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2022
Exports $19.9MWorld Rnk 20 / 147
Flag Rnk 649 / 1204
2022
Destination $1.54M China
2021 - 2022
FASTEST GROWING MARKET $1.54MChinese Taipei
2022
PRODUCT COMPLEXITY IN Microscopes0.99Rnk 175 / 1025
2022
Imports $84.3MWorld Rnk 6 / 208
Flag Rnk 549 / 1213
2022
Origin $1.85M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.85MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $19.9M in Microscopes, making it the 20th largest exporter of Microscopes in the world. At the same year, Microscopes was the 649th most exported product in South Korea. The main destination of Microscopes exports from South Korea are: China ($6.61M), Vietnam ($2.9M), Chinese Taipei ($1.96M), United States ($1.21M), and Japan ($1.09M).

The fastest growing export markets for Microscopes of South Korea between 2021 and 2022 were Chinese Taipei ($1.54M), Hong Kong ($849k), and United States ($654k).

Imports In 2022, South Korea imported $84.3M in Microscopes, becoming the 6th largest importer of Microscopes in the world. At the same year, Microscopes was the 549th most imported product in South Korea. South Korea imports Microscopes primarily from: Germany ($34.7M), Japan ($20.4M), China ($9.72M), United States ($6.34M), and Singapore ($5.02M).

The fastest growing import markets in Microscopes for South Korea between 2021 and 2022 were Germany ($1.85M), China ($923k), and Singapore ($899k).

Latest Trends

September 2024

About

Overview In September 2024 South Korea's Microscopes exports accounted up to $1.49M and imports accounted up to $9.26M, resulting in a negative trade balance of $7.77M. Between September 2023 and September 2024 the exports of South Korea's   Microscopes have decreased by $-6k (-0.4%) from $1.5M to $1.49M, while imports increased by $818k (9.69%) from $8.44M to $9.26M.

Destinations In September 2024, Microscopes were exported mostly to Japan ($421k), Kazakhstan ($340k), Germany ($310k), Vietnam ($185k), and China ($65k), and were imported mostly from Germany ($3.47M), Japan ($2.42M), United States ($1.19M), China ($838k), and Netherlands ($543k).

Growth In September 2024, the decrease in Microscopes's year-by-year exports was explained primarily by a decrease in exports to Germany ($-471k or -87.7%), China ($-263k or -74.1%), and Singapore ($-174k or -98.3%). In September 2024, the increase in Microscopes's year-by-year imports was explained primarily by an increase in imports from Japan ($859k or 51.9%), United States ($184k or 74.5%), and China ($181k or 13.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-6k(-0.4%)
IMPORT GROWTH (September 2023 - September 2024)$818k(9.69%)
MAIN DESTINATION (September 2024)Japan$421k

This section shows Microscopes'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 Microscopes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.9M
IMPORTS (2022)$84.3M
NET TRADE (2022)-$64.4M

In 2022, South Korea exported $19.9M in Microscopes. The main destinations of South Korea exports on Microscopes were China ($6.61M), Vietnam ($2.9M), Chinese Taipei ($1.96M), United States ($1.21M), and Japan ($1.09M).

In 2022, South Korea imported $84.3M in Microscopes, mainly from Germany ($34.7M), Japan ($20.4M), China ($9.72M), United States ($6.34M), and Singapore ($5.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Microscopes EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Chinese Taipei$1.54M (362%)
Hong Kong$849k (371%)
United States$654k (118%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Microscopes BY South Korea WERE (2021 - 2022):
Germany-$2.37M (-73.7%)
Netherlands-$2.3M (-98.1%)
Vietnam-$722k (-20%)
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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 Microscopes were:
Germany $1.15B
China $479M
Japan $414M
In 2022, South Korea's main importing competitors in Microscopes were:
United States $631M
China $477M
Germany $362M

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Trade Value of Microscopes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.87M
TOP IMPORT POTENTIALChina+ $5.63M

Microscopes’s highest export potential is China. With an export gap of $2.87M.   Microscopes’s highest import potential is China with an import gap of $5.63M.

See methodology.

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