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Korea, Rep. Trade

Latest trade data available from various sources.
Korea, Rep. monthly trade data
Korea, Rep. quarterly trade data

Please note: The data from various sources are not from the same year.

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.

Overall Exports and Imports for Korea, Rep. 2019

  • The total value of exports (FOB) is US$ 542,172 million.
  • The total value of imports (CIF) is US$ 503,263 million.
  • At the HS6 digit level, 4,300 products are exported to 221 countries and 4,472 products are imported from 226 countries.

Top 5 Products exports imports at HS 6 digit level 2019

The top five exported HS 6 digit level products to world by Korea, Rep. along with trade value are:

  • Korea, Rep. exported Monolithic integrated circuits, digital , worth US$ 78,864,707.69 million.
  • Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 39,280,010.51 million.
  • Korea, Rep. exported Automobiles with reciprocating piston engine di , worth US$ 19,698,030.36 million.
  • Korea, Rep. exported Parts and accessories of automatic data process , worth US$ 12,541,351.25 million.
  • Korea, Rep. exported Tankers , worth US$ 12,356,092.82 million.

The top five imported HS 6 digit level products from world by Korea, Rep. along with trade value are

  • Korea, Rep. imported Petroleum oils and oils obtained from bituminou , worth US$ 70,251,768.06 million.
  • Korea, Rep. imported Monolithic integrated circuits, digital , worth US$ 35,742,864.74 million.
  • Korea, Rep. imported Natural gas, liquefied , worth US$ 20,566,591.67 million.
  • Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 17,200,488.86 million.
  • Korea, Rep. imported Bituminous coal, not agglomerated , worth US$ 13,062,448.74 million.

Korea, Rep. top 5 Export and Import partners 2019

The top five countries to which Korea, Rep. exported 2019 along with the partner share in percentage are:

  1. Korea, Rep. exports to China worth US$ 136,203 million, with a partner share of 25.12 percent.
  2. Korea, Rep. exports to United States worth US$ 73,599 million, with a partner share of 13.57 percent.
  3. Korea, Rep. exports to Vietnam worth US$ 48,178 million, with a partner share of 8.89 percent.
  4. Korea, Rep. exports to Hong Kong, China worth US$ 31,906 million, with a partner share of 5.88 percent.
  5. Korea, Rep. exports to Japan worth US$ 28,420 million, with a partner share of 5.24 percent.

The top five countries to which Korea, Rep. imported goods 2019 along with the share in percentage are

  1. Korea, Rep. imports from China worth US$ 107,228 million, with a partner share of 21.31 percent.
  2. Korea, Rep. imports from United States worth US$ 62,105 million, with a partner share of 12.34 percent.
  3. Korea, Rep. imports from Japan worth US$ 47,579 million, with a partner share of 9.45 percent.
  4. Korea, Rep. imports from Saudi Arabia worth US$ 21,841 million, with a partner share of 4.34 percent.
  5. Korea, Rep. imports from Vietnam worth US$ 21,072 million, with a partner share of 4.19 percent.

Korea, Rep. Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2018

Tariffs imposed by Korea, Rep. in 2018 are below.

  • The maximum rate of tariff in percentage on any product is 887.40.
  • The simple average tariff across all products is 5.23.
  • The trade weighted average tariff is 4.83.
  • The total duty free imports in thousands of US dollars are 234,335,059.52 and duty free tariff line items share is 68.57.

Overall Trade Restrictiveness Index (OTRI) 2009

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year 2009 is 0.09.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year 2009 is 0.09.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is 3.
  • No Of NTM Affected Products (HS 6 Digit) is 30.

Temporary Trade Barriers Database (TTDB) 2013.

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  • Temporary Trade Barriers in Effect - Simple Average for the year 2013 is 0.52.
  • Temporary Trade Barriers in Effect - Weighted Average for the year 2013 is 0.40.

Korea, Rep. World Development Indicators (WDI)

Key Development Indicators of Korea, Rep. in are below

WDI

Korea, Rep. Doing Business 2019

  • The ease of doing business rank for Korea, Rep. is 5.
  • The trade across border rank is 36.
Doing Business

Korea, Rep. Country Policy and Institutional Assessment (CPIA),

  • The CPIA Trade Ratings for is not available.
CPIA

Korea, Rep.Logistics Performance Index (LPI) 2016

  • The LPI score for Korea, Rep. in 2016 is 3.72.
  • The LPI rank is 24.
LPI

Korea, Rep. Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Korea, Rep. is 23.10.
SPRD