Annual International Trade Statistics by Country (HS02)
Publication date: 2021-11-14
Reporting period: 2002 - 2020
Timeseries: 177 million
Source:UN Comtrade
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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020

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2020
TOTAL. ALL COMMODITIESKoreaWorldExportsValue (US$)363,531,063,379.00466,380,619,660.00555,208,897,965.00547,854,447,999.00559,618,558,899.00573,074,773,090.00526,753,006,361.00495,417,715,559.00573,627,368,937.00604,807,317,420.00542,171,769,089.00512,709,856,024.00
Value Growth, YoY (%)-13.8528.2919.04-1.322.142.40-8.08-5.9415.785.43-10.35-5.43
ImportsValue (US$)323,081,674,754.00425,208,007,078.00524,405,223,775.00519,575,597,289.00515,572,970,448.00525,556,977,998.00436,486,934,609.00406,181,944,067.00478,469,167,573.00535,183,373,387.00503,262,910,727.00467,498,278,739.00
Value Growth, YoY (%)-25.7731.6123.32-0.92-0.771.93-16.94-6.9417.7911.85-5.96-7.10

The value of merchandise exports from Korea totalled $ 512 billion in 2020. Overall commodity exports from Korea decreased by 5.43% compared to 2019. Merchandise exports decreased by $ 29 billion (the value of merchandise exports from Korea amounted to $542 billion in 2019)

Korea's exports 2020 by country

Top export destinations of commodities from Korea in 2020:

  • China with a share of 25% (132 billion US$)
  • USA with a share of 14.5% (74 billion US$)
  • Vietnam with a share of 9.46% (48 billion US$)
  • Hong Kong with a share of 5.97% (30 billion US$)
  • Japan with a share of 4.89% (25 billion US$)
  • Other Asia, nes with a share of 3.21% (16.4 billion US$)
  • India with a share of 2.33% (11.9 billion US$)
  • Singapore with a share of 1.91% (9.82 billion US$)
  • Germany with a share of 1.86% (9.57 billion US$)
  • Malaysia with a share of 1.77% (9.07 billion US$)

Exports structure from Korea in 2020 represented by the following main commodity groups:

  • 31% (159 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.9% (66 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10.5% (54 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 6.15% (31 billion US$): 39 - Plastics and articles thereof
  • 4.95% (25 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.28% (21 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.85% (19.7 billion US$): 72 - Iron and steel
  • 3.65% (18.7 billion US$): 89 - Ships, boats and floating structures
  • 2.99% (15.3 billion US$): 29 - Organic chemicals
  • 1.54% (7.92 billion US$): 73 - Articles of iron or steel

What did Korea export in 2020?

Korea's Top Exports in 2020:

  • 16.1% ($82 billion): 8542 - Electronic integrated circuits and microassemblies.
  • 6.95% ($35 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.
  • 4.51% ($23 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.
  • 3.22% ($16.5 billion): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods.
  • 3.07% ($15.7 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
  • 2.59% ($13.2 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.
  • 2.5% ($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.
  • 2.24% ($11.4 billion): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
  • 2.07% ($10.6 billion): 8523 - Prepared unrecorded media for sound recording or similar recording of other phenomena, other than products of Chapter 37.
  • 1.54% ($7.92 billion): 8529 - Parts suitable for use solely or principally with the apparatus of headings 85.25 to 85.28.

The value of merchandise imports to Korea totalled $ 467 billion in 2020. Overall commodity imports to Korea decreased by 7.1% compared to 2019. Merchandise imports decreased by $ 35 billion (the value of merchandise imports to Korea was equal to $503 billion in 2019)

Korea's imports 2020 by country

Top trading partners (import sources) of Korea in 2020:

  • China with a share of 23% (108 billion US$)
  • USA with a share of 12.3% (57 billion US$)
  • Japan with a share of 9.84% (46 billion US$)
  • Germany with a share of 4.42% (20 billion US$)
  • Vietnam with a share of 4.4% (20 billion US$)
  • Australia with a share of 4% (18.7 billion US$)
  • Other Asia, nes with a share of 3.81% (17.8 billion US$)
  • Saudi Arabia with a share of 3.41% (15.9 billion US$)
  • Russia with a share of 2.27% (10.6 billion US$)
  • Malaysia with a share of 1.9% (8.89 billion US$)

Imports structure to Korea in 2020 represented by the following main commodity groups:

  • 19.9% (93 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 18.5% (86 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 10.2% (47 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.34% (29 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.89% (18.2 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.4% (15.8 billion US$): 26 - Ores, slag and ash
  • 2.58% (12 billion US$): 29 - Organic chemicals
  • 2.46% (11.5 billion US$): 39 - Plastics and articles thereof
  • 2.37% (11.1 billion US$): 72 - Iron and steel
  • 1.7% (7.95 billion US$): 30 - Pharmaceutical products

What did Korea import in 2020?

Korea's Top Imports in 2020:

  • 9.51% ($44 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude.
  • 8.63% ($40 billion): 8542 - Electronic integrated circuits and microassemblies.
  • 4.04% ($18.9 billion): 2711 - Petroleum gases and other gaseous hydrocarbons.
  • 2.72% ($12.7 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.
  • 2.57% ($12 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.
  • 2.21% ($10.3 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.
  • 2.02% ($9.48 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
  • 1.87% ($8.75 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.
  • 1.75% ($8.22 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.
  • 1.56% ($7.32 billion): 8479 - Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.

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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020