Photo Lab Equipment in South Korea | The Observatory of Economic Complexity

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Exports In 2022, South Korea exported $625M in Photo Lab Equipment, making it the 7th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 142nd most exported product in South Korea. The main destination of Photo Lab Equipment exports from South Korea are: Chinese Taipei ($559M), China ($44.8M), Philippines ($7.68M), Vietnam ($5.39M), and Japan ($2.1M).

The fastest growing export markets for Photo Lab Equipment of South Korea between 2021 and 2022 were Chinese Taipei ($338M), Philippines ($4.08M), and Bangladesh ($61.7k).

Imports In 2022, South Korea imported $113M in Photo Lab Equipment, becoming the 6th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 482nd most imported product in South Korea. South Korea imports Photo Lab Equipment primarily from: Japan ($61.3M), Chinese Taipei ($40.9M), China ($6.03M), Vietnam ($1.3M), and Poland ($792k).

The fastest growing import markets in Photo Lab Equipment for South Korea between 2021 and 2022 were Poland ($286k), Canada ($94.5k), and Denmark ($46.3k).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (98) and CJ FOODS USA INC. (80) were at the forefront of shipping Photo Lab Equipment from South Korea to the United States.

Latest Trends

February 2024

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Overview In February 2024 South Korea's Photo Lab Equipment exports accounted up to $4.61M and imports accounted up to $1.74M, resulting in a positive trade balance of $2.87M. Between February 2023 and February 2024 the exports of South Korea's Photo Lab Equipment have increased by $2.7M (141%) from $1.91M to $4.61M, while imports increased by $1.04M (150%) from $696k to $1.74M.

Destinations In February 2024, Photo Lab Equipment were exported mostly to China ($4.44M), Japan ($44k), United States ($39k), Canada ($35k), and Vietnam ($13k), and were imported mostly from Japan ($1.43M), China ($146k), United Kingdom ($47k), Germany ($42k), and United States ($39k).

Growth In February 2024, the increase in Photo Lab Equipment's year-by-year exports was explained primarily by an increase in exports to Vietnam ($667k or 695%), United States ($83k or 1.19k%), and Chinese Taipei ($51k or 38.9%). In February 2024, the increase in Photo Lab Equipment's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$2.7M(141%)

IMPORT GROWTH (February 2023 - February 2024)$1.04M(150%)

MAIN DESTINATION (February 2024)China$4.44M

This section shows Photo Lab 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 Photo Lab Equipment over time.

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