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2022
Exports $989MWorld Rnk 8 / 189
Flag Rnk 102 / 1204
2022
Destination $28.7M United States
2021 - 2022
FASTEST GROWING MARKET $28.7MHungary
2022
PRODUCT COMPLEXITY IN X-Ray Equipment1.41Rnk 68 / 1025
2022
Imports $543MWorld Rnk 10 / 218
Flag Rnk 178 / 1213
2022
Origin $19.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $19.6MGermany
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $989M in X-Ray Equipment, making it the 8th largest exporter of X-Ray Equipment in the world. At the same year, X-Ray Equipment was the 102nd most exported product in South Korea. The main destination of X-Ray Equipment exports from South Korea are: United States ($197M), China ($108M), Russia ($75.2M), Japan ($52.5M), and Germany ($48.9M).

The fastest growing export markets for X-Ray Equipment of South Korea between 2021 and 2022 were Hungary ($28.7M), Russia ($18.9M), and Tanzania ($15.7M).

Imports In 2022, South Korea imported $543M in X-Ray Equipment, becoming the 10th largest importer of X-Ray Equipment in the world. At the same year, X-Ray Equipment was the 178th most imported product in South Korea. South Korea imports X-Ray Equipment primarily from: Germany ($131M), Japan ($118M), China ($91.8M), United States ($90.9M), and Netherlands ($21.3M).

The fastest growing import markets in X-Ray Equipment for South Korea between 2021 and 2022 were Germany ($19.6M), China ($18.8M), and Israel ($8.64M).

COMPANIES In 2023, leading companies such as LG Electronics (866), Volvo (201), and Costco Wholesale (47) were at the forefront of shipping X-Ray Equipment from South Korea to the United States.

Latest Trends

July 2024

About

Overview In July 2024 South Korea's X-Ray Equipment exports accounted up to $75.2M and imports accounted up to $51.8M, resulting in a positive trade balance of $23.4M. Between July 2023 and July 2024 the exports of South Korea's   X-Ray Equipment have increased by $582k (0.78%) from $74.7M to $75.2M, while imports increased by $1.06M (2.08%) from $50.8M to $51.8M.

Destinations In July 2024, X-Ray Equipment were exported mostly to United States ($14.8M), Mexico ($7.34M), Germany ($5.09M), Russia ($4.9M), and India ($3.54M), and were imported mostly from Japan ($11.4M), China ($10.7M), United States ($9.61M), Germany ($7.21M), and Israel ($1.94M).

Growth In July 2024, the increase in X-Ray Equipment's year-by-year exports was explained primarily by an increase in exports to Hungary ($5.24M or 300%), United Arab Emirates ($1.63M or 286%), and India ($1.52M or 127%). In July 2024, the increase in X-Ray Equipment's year-by-year imports was explained primarily by an increase in imports from United States ($5.95M or 63.6%), United Kingdom ($2.57M or 438%), and Netherlands ($2.13M or 579%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$582k(0.78%)
IMPORT GROWTH (July 2023 - July 2024)$1.06M(2.08%)
MAIN DESTINATION (July 2024)United States$14.8M

This section shows X-Ray Equipment'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 X-Ray Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$989M
IMPORTS (2022)$543M
NET TRADE (2022)$446M

In 2022, South Korea exported $989M in X-Ray Equipment. The main destinations of South Korea exports on X-Ray Equipment were United States ($197M), China ($108M), Russia ($75.2M), Japan ($52.5M), and Germany ($48.9M).

In 2022, South Korea imported $543M in X-Ray Equipment, mainly from Germany ($131M), Japan ($118M), China ($91.8M), United States ($90.9M), and Netherlands ($21.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING X-Ray Equipment EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Hungary$28.7M (238%)
Russia$18.9M (33.6%)
Tanzania$15.7M (3.93k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF X-Ray Equipment BY South Korea WERE (2021 - 2022):
China-$30.9M (-22.3%)
Germany-$5.98M (-10.9%)
Iran-$3.69M (-83%)
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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 X-Ray Equipment were:
Germany $5.71B
United States $3.86B
China $3B
In 2022, South Korea's main importing competitors in X-Ray Equipment were:
United States $4.55B
China $3.4B
Germany $1.66B

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Trade Value of X-Ray Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $69.9M
TOP IMPORT POTENTIALChina+ $39.6M

X-Ray Equipment’s highest export potential is China. With an export gap of $69.9M.   X-Ray Equipment’s highest import potential is China with an import gap of $39.6M.

See methodology.

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