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Korea, Rep. Trade Summary

2017

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. 2017

Overall Exports and Imports for Korea, Rep. 2017

Exports and imports of Korea, Rep. in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 573,627 million.
  • The total value of imports (CIF) was 478,469 million.
  • At the HS6 digit level, 4,284 products were exported to 223 countries and 4,487 products were imported from 226 countries.

Korea, Rep. top 5 Export and Import partners 2017

Top five countries to which Korea, Rep. exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 142,119 million, with a partner share of 24.78 percent.
  2. Korea, Rep. exports to United States worth US$ 68,852 million, with a partner share of 12.00 percent.
  3. Korea, Rep. exports to Vietnam worth US$ 47,754 million, with a partner share of 8.32 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 39,059 million, with a partner share of 6.81 percent.
  5. Korea, Rep. exports to Japan worth US$ 26,814 million, with a partner share of 4.67 percent.

Top five countries from which Korea, Rep. imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 97,859 million, with a partner share of 20.45 percent.
  2. Korea, Rep. imports from Japan worth US$ 55,124 million, with a partner share of 11.52 percent.
  3. Korea, Rep. imports from United States worth US$ 50,908 million, with a partner share of 10.64 percent.
  4. Korea, Rep. imports from Germany worth US$ 19,748 million, with a partner share of 4.13 percent.
  5. Korea, Rep. imports from Saudi Arabia worth US$ 19,590 million, with a partner share of 4.09 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2017

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 85,869,110.66 (US$ Thousands).
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth 33,544,128.09 (US$ Thousands).
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth 19,133,380.18 (US$ Thousands).
  4. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth 14,479,267.59 (US$ Thousands).
  5. Korea, Rep. exported Parts and accessories of automatic data process , worth 14,350,859.28 (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 59,602,860.84 (US$ Thousands).
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth 33,446,829.69 (US$ Thousands).
  3. Korea, Rep. imported Natural gas, liquefied , worth 15,615,666.25 (US$ Thousands).
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth 14,693,459.60 (US$ Thousands).
  5. Korea, Rep. imported Apparatus and equipment for photographic (incl , worth 13,690,832.04 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Korea, Rep. in 2017 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 5.36 percent.
  • The trade weighted average tariff was 5.05 .
  • The total duty free imports in thousands of US dollars were 232,453,991.40 and duty free tariff line items share was 68.35 percent.

Development Indicators 2017

Key Development Indicators of Korea, Rep. in 2017 are below

  • Korea, Rep. GDP in current US dollar was 1,623,901 million.
  • GNI per capita, Atlas method (current US$) was 30,300.00 .
  • Korea, Rep. Trade balance: as % of GDP was 4.75.
  • Trade balance in current US$ was 77,095.00 million.
  • Trade as percentage of GDP was 77.12 .
  • Trade in services as percentage of GDP was 13.31 .

Trade Indicators 2017

Trade Indicators for Korea, Rep. in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 22.77.
  • World Growth in percentage was 5.17 and Korea, Rep. Country Growth was 7.47 .