Photo Lab Equipment in South Korea

2019
Exports | Imports
: $2.06B | $5.3B, World Rnk 5 / 132
Flag Rnk 45 / 1200 | World Rnk 4 / 205
Flag Rnk 12 / 1209

2019
Destination | Origin
: $1.5B | $1.93B, China | United States

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $916M | $22.3M, China |  China

2019
ECONOMIC COMPLEXITY of South Korea
: 1.98, Rnk 5 / 157

2019
PRODUCT COMPLEXITY  IN Photo Lab Equipment
: 2.05, Rnk 6 / 1029

Exports: In 2019, South Korea exported $2.06B in Photo Lab Equipment, making it the 5th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 45th most exported product in South Korea. The main destination of Photo Lab Equipment exports from South Korea are: China ($1.5B), Chinese Taipei ($137M), Japan ($93.2M), United States ($91.5M), and Vietnam ($85.8M).

The fastest growing export markets for Photo Lab Equipment of South Korea between 2018 and 2019 were China ($916M), Chinese Taipei ($35.4M), and Vietnam ($11M).

Imports: In 2019, South Korea imported $5.3B in Photo Lab Equipment, becoming the 4th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 12th most imported product in South Korea. South Korea imports Photo Lab Equipment primarily from: United States ($1.93B), Japan ($1.5B), Netherlands ($1.28B), Singapore ($418M), and Chinese Taipei ($59.5M).

The fastest growing import markets in Photo Lab Equipment for South Korea between 2018 and 2019 were China ($22.3M), Chinese Taipei ($1.63M), and Malaysia ($525k).

Tariffs: In 2018, the average tariff for South Korea in Photo Lab Equipment was 4.54%. The countries with the highest import tariffs for Photo Lab Equipment were Botswana (7.27%), Cote d'Ivoire (7.27%), Cameroon (7.27%), Republic of the Congo (7.27%), and Cape Verde (7.27%).

Value

EXPORTS (2019): $2.06B

IMPORTS (2019): $5.3B

NET TRADE (2019): -$3.24B

In 2019, South Korea exported $2.06B in Photo Lab Equipment. The main destinations of South Korea exports on Photo Lab Equipment were China ($1.5B), Chinese Taipei ($137M), Japan ($93.2M), United States ($91.5M), and Vietnam ($85.8M).

In 2019, South Korea imported $5.3B in Photo Lab Equipment, mainly from United States ($1.93B), Japan ($1.5B), Netherlands ($1.28B), Singapore ($418M), and Chinese Taipei ($59.5M).

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IN 2019, South Korea HAD A POSITIVE NET TRADE IN Photo Lab Equipment WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Photo Lab Equipment WITH:

Flow

THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY South Korea WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, South Korea's main exporting competitors in Photo Lab Equipment were:

In 2018, South Korea's main importing competitors in Photo Lab Equipment were:

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Tariffs by Country

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In 2018, the average tariff for South Korea in Photo Lab Equipment was 4.54%.

The countries with the highest tariffs for Photo Lab Equipment in South Korea were Botswana (7.27%), Cote d'Ivoire (7.27%), Cameroon (7.27%), Republic of the Congo (7.27%), and Cape Verde (7.27%).

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