2021
Flag  
GDP
$4.26TCURRENT US$
Rnk 4 / 204
2011-2021
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GDP GROWTH
13.6%CURRENT US$
Rnk 130 / 204
2021
Flag
 GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
GDP PC 
$51,204CURRENT US$
Rnk 26 / 204
2011-2021
Flag
GDP PC GROWTH
9.63%CURRENT US$
Rnk 116 / 204
2021
Flag
GDP PC
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
Flag
GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204

About

Germany-South Korea In 2021, Germany exported $21.8B to South Korea. The main products that Germany exported to South Korea are Cars ($6.03B), Packaged Medicaments ($830M), and Integrated Circuits ($617M). During the last 26 years the exports of Germany to South Korea have increased at an annualized rate of 5.09%, from $5.99B in 1995 to $21.8B in 2021.

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 2021, South Korea exported $12.1B to Germany. The main products that South Korea exported to Germany were Vaccines, blood, antisera, toxins and cultures ($1.8B), Cars ($1.71B), and Office Machine Parts ($968M). During the last 26 years the exports of South Korea to Germany have increased at an annualized rate of 2.83%, from $5.86B in 1995 to $12.1B in 2021.

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 2021,  Germany ranked 5 in the Economic Complexity Index (ECI 1.81), and 3 in total exports ($1.56T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Germany exported $21.8B to South Korea. The main products exported from Germany to South Korea were Cars ($6.03B), Packaged Medicaments ($830M), and Integrated Circuits ($617M). During the last 26 years the exports of Germany to South Korea have increased at an annualized rate of 5.09%, from $5.99B in 1995 to $21.8B in 2021.

In 2021, South Korea exported $12.1B to Germany. The main products exported from South Korea to Germany were Vaccines, blood, antisera, toxins and cultures ($1.8B), Cars ($1.71B), and Office Machine Parts ($968M). During the last 26 years the exports of South Korea to Germany have increased at an annualized rate of 2.83%, from $5.86B in 1995 to $12.1B in 2021.

Exports from Germany (Flag) to South Korea (Flag) (2021)

Exports from South Korea (Flag) to Germany (Flag) (2021)

Market Competitiveness

Color
Germany
Top Destination
United States$135B
South Korea
Top Destination
China$158B

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 2021, countries that imported more from Germany than South Korea were France ($119B), Netherlands ($100B), and Italy ($88.7B).

In 2021, countries that imported more from South Korea than Germany were Vietnam ($56.5B), China ($158B), and Hong Kong ($38.2B).

Difference in imports from South Korea (Flag) and Germany (Flag) (2021)

Comparative Advantage Germany - South Korea

Flow
Scale

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

During 2021, Germany had a large net trade with South Korea in the exports of Transportation ($7.44B), Machines ($5.89B), and Chemical Products ($3.47B).

During 2021, South Korea had a large net trade with Germany in the exports of Machines ($4.82B), Chemical Products ($2.44B), and Transportation ($2.32B).

Service Trade

Bilateral Service Trade

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.

Services Exports from Germany (Flag) to South Korea (Flag) (2020)

Services Exports from South Korea (Flag) to Germany (Flag) (2005)

Economic Complexity

Competitive Landscape

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.

Product Space of Germany (Flag) and South Korea (Flag) (2021)

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