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South-Korea export Statistics

South Korea Export Data

The Republic of South Korea is another name for South Korea. The nation, which includes a section of the Korean Peninsula, is situated in eastern Asia. Three nations—North Korea, China, and Japan—share borders with South Korea. In terms of land size, South Korea is the 22nd smallest nation in Asia. South Korea is now ranked 109th in the world in terms of area. South Korea has been a major player in the global market, with its exports contributing significantly to its economy. According to South Korea’s export data, South Korea exported goods worth $820.64 billion in 2022, with exports growing up to $39 billion as compared to 2021. Let's dive in and explore the South Korean export data for the year 2022 and delve into the opportunities and trends that this export data reveals.

South Korea Export Data | South Korea Trade Data

9

The country has been ranked 9th in global exports, showing a significant position in the international trade and export landscape.

2.82%

With a mere 2.82% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

CHINA

China holds a significant role as the largest export partner of the country in terms of goods exports and export share.

ELECTRONIC INTEGRATED CIRCUITS

Electronic integrated circuits are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of South Korea

South Korea, a global economic powerhouse, boasts an impressive array of top exports thatdrive its thriving economy. In terms of trade, South Korea's top 10 exports are dominated by technologically advanced products, illustrating the country's commitment to innovation. According to the export data, the top 10 exports of South Korea in 2022 are:

  • Electronic integrated circuits: 16.5% ($112 billion)
  • Petroleum oils and oils from bituminous minerals: 9% ($61 billion)
  • Motor cars and other motor vehicles: 7.56% ($51 billion)
  • Parts and accessories of the motor vehicles: 2.91% ($19.9 billion)
  • Flat panel display modules: 2.84% ($19.4 billion)
  • Cruise ships, excursion boats, ferry boats, cargo ships: 2.23% ($15.2 billion)
  • Discs, tapes, solid-state non-volatile storage devices, smart cards: 2.09% ($14.2 billion)
  • Parts and accessories: 1.83% ($12.5 billion)
  • Salts of oxo metallic or metallic acids: 1.64% ($11.2 billion)
  • Electric accumulators, including separators: 1.46% ($9.98 billion)
    • Partners

    Top 10 Export Partners of South Korea

    As for its export partners, South Korea has fostered strong trade relations with an assortment of countries. Through these key partnerships and its diverse export portfolio, South Korea has successfully positioned itself as a formidable force in international trade. The top 10 export partners of South Korea in 2022 include:

    Value In Percentage(%)

  • China: 22% (155 billion US$)
  • USA: 16.1% (110 billion US$)
  • Vietnam: 8.91% (60 billion US$)
  • Japan: 4.47% (30 billion US$)
  • Hong Kong: 4.04% (27 billion US$)
  • Other Asian nations: 3.83% (26 billion US$)
  • Singapore: 2.95% (20 billion US$)
  • India: 2.76% (18.8 billion US$)
  • Australia: 2.74% (18.7 billion US$)
  • Mexico: 1.85% (12.6 billion US$)
    • Sample Data

    An overview of South Korea’s export data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    South Korea’s export data offers a wealth of information about the country's international trade activities. It outlines the products and services South Korea exports, the countries it trades with, and the value of these exports. By analyzing this data, we gain valuable insights into the health and direction of South Korea's economy, as well as its competitive advantages and areas for improvement. According to the export data of South Korea, the nation exported commodities worth $683 billion in 2022, with an increase of 6.07% as compared to the previous year. A range of fields, including the total value of the variety of fields that are contained in South Korea’s trade data are HS codes, descriptions of HS codes, and product descriptions, which may be found in South Korean export and trade data. For dealers and marketers, the B/L data is crucial since it helps them make informed judgments.

    Benefits

    Benefits of South Korea Export Data

  • Produce authentic leads from the export market of South Korea.
  • Learn about the most recent product demand from Korea.
  • Keep an eye on your rivals and surpass them.
  • Make your export marketing strategy based on export data.
  • Make a significant impact on the South Korean market.
  • Establish long-term objectives and maximize earnings.

    • Frequently Asked Questions!!

    The total value of South Korea’s Exports in 2022 is $683 billion.

    South Korea's export data is an important economic indicator as it sheds light on the state and performance of the South Korean economy.

    By analyzing South Korea's export data and comparing it to import data, it is possible to determine if South Korea has a trade surplus or deficit.

    Analyzing South Korea's export statistics according to industry and sector can provide insights into which industries are prospering and which are facing difficulties.

    South Korea's export data provides information about the country's international trade activities, including the products and services exported, the countries it trades with, and the value of these exports.

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