South Korea
ECON COMPLEXITY (2018)
1.85
RANK 5 OF 137
PRODUCT EXPORTS (2018)
$617B
RANK 5 OF 222
EXPORTS PER CAPITA (2018)
$11.9K
RANK 63 OF 219
PRODUCT IMPORTS (2018)
$509B
RANK 10 OF 221
IMPORTS PER CAPITA (2018)
$9.87K
RANK 65 of 219
SERVICE EXPORTS (2018)
$96.3B
RANK 8 OF 88
SERVICE IMPORTS (2018)
$118B
RANK 8 OF 88
GDP (2018)
$1.62T
CURRENT US$
RANK 12 OF 196
GDP GROWTH (2008-2018)
61.6%
CURRENT US$
RANK 69 OF 196
GDP PC (2018)
$31,363
CURRENT US$
RANK 34 OF 196
GDP PC GROWTH (2008-2018)
53.5%
CURRENT US$
RANK 42 OF 196
Overview: This page contains the latest international trade data for South Korea, including service trade data, and tariffs. In 2018 South Korea was the number 12 economy in the world in terms of GDP (current US$), the number 5 in total exports, the number 10 in total imports, and the number 5 most complex economy according to the Economic Complexity Index (ECI). In 2018, South Korea exported $617B and imported $509B, resulting in a positive trade balance of $107B. In 2018, South Korea’s exports per capita were $11.9k and its imports per capita were $9.87k.
Trade: The top exports of South Korea are Integrated Circuits ($113B), Refined Petroleum ($43.6B), Cars ($38.7B), Vehicle Parts ($19B), and Office Machine Parts ($18.8B). The top imports of South Korea are Crude Petroleum ($74.8B), Integrated Circuits ($32B), Petroleum Gas($23B), Refined Petroleum ($20.2B), and Coal Briquettes ($14.1B).
Destinations: South Korea exports mostly to China ($160B), United States ($73.1B), Vietnam ($48.6B), Hong Kong ($44.5B), and Japan($30.8B), and imports mostly from China ($107B), United States($55.8B), Japan ($51.5B), Saudi Arabia ($23.5B), and Germany ($20.4B).
Location: South Korea borders North Korea by land and China and Japan by sea.
Exports
In 2018 South Korea exported a total of $617B, making it the number 5 exporter in the world. During the last five reported years the exports of South Korea have changed by $43.8B from $573B in 2013 to $617B in 2018.
The most recent exports are led by Integrated Circuits ($113B), Refined Petroleum ($43.6B), Cars ($38.7B), Vehicle Parts ($19B), and Office Machine Parts ($18.8B).
Imports
In 2018 South Korea imported $509B, making it the number 10 trade destination in the world. During the last five reported years the imports of South Korea changed by $12.6B from $497B in 2013 to $509B in 2018.
The most recent imports of South Korea are led by Crude Petroleum ($74.8B), Integrated Circuits ($32B), Petroleum Gas ($23B), Refined Petroleum ($20.2B), and Coal Briquettes ($14.1B).
Trade Balance
As of 2018 South Korea had a positive trade balance of $124B in net exports. As compared to their trade balance in 1995 when they had a negative trade balance of $1.75B in net imports.
Destinations
The most common destination for the exports of South Korea are China ($160B), United States ($73.1B), Vietnam ($48.6B), Hong Kong ($44.5B), and Japan ($30.8B).
Origins
The most common import partners for South Korea are China ($107B), United States ($55.8B), Japan ($51.5B), Saudi Arabia ($23.5B), and Germany ($20.4B).