Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services
Trade Profiles 2022
Korea, Republic of
Korea, Republic of MERCHANDISE TRADE
Agricultural Products
Non-Agricultural Products
GDP (million current US$, 2021) 1 798 544 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 32 791 Merchandise 7 9 Current account balance (% GDP, 2021) 4.9 excluding intra-EU trade 6 7 Trade per capita (US$, 2019-2021) 12 523 Commercial services 14 13 Trade (% GDP, 2019-2021) 38.2 excluding intra-EU trade 9 9 Value Million US$ 2021 644 400 615 093 2021 2021 2.89 2.72 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2020 Top imported products (Million US$) 2020 HS2402 Cigars, cheroots, cigarillos 838 HS1005 Maize (corn) 2 371 HS1902 Pasta 792 HS2106 Other food preparations 1 960 HS2106 Other food preparations 599 HS0202 Meat of bovine animals, frozen 1 917 HS2008 Plants' parts otherwise preserved 563 HS0203 Swine meat, fresh, chilled, frozen 1 382 HS2202 Waters containing added sugar 498 HS0201 Bovine meat, fresh, chilled 979 Share in economy's trade in agricultural products Value Million US$ 2020 2010-2020 2019 2020 Exports 7 418 7 5 9 Imports 28 506 5 0 2 Value Value Top exported products (Million US$) 2020 Top imported products (Million US$) 2020 HS8542 Electronic integrated circuits 82 911 HS2709 Petroleum oils, crude 44 462 HS8703 Motor cars for transport of persons 35 639 HS8542 Electronic integrated circuits 40 356 HS2710 Petroleum oils, other than crude 23 169 HS2711 Petroleum gases 18 928 HS8901 Vessels for transport 16 528 HS2710 Petroleum oils, other than crude 12 738 HS8708 Parts for motor vehicles 8701-8075 15 765 HS8703 Motor cars for transport of persons 12 061 Share in economy's trade in non-agricultural products Value Million US$ 2020 2010-2020 2019 2020 Exports 505 292 1 -11 -6 Imports 438 992 1 -6 -8 By main commodity group, % (2020) By main destination, % (2020) By main origin, % (2020) Annual percentage change Annual percentage change
Merchandise exports, f.o.b. 3 -5 26 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 3 -7 32 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) 0% 10% 20% HS8542 HS8703 HS2710 HS8901 HS8708 Exports 0% 5% 10% 15% HS2709 HS8542 HS2711 HS2710 HS8703 Imports 0% 5% 10% HS1005 HS2106 HS0202 HS0203 HS0201 Imports 0% 10% 20% HS2402 HS1902 HS2106 HS2008 HS2202 Exports Agricultural products: 2.5 Fuels and mining products: 7.6 Manufactures: 89.4 Other: 0.5 Agricultural products: 7.9 Fuels and mining products: 25.7 Manufactures: 66.1 Other: 0.4 China: 25.9 United States of America: 14.5 Viet Nam: 9.5 European Union: 9.3 Hong Kong, China: 6 Other: 34.9 China: 23.3 United States of America: 12.4 European Union: 11.8 Japan: 9.8 Viet Nam: 4.4 Other: 38.3
196 World Trade Organization – Trade Profiles 2022
TRADE IN COMMERCIAL SERVICES
Korea, Republic of
Value Million US$ 2021 121 973 125 649 2021 2021 2.03 2.27 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2021 Inward (million US$) na Outward (million US$) na Value Million US$ 2021 Exports 47 811 Imports 30 314 Exports Value Imports Value Share (%) By sea (2021) 39 381 By sea (2021) 26 312 86.8 By air (2021) 7 815 By air (2021) 2 696 8.9 By other na By other na na Value Million US$ 2021 Exports 10 713 Imports 16 751 Million US$ Value 2021 Other commercial services Exports 60 073 Imports 68 453 2021 Goods-related services Exports 3 376 Imports 10 131 Residents Total Residents Total Residents Total 180 477 46 282 226 759 230 301 26 533 256 834 62 732 4 649 67 381 Travel exports (Index 2010=100) na -2 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 90 0 -20 32 Annual percentage change Share (%) 82.4 16.3 na na na -19 na na na 2010-2021 2020 2021 Annual percentage change By main services item, % (2021) By main origin, % (2018) -13 37 2 2010-2021 2020 20 Commercial services exports Commercial services imports 4 2021
By main services item, % (2021) By main destination, % (2018) Share in world total exports (%) Share in world total imports (%) Annual percentage change Transport Annual percentage change 2010-2021 2020 2021 2 -7 0 -1 -50 2 -51 4 INDUSTRIAL PROPERTY 3 -13 11 21 0 5 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 -2 17 Annual percentage change 2010-2021 2021 2010-2021 2020 2021 35 4 6 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 0 100 200 300 2010 2014 2018 2021 Korea, Republic of World 0 100 200 2010 2014 2018 2021 Korea, Republic of World Transport: 39.2 Travel: 8.8 Other commercial services: 49.3 Goods-related services: 2.8 Transport: 24.1 Travel: 13.3 Other commercial services: 54.5 Goods-related services: 8.1 China: 20.3 United States of America: 15.5 European Union (28): 11 Japan: 8.3 Other: 44.9 United States of America: 22.9 European Union (28): 18.4 China: 14.2 Japan: 8.7 Other: 35.8 46.7 19.4 13.4 20.5 Other business services ICTs Intellectual property Other
197 World Trade Organization – Trade Profiles 2022