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2022
Exports $625MWorld Rnk 7 / 134
Flag Rnk 142 / 1204
2022
Destination $338M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $338MChinese Taipei
2022
PRODUCT COMPLEXITY IN Photo Lab Equipment2.12Rnk 3 / 1025
2022
Imports $113MWorld Rnk 6 / 203
Flag Rnk 482 / 1213
2022
Origin $286k Japan
2021 - 2022
FASTEST GROWING ORIGIN $286kPoland
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $625M in Photo Lab Equipment, making it the 7th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 142nd most exported product in South Korea. The main destination of Photo Lab Equipment exports from South Korea are: Chinese Taipei ($559M), China ($44.8M), Philippines ($7.68M), Vietnam ($5.39M), and Japan ($2.1M).

The fastest growing export markets for Photo Lab Equipment of South Korea between 2021 and 2022 were Chinese Taipei ($338M), Philippines ($4.08M), and Bangladesh ($61.7k).

Imports In 2022, South Korea imported $113M in Photo Lab Equipment, becoming the 6th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 482nd most imported product in South Korea. South Korea imports Photo Lab Equipment primarily from: Japan ($61.3M), Chinese Taipei ($40.9M), China ($6.03M), Vietnam ($1.3M), and Poland ($792k).

The fastest growing import markets in Photo Lab Equipment for South Korea between 2021 and 2022 were Poland ($286k), Canada ($94.5k), and Denmark ($46.3k).

COMPANIES In 2023, leading companies such as General Motors (5), Jushi Fiberglass (3), and Samsung (1) were at the forefront of shipping Photo Lab Equipment from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Photo Lab Equipment exports accounted up to $220k and imports accounted up to $3.04M, resulting in a negative trade balance of $2.82M. Between September 2023 and September 2024 the exports of South Korea's   Photo Lab Equipment have decreased by $-4.52M (-95.4%) from $4.74M to $220k, while imports decreased by $-3.97M (-56.6%) from $7.01M to $3.04M.

Destinations In September 2024, Photo Lab Equipment were exported mostly to Japan ($85k), United States ($40k), Vietnam ($35k), Indonesia ($21k), and Canada ($12k), and were imported mostly from Japan ($1.67M), United States ($859k), China ($181k), Canada ($159k), and Germany ($59k).

Growth In September 2024, the decrease in Photo Lab Equipment's year-by-year exports was explained primarily by a decrease in exports to China ($-5.17M or -96.5%), Japan ($-89k or -84%), and Germany ($-27k or -100%). In September 2024, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Japan ($-2.49M or -34.5%), China ($-483k or -76.1%), and Germany ($-55k or -80.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-4.52M(-95.4%)
IMPORT GROWTH (September 2023 - September 2024)$-3.97M(-56.6%)
MAIN DESTINATION (September 2024)Japan$85k

This section shows Photo Lab Equipment'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 Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$625M
IMPORTS (2022)$113M
NET TRADE (2022)$512M

In 2022, South Korea exported $625M in Photo Lab Equipment. The main destinations of South Korea exports on Photo Lab Equipment were Chinese Taipei ($559M), China ($44.8M), Philippines ($7.68M), Vietnam ($5.39M), and Japan ($2.1M).

In 2022, South Korea imported $113M in Photo Lab Equipment, mainly from Japan ($61.3M), Chinese Taipei ($40.9M), China ($6.03M), Vietnam ($1.3M), and Poland ($792k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$338M (152%)
Philippines$4.08M (113%)
Bangladesh$61.7k (61.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY South Korea WERE (2021 - 2022):
China-$2.24B (-98%)
Singapore-$199M (-100%)
United States-$127M (-98.4%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Photo Lab Equipment were:
Netherlands $7.53B
Singapore $2.56B
Chinese Taipei $2.26B
In 2022, South Korea's main importing competitors in Photo Lab Equipment were:
Chinese Taipei $14.6B
China $819M
Singapore $559M

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Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.02M
TOP IMPORT POTENTIALChina+ $3.48M

Photo Lab Equipment’s highest export potential is United States. With an export gap of $1.02M.   Photo Lab Equipment’s highest import potential is China with an import gap of $3.48M.

See methodology.

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