Korea, Rep. Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Korea, Rep. monthly trade data
Korea, Rep. quarterly trade data

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For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Korea, Rep.

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 512,710
No. Of products 4,294
No. Of partners 225
Imports
Imports (in US$ Mil) 467,498
No. Of products 4,465
No. Of partners 230

Trade Indicator

HH Market concentration index0.12
Index of export market penetration20.45
World Growth-3.91
Country Growth-1.20

Service Indicators 2020

Service imports (BoP, current US$)106,296,100,000.00
Service exports (BoP, current US$)90,106,000,000.00
Imports of goods and services (% of GDP)33.18
Exports of goods and services (% of GDP)36.90

Korea, Rep. top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China132,555 25.85
United States74,396 14.51
Vietnam48,543 9.47
Hong Kong, China30,630 5.97
Japan25,092 4.89
Exporter Trade (US$ Mil) Partner share(%)
China108,870 23.29
United States57,765 12.36
Japan46,025 9.84
Germany20,667 4.42
Vietnam20,579 4.40

Korea, Rep. 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 96,045 20.54 14.13
Intermediate goods119,656 23.34 85,079 18.20 2.80
Consumer goods123,894 24.16 118,351 25.32 3.28
Capital goods265,382 51.76 167,945 35.92 1.78

Top 5 Products exports imports at HS 6 digit level

Exports
Monolithic integrate ...82,630,429.85
Petroleum oils, etc, ...23,169,236.41
Automobiles with rec ...15,352,521.98
Parts and accessorie ...13,919,820.51
Parts of electrical ...12,840,862.56
Imports
Petroleum oils and o ...44,461,676.00
Monolithic integrate ...40,313,202.32
Natural gas, liquefi ...15,718,259.61
Petroleum oils, etc, ...12,738,218.72
Apparatus and equipm ...10,352,372.41

Tariff and Trade Barriers for Korea, Rep.

Tariffs 2020

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

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.09
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.09

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All23.10

Non-Tariff Measures (NTM) 2013

No Of NTM Measures (2013)3
No Of NTM Affected Products (HS 6 Digit) (2013)30

Temporary Trade Barriers Database (TTDB) 2013

TTDB »
Temporary Trade Barriers in Effect - Simple Average (2013)0.52
Temporary Trade Barriers in Effect - Weighted Average (2013)0.40

World Development Indicators (WDI)

2020 WDI »
Population51,635,256
GDP (current US$ Mil)1,630,525
GNI per capita, Atlas method (current US$)32,860.00
Trade Balance (current US$ Mil)60,598.00
Trade Balance (% of GDP)3.72

Doing Business

2019 Doing Business »
Ease of Doing Business Rank5
Trading Across Borders Rank36

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.72
LPI Rank24