2023
Exports
$93.8MWorld Rnk 18 / 175
Flag Rnk 342 / 1188
2023
PRODUCT COMPLEXITY IN Bandages
0.86Rnk 224 / 1025
2023
Imports
$148MWorld Rnk 15 / 221
Flag Rnk 382 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $93.8M in Bandages, making it the 18th largest exporter of Bandages in the world. At the same year, Bandages was the 342nd most exported product in South Korea. The main destination of Bandages exports from South Korea are: Germany ($16.6M), United States ($15.1M), China ($10.6M), Singapore ($5.58M), and United Kingdom ($4.48M).

The fastest growing export markets for Bandages of South Korea between 2022 and 2023 were Germany ($11.7M), United Kingdom ($2.14M), and Thailand ($922k).

Imports In 2023, South Korea imported $148M in Bandages, becoming the 15th largest importer of Bandages in the world. At the same year, Bandages was the 382nd most imported product in South Korea. South Korea imports Bandages primarily from: China ($54.1M), Malaysia ($20.3M), United States ($19.2M), Singapore ($16.5M), and Japan ($7.92M).

The fastest growing import markets in Bandages for South Korea between 2022 and 2023 were Malaysia ($19.4M), Singapore ($14.8M), and Australia ($4.28M).

COMPANIES In 2024, leading companies such as General Motors (5) and LG Electronics (1) were at the forefront of shipping Bandages from South Korea to the United States.

Latest Trends

January 2025

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$10.5M(95.3%)
IMPORT GROWTH (January 2024 - January 2025)$-412k(-3.19%)
MAIN DESTINATION (January 2025)United States$14.3M

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$93.8M
IMPORTS (2023)$148M
NET TRADE (2023)-$54.3M

In 2023, South Korea exported $93.8M in Bandages. The main destinations of South Korea exports on Bandages were Germany ($16.6M), United States ($15.1M), China ($10.6M), Singapore ($5.58M), and United Kingdom ($4.48M).

In 2023, South Korea imported $148M in Bandages, mainly from China ($54.1M), Malaysia ($20.3M), United States ($19.2M), Singapore ($16.5M), and Japan ($7.92M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Germany$11.7M (238%)
United Kingdom$2.14M (91.3%)
Thailand$922k (34.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY South Korea WERE (2022 - 2023):
United States-$10.2M (-40.4%)
Algeria-$5.26M (-100%)
Cambodia-$3.34M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Bandages were:
In 2023, South Korea's main importing competitors in Bandages were:

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.62M
TOP IMPORT POTENTIALChina+ $6.98M

Bandages’s highest export potential is United States. With an export gap of $7.62M.   Bandages’s highest import potential is China with an import gap of $6.98M.

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