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Korea, Rep. Trade Summary

2010

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. 2010

Overall Exports and Imports for Korea, Rep. 2010

Exports and imports of Korea, Rep. in 2010 are below, along with number of countries and products

  • The total value of exports (FoB) was 466,381 million.
  • The total value of imports (CIF) was 425,208 million.
  • At the HS6 digit level, 4,241 products were exported to 222 countries and 4,530 products were imported from 221 countries.

Korea, Rep. top 5 Export and Import partners 2010

Top five countries to which Korea, Rep. exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 116,838 million, with a partner share of 25.05 percent.
  2. Korea, Rep. exports to United States worth US$ 49,991 million, with a partner share of 10.72 percent.
  3. Korea, Rep. exports to Japan worth US$ 28,176 million, with a partner share of 6.04 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 25,294 million, with a partner share of 5.42 percent.
  5. Korea, Rep. exports to Singapore worth US$ 15,244 million, with a partner share of 3.27 percent.

Top five countries from which Korea, Rep. imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 71,573 million, with a partner share of 16.83 percent.
  2. Korea, Rep. imports from Japan worth US$ 64,296 million, with a partner share of 15.12 percent.
  3. Korea, Rep. imports from United States worth US$ 40,588 million, with a partner share of 9.55 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 26,820 million, with a partner share of 6.31 percent.
  5. Korea, Rep. imports from Australia worth US$ 20,455 million, with a partner share of 4.81 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2010

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$ 36,188,329.64 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 30,163,290.40 million.
  3. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 29,647,590.06 million.
  4. Korea, Rep. exported Cargo vessels nes and other vessels for the tra , worth US$ 20,165,461.19 million.
  5. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 19,337,295.35 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$ 68,662,187.71 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 18,402,610.39 million.
  3. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 17,330,372.83 million.
  4. Korea, Rep. imported Natural gas, liquefied , worth US$ 17,005,963.71 million.
  5. Korea, Rep. imported Machines & mechanical appliances nes having ind , worth US$ 12,310,235.80 million.

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Korea, Rep. in 2010 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 10.12 percent.
  • The trade weighted average tariff was 7.19 .
  • The total duty free imports in thousands of US dollars were 129,726,055.60 and duty free tariff line items share was 20.50 percent.

Development Indicators 2010

Key Development Indicators of Korea, Rep. in 2010 are below

  • Korea, Rep. GDP in current US dollar was 1,144,067 million.
  • GNI per capita, Atlas method (current US$) was 22,290.00 .
  • Korea, Rep. Trade balance: as % of GDP was 2.81.
  • Trade balance in current US$ was 32,124.00 million.
  • Trade as percentage of GDP was 91.40 .
  • Trade in services as percentage of GDP was 15.72 .

Trade Indicators 2010

Trade Indicators for Korea, Rep. in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 21.83.
  • World Growth in percentage was 9.74 and Korea, Rep. Country Growth was 14.60 .