Overview In March 2023 South Korea's Optical, photo, & film equipment; medical instruments exports accounted up to $1.47B and imports accounted up to $1.95B, resulting in a negative trade balance of $475M. Between March 2022 and March 2023 the exports of South Korea's Optical, photo, & film equipment; medical instruments have decreased by $-298M (-16.8%) from $1.77B to $1.47B, while imports decreased by $-20.8M (-1.06%) from $1.97B to $1.95B.
Destinations In March 2023, Optical, photo, & film equipment; medical instruments were exported mostly to China ($468M), United States ($159M), Vietnam ($127M), Japan ($79.2M), and India ($51.5M), and were imported mostly from United States ($401M), China ($323M), Japan ($301M), Germany ($198M), and Israel ($115M).
Growth In March 2023, the decrease in Optical, photo, & film equipment; medical instruments's year-by-year exports was explained primarily by a decrease in exports to China ($-299M or -32.3%), Vietnam ($-106M or -45.8%), and Czechia ($-3.73M or -30.6%). In March 2023, the decrease in Optical, photo, & film equipment; medical instruments's year-by-year imports was explained primarily by a decrease in imports from United States ($-118M or -26.8%), Singapore ($-85.9M or -52%), and Japan ($-74.5M or -20.1%).