Exporter Rank

4 / 119

Importer Rank

8 / 119

Trade Balance Rank

4 / 119

Total Trade [1]

Total Exports (2018) $604,807,317,420
Total Imports (2018) $535,183,373,387
Trade Balance (2018) $69,623,944,033
Exports of goods and services (% of GDP) (2018) [2] 44.01%
Imports of goods and services (% of GDP) (2018) [2] 38.99%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
China $162,124,667,641
United States $73,043,815,673
Vietnam $48,622,095,399
Hong Kong $45,978,660,772
Japan $30,527,115,779
India $15,606,220,834
Philippines $12,037,254,013
Singapore $11,782,182,254
Mexico $11,458,232,619
Australia $9,610,270,283

Import Partners

Top 10 Import Countries

Country Import USD$
China $106,487,854,094
United States $59,080,559,387
Japan $54,603,331,337
Saudi Arabia $26,335,760,781
Germany $20,853,088,717
Australia $20,717,135,553
Vietnam $19,643,384,556
Russia $17,503,931,608
Qatar $16,293,626,900
Kuwait $12,794,285,041

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

Top 10 Export Goods

HS Code Export USD$
(85) Electrical Machinery $184,588,192,112
(84) Industrial Machinery $77,651,369,348
(87) Motor Vehicles & Parts $61,171,471,704
(27) Oil & Mineral Fuels $47,989,268,394
(39) Plastics $34,914,801,198
(90) Precision Instruments $27,846,384,210
(29) Organic Chemicals $25,339,254,470
(72) Iron & Steel $24,746,009,049
(89) Ships & Boats $20,333,905,278
(73) Iron & Steel Articles $10,488,476,378

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $146,954,046,036
(85) Electrical Machinery $84,776,228,743
(84) Industrial Machinery $60,192,211,826
(90) Precision Instruments $22,421,536,187
(87) Motor Vehicles & Parts $16,829,524,617
(72) Iron & Steel $16,455,078,087
(26) Ores $14,954,866,310
(29) Organic Chemicals $14,214,432,820
(39) Plastics $11,813,403,317
(28) Inorganic Chemicals $9,259,319,039

Sources:

  1. UN Comtrade (2018) except where stated otherwise.
  2. The World Bank. Accessed: 9/30/2019
South Korea