Exporter Rank

6 / 146

Importer Rank

8 / 145

Trade Balance Rank

4 / 145

Total Trade [1]

Total Exports (2016) $495,417,715,559
Total Imports (2016) $406,181,944,067
Trade Balance (2016) $89,235,771,492
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 $124,432,940,703
United States $66,748,306,308
Hong Kong $32,778,597,167
Vietnam $32,630,457,303
Japan $24,354,463,716
Singapore $12,458,894,152
India $11,596,031,874
Mexico $9,720,803,662
Marshall Islands $7,728,391,109
Malaysia $7,533,346,991

Import Partners

Top 10 Import Countries

Country Import USD$
China $86,978,908,585
Japan $47,466,276,076
United States $43,397,737,410
Germany $18,916,821,536
Saudi Arabia $15,741,673,408
Australia $15,175,004,193
Vietnam $12,495,154,372
Qatar $10,081,308,811
Russia $8,640,611,776
Indonesia $8,285,342,821

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

Top 10 Export Goods

HS Code Export USD$
(85) Electrical Machinery $134,286,758,737
(87) Motor Vehicles & Parts $62,651,437,860
(84) Industrial Machinery $58,228,652,960
(89) Ships & Boats $33,143,837,020
(39) Plastics $27,648,753,374
(90) Precision Instruments $27,643,870,504
(27) Oil & Mineral Fuels $27,492,325,720
(72) Iron & Steel $18,651,252,040
(29) Organic Chemicals $17,923,733,330
(73) Iron & Steel Articles $11,111,630,249

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $81,757,709,010
(85) Electrical Machinery $75,165,808,078
(84) Industrial Machinery $46,038,531,669
(90) Precision Instruments $17,473,782,717
(87) Motor Vehicles & Parts $15,236,919,477
(72) Iron & Steel $14,326,549,203
(29) Organic Chemicals $10,950,574,767
(26) Ores $10,894,521,005
(39) Plastics $10,063,550,200
(38) Chemical Products $6,661,413,779

Sources:

  1. UN Comtrade (2016) except where stated otherwise.
  2. The World Bank. Accessed: 6/29/2018
South Korea