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

Country / Region
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.



Overall Exports and Imports

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

Trade Indicator

HH Market concentration index0.12
Index of export market penetration21.29
World Growth12.59
Country Growth12.23

Service Indicators 2021

Service imports (BoP, current US$)125,235,200,000.00
Service exports (BoP, current US$)119,948,500,000.00
Imports of goods and services (% of GDP)38.46
Exports of goods and services (% of GDP)42.04

Korea, Rep. 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

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 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

Top 5 Products exports imports at HS 6 digit level

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
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

Tariff and Trade Barriers for Korea, Rep.

Tariffs 2021

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

Overall Trade Restrictiveness Index (OTRI) 2009

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

Services Service Policy Restrictive Database (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

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

World Development Indicators (WDI)

2021 WDI »
GDP (current US$ Mil)1,810,956
GNI per capita, Atlas method (current US$)35,110.00
Trade Balance (current US$ Mil)64,808.00
Trade Balance (% of GDP)3.58

Doing Business

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

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.72
LPI Rank24