Annual International Trade Statistics by Country (HS)
Publication date: 2022-11-14
Reporting period: 2002 - 2021
Timeseries: 194 million
Source:TrendEconomy
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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$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 13.2% (67 billion US$): 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$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 3.91% (20 billion US$): 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 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% ($17.9 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
  • 3.22% ($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
  • 2.08% ($10.6 billion): 8523 - Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, excluding products of Chapter 37
  • 1.64% ($8.41 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
  • 1.54% ($7.92 billion): 8529 - Transmission apparatus; parts suitable for use solely or principally with the apparatus of heading no. 8524 to 8528

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:

  • 20% (94 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
  • 12.2% (57 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.14% (19.3 billion US$): 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$): 29 - Organic chemicals
  • 2.45% (11.4 billion US$): 39 - Plastics and articles thereof
  • 2.37% (11.1 billion US$): 72 - Iron and steel
  • 1.7% (7.96 billion US$): 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
  • 8.61% ($40 billion): 8542 - Electronic integrated circuits and microassemblies
  • 4.04% ($18.9 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.31% ($15.4 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
  • 2.72% ($12.7 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
  • 2.59% ($12.1 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
  • 2.57% ($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
  • 2.02% ($9.48 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 1.62% ($7.57 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
  • 1.48% ($6.93 billion): 2601 - Iron ores and concentrates, including roasted iron pyrites

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