South Korea

South Korea B2B Marketplace

Trade. South Korea’s main exports include electronic products, machinery, motor vehicles (particularly automobiles), steel, ships, and textiles and clothing. With no petroleum reserves, South Korea must import substantial amounts of crude oil. Other imports include food, machinery, chemicals, and chemical products

South Korea is the 5th largest export economy in the world. In 2016, South Korea exported $515B and imported $398B, resulting in a positive trade balance of $117B. In 2016 the GDP of South Korea was $1.41T and its GDP per capita was $36.5k.

The top exports of South Korea are Integrated Circuits ($68.3B), Cars ($38.4B), Refined Petroleum ($24.8B), Passenger and Cargo Ships ($23B) and Vehicle Parts ($20.1B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($40.9B), Integrated Circuits ($29.3B), Petroleum Gas ($14.4B), Refined Petroleum ($10.8B) and Cars ($9.3B).

The top export destinations of South Korea are China ($121B), the United States ($70.1B), Vietnam ($32.6B), Hong Kong ($31.6B) and Japan ($23.8B). The top import origins are China ($87.2B), Japan ($46.4B), the United States ($41.9B), Germany ($19.3B) and Other Asia ($16.2B).

South Korea borders North Korea by land and China and Japan by sea.

We need the cooperation of South Korea to obtain representation.

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