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Korea, Rep. Trade Summary

2008

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. 2008

Overall Exports and Imports for Korea, Rep. 2008

Exports and imports of Korea, Rep. in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 422,003 million.
  • The total value of imports (CIF) was 435,271 million.
  • At the HS6 digit level, 4,216 products were exported to 219 countries and 4,532 products were imported from 220 countries.

Korea, Rep. top 5 Export and Import partners 2008

Top five countries to which Korea, Rep. exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 91,389 million, with a partner share of 21.66 percent.
  2. Korea, Rep. exports to United States worth US$ 46,501 million, with a partner share of 11.02 percent.
  3. Korea, Rep. exports to Japan worth US$ 28,252 million, with a partner share of 6.69 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 19,771 million, with a partner share of 4.69 percent.
  5. Korea, Rep. exports to Singapore worth US$ 16,293 million, with a partner share of 3.86 percent.

Top five countries from which Korea, Rep. imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 76,927 million, with a partner share of 17.67 percent.
  2. Korea, Rep. imports from Japan worth US$ 60,956 million, with a partner share of 14.00 percent.
  3. Korea, Rep. imports from United States worth US$ 38,556 million, with a partner share of 8.86 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 33,781 million, with a partner share of 7.76 percent.
  5. Korea, Rep. imports from United Arab Emirates worth US$ 19,248 million, with a partner share of 4.42 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2008

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

  1. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth 36,627,272.07 (US$ Thousands).
  2. Korea, Rep. exported Monolithic integrated circuits, digital , worth 24,380,243.52 (US$ Thousands).
  3. Korea, Rep. exported Transmission apparatus, for radioteleph incorpo , worth 22,139,382.89 (US$ Thousands).
  4. Korea, Rep. exported Tankers , worth 20,690,875.80 (US$ Thousands).
  5. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth 17,950,875.04 (US$ Thousands).

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 85,855,363.26 (US$ Thousands).
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth 20,736,095.88 (US$ Thousands).
  3. Korea, Rep. imported Natural gas, liquefied , worth 19,806,104.21 (US$ Thousands).
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth 17,080,907.60 (US$ Thousands).
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth 11,155,646.65 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Korea, Rep. in 2008 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 9.76 percent.
  • The trade weighted average tariff was 8.26 .
  • The total duty free imports in thousands of US dollars were 132,488,518.20 and duty free tariff line items share was 19.67 percent.

Development Indicators 2008

Key Development Indicators of Korea, Rep. in 2008 are below

  • Korea, Rep. GDP in current US dollar was 1,047,339 million.
  • GNI per capita, Atlas method (current US$) was 23,860.00 .
  • Korea, Rep. Trade balance: as % of GDP was -0.23.
  • Trade balance in current US$ was -2,436.00 million.
  • Trade as percentage of GDP was 95.52 .
  • Trade in services as percentage of GDP was 17.99 .

Trade Indicators 2008

Trade Indicators for Korea, Rep. in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 20.95.
  • World Growth in percentage was -59.29 and Korea, Rep. Country Growth was -5.72 .