Overall Exports and Imports for Korea, Rep. 2023
- The total value of exports (FOB) is US$ 631,804 million.
- The total value of imports (CIF) is US$ 642,550 million.
- At the HS6 digit level, 4,268 products are exported to 225 countries and 4,453 products are imported from 228 countries.
Top 5 Products exports imports at HS 6 digit level 2023
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 85,809,142.00 (US$ Thousands).
- Korea, Rep. exported Petroleum oils, etc, (excl. crude); preparation , worth 50,890,325.18 (US$ Thousands).
- Korea, Rep. exported Automobiles nes including gas turbine powered , worth 24,208,179.45 (US$ Thousands).
- Korea, Rep. exported Transmission apparatus, for radioteleph incorpo , worth 21,184,017.00 (US$ Thousands).
- Korea, Rep. exported Automobiles with reciprocating piston engine di , worth 19,280,805.08 (US$ Thousands).
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 86,158,418.65 (US$ Thousands).
- Korea, Rep. imported Monolithic integrated circuits, digital , worth 51,738,321.03 (US$ Thousands).
- Korea, Rep. imported Natural gas, liquefied , worth 36,048,868.66 (US$ Thousands).
- Korea, Rep. imported Petroleum oils, etc, (excl. crude); preparation , worth 22,926,029.09 (US$ Thousands).
- Korea, Rep. imported Bituminous coal, not agglomerated , worth 18,892,800.92 (US$ Thousands).
Korea, Rep. top 5 Export and Import partners 2023
The top five countries to which Korea, Rep. exported 2023 along with the partner share in percentage are:
- Korea, Rep. exports to China worth US$ 124,656 million, with a partner share of 19.73 percent.
- Korea, Rep. exports to United States worth US$ 116,290 million, with a partner share of 18.41 percent.
- Korea, Rep. exports to Vietnam worth US$ 53,474 million, with a partner share of 8.46 percent.
- Korea, Rep. exports to Japan worth US$ 28,997 million, with a partner share of 4.59 percent.
- Korea, Rep. exports to Hong Kong, China worth US$ 25,193 million, with a partner share of 3.99 percent.
The top five countries to which Korea, Rep. imported goods 2023 along with the share in percentage are
- Korea, Rep. imports from China worth US$ 142,854 million, with a partner share of 22.23 percent.
- Korea, Rep. imports from United States worth US$ 71,732 million, with a partner share of 11.16 percent.
- Korea, Rep. imports from Japan worth US$ 47,647 million, with a partner share of 7.42 percent.
- Korea, Rep. imports from Australia worth US$ 32,823 million, with a partner share of 5.11 percent.
- Korea, Rep. imports from Saudi Arabia worth US$ 32,763 million, with a partner share of 5.10 percent.
Korea, Rep. Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Korea, Rep. Raw materials exports are worth US$ 5,527 million, product share of 0.87%.
- Korea, Rep. Raw materials imports are worth US$ 159,193 million, product share of 24.78%.
- Korea, Rep. Intermediate goods exports are worth US$ 151,172 million, product share of 23.93%.
- Korea, Rep. Intermediate goods imports are worth US$ 115,083 million, product share of 17.91%.
- Korea, Rep. Consumer goods exports are worth US$ 184,545 million, product share of 29.21%.
- Korea, Rep. Consumer goods imports are worth US$ 167,097 million, product share of 26.01%.
- Korea, Rep. Capital goods exports are worth US$ 290,515 million, product share of 45.98%.
- Korea, Rep. Capital goods imports are worth US$ 201,083 million, product share of 31.29%.
Korea, Rep. Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.09.
- Index of export market penetration is 0.09.
- World Growth in percentage is 0.09 and Korea, Rep. Country Growth is -5.47.
Korea, Rep. Service Trade data from WDI 2023
- Korea, Rep., Service imports (BoP, current US$) is 152,490,000,000.00.
- Korea, Rep., Service exports (BoP, current US$) is 125,665,900,000.00.
- Korea, Rep., Imports of goods and services as percentage of GDP is 43.94 %.
- Korea, Rep., Exports of goods and services as percentage of GDP is 44.00 %.