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

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Exports In 2022, South Korea exported $18.9B in Optical, photo, & film equipment; medical instruments, making it the 11th largest exporter of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 9th most exported product in South Korea. The main destination of Optical, photo, & film equipment; medical instruments exports from South Korea are: China ($7.33B), United States ($1.89B), Vietnam ($1.52B), Chinese Taipei ($1.03B), and Japan ($752M).

The fastest growing export markets for Optical, photo, & film equipment; medical instruments of South Korea between 2021 and 2022 were Chinese Taipei ($370M), India ($115M), and Mexico ($74M).

Imports In 2022, South Korea imported $20.4B in Optical, photo, & film equipment; medical instruments, becoming the 9th largest importer of Optical, photo, & film equipment; medical instruments in the world. At the same year, Optical, photo, & film equipment; medical instruments was the 6th most imported product in South Korea. South Korea imports Optical, photo, & film equipment; medical instruments primarily from: United States ($4.17B), China ($3.72B), Japan ($3.41B), Germany ($1.57B), and Singapore ($966M).

The fastest growing import markets in Optical, photo, & film equipment; medical instruments for South Korea between 2021 and 2022 were Mexico ($90.2M), Malaysia ($54.1M), and Ireland ($48M).

COMPANIES In 2023, leading companies such as LG Electronics (1.7k), Volvo (201), and Fuyao Glass (56) were at the forefront of shipping Optical, photo, & film equipment; medical instruments from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Optical, photo, & film equipment; medical instruments exports accounted up to $1.47B and imports accounted up to $2.05B, resulting in a negative trade balance of $577M. Between September 2023 and September 2024 the exports of South Korea's Optical, photo, & film equipment; medical instruments have decreased by $-45.3M (-2.99%) from $1.52B to $1.47B, while imports increased by $337M (19.7%) from $1.71B to $2.05B.

Destinations In September 2024, Optical, photo, & film equipment; medical instruments were exported mostly to China ($498M), United States ($192M), Vietnam ($88.3M), Japan ($70.9M), and Netherlands ($60.3M), and were imported mostly from United States ($388M), Japan ($342M), China ($324M), Germany ($223M), and Chinese Taipei ($120M).

Growth In September 2024, the decrease in Optical, photo, & film equipment; medical instruments's year-by-year exports was explained primarily by a decrease in exports to China ($-167M or -26.7%), Vietnam ($-34.7M or -27.6%), and United States ($-28.3M or -18.6%). In September 2024, the increase in Optical, photo, & film equipment; medical instruments's year-by-year imports was explained primarily by an increase in imports from United States ($164M or 51.1%), Israel ($65.9M or 63.8%), and Czechia ($31.5M or 221%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-45.3M(-2.99%)

IMPORT GROWTH (September 2023 - September 2024)$337M(19.7%)

MAIN DESTINATION (September 2024)China$498M

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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