HS Icon Optical, photo, & film equipment; medical instruments in  Flag South Korea

2021
Exports | Imports
: $24B | $37B, World Rnk 8 / 226
Flag Rnk 7 / 96 | World Rnk 4 / 226
Flag Rnk 4 / 96

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $712M | $2.15B, China |  Netherlands

2021
ECONOMIC COMPLEXITY of South Korea
: 1.82, Rnk 4 / 131

2021
PRODUCT COMPLEXITY IN Optical, photo, & film equipment; medical instruments
: 2.15, Rnk 3 / 1029

Exports In 2021, South Korea exported $24B in Optical, photo, & film equipment; medical instruments, making it the 8th largest exporter of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 7th most exported product in South Korea. The main destination of Optical, photo, & film equipment; medical instruments exports from South Korea are: China ($11.9B), Vietnam ($2.46B), United States ($1.92B), Japan ($825M), and Chinese Taipei ($661M).

The fastest growing export markets for Optical, photo, & film equipment; medical instruments of South Korea between 2020 and 2021 were China ($712M), United States ($297M), and Chinese Taipei ($180M).

Imports In 2021, South Korea imported $37B in Optical, photo, & film equipment; medical instruments, becoming the 4th largest importer of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 4th most imported product in South Korea. South Korea imports Optical, photo, & film equipment; medical instruments primarily from: United States ($8.74B), Japan ($7.87B), Netherlands ($6.22B), China ($3.99B), and Singapore ($2.66B).

The fastest growing import markets in Optical, photo, & film equipment; medical instruments for South Korea between 2020 and 2021 were Netherlands ($2.15B), Japan ($1.84B), and United States ($1.77B).

Tariffs In 2018, the average tariff for South Korea in Optical, photo, & film equipment; medical instruments was 4.38%. The countries with the highest import tariffs for Optical, photo, & film equipment; medical instruments were Botswana (Most Favoured Nation duty rate treatment, 7%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 7%), Cameroon (Most Favoured Nation duty rate treatment, 7%), Republic of the Congo (Most Favoured Nation duty rate treatment, 7%), and Cape Verde (Most Favoured Nation duty rate treatment, 7%).

March 2023

Subnational Monthly Trade

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EXPORT GROWTH (March 2022 - March 2023): $-298M, (-16.8%)

IMPORT GROWTH (March 2022 - March 2023): $-20.8M, (-1.06%)

MAIN DESTINATION (March 2023): China, $468M

This section shows Optical, photo, & film equipment; medical instruments'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 Optical, photo, & film equipment; medical instruments over time.

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Historical Data

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EXPORTS (2021): $24B

IMPORTS (2021): $37B

NET TRADE (2021): -$13B

In 2021, South Korea exported $24B in Optical, photo, & film equipment; medical instruments. The main destinations of South Korea exports on Optical, photo, & film equipment; medical instruments were China ($11.9B), Vietnam ($2.46B), United States ($1.92B), Japan ($825M), and Chinese Taipei ($661M).

In 2021, South Korea imported $37B in Optical, photo, & film equipment; medical instruments, mainly from United States ($8.74B), Japan ($7.87B), Netherlands ($6.22B), China ($3.99B), and Singapore ($2.66B).

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THE FASTEST GROWING Optical, photo, & film equipment; medical instruments EXPORT MARKETS FOR South Korea WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Optical, photo, & film equipment; medical instruments BY South Korea WERE (2020 - 2021):

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Market Concentration

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In 2021, South Korea's main exporting competitors in Optical, photo, & film equipment; medical instruments were:

In 2021, South Korea's main importing competitors in Optical, photo, & film equipment; medical instruments were:

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