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2022
Exports $892MWorld Rnk 15 / 207
Flag Rnk 112 / 1204
2022
Destination $44.1M China
2021 - 2022
FASTEST GROWING MARKET $44.1MChina
2022
PRODUCT COMPLEXITY IN Orthopedic Appliances0.98Rnk 180 / 1025
2022
Imports $1.01BWorld Rnk 16 / 221
Flag Rnk 103 / 1213
2022
Origin $68.3M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $68.3MIreland
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $892M in Orthopedic Appliances, making it the 15th largest exporter of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 112th most exported product in South Korea. The main destination of Orthopedic Appliances exports from South Korea are: China ($288M), Russia ($85.1M), United States ($60.7M), Japan ($49.4M), and Turkey ($40.2M).

The fastest growing export markets for Orthopedic Appliances of South Korea between 2021 and 2022 were China ($44.1M), Turkey ($10.9M), and Vietnam ($8.31M).

Imports In 2022, South Korea imported $1.01B in Orthopedic Appliances, becoming the 16th largest importer of Orthopedic Appliances in the world. At the same year, Orthopedic Appliances was the 103rd most imported product in South Korea. South Korea imports Orthopedic Appliances primarily from: Ireland ($197M), United States ($191M), Belgium ($122M), Switzerland ($93.2M), and Netherlands ($83M).

The fastest growing import markets in Orthopedic Appliances for South Korea between 2021 and 2022 were Ireland ($68.3M), Denmark ($14M), and Netherlands ($13.6M).

COMPANIES In 2023, leading companies such as General Motors (10) were at the forefront of shipping Orthopedic Appliances from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Orthopedic Appliances exports accounted up to $87.4M and imports accounted up to $65.9M, resulting in a positive trade balance of $21.5M. Between July 2023 and July 2024 the exports of South Korea's   Orthopedic Appliances have increased by $5.06M (6.15%) from $82.3M to $87.4M, while imports decreased by $-7.82M (-10.6%) from $73.7M to $65.9M.

Destinations In July 2024, Orthopedic Appliances were exported mostly to China ($30.3M), Russia ($8.59M), United States ($8.54M), Netherlands ($5.47M), and Japan ($4.17M), and were imported mostly from United States ($16.7M), Ireland ($8.71M), China ($5.02M), Mexico ($4.83M), and Germany ($4.7M).

Growth In July 2024, the increase in Orthopedic Appliances's year-by-year exports was explained primarily by an increase in exports to Hungary ($3.95M or 5.06k%), India ($1.95M or 285%), and Russia ($1.3M or 44.3%). In July 2024, the decrease in Orthopedic Appliances's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-6.52M or -34.5%), Germany ($-3.22M or -47.7%), and United States ($-2.97M or -13.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$5.06M(6.15%)
IMPORT GROWTH (July 2023 - July 2024)$-7.82M(-10.6%)
MAIN DESTINATION (July 2024)China$30.3M

This section shows Orthopedic Appliances'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 Orthopedic Appliances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$892M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$114M

In 2022, South Korea exported $892M in Orthopedic Appliances. The main destinations of South Korea exports on Orthopedic Appliances were China ($288M), Russia ($85.1M), United States ($60.7M), Japan ($49.4M), and Turkey ($40.2M).

In 2022, South Korea imported $1.01B in Orthopedic Appliances, mainly from Ireland ($197M), United States ($191M), Belgium ($122M), Switzerland ($93.2M), and Netherlands ($83M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Orthopedic Appliances EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
China$44.1M (18%)
Turkey$10.9M (37.3%)
Vietnam$8.31M (67.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Orthopedic Appliances BY South Korea WERE (2021 - 2022):
Japan-$2.67M (-5.12%)
Switzerland-$513k (-22.1%)
Egypt-$474k (-12.8%)
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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 Orthopedic Appliances were:
United States $12.2B
Netherlands $9.21B
Switzerland $7.42B
In 2022, South Korea's main importing competitors in Orthopedic Appliances were:
United States $14.1B
Netherlands $7.77B
Germany $5.39B

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Trade Value of Orthopedic Appliances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $60.5M
TOP IMPORT POTENTIALChina+ $40.6M

Orthopedic Appliances’s highest export potential is China. With an export gap of $60.5M.   Orthopedic Appliances’s highest import potential is China with an import gap of $40.6M.

See methodology.

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