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Korea, Rep. Trade Summary

2012

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. 2012

Overall Exports and Imports for Korea, Rep. 2012

Exports and imports of Korea, Rep. in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 547,854 million.
  • The total value of imports (CIF) was 519,576 million.
  • At the HS6 digit level, 4,235 products were exported to 225 countries and 4,507 products were imported from 224 countries.

Korea, Rep. top 5 Export and Import partners 2012

Top five countries to which Korea, Rep. exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 134,322 million, with a partner share of 24.52 percent.
  2. Korea, Rep. exports to United States worth US$ 58,807 million, with a partner share of 10.73 percent.
  3. Korea, Rep. exports to Japan worth US$ 38,796 million, with a partner share of 7.08 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 32,605 million, with a partner share of 5.95 percent.
  5. Korea, Rep. exports to Singapore worth US$ 22,888 million, with a partner share of 4.18 percent.

Top five countries from which Korea, Rep. imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 80,782 million, with a partner share of 15.55 percent.
  2. Korea, Rep. imports from Japan worth US$ 64,363 million, with a partner share of 12.39 percent.
  3. Korea, Rep. imports from United States worth US$ 43,652 million, with a partner share of 8.40 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 39,707 million, with a partner share of 7.64 percent.
  5. Korea, Rep. imports from Qatar worth US$ 25,505 million, with a partner share of 4.91 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2012

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 US$ 54,726,250.81 million.
  2. Korea, Rep. exported Monolithic integrated circuits, nes , worth US$ 41,134,573.53 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 27,767,857.10 million.
  4. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 27,200,435.22 million.
  5. Korea, Rep. exported Cargo vessels nes and other vessels for the tra , worth US$ 18,451,993.22 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$ 108,298,230.91 million.
  2. Korea, Rep. imported Natural gas, liquefied , worth US$ 27,364,463.64 million.
  3. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 25,700,638.73 million.
  4. Korea, Rep. imported Monolithic integrated circuits, nes , worth US$ 25,368,416.19 million.
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 14,221,222.94 million.

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Korea, Rep. in 2012 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 10.18 percent.
  • The trade weighted average tariff was 7.59 .
  • The total duty free imports in thousands of US dollars were 141,248,894.47 and duty free tariff line items share was 21.03 percent.

Development Indicators 2012

Key Development Indicators of Korea, Rep. in 2012 are below

  • Korea, Rep. GDP in current US dollar was 1,222,807 million.
  • GNI per capita, Atlas method (current US$) was 24,550.00 .
  • Korea, Rep. Trade balance: as % of GDP was 2.79.
  • Trade balance in current US$ was 34,169.00 million.
  • Trade as percentage of GDP was 109.89 .
  • Trade in services as percentage of GDP was 17.36 .

Trade Indicators 2012

Trade Indicators for Korea, Rep. in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 21.57.
  • World Growth in percentage was 0.02 and Korea, Rep. Country Growth was 0.91 .