Trade status of S.Korea

Status of Import and export by S. Korea based on the data 2014

 

 

 

 

South Korea is the 5th largest export economy in the world and the 6th most complex economy according to the Economic Complexity Index (ECI). In 2014, South Korea exported $583B and imported $508B, resulting in a positive trade balance of $75B. In 2014 the GDP of South Korea was $1.41T and its GDP per capita was $33.4k.

The top exports of South Korea are Integrated Circuits ($59.5B), Refined Petroleum ($46.9B), Cars ($44.1B), Passenger and Cargo Ships ($23.7B) and LCDs ($21.4B), using the 1992 revision of the HS (Harmonized System) classification.

Its top imports are Crude Petroleum ($88.1B), Petroleum Gas ($35.4B), Integrated Circuits ($29.8B), Refined Petroleum ($27.2B) and Coal Briquettes ($10.7B).

The top export destinations of South Korea are China ($142B), the United States ($70.1B), Japan ($32.2B), Hong Kong ($24.5B) and Singapore ($24.3B). The top import origins are China ($88.9B), Japan ($52.5B), the United States ($43.9B), Saudi Arabia ($33.1B) and Qatar ($24.5B).