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Korea, Rep. Trade Summary

2007

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. 2007

Overall Exports and Imports for Korea, Rep. 2007

Exports and imports of Korea, Rep. in 2007 are below, along with number of countries and products

  • The total value of exports (FoB) was 371,477 million.
  • The total value of imports (CIF) was 356,841 million.
  • At the HS6 digit level, 4,181 products were exported to 219 countries and 4,520 products were imported from 218 countries.

Korea, Rep. top 5 Export and Import partners 2007

Top five countries to which Korea, Rep. exported in 2007 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 81,985 million, with a partner share of 22.07 percent.
  2. Korea, Rep. exports to United States worth US$ 45,884 million, with a partner share of 12.35 percent.
  3. Korea, Rep. exports to Japan worth US$ 26,370 million, with a partner share of 7.10 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 18,654 million, with a partner share of 5.02 percent.
  5. Korea, Rep. exports to Other Asia, nes worth US$ 13,027 million, with a partner share of 3.51 percent.

Top five countries from which Korea, Rep. imported goods in 2007 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 63,025 million, with a partner share of 17.66 percent.
  2. Korea, Rep. imports from Japan worth US$ 56,250 million, with a partner share of 15.76 percent.
  3. Korea, Rep. imports from United States worth US$ 37,393 million, with a partner share of 10.48 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 21,163 million, with a partner share of 5.93 percent.
  5. Korea, Rep. imports from Germany worth US$ 13,534 million, with a partner share of 3.79 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2007

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$ 27,603,172.89 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 23,342,328.73 million.
  3. Korea, Rep. exported Transmission apparatus, for radioteleph incorpo , worth US$ 18,688,819.06 million.
  4. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 16,595,025.96 million.
  5. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 16,258,145.48 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$ 60,322,908.21 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 20,172,648.50 million.
  3. Korea, Rep. imported Natural gas, liquefied , worth US$ 12,653,251.01 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 11,664,908.20 million.
  5. Korea, Rep. imported Machines & mechanical appliances nes having ind , worth US$ 9,015,355.69 million.

Exports and Imports of Product Groups 2007

Exports and imports of products by stages of processing in 2007 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2007

Tariffs imposed by Korea, Rep. in 2007 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 8.36 percent.
  • The trade weighted average tariff was 7.13 .
  • The total duty free imports in thousands of US dollars were 112,389,137.35 and duty free tariff line items share was 26.70 percent.

Development Indicators 2007

Key Development Indicators of Korea, Rep. in 2007 are below

  • Korea, Rep. GDP in current US dollar was 1,172,614 million.
  • GNI per capita, Atlas method (current US$) was 23,440.00 .
  • Korea, Rep. Trade balance: as % of GDP was 0.91.
  • Trade balance in current US$ was 10,669.00 million.
  • Trade as percentage of GDP was 73.87 .
  • Trade in services as percentage of GDP was 13.29 .

Trade Indicators 2007

Trade Indicators for Korea, Rep. in 2007 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 20.99.
  • World Growth in percentage was 7.58 and Korea, Rep. Country Growth was 5.24 .