South Korea: Trade Statistics
Exporter Rank
7 / 127
Importer Rank
9 / 127
Trade Balance Rank
12 / 127
Total Trade [1]
| Total Exports (2019) | $542,171,769,089 |
|---|---|
| Total Imports (2019) | $503,262,910,727 |
| Trade Balance (2019) | $38,908,858,362 |
| Exports of goods and services (% of GDP) (2020) [2] | 36.45% |
| Imports of goods and services (% of GDP) (2020) [2] | 32.77% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
| Country | Export USD$ |
|---|---|
| China | $136,202,533,208 |
| United States | $73,598,903,629 |
| Vietnam | $48,177,748,735 |
| Hong Kong | $31,905,989,747 |
| Japan | $28,420,167,955 |
| India | $15,096,301,413 |
| Singapore | $12,768,033,796 |
| Mexico | $10,927,015,738 |
| Malaysia | $8,843,498,727 |
| Germany | $8,685,311,599 |
Import Partners
Top 10 Import Countries
| Country | Import USD$ |
|---|---|
| China | $107,228,162,271 |
| United States | $62,105,137,072 |
| Japan | $47,579,038,346 |
| Saudi Arabia | $21,840,580,617 |
| Vietnam | $21,071,556,716 |
| Australia | $20,597,431,875 |
| Germany | $19,935,327,456 |
| Russia | $14,566,506,642 |
| Qatar | $13,036,552,800 |
| Kuwait | $10,771,087,663 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
| HS Code | Export USD$ |
|---|---|
| (85) Electrical Machinery | $153,629,451,349 |
| (84) Industrial Machinery | $70,903,773,896 |
| (87) Motor Vehicles & Parts | $62,862,613,152 |
| (27) Oil & Mineral Fuels | $42,179,134,817 |
| (39) Plastics | $32,594,241,563 |
| (72) Iron & Steel | $23,097,606,564 |
| (90) Precision Instruments | $20,996,917,226 |
| (29) Organic Chemicals | $20,985,747,732 |
| (89) Ships & Boats | $18,887,689,391 |
| (73) Iron & Steel Articles | $9,179,350,145 |
Top 10 Import Goods
| HS Code | Import USD$ |
|---|---|
| (27) Oil & Mineral Fuels | $127,341,413,548 |
| (85) Electrical Machinery | $89,700,244,655 |
| (84) Industrial Machinery | $51,630,526,767 |
| (90) Precision Instruments | $18,478,452,069 |
| (87) Motor Vehicles & Parts | $16,692,517,119 |
| (72) Iron & Steel | $15,677,923,591 |
| (26) Ores | $15,094,232,168 |
| (29) Organic Chemicals | $12,694,248,562 |
| (39) Plastics | $11,516,981,748 |
| (38) Chemical Products | $8,164,153,495 |
Sources:
- UN Comtrade (2019) except where stated otherwise.
- The World Bank. Accessed: 1/21/2022
South Korea