Trade Profiles
2021 Trade in commercial services
Transport
Travel Other commercial services
Industrial property
Merchandise trade Agricultural products Nonagricultural products
Korea, Republic of
Korea, Republic of
GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)
1 630 870 32 258 4.6 12 132 37.6
Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade
Exports
7 6 16 9
Imports
9 7 13 9
MERCHANDISE TRADE Value
Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.
Annual percentage change
2020 512 498 467 633 2020 2.91
Share in world total exports (%)
2010-2020 1 1
2019 -10 -6
2020 -5 -7 2020 2.62
Share in world total imports (%)
Breakdown in economy's total exports
Breakdown in economy's total imports
By main commodity group, % (2019)
By main commodity group, % (2019)
Agricultural products: 2.4
Fuels and mining products: 10
Agricultural products: 7.4
Fuels and mining products: 32
Manufactures: 87.3
Other: 0.3
Manufactures: 60.2
Other: 0.4
By main destination, % (2020)
By main origin, % (2020)
China: 25.9 Viet Nam: 9.5 Hong Kong, China: 6
United States of America: 14.5 European Union: 9.3 Other: 34.9
China: 23.3 European Union: 11.8 Viet Nam: 4.4
United States of America: 12.4 Japan: 9.8 Other: 38.3
Agricultural Products Value
Top exported products (Million US$) HS2402 HS1902 HS2106 HS2008 HS2202
2020 . 838 792 599 563 498
Cigars, cheroots, cigarillos Pasta Other food preparations Plants' parts otherwise preserved Waters containing added sugar
Value
Top imported products (Million US$) HS1005 HS2106 HS0202 HS0203 HS0201
2020
Maize (corn) Other food preparations Meat of bovine animals, frozen Swine meat, fresh, chilled, frozen Bovine meat, fresh, chilled
2 371 1 960 1 917 1 382 979
Share in economy's trade in agricultural products Exports 0%
10%
Imports 20%
0%
HS2402
HS1005
HS1902
HS2106
HS2106
HS0202
HS2008
HS0203
HS2202
HS0201
5%
10%
Million US$ Exports Imports
Value
2020 7 418 28 506
Annual percentage change
2010-2020 7 5
2019 5 0
2020 9 2
Non-Agricultural Products Value
Top exported products (Million US$) HS8542 HS8703 HS2710 HS8901 HS8708
2020
Electronic integrated circuits Motor cars for transport of persons Petroleum oils, other than crude Vessels for transport Parts for motor vehicles 8701-8075
82 911 35 639 23 169 16 528 15 765
Value
Top imported products (Million US$) HS2709 HS8542 HS2711 HS2710 HS8703
2020
Petroleum oils, crude Electronic integrated circuits Petroleum gases Petroleum oils, other than crude Motor cars for transport of persons
44 462 40 356 18 928 12 738 12 061
Share in economy's trade in non-agricultural products Exports 0%
196
10%
Imports 20%
0%
HS8542
HS2709
HS8703
HS8542
HS2710
HS2711
HS8901
HS2710
HS8708
HS8703
5%
10%
15%
Million US$ Exports Imports
Value
2020 505 292 438 992
Annual percentage change
2010-2020 1 1
2019 -11 -6
2020 -6 -8
World Trade Organization – Trade Profiles 2021
Korea, Republic of TRADE IN COMMERCIAL SERVICES Value
Million US$ Commercial services exports Commercial services imports
Annual percentage change
2020
2010-2020
86 145 101 587 2020 1.75
Share in world total exports (%) Breakdown in economy's total exports
2019
2020
0 -2
-12 -19
1 1
2020 2.21
Share in world total imports (%) Breakdown in economy's total imports
By main services item, % (2020)
By main services item, % (2020)
Transport: 28.9 Other commercial services: 58.4
Travel: 10.1 Goods-related services: 2.7
Transport: 23.8 Other commercial services: 53.2
By main destination, % (2020)
Travel: 14.5 Goods-related services: 8.4
By main origin, % (2020)
China: 19 European Union (28): 11.6 Other: 44.1
United States of America: 16.4 Japan: 8.9
United States of America: 23.3 China: 13.6 Other: 35.1
Value
FATS sales Inward (million US$) Outward (million US$)
European Union (28): 19 Japan: 9
Annual percentage change
2020 na na
2010-2020 na na
2019 na na
2020 na na
Transport Korea, Republic of
200
World
100 0
2010
2013
2016
2020
Transport exports (Index 2010=100)
Value
Million US$ Exports Imports
2020 24 901 24 215
Exports By sea (2020) By air (2020) By other
Value
Share (%)
18 718 5 720 na
75.2 23.0 na
2010-2020 -4 -2
Annual percentage change 2019 -3 -6
Imports By sea (2020) By air (2020) By other
2020 -7 -20
Value
Share (%)
20 387 2 881 na
84.2 11.9 na
Travel Korea, Republic of
200
World
Value
Million US$ Exports Imports
100 0
2010
2013
2016
2020 8 686 14 704
2010-2020 -2 -2
Annual percentage change 2019 12 -7
2020 -50 -51
2020
Travel exports (Index 2010=100)
Other Commercial Services and Goods-related Services Exports of OCS by main item (2020)
24.5 13.2 13.6
Other business services Intellectual property 48.7
Million US$
Value
2020
2010-2020
Other commercial services Exports 50 270 Imports 54 086
ICTs
5 3
2020
Goods-related services Exports Imports
Other
Annual percentage change
2010-2020
2 289 8 581
0 2
2019
2020
-1 4
-2 -1
2019
2020
-16 -2
-2 -15
INDUSTRIAL PROPERTY Patent applications, 2019 Residents
171 603
Non-residents
47 372
Trademark applications, 2019 Total
218 975
World Trade Organization – Trade Profiles 2021
Residents
190 193
Non-residents
28 371
Industrial design applications, 2019 Total
218 564
Residents
60 036
Non-residents
5 276
Total
65 312
197