Exporter Rank

5 / 121

Importer Rank

8 / 121

Trade Balance Rank

4 / 121

Total Trade [1]

Total Exports (2017) $573,627,368,937
Total Imports (2017) $478,469,167,573
Trade Balance (2017) $95,158,201,364
Exports of goods and services (% of GDP) (2017) [2] 43.09%
Imports of goods and services (% of GDP) (2017) [2] 37.69%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $142,119,046,217
United States $68,852,265,159
Vietnam $47,753,837,501
Hong Kong $39,059,145,761
Japan $26,814,294,012
Australia $19,861,457,998
India $15,055,543,131
Singapore $11,651,933,043
Mexico $10,932,591,461
Philippines $10,593,712,965

Import Partners

Top 10 Import Countries

Country Import USD$
China $97,859,480,414
Japan $55,124,445,143
United States $50,908,004,200
Germany $19,748,244,797
Saudi Arabia $19,590,479,699
Australia $19,158,973,705
Vietnam $16,176,991,730
Russia $12,039,456,724
Qatar $11,267,090,119
Kuwait $9,593,955,251

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

Top 10 Export Goods

HS Code Export USD$
(85) Electrical Machinery $163,060,810,755
(84) Industrial Machinery $69,309,971,807
(87) Motor Vehicles & Parts $61,918,872,991
(89) Ships & Boats $40,989,031,892
(27) Oil & Mineral Fuels $36,401,258,319
(39) Plastics $31,481,382,713
(90) Precision Instruments $29,006,989,902
(29) Organic Chemicals $22,691,690,625
(72) Iron & Steel $22,330,318,765
(73) Iron & Steel Articles $13,079,995,439

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $109,954,124,116
(85) Electrical Machinery $82,864,263,625
(84) Industrial Machinery $60,545,296,450
(90) Precision Instruments $21,659,246,075
(72) Iron & Steel $16,544,186,046
(87) Motor Vehicles & Parts $15,720,828,930
(26) Ores $14,208,149,431
(29) Organic Chemicals $12,751,505,020
(39) Plastics $11,104,980,547
(38) Chemical Products $7,481,190,816

Sources:

  1. UN Comtrade (2017) except where stated otherwise.
  2. The World Bank. Accessed: 9/22/2018
South Korea