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2022
Exports $66.8MWorld Rnk 14 / 171
Flag Rnk 438 / 1204
2022
Destination $5.71M Russia
2021 - 2022
FASTEST GROWING MARKET $5.71MAlgeria
2022
PRODUCT COMPLEXITY IN Glands and Other Organs0.73Rnk 264 / 1025
2022
Imports $127MWorld Rnk 14 / 198
Flag Rnk 459 / 1213
2022
Origin $21.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $21.6MUnited States
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $66.8M in Glands and Other Organs, making it the 14th largest exporter of Glands and Other Organs in the world. At the same year, Glands and Other Organs was the 438th most exported product in South Korea. The main destination of Glands and Other Organs exports from South Korea are: Russia ($14.8M), China ($12.9M), Algeria ($10.2M), Egypt ($9.05M), and Japan ($4.01M).

The fastest growing export markets for Glands and Other Organs of South Korea between 2021 and 2022 were Algeria ($5.71M), China ($4.55M), and Russia ($2.34M).

Imports In 2022, South Korea imported $127M in Glands and Other Organs, becoming the 14th largest importer of Glands and Other Organs in the world. At the same year, Glands and Other Organs was the 459th most imported product in South Korea. South Korea imports Glands and Other Organs primarily from: United States ($79.4M), China ($26.7M), Italy ($6.01M), Japan ($2.88M), and Germany ($2.75M).

The fastest growing import markets in Glands and Other Organs for South Korea between 2021 and 2022 were United States ($21.6M), China ($5.25M), and United Kingdom ($1.33M).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Glands and Other Organs exports accounted up to $7.43M and imports accounted up to $7.09M, resulting in a positive trade balance of $338k. Between September 2023 and September 2024 the exports of South Korea's   Glands and Other Organs have increased by $2.85M (62.2%) from $4.58M to $7.43M, while imports decreased by $-1.54M (-17.9%) from $8.63M to $7.09M.

Destinations In September 2024, Glands and Other Organs were exported mostly to Russia ($6.42M), United States ($174k), Canada ($107k), Thailand ($93k), and Vietnam ($93k), and were imported mostly from United States ($4.69M), Italy ($986k), China ($655k), Germany ($531k), and Albania ($82k).

Growth In September 2024, the increase in Glands and Other Organs's year-by-year exports was explained primarily by an increase in exports to Thailand ($178k or 494%), United States ($156k or 60%), and Russia ($141k or 64.1%). In September 2024, the decrease in Glands and Other Organs's year-by-year imports was explained primarily by a decrease in imports from Japan ($-296k or -39.5%), Australia ($-37k or -90.2%), and Hong Kong ($-25k or -67.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$2.85M(62.2%)
IMPORT GROWTH (September 2023 - September 2024)$-1.54M(-17.9%)
MAIN DESTINATION (September 2024)Russia$6.42M

This section shows Glands and Other Organs'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 Glands and Other Organs over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$66.8M
IMPORTS (2022)$127M
NET TRADE (2022)-$60M

In 2022, South Korea exported $66.8M in Glands and Other Organs. The main destinations of South Korea exports on Glands and Other Organs were Russia ($14.8M), China ($12.9M), Algeria ($10.2M), Egypt ($9.05M), and Japan ($4.01M).

In 2022, South Korea imported $127M in Glands and Other Organs, mainly from United States ($79.4M), China ($26.7M), Italy ($6.01M), Japan ($2.88M), and Germany ($2.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glands and Other Organs EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Algeria$5.71M (126%)
China$4.55M (54.5%)
Russia$2.34M (18.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glands and Other Organs BY South Korea WERE (2021 - 2022):
Belarus-$948k (-100%)
Malaysia-$460k (-32.3%)
Italy-$375k (-97%)
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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 Glands and Other Organs were:
China $1.29B
United States $831M
France $756M
In 2022, South Korea's main importing competitors in Glands and Other Organs were:
France $1.11B
Singapore $672M
United States $451M

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Trade Value of Glands and Other Organs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.61M
TOP IMPORT POTENTIALChina+ $10.8M

Glands and Other Organs’s highest export potential is China. With an export gap of $4.61M.   Glands and Other Organs’s highest import potential is China with an import gap of $10.8M.

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