South Korea: Trade Statistics
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:
- UN Comtrade (2018) except where stated otherwise.
- The World Bank. Accessed: 1/12/2020
South Korea