Korea, Rep. Trade at a Glance : Most Recent Values

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
Year
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.

2016

Overall Exports and Imports

Exports
Exports (in US$ Mil) 495,418
No. Of products 4,313
No. Of partners 221
Imports
Imports (in US$ Mil) 406,182
No. Of products 4,510
No. Of partners 228

Trade Indicator

HH Market concentration index0.14
Index of export market penetration18.22
World Growth-4.43
Country Growth-6.69

Service Indicators 2016

Service imports (BoP, current US$)110,436,100,000.00
Service exports (BoP, current US$)92,828,100,000.00
Imports of goods and services (% of GDP)35.44
Exports of goods and services (% of GDP)42.24

Korea, Rep. top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China124,433 25.12
United States66,748 13.47
Hong Kong, China32,779 6.62
Vietnam32,630 6.59
Japan24,354 4.92
Exporter Trade (US$ Mil) Partner share(%)
China86,979 21.41
Japan47,466 11.69
United States43,398 10.68
Germany18,917 4.66
Other Asia, nes16,403 4.04

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 materials3,359 0.68 87,925 21.65 10.08
Intermediate goods112,579 22.72 83,656 20.60 3.75
Consumer goods111,400 22.49 95,801 23.59 4.58
Capital goods268,022 54.10 138,800 34.17 1.45

Top 5 Products exports imports at HS 6 digit level

Exports
Monolithic integrate ...52,057,211.25
Petroleum oils, etc, ...25,528,128.37
Automobiles with rec ...22,007,749.58
Tankers16,311,299.96
Optical devices, app ...15,606,609.40
Imports
Petroleum oils and o ...44,294,822.08
Monolithic integrate ...29,864,305.29
Natural gas, liquefi ...12,169,979.55
Petroleum oils, etc, ...11,744,028.59
Bituminous coal, not ...8,167,821.30

Tariff and Trade Barriers for Korea, Rep.

Tariffs 2015

No. Of Tariff Agreement 28
Simple Average (%) 6.05
Duty Free Imports (US$ Thousand) 242,668,878.58
Maximum Rate (%) 887.40
Weighted Average (%) 5.72
Duty Free Tariff Lines Share (%) 64.82

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)

2016 WDI »
Population51,245,707
GDP (current US$ Mil)1,411,246
GNI per capita, Atlas method (current US$)27,600.00
Trade Balance (current US$ Mil)95,912.00
Trade Balance (% of GDP)6.80

Doing Business

2018 Doing Business »
Ease of Doing Business Rank4
Trading Across Borders Rank33

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.72
LPI Rank24