Flag China / South Korea Flag

Exports Flag β†’ Flag  (2018): $107B, Rnk 4 / 206

Top Product Flag β†’ Flag (2018): $12B, Integrated Circuits

Exports Flag β†’ Flag (2018): $160B, Rnk 1 / 210

Top Product Flag β†’ Flag (2018): $47.6B, Integrated Circuits

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

China-South Korea: In 2018, China exported $107B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($12B), Broadcasting Equipment ($6.97B), and Office Machine Parts ($4.96B). During the last 20 years the exports of China to South Korea have increased at an annualized rate of 9.26%, from $613k in 1998 to $107B in 2018.

South Korea-China: In 2018, South Korea exported $160B to China. The main products exported from South Korea to China were Integrated Circuits ($47.6B), LCDs ($8.49B), and Cyclic Hydrocarbons ($8.39B). During the last 22 years the exports of South Korea to China have increased at an annualized rate of 8.78%, from $24.4k in 1996 to $160B in 2018. In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and South Korea was ranked 34 with a GDP Per Capita of $31,363.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $107B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($12B), Broadcasting Equipment ($6.97B), and Office Machine Parts ($4.96B). During the last 20 years the exports of China to South Korea have increased at an annualized rate of 9.26%, from $613k in 1998 to $107B in 2018.

In 2018, South Korea exported $160B to China. The main products exported from South Korea to China were Integrated Circuits ($47.6B), LCDs ($8.49B), and Cyclic Hydrocarbons ($8.39B). During the last 22 years the exports of South Korea to China have increased at an annualized rate of 8.78%, from $24.4k in 1996 to $160B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

South Korea
Top Destination
: China, $160B

This map shows whether countries import more from China or South Korea. Each country is colored based on the difference in imports they receive from China and South Korea or the difference in the growth in imports.

In 2018, countries that imported more from China than South Korea were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from South Korea than China were Bahamas ($1.75B), Marshall Islands ($2.04B), and Cyprus ($1.25B).

Comparative Advantage China - South Korea

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Depth

This chart compares trade between China and South Korea by product, considering products traded by both, China and South Korea.

During 2018, China had a large net trade with South Korea in the exports of Machines ($50.5B), Metals ($11.4B), and Chemical Products ($11B).

During 2018, South Korea had a large net trade with China in the exports of Machines ($86B), Chemical Products ($21.9B), and Instruments ($14.2B).

Tariff Section

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This sections shows import tariffs for products traded between China and South Korea (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter South Korea were Cereals, hulled, pearled, sliced or kibbled nes (65%) and Homogenized or reconstituted tobacco (57%).

In 2018, the products from South Korea that paid the highest import tariffs to enter China were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

Explore Tariff Data

*The tariffs present between China and South Korea are:
125: General duty rate
136: Most Favoured Nation duty rate treatement
249: Preferential tariff for Korea, Republic of
343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)

Trade Forecasts

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This section shows a forecast for total trade between China and South Korea. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over China.