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Korea, Rep. Trade Summary

2016

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. 2016

Overall Exports and Imports for Korea, Rep. 2016

Exports and imports of Korea, Rep. in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 495,418 million.
  • The total value of imports (CIF) was 406,182 million.
  • At the HS6 digit level, 4,313 products were exported to 221 countries and 4,510 products were imported from 228 countries.

Korea, Rep. top 5 Export and Import partners 2016

Top five countries to which Korea, Rep. exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 124,433 million, with a partner share of 25.12 percent.
  2. Korea, Rep. exports to United States worth US$ 66,748 million, with a partner share of 13.47 percent.
  3. Korea, Rep. exports to Hong Kong, China worth US$ 32,779 million, with a partner share of 6.62 percent.
  4. Korea, Rep. exports to Vietnam worth US$ 32,630 million, with a partner share of 6.59 percent.
  5. Korea, Rep. exports to Japan worth US$ 24,354 million, with a partner share of 4.92 percent.

Top five countries from which Korea, Rep. imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 86,979 million, with a partner share of 21.41 percent.
  2. Korea, Rep. imports from Japan worth US$ 47,466 million, with a partner share of 11.69 percent.
  3. Korea, Rep. imports from United States worth US$ 43,398 million, with a partner share of 10.68 percent.
  4. Korea, Rep. imports from Germany worth US$ 18,917 million, with a partner share of 4.66 percent.
  5. Korea, Rep. imports from Other Asia, nes worth US$ 16,403 million, with a partner share of 4.04 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2016

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$ 52,057,211.25 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 25,528,128.37 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 22,007,749.58 million.
  4. Korea, Rep. exported Tankers , worth US$ 16,311,299.96 million.
  5. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 15,606,609.40 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$ 44,294,822.08 million.
  2. Korea, Rep. imported Monolithic integrated circuits, nes , worth US$ 29,864,305.29 million.
  3. Korea, Rep. imported Natural gas, liquefied , worth US$ 12,169,979.55 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 11,744,028.59 million.
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 8,167,821.30 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Korea, Rep. in 2016 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 11.12 percent.
  • The trade weighted average tariff was 8.67 .
  • The total duty free imports in thousands of US dollars were 116,454,782.56 and duty free tariff line items share was 19.88 percent.

Development Indicators 2016

Key Development Indicators of Korea, Rep. in 2016 are below

  • Korea, Rep. GDP in current US dollar was 1,500,112 million.
  • GNI per capita, Atlas method (current US$) was 29,330.00 .
  • Korea, Rep. Trade balance: as % of GDP was 6.66.
  • Trade balance in current US$ was 99,930.00 million.
  • Trade as percentage of GDP was 73.60 .
  • Trade in services as percentage of GDP was 13.80 .

Trade Indicators 2016

Trade Indicators for Korea, Rep. in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 22.48.
  • World Growth in percentage was -1.38 and Korea, Rep. Country Growth was -2.04 .