191M), United States ($18.6M), Japan ($14.7M), Finland ($10.7M), and Malaysia ($8.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Cambodia$3.59M (477%)
China$2.83M (20.3%)
Singapore$2.06M (61%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY South Korea WERE (2021 - 2022):
United States-$22.7M (-48%)
Germany-$18.3M (-78.6%)
Vietnam-$1.28M (-30.6%)
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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 Bandages were:
China $2.84B
United States $1.04B
Germany $861M
In 2022, South Korea's main importing competitors in Bandages were:
United States $1.7B
Germany $940M
Netherlands $592M

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.62M
TOP IMPORT POTENTIALChina+ $6.98M

Bandages’s highest export potential is United States. With an export gap of $7.62M.   Bandages’s highest import potential is China with an import gap of $6.98M.

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