KMID : 1022920210090020121
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Journal of Korean Academy of Social & Managed Care Pharmacy 2021 Volume.9 No. 2 p.121 ~ p.130
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A Study on Vaccine Export Competitiveness of Korea: Focusing on Market Share, Trade Specialization Index and Revealed Comparative Advantage
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Ko Won-Jeong
Lee Sang-Won
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Abstract
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OBJECTIVES This study aims to analyze the vaccine export competitiveness of Korea by comparing 19 countries.
METHODS We used the import and export data of 20 countries including Korea, extracted from TradeMap database. Using the data, 3 trade indexes: Market Share, TSI(Trade Specialization Index), and RCA(Revealed Comparative Advantage) are calculated. The period of the analysis is 10 years, but data of 10 years are too big to handle. So, this study
just focus on 3 points of the years: 2010, 2015, 2020.
RESULTS Korea's vaccine market share is less than 1%, and specializing in imports rather than exports. Korea vaccine also has a comparative inferiority in vaccine exports compared to other countries.
CONCLUSIONS Considering the 3 trade indexes together, vaccine export competitiveness of Korea is low. Various strategies are needed to increase the export competitiveness.
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KEYWORD
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vaccine export, export competitiveness
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