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 (%) | 2008 - 2019

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The value of merchandise exports from Korea totalled $ 542 billion in 2019. Overall commodity exports from Korea decreased by 10.3% compared to 2018. Merchandise exports decreased by $ 62 billion (the value of merchandise exports from Korea amounted to $604 billion in 2018)

Korea's exports 2019 by country

Top export destinations of commodities from Korea in 2019:

  • China with a share of 25% (136 billion US$)
  • USA with a share of 13.5% (73 billion US$)
  • Vietnam with a share of 8.88% (48 billion US$)
  • Hong Kong with a share of 5.88% (31 billion US$)
  • Japan with a share of 5.24% (28 billion US$)
  • Other Asia, nes with a share of 2.88% (15.6 billion US$)
  • India with a share of 2.78% (15 billion US$)
  • Singapore with a share of 2.35% (12.7 billion US$)
  • Mexico with a share of 2.01% (10.9 billion US$)
  • Malaysia with a share of 1.63% (8.84 billion US$)

Exports structure from Korea in 2019 represented by the following main commodity groups:

  • 28% (153 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 13% (70 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 11.5% (62 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 7.77% (42 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.01% (32 billion US$): 39 - Plastics and articles thereof
  • 4.26% (23 billion US$): 72 - Iron and steel
  • 3.87% (20 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.87% (20 billion US$): 29 - Organic chemicals
  • 3.48% (18.8 billion US$): 89 - Ships, boats and floating structures
  • 1.69% (9.17 billion US$): 73 - Articles of iron or steel

What did Korea export in 2019?

Korea's Top Exports in 2019:

  • 14.5% ($79 billion): 8542 - Electronic integrated circuits and microassemblies
  • 7.46% ($40 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
  • 7.24% ($39 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
  • 3.5% ($18.9 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 3.29% ($17.8 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
  • 3.15% ($17.1 billion): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
  • 2.1% ($11.3 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
  • 1.87% ($10.1 billion): 8529 - Transmission apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8524 to 8528
  • 1.66% ($9.02 billion): 2902 - Cyclic hydrocarbons
  • 1.44% ($7.85 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 $ 503 billion in 2019. Overall commodity imports to Korea decreased by 5.96% compared to 2018. Merchandise imports decreased by $ 31 billion (the value of merchandise imports to Korea was equal to $535 billion in 2018)

Korea's imports 2019 by country

Top trading partners (import sources) of Korea in 2019:

  • China with a share of 21% (107 billion US$)
  • USA with a share of 12.3% (62 billion US$)
  • Japan with a share of 9.45% (47 billion US$)
  • Saudi Arabia with a share of 4.33% (21 billion US$)
  • Vietnam with a share of 4.18% (21 billion US$)
  • Australia with a share of 4.09% (20 billion US$)
  • Germany with a share of 3.96% (19.9 billion US$)
  • Other Asia, nes with a share of 3.12% (15.7 billion US$)
  • Russia with a share of 2.89% (14.5 billion US$)
  • Qatar with a share of 2.59% (13 billion US$)

Imports structure to Korea in 2019 represented by the following main commodity groups:

  • 25% (127 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 17.8% (89 billion US$): 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
  • 10.2% (51 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.67% (18.4 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.31% (16.6 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.11% (15.6 billion US$): 72 - Iron and steel
  • 2.99% (15 billion US$): 26 - Ores, slag and ash
  • 2.52% (12.6 billion US$): 29 - Organic chemicals
  • 2.28% (11.5 billion US$): 39 - Plastics and articles thereof
  • 1.62% (8.16 billion US$): 38 - Miscellaneous chemical products

What did Korea import in 2019?

Korea's Top Imports in 2019:

  • 13.9% ($70 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 7.09% ($35 billion): 8542 - Electronic integrated circuits and microassemblies
  • 4.8% ($24 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.41% ($17.2 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
  • 2.8% ($14 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.55% ($12.8 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
  • 2.2% ($11.1 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
  • 1.79% ($9.03 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
  • 1.38% ($6.95 billion): 2601 - Iron ores and concentrates, including roasted iron pyrites
  • 1.33% ($6.7 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

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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2008 - 2019