Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2007 - 2018

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The value of 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 main commodity groups:

  • 30% (184 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.8% (77 billion US$): 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$): 39 - Plastics and articles thereof
  • 4.6% (27 billion US$): 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 from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these 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): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 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
  • 1.43% ($8.66 billion): 8486 - Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter

The value of 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 main commodity groups:

  • 27% (146 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 15.8% (84 billion US$): 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
  • 11.2% (60 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.18% (22 billion US$): 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
  • 6.45% ($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 from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 3.15% ($16.8 billion): 8486 - Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines & apparatus specified in note 11 (C) to this Chapter
  • 3.09% ($16.5 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.22% ($11.8 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 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
  • 1.54% ($8.26 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% ($5.4 billion): 2601 - Iron ores and concentrates, including roasted iron pyrites

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