2022
Exports
$7.36MWorld Rnk 23 / 163
Flag Rnk 775 / 1204
2022
PRODUCT COMPLEXITY IN Laboratory Glassware
0.58Rnk 327 / 1025
2022
Imports
$52.8MWorld Rnk 7 / 212
Flag Rnk 656 / 1213
2022
ECONOMIC COMPLEXITY of South Korea
1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $7.36M in Laboratory Glassware, making it the 23rd largest exporter of Laboratory Glassware in the world. At the same year, Laboratory Glassware was the 775th most exported product in South Korea. The main destination of Laboratory Glassware exports from South Korea are: United States ($2.05M), Japan ($1.44M), China ($1.16M), Chinese Taipei ($752k), and France ($678k).

The fastest growing export markets for Laboratory Glassware of South Korea between 2021 and 2022 were United States ($1.14M), France ($312k), and China ($290k).

Imports In 2022, South Korea imported $52.8M in Laboratory Glassware, becoming the 7th largest importer of Laboratory Glassware in the world. At the same year, Laboratory Glassware was the 656th most imported product in South Korea. South Korea imports Laboratory Glassware primarily from: Japan ($17.9M), United States ($10.6M), Germany ($6.33M), China ($5.47M), and Singapore ($2.64M).

The fastest growing import markets in Laboratory Glassware for South Korea between 2021 and 2022 were Singapore ($1.08M), Netherlands ($479k), and China ($424k).

COMPANIES In 2023, leading companies such as Samsung (49), Cloud Network Technology (1), and Nexen Tire (1) were at the forefront of shipping Laboratory Glassware from South Korea to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-167k(-42.6%)
IMPORT GROWTH (September 2023 - September 2024)$1.86M(58%)
MAIN DESTINATION (September 2024)China$70k

This section shows Laboratory Glassware'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 Laboratory Glassware over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.36M
IMPORTS (2022)$52.8M
NET TRADE (2022)-$45.4M

In 2022, South Korea exported $7.36M in Laboratory Glassware. The main destinations of South Korea exports on Laboratory Glassware were United States ($2.05M), Japan ($1.44M), China ($1.16M), Chinese Taipei ($752k), and France ($678k).

In 2022, South Korea imported $52.8M in Laboratory Glassware, mainly from Japan ($17.9M), United States ($10.6M), Germany ($6.33M), China ($5.47M), and Singapore ($2.64M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Glassware EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United States$1.14M (125%)
France$312k (85%)
China$290k (33.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Glassware BY South Korea WERE (2021 - 2022):
Japan-$1.17M (-44.8%)
Hong Kong-$172k (-87.3%)
United Arab Emirates-$99k (-35.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Laboratory Glassware by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $724k
TOP IMPORT POTENTIALChina+ $2.21M

Laboratory Glassware’s highest export potential is China. With an export gap of $724k.   Laboratory Glassware’s highest import potential is China with an import gap of $2.21M.

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