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ExportsGermany-South Korea Trade: In 2022, Germany exported $19.5B to South Korea. The main products that Germany exported to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). Over the past 5 years the exports of Germany to South Korea have increased at an annualized rate of 26.6%, from $6B in 2017 to $19.5B in 2022.
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 Trade: In 2022, South Korea exported $9.73B to Germany. The main products that South Korea exported to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). Over the past 5 years the exports of South Korea to Germany have increased at an annualized rate of 10.7%, from $5.86B in 2017 to $9.73B in 2022.
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 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).
