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South Korea: Trade Statistics

Exporter Rank

7 / 138

Importer Rank

9 / 138

Trade Balance Rank

18 / 138

Total Trade [1]

Total Exports (2021) $644,411,147,014
Total Imports (2021) $615,013,706,965
Trade Balance (2021) $29,397,440,049
Exports of goods and services (% of GDP) (2022) [2] 48.26%
Imports of goods and services (% of GDP) (2022) [2] 48.53%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $162,919,704,314
United States $96,306,578,093
Vietnam $56,729,065,077
Hong Kong $37,470,039,626
Japan $30,063,087,832
India $15,604,219,971
Singapore $14,175,178,144
Mexico $11,289,114,769
Germany $11,102,354,458
Malaysia $10,104,931,093

Import Partners

Top 10 Import Countries

Country Import USD$
China $138,621,401,583
United States $73,656,645,158
Japan $54,636,057,897
Australia $32,912,732,464
Saudi Arabia $24,271,133,844
Vietnam $23,965,702,008
Germany $21,990,988,262
Russia $17,350,763,358
Qatar $11,610,985,393
Indonesia $10,727,452,911

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(85) Electrical Machinery $200,785,554,062
(84) Industrial Machinery $76,018,202,153
(87) Motor Vehicles & Parts $67,015,409,932
(39) Plastics $43,195,813,500
(27) Oil & Mineral Fuels $40,014,941,647
(72) Iron & Steel $27,937,067,504
(29) Organic Chemicals $23,490,286,258
(90) Precision Instruments $22,275,488,987
(89) Ships & Boats $22,024,826,320
(73) Iron & Steel Articles $9,797,190,703

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $137,563,346,649
(85) Electrical Machinery $114,789,623,203
(84) Industrial Machinery $69,100,067,661
(26) Ores $24,592,122,121
(90) Precision Instruments $22,487,033,163
(87) Motor Vehicles & Parts $20,017,148,344
(72) Iron & Steel $18,490,628,110
(29) Organic Chemicals $15,972,925,514
(39) Plastics $14,175,367,785
(28) Inorganic Chemicals $11,024,343,503

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
South Korea