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Who buys South Korea’s vaccines and blood products? Export destinations 2024

In 2024, South Korea exported $11.2 billion of vaccines and blood products (6 thousand tonnes), 3.1% of the world total. Its main destinations were the United States (31%), Hungary (12%) and Italy (9%). South Korea was the world’s 9th-largest exporter of vaccines and blood products.

Summary

Value
$11.2billion
Tonnes
6thousand tonnes
Share of world total
3.1%
World rank
9th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States3.4Tonnes: 380USD per tonne: $8,994,02530.6%Air
Hungary1.4Tonnes: 469USD per tonne: $2,929,80912.3%Air
Italy0.97Tonnes: 79USD per tonne: $12,283,9058.7%Air
Switzerland0.93Tonnes: 41USD per tonne: $22,619,6668.3%Air
Germany0.9Tonnes: 45USD per tonne: $20,152,6558%Air
Belgium re-exports0.34Tonnes: 35USD per tonne: $9,908,8063.1%Air
Turkey0.34Tonnes: 77USD per tonne: $4,397,5103%Air
United Kingdom0.34Tonnes: 113USD per tonne: $2,982,3383%Air
France0.33Tonnes: 16USD per tonne: $21,130,3263%Air
Japan0.22Tonnes: 97USD per tonne: $2,289,4892%Air
Netherlands re-exports0.22Tonnes: 63USD per tonne: $3,411,4191.9%Air
Canada0.2Tonnes: 99USD per tonne: $2,058,2841.8%Air
Brazil0.18Tonnes: 370USD per tonne: $491,9241.6%Air
Portugal0.14Tonnes: 8USD per tonne: $17,914,1691.3%Air
Australia0.07Tonnes: 35USD per tonne: $2,087,2760.65%Air
China0.07Tonnes: 219USD per tonne: $326,0300.64%Air
Spain0.07Tonnes: 5USD per tonne: $12,931,3570.62%Air
Ireland0.06Tonnes: 17USD per tonne: $3,833,1310.58%Air
Czechia0.05Tonnes: 11USD per tonne: $4,633,1640.47%Air
Sweden0.05Tonnes: 18USD per tonne: $2,840,7500.47%Air

Trend

Who it sells to

The United States has been its main destination since 2016

Value in USD billions. The five largest destinations in 2024.

  • United States 3.4
  • Hungary 1.4
  • Italy 0.97
  • Switzerland 0.93
  • Germany 0.9

Source: CEPII BACI

Show the numbers
Partner19952024
United States< 0.013.4
Hungary01.4
Italy00.97
Switzerland< 0.010.93
Germany< 0.010.9

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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