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2022
Exports $67.1MWorld Rnk 27 / 157
Flag Rnk 437 / 1204
2022
Destination $11.4M United States
2021 - 2022
FASTEST GROWING MARKET $11.4MUnited States
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.61Rnk 312 / 1025
2022
Imports $98.8MWorld Rnk 28 / 215
Flag Rnk 514 / 1213
2022
Origin $4.61M China
2021 - 2022
FASTEST GROWING ORIGIN $4.61MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $67.1M in Unpackaged Medicaments, making it the 27th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 437th most exported product in South Korea. The main destination of Unpackaged Medicaments exports from South Korea are: United States ($16.4M), Japan ($12.8M), India ($4.53M), Egypt ($3.98M), and Canada ($3.92M).

The fastest growing export markets for Unpackaged Medicaments of South Korea between 2021 and 2022 were United States ($11.4M), Japan ($3.24M), and Jordan ($2.33M).

Imports In 2022, South Korea imported $98.8M in Unpackaged Medicaments, becoming the 28th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 514th most imported product in South Korea. South Korea imports Unpackaged Medicaments primarily from: China ($36.1M), Norway ($9.87M), Germany ($7.07M), Spain ($6.1M), and Japan ($4.95M).

The fastest growing import markets in Unpackaged Medicaments for South Korea between 2021 and 2022 were China ($4.61M), Slovenia ($2.17M), and Spain ($2.16M).

COMPANIES In 2023, leading companies such as LG Electronics (1) were at the forefront of shipping Unpackaged Medicaments from South Korea to the United States.

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Unpackaged Medicaments exports accounted up to $8.83M and imports accounted up to $6.57M, resulting in a positive trade balance of $2.26M. Between September 2023 and September 2024 the exports of South Korea's   Unpackaged Medicaments have decreased by $-737k (-7.71%) from $9.56M to $8.83M, while imports decreased by $-2.53M (-27.8%) from $9.1M to $6.57M.

Destinations In September 2024, Unpackaged Medicaments were exported mostly to United States ($4.27M), Japan ($1.05M), United Kingdom ($1.03M), Egypt ($551k), and China ($529k), and were imported mostly from China ($4.04M), India ($836k), Norway ($821k), Italy ($331k), and Canada ($197k).

Growth In September 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Japan ($-1.02M or -81.9%), India ($-413k or -25.2%), and Turkey ($-166k or -89.7%). In September 2024, the decrease in Unpackaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-1.34M or -93.7%), Vietnam ($-28k or -100%), and Bangladesh ($-26k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-737k(-7.71%)
IMPORT GROWTH (September 2023 - September 2024)$-2.53M(-27.8%)
MAIN DESTINATION (September 2024)United States$4.27M

This section shows Unpackaged 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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$67.1M
IMPORTS (2022)$98.8M
NET TRADE (2022)-$31.8M

In 2022, South Korea exported $67.1M in Unpackaged Medicaments. The main destinations of South Korea exports on Unpackaged Medicaments were United States ($16.4M), Japan ($12.8M), India ($4.53M), Egypt ($3.98M), and Canada ($3.92M).

In 2022, South Korea imported $98.8M in Unpackaged Medicaments, mainly from China ($36.1M), Norway ($9.87M), Germany ($7.07M), Spain ($6.1M), and Japan ($4.95M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$11.4M (225%)
Japan$3.24M (34.1%)
Jordan$2.33M (3.16k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY South Korea WERE (2021 - 2022):
India-$3.77M (-45.4%)
Chinese Taipei-$3.76M (-86.4%)
Colombia-$1.31M (-99.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Unpackaged Medicaments were:
United States $1.31B
Israel $1.25B
China $1.05B
In 2022, South Korea's main importing competitors in Unpackaged Medicaments were:
United States $1.37B
United Kingdom $1.35B
Germany $971M

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.21M
TOP IMPORT POTENTIALChina+ $6.91M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $4.21M.   Unpackaged Medicaments’s highest import potential is China with an import gap of $6.91M.

See methodology.

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