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2023
Exports $57.6MWorld Rnk 29 / 168
Flag Rnk 428 / 1188
2023
Destination $1.92M United States
2022 - 2023
FASTEST GROWING MARKET $1.92MBrazil
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $88.1MWorld Rnk 30 / 220
Flag Rnk 501 / 1208
2023
Origin $11.2M China
2022 - 2023
FASTEST GROWING ORIGIN $11.2MPortugal
2023
ECONOMIC COMPLEXITY of South Korea1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $57.6M in Unpackaged Medicaments, making it the 29th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 428th most exported product in South Korea. The main destination of Unpackaged Medicaments exports from South Korea are: United States ($26.8M), Japan ($12.2M), India ($3.07M), Brazil ($2.66M), and Pakistan ($2.17M).

The fastest growing export markets for Unpackaged Medicaments of South Korea between 2022 and 2023 were Brazil ($1.92M), Belgium ($1.33M), and Nigeria ($693k).

Imports In 2023, South Korea imported $88.1M in Unpackaged Medicaments, becoming the 30th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 501st most imported product in South Korea. South Korea imports Unpackaged Medicaments primarily from: China ($37.6M), Portugal ($11.5M), Germany ($6.16M), Spain ($5.78M), and Canada ($4.4M).

The fastest growing import markets in Unpackaged Medicaments for South Korea between 2022 and 2023 were Portugal ($11.2M), Japan ($1.99M), and Australia ($1.18M).

Latest Trends

February 2025

About

Overview In February 2025 South Korea's Unpackaged Medicaments exports accounted up to $8.63M and imports accounted up to $15M, resulting in a negative trade balance of $6.35M. Between February 2024 and February 2025 the exports of South Korea's   Unpackaged Medicaments have decreased by $-4.14M (-32.4%) from $12.8M to $8.63M, while imports increased by $5.29M (54.6%) from $9.69M to $15M.

Destinations In February 2025, Unpackaged Medicaments were exported mostly to United States ($4.43M), Japan ($968k), United Kingdom ($767k), United Arab Emirates ($741k), and India ($530k), and were imported mostly from China ($6.46M), United States ($4.09M), Canada ($979k), India ($877k), and Norway ($821k).

Growth In February 2025, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to India ($-1.23M or -100%), Jordan ($-293k or -41.7%), and Thailand ($-95k or -88%). In February 2025, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany ($1.1M or 1.21k%), India ($412k or 99%), and Switzerland ($26k or 15.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2024 - February 2025)$-4.14M(-32.4%)
IMPORT GROWTH (February 2024 - February 2025)$5.29M(54.6%)
MAIN DESTINATION (February 2025)United States$4.43M

This section shows Unpackaged Medicaments'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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$57.6M
IMPORTS (2023)$88.1M
NET TRADE (2023)-$30.6M

In 2023, South Korea exported $57.6M in Unpackaged Medicaments. The main destinations of South Korea exports on Unpackaged Medicaments were United States ($26.8M), Japan ($12.2M), India ($3.07M), Brazil ($2.66M), and Pakistan ($2.17M).

In 2023, South Korea imported $88.1M in Unpackaged Medicaments, mainly from China ($37.6M), Portugal ($11.5M), Germany ($6.16M), Spain ($5.78M), and Canada ($4.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Brazil$1.92M (259%)
Belgium$1.33M (1.37M%)
Nigeria$693k (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY South Korea WERE (2022 - 2023):
Egypt-$3.97M (-99.8%)
India-$2.53M (-45.2%)
Jordan-$2.4M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, South Korea's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B
Canada $1.87B

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.21M
TOP IMPORT POTENTIALChina+ $6.91M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $4.21M.   Unpackaged Medicaments’s highest import potential is China with an import gap of $6.91M.

See methodology.

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