Korea, Rep. Trade Summary

2021 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): 644,373
No. Of products: 4,293
No. Of partners: 224
Importsmore »
Imports (in US$ Mil): 615,073
No. Of products: 4,482
No. Of partners: 231

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Monolithic integrate ...108,933,833.10
Petroleum oils, etc, ...37,019,892.07
Automobiles with rec ...16,415,829.86
Parts and accessorie ...16,000,186.62
Parts of electrical ...15,965,292.97
Imports (US$ Thousands)
Petroleum oils and o ...67,012,528.18
Monolithic integrate ...50,319,734.18
Natural gas, liquefi ...25,452,783.23
Petroleum oils, etc, ...23,543,964.40
Apparatus and equipm ...16,404,465.82

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China162,913 25.28
United States96,299 14.94
Vietnam56,729 8.80
Hong Kong, China37,465 5.81
Japan30,062 4.67
Exporter Trade (US$ Mil) Partner share(%)
China138,627 22.54
United States73,659 11.98
Japan54,641 8.88
Australia32,916 5.35
Saudi Arabia24,271 3.95

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials5,471 0.85 140,352 22.82 13.95
Intermediate goods162,930 25.29 117,721 19.14 2.60
Consumer goods155,995 24.21 154,713 25.15 2.90
Capital goods319,937 49.65 202,171 32.87 0.59

Trade Indicators

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HH Market concentration index: 0.12
Index of export market penetration: 21.83
World Growth: 12.50
Country Growth: 12.66

Tariffs

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No Of Tariff Agreement: 33
Maximum Rate (%): 887.40
Simple Average (%): 5
Weighted Average (%): 4.85
Duty Free Imports (US$ Thousand): 306,767,908.68
Duty Free Tariff Lines Share (%): 73.99

Development Indicators

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GDP (current US$): 1,810,956
GNI per capita, Atlas method (current US$): 35,110.00
Trade Balance (% of GDP): 3.58
Trade Balance (current US$ Mil): 64,808.00
Trade in services (% of GDP): 13.54
Trade (% of GDP): 80.49