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Korea, Rep. Trade Summary

2011

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. 2011

Overall Exports and Imports for Korea, Rep. 2011

Exports and imports of Korea, Rep. in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was 555,209 million.
  • The total value of imports (CIF) was 524,405 million.
  • At the HS6 digit level, 4,261 products were exported to 225 countries and 4,537 products were imported from 220 countries.

Korea, Rep. top 5 Export and Import partners 2011

Top five countries to which Korea, Rep. exported in 2011 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 134,185 million, with a partner share of 24.17 percent.
  2. Korea, Rep. exports to United States worth US$ 56,421 million, with a partner share of 10.16 percent.
  3. Korea, Rep. exports to Japan worth US$ 39,679 million, with a partner share of 7.15 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 30,967 million, with a partner share of 5.58 percent.
  5. Korea, Rep. exports to Singapore worth US$ 20,839 million, with a partner share of 3.75 percent.

Top five countries from which Korea, Rep. imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 86,431 million, with a partner share of 16.48 percent.
  2. Korea, Rep. imports from Japan worth US$ 68,320 million, with a partner share of 13.03 percent.
  3. Korea, Rep. imports from United States worth US$ 44,815 million, with a partner share of 8.55 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 36,973 million, with a partner share of 7.05 percent.
  5. Korea, Rep. imports from Australia worth US$ 26,316 million, with a partner share of 5.02 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2011

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 50,371,143.25 (US$ Thousands).
  2. Korea, Rep. exported Monolithic integrated circuits, digital , worth 37,384,664.39 (US$ Thousands).
  3. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth 27,308,091.32 (US$ Thousands).
  4. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth 26,282,559.49 (US$ Thousands).
  5. Korea, Rep. exported Cargo vessels nes and other vessels for the tra , worth 20,317,750.14 (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 100,805,574.13 (US$ Thousands).
  2. Korea, Rep. imported Natural gas, liquefied , worth 23,859,293.85 (US$ Thousands).
  3. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth 22,029,886.61 (US$ Thousands).
  4. Korea, Rep. imported Monolithic integrated circuits, digital , worth 20,038,321.05 (US$ Thousands).
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth 16,052,360.82 (US$ Thousands).

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Korea, Rep. in 2011 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 10.36 percent.
  • The trade weighted average tariff was 7.32 .
  • The total duty free imports in thousands of US dollars were 155,307,550.37 and duty free tariff line items share was 20.53 percent.

Development Indicators 2011

Key Development Indicators of Korea, Rep. in 2011 are below

  • Korea, Rep. GDP in current US dollar was 1,253,223 million.
  • GNI per capita, Atlas method (current US$) was 23,590.00 .
  • Korea, Rep. Trade balance: as % of GDP was 1.11.
  • Trade balance in current US$ was 13,900.00 million.
  • Trade as percentage of GDP was 105.57 .
  • Trade in services as percentage of GDP was 15.41 .

Trade Indicators 2011

Trade Indicators for Korea, Rep. in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 21.55.
  • World Growth in percentage was 9.23 and Korea, Rep. Country Growth was 8.31 .