Flag Germany / South Korea Flag

2020
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Exports
: $20B, Rnk 18 / 220

2020
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Top Product
: $6.28B, Cars

2020
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Exports
: $10.6B, Rnk 11 / 218

2020
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Top Product
: $1.65B, Vaccines, blood, antisera, toxins and cultures

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 4 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $3.85T, CURRENT US$
Rnk 4 / 195

2010-2020
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GDP GROWTH
: 13.3%, CURRENT US$
Rnk 133 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $46,208, CURRENT US$
Rnk 19 / 195

2010-2020
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GDP PC GROWTH
: 11.3%, CURRENT US$
Rnk 107 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

Germany-South Korea In 2020, Germany exported $20B to South Korea. The main products that Germany exported to South Korea are Cars ($6.28B), Packaged Medicaments ($680M), and Motor vehicles; parts and accessories (8701 to 8705) ($476M). During the last 25 years the exports of Germany to South Korea have increased at an annualized rate of 4.95%, from $5.98B in 1995 to $20B in 2020.

In 2020, Germany exported services to South Korea worth $2.27B, with Other business services ($958M), Transportation ($719M), and Royalties and license fees ($369M) being the largest in terms of value.

South Korea-Germany In 2020, South Korea exported $10.6B to Germany. The main products that South Korea exported to Germany were Vaccines, blood, antisera, toxins and cultures ($1.65B), Cars ($1.31B), and Electric Batteries ($976M). During the last 25 years the exports of South Korea to Germany have increased at an annualized rate of 2.41%, from $5.86B in 1995 to $10.6B in 2020.

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.

Comparison In 2020,  Germany ranked 4 in the Economic Complexity Index (ECI 1.88), and 3 in total exports ($1.33T). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Germany exported $20B to South Korea. The main products exported from Germany to South Korea were Cars ($6.28B), Packaged Medicaments ($680M), and Motor vehicles; parts and accessories (8701 to 8705) ($476M). During the last 25 years the exports of Germany to South Korea have increased at an annualized rate of 4.95%, from $5.98B in 1995 to $20B in 2020.

In 2020, South Korea exported $10.6B to Germany. The main products exported from South Korea to Germany were Vaccines, blood, antisera, toxins and cultures ($1.65B), Cars ($1.31B), and Electric Batteries ($976M). During the last 25 years the exports of South Korea to Germany have increased at an annualized rate of 2.41%, from $5.86B in 1995 to $10.6B in 2020.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $116B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from Germany than South Korea were France ($101B), Netherlands ($84.8B), and United Kingdom ($74.4B).

In 2019, countries that imported more from South Korea than Germany were Vietnam ($48B), China ($131B), and Hong Kong ($30.9B).

Comparative Advantage Germany - South Korea

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Flow

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

During 2020, Germany had a large net trade with South Korea in the exports of Transportation ($7.34B), Machines ($5.31B), and Chemical Products ($2.73B).

During 2020, South Korea had a large net trade with Germany in the exports of Machines ($4.45B), Chemical Products ($2.24B), and Transportation ($1.95B).

Bilateral Service Trade

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In 2020, Germany exported services to South Korea worth $2.27B, with Other business services ($958M), Transportation ($719M), and Royalties and license fees ($369M) being the largest in terms of value.

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) 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 yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Germany.