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2022
Flag → Flag
Exports $100BRnk 5 / 211
2022
Flag → Flag
Top Product $23.3BIntegrated Circuits
2022
Flag → Flag
Exports $139BRnk 1 / 220
2022
Flag → Flag
Top Product $50.3BIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186

About

China-South Korea Trade: In 2022, China exported $100B to South Korea. The main products that China exported to South Korea were Integrated Circuits ($23.3B), Broadcasting Equipment ($5.92B), and Electric Batteries ($5.52B). Over the past 5 years the exports of China to South Korea have increased at an annualized rate of 68.5%, from $7.38B in 2017 to $100B in 2022.

In 2022, China did not export any services to South Korea.

South Korea-China Trade: In 2022, South Korea exported $139B to China. The main products that South Korea exported to China were Integrated Circuits ($50.3B), Cyclic Hydrocarbons ($6.28B), and Broadcasting Equipment ($6.13B). Over the past 5 years the exports of South Korea to China have increased at an annualized rate of 70.8%,  from $9.58B in 2017 to $139B in 2022.

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 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $12.8B and imported $15.2B from South Korea, resulting in a negative trade balance of $2.45B. Between May 2023 and May 2024 the exports of China have increased by $445M (3.61%) from $12.3B to $12.8B, while imports increased by $2.41B (18.8%) from $12.8B to $15.2B.

Trade In May 2024, the top exports of China to South Korea were Integrated Circuits ($1.42B), Electric Batteries ($713M), Inorganic Salts ($523M), Telephones ($469M), and Computers ($352M). In May 2024 the top imports of China from South Korea were Integrated Circuits ($4.41B), Broadcasting Accessories ($839M), Cyclic Hydrocarbons ($443M), Telephones ($409M), and Other Inorganic Acids Salts ($368M).

Origins In May 2024 the exports of China were mainly from Jiangsu Province ($2.92B), Shandong Province ($2.3B), Guangdong Province ($1.66B), Zhejiang Province ($1.31B), and Shanghai Province ($1.12B), while imports destinations were mainly Jiangsu Province ($3.93B), Guangdong Province ($3.61B), Shandong Province ($1.53B), Shanghai Province ($1.52B), and Zhejiang Province ($614M).

Growth In May 2024, the increase in China's year-by-year exports to South Korea was explained primarily by an increase in product exports in Electric Batteries ($398M or 126%), Inorganic Salts ($354M or 209%), and Telephones ($208M or 79.7%). In May 2024, the increase in China's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Broadcasting Accessories ($334M or 66.2%), Other Inorganic Acids Salts ($106M or 40.4%), and Other Heating Machinery ($45.3M or 256%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$445M(3.61%)
IMPORT GROWTH (May 2023 - May 2024)$2.41B(18.8%)
MAIN EXPORTER (May 2024)Jiangsu Province$2.92B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check South Korea and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and China Data

Go to Bulk Download

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $100B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($23.3B), Broadcasting Equipment ($5.92B), and Electric Batteries ($5.52B). During the last 5 years the exports of China to South Korea have increased at an annualized rate of 68.5%, from $7.38B in 2017 to $100B in 2022.

In 2017, South Korea exported $139B to China. The main products exported from South Korea to China were Integrated Circuits ($50.3B), Cyclic Hydrocarbons ($6.28B), and Broadcasting Equipment ($6.13B). During the last 22 years the exports of South Korea to China have increased at an annualized rate of 70.8%, from $9.58B in 1995 to $139B in 2017.

Exports from China (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
South Korea
Top DestinationChina$150B

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 2022, countries that imported more from China than South Korea included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from South Korea than China included Mozambique ($4.59B), Guam ($469M), and Bermuda ($302M).

Difference in imports from South Korea (Flag) and China (Flag) (2022)

Comparative Advantage China - South Korea

Flow
Scale

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

During 2022, China had a large net trade with South Korea in the exports of Machines ($70.9B), Chemical Products ($17B), and Metals ($16.2B).

During 2017, South Korea had a large net trade with China in the exports of Machines ($85B), Chemical Products ($20.2B), and Plastics and Rubbers ($12.9B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China South Korea+$2.16BTelephones
Top Product Potential South Korea China+$1.46BRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and South Korea. This means that a dot/product with the flag of China indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over China.

Product Space of China (Flag) and South Korea (Flag) (2022)

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