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Korea, Rep. Trade Summary

1996

Korea, Rep. exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR KOREA, REP. 1996

Overall Exports and Imports for Korea, Rep. 1996

Exports and imports of Korea, Rep. in 1996 are below, along with number of countries and products

  • The total value of exports (FoB) was 129,713 million.
  • The total value of imports (CIF) was 150,334 million.
  • At the HS6 digit level, 4,333 products were exported to 201 countries and 4,767 products were imported from 187 countries.

Korea, Rep. top 5 Export and Import partners 1996

Top five countries to which Korea, Rep. exported in 1996 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to United States worth US$ 21,926 million, with a partner share of 16.90 percent.
  2. Korea, Rep. exports to Japan worth US$ 15,767 million, with a partner share of 12.16 percent.
  3. Korea, Rep. exports to China worth US$ 11,377 million, with a partner share of 8.77 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 11,131 million, with a partner share of 8.58 percent.
  5. Korea, Rep. exports to Singapore worth US$ 6,439 million, with a partner share of 4.96 percent.

Top five countries from which Korea, Rep. imported goods in 1996 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from United States worth US$ 33,320 million, with a partner share of 22.16 percent.
  2. Korea, Rep. imports from Japan worth US$ 31,448 million, with a partner share of 20.92 percent.
  3. Korea, Rep. imports from China worth US$ 8,538 million, with a partner share of 5.68 percent.
  4. Korea, Rep. imports from Germany worth US$ 7,239 million, with a partner share of 4.82 percent.
  5. Korea, Rep. imports from Saudi Arabia worth US$ 6,667 million, with a partner share of 4.43 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 1996

The top five exported HS 6 digit level products to world by Korea, Rep. along with trade value are:

  1. Korea, Rep. exported Monolithic integrated circuits, digital , worth US$ 13,761,439.74 million.
  2. Korea, Rep. exported Gold in unwrought forms non-monetary , worth US$ 4,816,012.80 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 4,757,993.98 million.
  4. Korea, Rep. exported Cargo vessels nes and other vessels for the tra , worth US$ 4,696,923.14 million.
  5. Korea, Rep. exported Input or output units, whether or not presented , worth US$ 3,745,499.39 million.

The top five imported HS 6 digit level products from world by Korea, Rep. along with trade value are

  1. Korea, Rep. imported Petroleum oils and oils obtained from bituminou , worth US$ 14,431,515.65 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 7,809,819.65 million.
  3. Korea, Rep. imported Gold in unwrought forms non-monetary , worth US$ 5,176,270.85 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 4,320,454.14 million.
  5. Korea, Rep. imported Machines & mechanical appliances nes having ind , worth US$ 3,418,230.27 million.

Exports and Imports of Product Groups 1996

Exports and imports of products by stages of processing in 1996 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1996

Tariffs imposed by Korea, Rep. in 1996 are below

  • The maximum rate of tariff in percentage on any product was 966.30 percent.
  • The simple average tariff across all products was 9.83 percent.
  • The trade weighted average tariff was 15.02 .
  • The total duty free imports in thousands of US dollars were 3,941,135.37 and duty free tariff line items share was 1.56 percent.

Development Indicators 1996

Key Development Indicators of Korea, Rep. in 1996 are below

  • Korea, Rep. GDP in current US dollar was 610,170 million.
  • GNI per capita, Atlas method (current US$) was 13,320.00 .
  • Korea, Rep. Trade balance: as % of GDP was -3.05.
  • Trade balance in current US$ was -18,610.00 million.
  • Trade as percentage of GDP was 52.65 .
  • Trade in services as percentage of GDP was 8.94 .

Trade Indicators 1996

Trade Indicators for Korea, Rep. in 1996 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 13.44.
  • World Growth in percentage was 3.55 and Korea, Rep. Country Growth was 1.63 .