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Korea, Rep. Trade Summary

2019

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. 2019

Overall Exports and Imports for Korea, Rep. 2019

Exports and imports of Korea, Rep. in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 542,172 million.
  • The total value of imports (CIF) was 503,263 million.
  • At the HS6 digit level, 4,300 products were exported to 221 countries and 4,472 products were imported from 226 countries.

Korea, Rep. top 5 Export and Import partners 2019

Top five countries to which Korea, Rep. exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Korea, Rep. exports to China worth US$ 136,203 million, with a partner share of 25.12 percent.
  2. Korea, Rep. exports to United States worth US$ 73,599 million, with a partner share of 13.57 percent.
  3. Korea, Rep. exports to Vietnam worth US$ 48,178 million, with a partner share of 8.89 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 31,906 million, with a partner share of 5.88 percent.
  5. Korea, Rep. exports to Japan worth US$ 28,420 million, with a partner share of 5.24 percent.

Top five countries from which Korea, Rep. imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Korea, Rep. imports from China worth US$ 107,228 million, with a partner share of 21.31 percent.
  2. Korea, Rep. imports from United States worth US$ 62,105 million, with a partner share of 12.34 percent.
  3. Korea, Rep. imports from Japan worth US$ 47,579 million, with a partner share of 9.45 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 21,841 million, with a partner share of 4.34 percent.
  5. Korea, Rep. imports from Vietnam worth US$ 21,072 million, with a partner share of 4.19 percent.

Korea, Rep. Top 5 Productsexports imports at HS 6 digit level 2019

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$ 78,864,707.69 million.
  2. Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 39,280,010.51 million.
  3. Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 19,698,030.36 million.
  4. Korea, Rep. exported Parts and accessories of automatic data process , worth US$ 12,541,351.25 million.
  5. Korea, Rep. exported Tankers , worth US$ 12,356,092.82 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$ 70,251,768.06 million.
  2. Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 35,742,864.74 million.
  3. Korea, Rep. imported Natural gas, liquefied , worth US$ 20,566,591.67 million.
  4. Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 17,200,488.86 million.
  5. Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 13,062,448.74 million.

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Korea, Rep. in 2019 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2019

Key Development Indicators of Korea, Rep. in 2019 are below

  • Korea, Rep. GDP in current US dollar was 1,651,423 million.
  • GNI per capita, Atlas method (current US$) was 33,830.00 .
  • Korea, Rep. Trade balance: as % of GDP was 2.79.
  • Trade balance in current US$ was 46,150.00 million.
  • Trade as percentage of GDP was 75.76 .
  • Trade in services as percentage of GDP was 14.20 .

Trade Indicators 2019

Trade Indicators for Korea, Rep. in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 21.61.
  • World Growth in percentage was -1.73 and Korea, Rep. Country Growth was -4.71 .