Sign In
Pricing

2022
Exports $934MWorld Rnk 33 / 217
Flag Rnk 107 / 1204
2022
Destination $24.5M Japan
2021 - 2022
FASTEST GROWING MARKET $24.5MVietnam
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $4.88BWorld Rnk 18 / 224
Flag Rnk 15 / 1213
2022
Origin $530M United States
2021 - 2022
FASTEST GROWING ORIGIN $530MItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $934M in Packaged Medicaments, making it the 33rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 107th most exported product in South Korea. The main destination of Packaged Medicaments exports from South Korea are: Japan ($148M), Vietnam ($125M), China ($63.6M), Thailand ($44.9M), and Philippines ($41.7M).

The fastest growing export markets for Packaged Medicaments of South Korea between 2021 and 2022 were Vietnam ($24.5M), Poland ($19.4M), and United Arab Emirates ($11.9M).

Imports In 2022, South Korea imported $4.88B in Packaged Medicaments, becoming the 18th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 15th most imported product in South Korea. South Korea imports Packaged Medicaments primarily from: United States ($976M), Germany ($790M), Italy ($681M), Switzerland ($420M), and Ireland ($316M).

The fastest growing import markets in Packaged Medicaments for South Korea between 2021 and 2022 were Italy ($530M), United States ($178M), and Switzerland ($81.9M).

COMPANIES In 2023, leading companies such as Samsung (4) and General Motors (1) were at the forefront of shipping Packaged Medicaments from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Packaged Medicaments exports accounted up to $65.6M and imports accounted up to $431M, resulting in a negative trade balance of $365M. Between September 2023 and September 2024 the exports of South Korea's   Packaged Medicaments have decreased by $-5.75M (-8.05%) from $71.3M to $65.6M, while imports increased by $43.4M (11.2%) from $388M to $431M.

Destinations In September 2024, Packaged Medicaments were exported mostly to Vietnam ($12.3M), Japan ($8.55M), Mexico ($3.99M), Philippines ($3.53M), and Hong Kong ($2.97M), and were imported mostly from Denmark ($62.3M), Germany ($58.8M), France ($36.8M), Italy ($31.5M), and United States ($29.2M).

Growth In September 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.55M or -21.9%), Vietnam ($-2.3M or -38.9%), and Canada ($-1.34M or -99.7%). In September 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United States ($109M or 175%), Ireland ($13.3M or 54.3%), and Netherlands ($8.83M or 467%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-5.75M(-8.05%)
IMPORT GROWTH (September 2023 - September 2024)$43.4M(11.2%)
MAIN DESTINATION (September 2024)Vietnam$12.3M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$934M
IMPORTS (2022)$4.88B
NET TRADE (2022)-$3.95B

In 2022, South Korea exported $934M in Packaged Medicaments. The main destinations of South Korea exports on Packaged Medicaments were Japan ($148M), Vietnam ($125M), China ($63.6M), Thailand ($44.9M), and Philippines ($41.7M).

In 2022, South Korea imported $4.88B in Packaged Medicaments, mainly from United States ($976M), Germany ($790M), Italy ($681M), Switzerland ($420M), and Ireland ($316M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$24.5M (24.3%)
Poland$19.4M (1.89k%)
United Arab Emirates$11.9M (99.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY South Korea WERE (2021 - 2022):
China-$38.5M (-37.7%)
Brazil-$17M (-38.1%)
Austria-$9.36M (-99.6%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, South Korea's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $87.3M
TOP IMPORT POTENTIALGermany+ $192M

Packaged Medicaments’s highest export potential is China. With an export gap of $87.3M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $192M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms