Annual International Trade Statistics by Country (HS02)
Publication date: 2021-08-09
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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Commodity Reporter Partner Trade flow Indicator 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
TOTAL. ALL COMMODITIES Korea World Exports Value (US$) 363 531 063 379.00 466 380 619 660.00 555 208 897 965.00 547 854 447 999.00 559 618 558 899.00 573 074 773 090.00 526 753 006 361.00 495 417 715 559.00 573 627 368 937.00 604 807 317 420.00 542 171 769 089.00 512 709 856 024.00
Value Growth, YoY (%) -13.855 28.291 19.046 -1.324 2.147 2.404 -8.083 -5.948 15.786 5.435 -10.356 -5.434
Imports Value (US$) 323 081 674 754.00 425 208 007 078.00 524 405 223 775.00 519 575 597 289.00 515 572 970 448.00 525 556 977 998.00 436 486 934 609.00 406 181 944 067.00 478 469 167 573.00 535 183 373 387.00 503 262 910 727.00 467 498 278 739.00
Value Growth, YoY (%) -25.774 31.61 23.329 -0.92 -0.77 1.936 -16.947 -6.942 17.796 11.853 -5.964 -7.106

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