Flag China / South Korea Flag

2021
FlagFlag
Exports
: $140B, Rnk 4 / 209

2021
FlagFlag
Top Product
: $20.8B, Integrated Circuits

2021
FlagFlag
Exports
: $158B, Rnk 1 / 218

2021
FlagFlag
Top Product
: $48.1B, Integrated Circuits

2021
Flag
Economic Complexity (ECI)
: ECI 1.07, Rnk 25 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
Flag  
GDP
: $17.7T, CURRENT US$
Rnk 2 / 182

2011-2021
Flag
GDP GROWTH
: 135%, CURRENT US$
Rnk 6 / 182

2021
Flag
 GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
Flag
GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
Flag
GDP PC 
: $12,556, CURRENT US$
Rnk 58 / 182

2011-2021
Flag
GDP PC GROWTH
: 124%, CURRENT US$
Rnk 4 / 182

2021
Flag
GDP PC
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
Flag
GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

China-South Korea In 2021, China exported $140B to South Korea. The main products that China exported to South Korea are Integrated Circuits ($20.8B), Computers ($5.07B), and Broadcasting Equipment ($4.44B). During the last 26 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.37B in 1995 to $140B in 2021.

In 2021, China did not export any services to South Korea.

South Korea-China In 2021, South Korea exported $158B to China. The main products that South Korea exported to China were Integrated Circuits ($48.1B), Cyclic Hydrocarbons ($5.98B), and Refined Petroleum ($5.92B). During the last 26 years the exports of South Korea to China have increased at an annualized rate of 11.4%, from $9.56B in 1995 to $158B in 2021.

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 2021,  China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, China exported $140B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($20.8B), Computers ($5.07B), and Broadcasting Equipment ($4.44B). During the last 26 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.37B in 1995 to $140B in 2021.

In 2021, South Korea exported $158B to China. The main products exported from South Korea to China were Integrated Circuits ($48.1B), Cyclic Hydrocarbons ($5.98B), and Refined Petroleum ($5.92B). During the last 26 years the exports of South Korea to China have increased at an annualized rate of 11.4%, from $9.56B in 1995 to $158B in 2021.

Market Competitiveness

#permalink to section
Color

China
Top Destination
: United States, $530B

South Korea
Top Destination
: China, $158B

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 2021, countries that imported more from China than South Korea were United States ($530B), Hong Kong ($323B), and Japan ($168B).

In 2021, countries that imported more from South Korea than China were Malta ($3.04B), Bermuda ($569M), and Bahamas ($875M).

Comparative Advantage China - South Korea

#permalink to section
Flow
Scale

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

During 2021, China had a large net trade with South Korea in the exports of Machines ($65.2B), Metals ($15.3B), and Chemical Products ($12.5B).

During 2021, South Korea had a large net trade with China in the exports of Machines ($82.5B), Chemical Products ($22B), and Plastics and Rubbers ($14B).

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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