Korea, Rep. Trade Summary

2020 Data

Korea, Rep. exports, imports, tariff by year.

Country / 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

All Products
Animal
Vegetable
Food Products
Minerals
Fuels
Chemicals
Plastic or Rubber
Hides and Skins
Wood
Textiles and Clothing
Footwear
Stone and Glass
Metals
Mach and Elec
Transportation
Miscellaneous

TRADE SUMMARY FOR Korea, Rep.

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 512,419
No. Of products: 4,282
No. Of partners: 225
Importsmore »
Imports (in US$ Mil): 467,591
No. Of products: 4,451
No. Of partners: 230

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Monolithic integrate ...82,629,670.09
Petroleum oils, etc, ...23,212,082.04
Automobiles with rec ...15,348,326.59
Parts and accessorie ...13,917,414.71
Parts of electrical ...12,834,702.62
Imports (US$ Thousands)
Petroleum oils and o ...44,455,595.82
Monolithic integrate ...40,314,135.74
Natural gas, liquefi ...15,716,276.20
Petroleum oils, etc, ...12,743,220.40
Apparatus and equipm ...10,352,372.41

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China132,565 25.87
United States74,353 14.51
Vietnam48,511 9.47
Hong Kong, China30,624 5.98
Japan25,098 4.90
Exporter Trade (US$ Mil) Partner share(%)
China108,884 23.29
United States57,780 12.36
Japan46,023 9.84
Germany20,676 4.42
Vietnam20,579 4.40

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,740 0.73 96,066 20.54 14.13
Intermediate goods119,350 23.29 85,073 18.19 2.80
Consumer goods123,140 24.03 117,887 25.21 3.28
Capital goods265,289 51.77 167,967 35.92 1.78

Trade Indicators

more »
HH Market concentration index: 0.12
Index of export market penetration: 21.41
World Growth: -3.83
Country Growth: -1.62

Tariffs

more »
No Of Tariff Agreement: 27
Maximum Rate (%): 887.40
Simple Average (%): 5.29
Weighted Average (%): 5.48
Duty Free Imports (US$ Thousand): 253,958,875.21
Duty Free Tariff Lines Share (%): 69.63

Development Indicators

more »
GDP (current US$): 1,644,313
GNI per capita, Atlas method (current US$): 33,040.00
Trade Balance (% of GDP): 3.69
Trade Balance (current US$ Mil): 60,595.00
Trade in services (% of GDP): 11.79
Trade (% of GDP): 69.03