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 (%) | 2010 - 2021

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The value of merchandise exports from Korea totalled $ 644 billion in 2021. Merchandise exports from Korea increased by 25% compared to 2020. Goods exports grew up by $ 131 billion in 2021 (the value of merchandise exports from Korea amounted to $512 billion in 2020)

Korea's exports 2021 by country

Top export destinations of commodities from Korea in 2021:

  • China with a share of 25% (162 billion US$)
  • USA with a share of 14.9% (96 billion US$)
  • Vietnam with a share of 8.8% (56 billion US$)
  • Hong Kong with a share of 5.81% (37 billion US$)
  • Japan with a share of 4.66% (30 billion US$)
  • Other Asia, nes with a share of 3.76% (24 billion US$)
  • India with a share of 2.42% (15.6 billion US$)
  • Singapore with a share of 2.19% (14.1 billion US$)
  • Mexico with a share of 1.75% (11.2 billion US$)
  • Germany with a share of 1.72% (11.1 billion US$)

Exports structure from Korea in 2021 represented by the following main commodity groups:

  • 31% (200 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 11.7% (76 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10.3% (67 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 6.7% (43 billion US$): 39 - Plastics and articles thereof
  • 6.2% (40 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 4.33% (27 billion US$): 72 - Iron and steel
  • 3.64% (23 billion US$): 29 - Organic chemicals
  • 3.45% (22 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.41% (22 billion US$): 89 - Ships, boats and floating structures
  • 1.52% (9.79 billion US$): 73 - Articles of iron or steel

What did Korea export in 2021?

Korea's Top Exports in 2021:

  • 16.9% ($109 billion): 8542 - Electronic integrated circuits and microassemblies
  • 6.87% ($44 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
  • 5.74% ($37 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
  • 3.41% ($21 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
  • 2.98% ($19.2 billion): 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05
  • 2.6% ($16.7 billion): 8901 - Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
  • 2.35% ($15.1 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
  • 2.12% ($13.7 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
  • 1.43% ($9.27 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
  • 1.34% ($8.67 billion): 8507 - Electric accumulators, including separators therefor, whether or not rectangular (including square)

The value of merchandise imports to Korea totalled $ 615 billion in 2021. Merchandise imports to Korea increased by 31% compared to 2020. Goods imports grew up by $ 147 billion in 2021 (the value of merchandise imports to Korea was equal to $467 billion in 2020)

Korea's imports 2021 by country

Top trading partners (import sources) of Korea in 2021:

  • China with a share of 22% (138 billion US$)
  • USA with a share of 11.9% (73 billion US$)
  • Japan with a share of 8.88% (54 billion US$)
  • Australia with a share of 5.35% (32 billion US$)
  • Saudi Arabia with a share of 3.94% (24 billion US$)
  • Vietnam with a share of 3.89% (23 billion US$)
  • Other Asia, nes with a share of 3.81% (23 billion US$)
  • Germany with a share of 3.57% (21 billion US$)
  • Russia with a share of 2.82% (17.3 billion US$)
  • Qatar with a share of 1.88% (11.6 billion US$)

Imports structure to Korea in 2021 represented by the following main commodity groups:

  • 22% (137 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 18.6% (114 billion US$): 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% (69 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.99% (24 billion US$): 26 - Ores, slag and ash
  • 3.65% (22 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.25% (20 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3% (18.4 billion US$): 72 - Iron and steel
  • 2.59% (15.9 billion US$): 29 - Organic chemicals
  • 2.3% (14.1 billion US$): 39 - Plastics and articles thereof
  • 1.79% (11 billion US$): 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 2021?

Korea's Top Imports in 2021:

  • 10.8% ($67 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 8.18% ($50 billion): 8542 - Electronic integrated circuits and microassemblies
  • 5.01% ($30 billion): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 3.82% ($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
  • 3.61% ($22 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
  • 2.36% ($14.5 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.19% ($13.5 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
  • 2.1% ($12.9 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
  • 1.96% ($12 billion): 2601 - Iron ores and concentrates, including roasted iron pyrites
  • 1.58% ($9.75 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

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Korea | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021