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Korea, Rep. Trade Summary

1998

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. 1998

Overall Exports and Imports for Korea, Rep. 1998

Exports and imports of Korea, Rep. in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 132,302 million.
  • The total value of imports (CIF) was 93,281 million.
  • At the HS6 digit level, 4,359 products were exported to 205 countries and 4,731 products were imported from 179 countries.

Korea, Rep. top 5 Export and Import partners 1998

Top five countries to which Korea, Rep. exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to United States worth US$ 22,783 million, with a partner share of 17.22 percent.
  2. Korea, Rep. exports to Japan worth US$ 11,069 million, with a partner share of 8.37 percent.
  3. Korea, Rep. exports to China worth US$ 10,967 million, with a partner share of 8.29 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 8,584 million, with a partner share of 6.49 percent.
  5. Korea, Rep. exports to Switzerland worth US$ 4,832 million, with a partner share of 3.65 percent.

Top five countries from which Korea, Rep. imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from United States worth US$ 20,244 million, with a partner share of 21.70 percent.
  2. Korea, Rep. imports from Japan worth US$ 16,537 million, with a partner share of 17.73 percent.
  3. Korea, Rep. imports from China worth US$ 6,227 million, with a partner share of 6.68 percent.
  4. Korea, Rep. imports from Australia worth US$ 4,604 million, with a partner share of 4.94 percent.
  5. Korea, Rep. imports from Saudi Arabia worth US$ 3,958 million, with a partner share of 4.24 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 1998

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$ 15,801,755.65 million.
  2. Korea, Rep. exported Gold in oth semi-manufactured forms,non-monetar , worth US$ 4,356,421.63 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 4,098,268.67 million.
  4. Korea, Rep. exported Tankers , worth US$ 3,844,648.19 million.
  5. Korea, Rep. exported Cargo vessels nes and other vessels for the tra , worth US$ 3,098,670.59 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$ 11,240,587.26 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 10,138,224.64 million.
  3. Korea, Rep. imported Gold in unwrought forms non-monetary , worth US$ 3,985,535.49 million.
  4. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 2,146,532.48 million.
  5. Korea, Rep. imported Natural gas, liquefied , worth US$ 1,549,315.97 million.

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Korea, Rep. in 1998 are below

  • The maximum rate of tariff in percentage on any product was 946.60 percent.
  • The simple average tariff across all products was 10.25 percent.
  • The trade weighted average tariff was 13.61 .
  • The total duty free imports in thousands of US dollars were 1,924,728.69 and duty free tariff line items share was 1.65 percent.

Development Indicators 1998

Key Development Indicators of Korea, Rep. in 1998 are below

  • Korea, Rep. GDP in current US dollar was 383,331 million.
  • GNI per capita, Atlas method (current US$) was 10,330.00 .
  • Korea, Rep. Trade balance: as % of GDP was 10.58.
  • Trade balance in current US$ was 40,541.00 million.
  • Trade as percentage of GDP was 68.50 .
  • Trade in services as percentage of GDP was 13.56 .

Trade Indicators 1998

Trade Indicators for Korea, Rep. in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 15.54.
  • World Growth in percentage was -0.47 and Korea, Rep. Country Growth was 0.42 .