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Korea, Rep. Trade Summary

2014

Korea, Rep. exports, imports, tariff by year.
Korea, Rep. monthly trade data
Korea, Rep. quarterly trade data

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. 2014

Overall Exports and Imports for Korea, Rep. 2014

Exports and imports of Korea, Rep. in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 573,075 million.
  • The total value of imports (CIF) was 525,557 million.
  • At the HS6 digit level, 4,277 products were exported to 222 countries and 4,512 products were imported from 226 countries.

Korea, Rep. top 5 Export and Import partners 2014

Top five countries to which Korea, Rep. exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 145,328 million, with a partner share of 25.36 percent.
  2. Korea, Rep. exports to United States worth US$ 70,598 million, with a partner share of 12.32 percent.
  3. Korea, Rep. exports to Japan worth US$ 32,248 million, with a partner share of 5.63 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 27,275 million, with a partner share of 4.76 percent.
  5. Korea, Rep. exports to Singapore worth US$ 23,906 million, with a partner share of 4.17 percent.

Top five countries from which Korea, Rep. imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 90,071 million, with a partner share of 17.14 percent.
  2. Korea, Rep. imports from Japan worth US$ 53,776 million, with a partner share of 10.23 percent.
  3. Korea, Rep. imports from United States worth US$ 45,531 million, with a partner share of 8.66 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 36,724 million, with a partner share of 6.99 percent.
  5. Korea, Rep. imports from Qatar worth US$ 25,728 million, with a partner share of 4.90 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2014

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, nes , worth US$ 51,302,391.41 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 49,097,847.31 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 27,337,064.86 million.
  4. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 24,294,940.67 million.
  5. Korea, Rep. exported Floating docks and vessels which perform specia , worth US$ 13,820,385.58 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$ 94,971,595.95 million.
  2. Korea, Rep. imported Natural gas, liquefied , worth US$ 31,423,901.14 million.
  3. Korea, Rep. imported Monolithic integrated circuits, nes , worth US$ 29,855,750.42 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 29,661,927.76 million.
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 10,723,077.69 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Korea, Rep. in 2014 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 5.98 percent.
  • The trade weighted average tariff was 6.10 .
  • The total duty free imports in thousands of US dollars were 215,433,335.69 and duty free tariff line items share was 59.96 percent.

Development Indicators 2014

Key Development Indicators of Korea, Rep. in 2014 are below

  • Korea, Rep. GDP in current US dollar was 1,484,318 million.
  • GNI per capita, Atlas method (current US$) was 28,160.00 .
  • Korea, Rep. Trade balance: as % of GDP was 5.05.
  • Trade balance in current US$ was 74,934.00 million.
  • Trade as percentage of GDP was 90.61 .
  • Trade in services as percentage of GDP was 15.30 .

Trade Indicators 2014

Trade Indicators for Korea, Rep. in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 22.10.
  • World Growth in percentage was 0.26 and Korea, Rep. Country Growth was 1.27 .