Annual International Trade Statistics
Publication date: 2019-05-19
Reporting period: 2002 - 2018
Timeseries: 164 million
Source:UN Comtrade
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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) | 2007 - 2018

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Commodities Reporter Partner Trade flow Indicator 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
TOTAL. ALL COMMODITIES Korea World Exports Value (US$) 371 477 103 604.00 422 003 479 066.00 363 531 063 379.00 466 380 619 660.00 555 208 897 965.00 547 854 447 999.00 559 618 558 899.00 573 074 773 090.00 526 753 006 361.00 495 417 715 559.00 573 627 368 937.00 604 807 317 420.00
Imports Value (US$) 356 841 657 966.00 435 270 540 291.00 323 081 674 754.00 425 208 007 078.00 524 405 223 775.00 519 575 597 289.00 515 572 970 448.00 525 556 977 998.00 436 486 934 609.00 406 181 944 067.00 478 469 167 573.00 535 183 373 387.00

The value of total merchandise exports from Korea totalled $ 604 billion in 2018. Merchandise exports from Korea increased by 5.43% compared to 2017. Goods exports grew up by $ 31 billion in 2018 (the value of merchandise exports from Korea amounted to $573 billion in 2017)

Korea's exports 2018 by country

Top export destinations of commodities from Korea in 2018:

  • China with a share of 26% (162 billion US$)
  • USA with a share of 12% (73 billion US$)
  • Vietnam with a share of 8.03% (48 billion US$)
  • Hong-Kong with a share of 7.6% (45 billion US$)
  • Japan with a share of 5.04% (30 billion US$)
  • Other Asia, nes with a share of 3.43% (20 billion US$)
  • India with a share of 2.58% (15.6 billion US$)
  • Philippines with a share of 1.99% (12 billion US$)
  • Singapore with a share of 1.94% (11.7 billion US$)
  • Mexico with a share of 1.89% (11.4 billion US$)

Exports structure from Korea in 2018 represented by the following commodity groups:

  • 30% (183 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.7% (77 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10.1% (61 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 7.93% (47 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.77% (34 billion US$): 39 - Plastics and articles thereof
  • 4.79% (29 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 4.18% (25 billion US$): 29 - Organic chemicals
  • 4.09% (24 billion US$): 72 - Iron and steel
  • 3.36% (20 billion US$): 89 - Ships, boats and floating structures
  • 1.73% (10.4 billion US$): 73 - Articles of iron or steel

What did Korea export in 2018?

Korea's Top Exports in 2018:

  • 18.1% ($109 billion): 8542 - Electronic integrated circuits and microassemblies.
  • 7.39% ($44 billion): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
  • 6.32% ($38 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
  • 3.22% ($19.4 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
  • 2.61% ($15.7 billion): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
  • 2.35% ($14.2 billion): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
  • 2.22% ($13.4 billion): 9013 - Liquid crystal devices not constituting articles provided for more specifically in other headings; lasers, other than laser diodes; other optical appliances and instruments, not specified or included elsewhere in this Chapter.
  • 2% ($12.1 billion): 8473 - Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72.
  • 1.86% ($11.2 billion): 2902 - Cyclic hydrocarbons.
  • 1.35% ($8.17 billion): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.

The value of total merchandise imports to Korea totalled $ 535 billion in 2018. Merchandise imports to Korea increased by 11.8% compared to 2017. Goods imports grew up by $ 56 billion in 2018 (the value of merchandise imports to Korea was equal to $478 billion in 2017)

Korea's imports 2018 by country

Top trading partners (import sources) of Korea in 2018:

  • China with a share of 19.8% (106 billion US$)
  • USA with a share of 11% (59 billion US$)
  • Japan with a share of 10.2% (54 billion US$)
  • Saudi Arabia with a share of 4.92% (26 billion US$)
  • Germany with a share of 3.89% (20 billion US$)
  • Australia with a share of 3.87% (20 billion US$)
  • Vietnam with a share of 3.67% (19.6 billion US$)
  • Russia with a share of 3.27% (17.5 billion US$)
  • Other Asia, nes with a share of 3.12% (16.7 billion US$)
  • Qatar with a share of 3.04% (16.2 billion US$)

Imports structure to Korea in 2018 represented by the following commodity groups:

  • 27% (146 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 15.7% (84 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 9.12% (48 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.43% (34 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.14% (16.8 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.07% (16.4 billion US$): 72 - Iron and steel
  • 2.79% (14.9 billion US$): 26 - Ores, slag and ash
  • 2.65% (14.2 billion US$): 29 - Organic chemicals
  • 2.2% (11.8 billion US$): 39 - Plastics and articles thereof
  • 1.73% (9.25 billion US$): 28 - Inorganic chemicals; organic or inorganic compounds of precious metals, of rare earth metals, of radioactive elements or of isotopes

What did Korea import in 2018?

Korea's Top Imports in 2018:

  • 15% ($80 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude.
  • 6.46% ($34 billion): 8542 - Electronic integrated circuits and microassemblies.
  • 5.06% ($27 billion): 2711 - Petroleum gases and other gaseous hydrocarbons.
  • 3.92% ($21 billion): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
  • 3.09% ($16.5 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
  • 2.25% ($12 billion): 9010 - Apparatus and equipment for photographic (including cinematographic) laboratories (including apparatus for the projection or drawing of circuit patterns on sensitised semiconductor materials), not specified or included elsewhere in this Chapter; negatoscopes; projection screens.
  • 2.09% ($11.2 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
  • 1.75% ($9.4 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
  • 1.34% ($7.17 billion): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
  • 1.32% ($7.09 billion): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.

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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) | 2007 - 2018