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2022
Exports $76.4MWorld Rnk 23 / 179
Flag Rnk 415 / 1204
2022
Destination $2.7M China
2021 - 2022
FASTEST GROWING MARKET $2.7MRussia
2022
PRODUCT COMPLEXITY IN Dental Products0.11Rnk 518 / 1025
2022
Imports $90.8MWorld Rnk 21 / 222
Flag Rnk 530 / 1213
2022
Origin $1.63M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $1.63MIreland
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $76.4M in Dental Products, making it the 23rd largest exporter of Dental Products in the world. At the same year, Dental Products was the 415th most exported product in South Korea. The main destination of Dental Products exports from South Korea are: China ($23.4M), Japan ($13.2M), Russia ($10M), Vietnam ($6.61M), and Chinese Taipei ($4.26M).

The fastest growing export markets for Dental Products of South Korea between 2021 and 2022 were Russia ($2.7M), Vietnam ($1.06M), and Brazil ($820k).

Imports In 2022, South Korea imported $90.8M in Dental Products, becoming the 21st largest importer of Dental Products in the world. At the same year, Dental Products was the 530th most imported product in South Korea. South Korea imports Dental Products primarily from: Thailand ($32.9M), United States ($23.2M), China ($13.7M), Ireland ($8.17M), and New Zealand ($3.16M).

The fastest growing import markets in Dental Products for South Korea between 2021 and 2022 were Ireland ($1.63M), China ($1.1M), and Thailand ($530k).

COMPANIES In 2023, leading companies such as LG Electronics (2) were at the forefront of shipping Dental Products from South Korea to the United States.

Latest Trends

November 2024

About

Overview In November 2024 South Korea's Dental Products exports accounted up to $6.6M and imports accounted up to $11.2M, resulting in a negative trade balance of $4.55M. Between November 2023 and November 2024 the exports of South Korea's   Dental Products have decreased by $-1.46M (-18.1%) from $8.06M to $6.6M, while imports increased by $1.1M (11%) from $10M to $11.2M.

Destinations In November 2024, Dental Products were exported mostly to China ($1.76M), Russia ($796k), United States ($663k), United Kingdom ($585k), and Chinese Taipei ($524k), and were imported mostly from Thailand ($4.1M), China ($3.26M), United States ($1.73M), Ireland ($666k), and Germany ($424k).

Growth In November 2024, the decrease in Dental Products's year-by-year exports was explained primarily by a decrease in exports to China ($-298k or -16.8%), Vietnam ($-224k or -39%), and Cambodia ($-141k or -88.7%). In November 2024, the increase in Dental Products's year-by-year imports was explained primarily by an increase in imports from Malaysia ($335k or 85.5%), New Zealand ($317k or 211%), and Italy ($145k or 264%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-1.46M(-18.1%)
IMPORT GROWTH (November 2023 - November 2024)$1.1M(11%)
MAIN DESTINATION (November 2024)China$1.76M

This section shows Dental Products'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 Dental Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$76.4M
IMPORTS (2022)$90.8M
NET TRADE (2022)-$14.5M

In 2022, South Korea exported $76.4M in Dental Products. The main destinations of South Korea exports on Dental Products were China ($23.4M), Japan ($13.2M), Russia ($10M), Vietnam ($6.61M), and Chinese Taipei ($4.26M).

In 2022, South Korea imported $90.8M in Dental Products, mainly from Thailand ($32.9M), United States ($23.2M), China ($13.7M), Ireland ($8.17M), and New Zealand ($3.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Dental Products EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Russia$2.7M (36.9%)
Vietnam$1.06M (19.2%)
Brazil$820k (10.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Dental Products BY South Korea WERE (2021 - 2022):
China-$11.2M (-32.3%)
Indonesia-$1.65M (-78%)
Hong Kong-$970k (-56.4%)
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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 Dental Products were:
Germany $648M
China $569M
United States $551M
In 2022, South Korea's main importing competitors in Dental Products were:
United States $411M
Germany $400M
United Kingdom $291M

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Trade Value of Dental Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.49M
TOP IMPORT POTENTIALChina+ $7.86M

Dental Products’s highest export potential is United States. With an export gap of $2.49M.   Dental Products’s highest import potential is China with an import gap of $7.86M.

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