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Korea, Rep. Trade Summary

2018

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. 2018

Overall Exports and Imports for Korea, Rep. 2018

Exports and imports of Korea, Rep. in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 604,807 million.
  • The total value of imports (CIF) was 535,183 million.
  • At the HS6 digit level, 4,312 products were exported to 223 countries and 4,486 products were imported from 230 countries.

Korea, Rep. top 5 Export and Import partners 2018

Top five countries to which Korea, Rep. exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 162,125 million, with a partner share of 26.81 percent.
  2. Korea, Rep. exports to United States worth US$ 73,044 million, with a partner share of 12.08 percent.
  3. Korea, Rep. exports to Vietnam worth US$ 48,622 million, with a partner share of 8.04 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 45,979 million, with a partner share of 7.60 percent.
  5. Korea, Rep. exports to Japan worth US$ 30,527 million, with a partner share of 5.05 percent.

Top five countries from which Korea, Rep. imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 106,488 million, with a partner share of 19.90 percent.
  2. Korea, Rep. imports from United States worth US$ 59,081 million, with a partner share of 11.04 percent.
  3. Korea, Rep. imports from Japan worth US$ 54,603 million, with a partner share of 10.20 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 26,336 million, with a partner share of 4.92 percent.
  5. Korea, Rep. imports from Germany worth US$ 20,853 million, with a partner share of 3.90 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2018

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 US$ 109,522,362.49 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 44,715,350.78 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 19,610,960.95 million.
  4. Korea, Rep. exported Parts and accessories of automatic data process , worth US$ 18,501,092.96 million.
  5. Korea, Rep. exported Optical devices, appliances and instruments, ne , worth US$ 11,785,603.59 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$ 80,393,245.33 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 34,575,317.38 million.
  3. Korea, Rep. imported Natural gas, liquefied , worth US$ 23,188,916.22 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 21,023,454.00 million.
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 14,668,105.26 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Korea, Rep. in 2018 are below

  • The maximum rate of tariff in percentage on any product was 887.40 percent.
  • The simple average tariff across all products was 5.23 percent.
  • The trade weighted average tariff was 4.83 .
  • The total duty free imports in thousands of US dollars were 234,335,059.52 and duty free tariff line items share was 68.57 percent.

Development Indicators 2018

Key Development Indicators of Korea, Rep. in 2018 are below

  • Korea, Rep. GDP in current US dollar was 1,619,424 million.
  • GNI per capita, Atlas method (current US$) was 30,600.00 .
  • Korea, Rep. Trade balance: as % of GDP was 5.02.
  • Trade balance in current US$ was 81,236.00 million.
  • Trade as percentage of GDP was 83.00 .
  • Trade in services as percentage of GDP was 14.07 .

Trade Indicators 2018

Trade Indicators for Korea, Rep. in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.14.
  • Index of export market penetration was 19.65.
  • World Growth in percentage was 3.50 and Korea, Rep. Country Growth was -0.85 .