2022
Exports
$77.7MWorld Rnk 24 / 183
Flag Rnk 414 / 1204
2022
PRODUCT COMPLEXITY IN Therapeutic Appliances
0.48Rnk 372 / 1025
2022
Imports
$599MWorld Rnk 8 / 221
Flag Rnk 167 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $77.7M in Therapeutic Appliances, making it the 24th largest exporter of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 414th most exported product in South Korea. The main destination of Therapeutic Appliances exports from South Korea are: United States ($10M), Japan ($6.29M), Poland ($5.67M), Vietnam ($5.39M), and Russia ($4.72M).

The fastest growing export markets for Therapeutic Appliances of South Korea between 2021 and 2022 were Poland ($5.1M), Spain ($1.18M), and Nepal ($854k).

Imports In 2022, South Korea imported $599M in Therapeutic Appliances, becoming the 8th largest importer of Therapeutic Appliances in the world. At the same year, Therapeutic Appliances was the 167th most imported product in South Korea. South Korea imports Therapeutic Appliances primarily from: China ($473M), United States ($19.2M), Japan ($17.7M), Australia ($16.2M), and New Zealand ($14.3M).

The fastest growing import markets in Therapeutic Appliances for South Korea between 2021 and 2022 were Japan ($7.98M), Netherlands ($6.18M), and Ireland ($4.18M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$1.68M(27.1%)
IMPORT GROWTH (July 2023 - July 2024)$4.98M(13%)
MAIN DESTINATION (July 2024)United States$1.41M

This section shows Therapeutic Appliances'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 Therapeutic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$77.7M
IMPORTS (2022)$599M
NET TRADE (2022)-$521M

In 2022, South Korea exported $77.7M in Therapeutic Appliances. The main destinations of South Korea exports on Therapeutic Appliances were United States ($10M), Japan ($6.29M), Poland ($5.67M), Vietnam ($5.39M), and Russia ($4.72M).

In 2022, South Korea imported $599M in Therapeutic Appliances, mainly from China ($473M), United States ($19.2M), Japan ($17.7M), Australia ($16.2M), and New Zealand ($14.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Therapeutic Appliances EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Poland$5.1M (891%)
Spain$1.18M (61.5%)
Nepal$854k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Therapeutic Appliances BY South Korea WERE (2021 - 2022):
India-$12.4M (-81.7%)
Ethiopia-$8.13M (-100%)
Chile-$7.58M (-97%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Therapeutic Appliances were:
In 2022, South Korea's main importing competitors in Therapeutic Appliances were:

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Trade Value of Therapeutic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.3M
TOP IMPORT POTENTIALChina+ $12.4M

Therapeutic Appliances’s highest export potential is United States. With an export gap of $11.3M.   Therapeutic Appliances’s highest import potential is China with an import gap of $12.4M.

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