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KOR; Trade at a Glance : Most Recent Values

Latest trade data available from various sources.
KOR; monthly trade data
KOR; quarterly trade data

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

Year

KOR; exports, imports, trade and tariff indicators 2023

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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KOR; Trade

Overall Exports and Imports for KOR; 2024

The total value of exports (FOB) is US$ 683,127 million.
The total value of imports (CIF) is US$ 631,727 million.
The total trade was US$ 1,314,854 million.
The trade balance was US$ 51,400 million.

China Monthly Exports and imports, in Dec 2024

The total value of exports (FOB) is US$ 61,331,068 K.
The total value of imports (CIF) is US$ 54,862,849 K.
The total trade was US$ 116,193,917 K.
The trade balance was US$ 6,468,219 K.

KOR; 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 KOR; Country Growth is -5.47.

KOR; Service Trade data from WDI 2023

KOR;, Service imports (BoP, current US$) is 152,490,000,000.00.
KOR;, Service exports (BoP, current US$) is 125,665,900,000.00.
KOR;, Imports of goods and services as percentage of GDP is 43.94 %.
KOR;, Exports of goods and services as percentage of GDP is 44.00 %.

Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by KOR; in 2023 are below.

The maximum rate of tariff in percentage on any product is 887.40.
The simple average tariff across all products is 5.80.
The trade weighted average tariff is 5.82.
The total duty free imports in thousands of US dollars are 347,544,875 and duty free tariff line items share is 68.44.

KOR; Foreign Direct Investment (FDI) 2024

FDI Inward stock (in US$ Mil) was US$ 286,988 million.
FDI Inward stock flow (in US$ Mil) was US$ 15,226 million.
FDI Outward stock (in US$ Mil) was US$ 762,647 million.
FDI Outward stock flow (in US$ Mil) was US$ 48,589 million.

Non-Tariff Measures (NTM)

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

KOR; World Development Indicators (WDI) 2023

Key Development Indicators of KOR; in 2023 are below

The population of KOR; is 51,635,256.
GDP in US$ is 1,712,793 million .
GNI per capita, Atlas method in current US dollars is 35,490.00.
Trade balance in US$ is 885.00 million.
Trade in services as percentage of GDP is 0.05 %.

WDI

KOR; Global Value Chain (GVC) 2022

GVC related output as percentage of output was not available.
GVC related trade as percentage of trade was 56 %.

GVC

KOR; Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index (Over All) for KOR; is 23.10.

SPRD