Korea, Rep. Trade Summary

2021 Data

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

Country / Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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

more »
HH Market concentration index: 0.12
Index of export market penetration: 21.29
World Growth: 12.59
Country Growth: 12.23

Tariffs

more »
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

more »
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