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