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) 604,807
No. Of products 4,312
No. Of partners 223
Imports (in US$ Mil) 535,183
No. Of products 4,486
No. Of partners 230

Trade Indicator

HH Market concentration index0.14
Index of export market penetration19.65
World Growth3.50
Country Growth-0.85

Service Indicators 2018

Service imports (BoP, current US$)128,794,300,000.00
Service exports (BoP, current US$)99,057,200,000.00
Imports of goods and services (% of GDP)38.99
Exports of goods and services (% of GDP)44.01

Korea, Rep. top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China162,125 26.81
United States73,044 12.08
Vietnam48,622 8.04
Hong Kong, China45,979 7.60
Japan30,527 5.05
Exporter Trade (US$ Mil) Partner share(%)
China106,488 19.90
United States59,081 11.04
Japan54,603 10.20
Saudi Arabia26,336 4.92
Germany20,853 3.90

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 materials3,755 0.62 140,788 26.31 8.81
Intermediate goods141,488 23.39 98,002 18.31 2.91
Consumer goods138,545 22.91 131,651 24.60 3.63
Capital goods320,970 53.07 164,645 30.76 2.10

Top 5 Products exports imports at HS 6 digit level

Monolithic integrate ...109,522,362.49
Petroleum oils, etc, ...44,715,350.78
Automobiles with rec ...19,610,960.95
Parts and accessorie ...18,501,092.96
Optical devices, app ...11,785,603.59
Petroleum oils and o ...80,393,245.33
Monolithic integrate ...34,575,317.38
Natural gas, liquefi ...23,188,916.22
Petroleum oils, etc, ...21,023,454.00
Bituminous coal, not ...14,668,105.26

Tariff and Trade Barriers for Korea, Rep.

Tariffs 2018

No. Of Tariff Agreement 27
Simple Average (%) 5.23
Duty Free Imports (US$ Thousand) 234,335,059.52
Maximum Rate (%) 887.40
Weighted Average (%) 4.83
Duty Free Tariff Lines Share (%) 68.57

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)

2018 WDI »
GDP (current US$ Mil)1,619,424
GNI per capita, Atlas method (current US$)30,600.00
Trade Balance (current US$ Mil)81,236.00
Trade Balance (% of GDP)5.02

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