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

TRADE SUMMARY FOR Korea, Rep.

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 512,419
No. Of products: 4,294
No. Of partners: 225
Importsmore »
Imports (in US$ Mil): 467,591
No. Of products: 4,465
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 goods119,457 23.31 85,098 18.20 2.80
Consumer goods123,896 24.18 118,382 25.32 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: 21.36
World Growth: -3.77
Country Growth: -1.55

Tariffs

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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

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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