2022
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GDP
$4.07TCURRENT US$
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2012-2022
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GDP GROWTH
15.5%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$48,432CURRENT US$
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2012-2022
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GDP PC GROWTH
10.4%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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About

Germany-South Korea In 2022, Germany exported $22.7B to South Korea. The main products that Germany exported to South Korea are Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). During the last 27 years the exports of Germany to South Korea have increased at an annualized rate of 5.05%, from $6B in 1995 to $22.7B 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 In 2022, South Korea exported $11.2B to Germany. The main products that South Korea exported to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). During the last 27 years the exports of South Korea to Germany have increased at an annualized rate of 2.43%, from $5.86B in 1995 to $11.2B 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 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $22.7B to South Korea. The main products exported from Germany to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). During the last 27 years the exports of Germany to South Korea have increased at an annualized rate of 5.05%, from $6B in 1995 to $22.7B in 2022.

In 2022, South Korea exported $11.2B to Germany. The main products exported from South Korea to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). During the last 27 years the exports of South Korea to Germany have increased at an annualized rate of 2.43%, from $5.86B in 1995 to $11.2B in 2022.

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

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

Market Competitiveness

Color
Germany
Top Destination
United States$153B
South Korea
Top Destination
China$150B

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 ($120B), Netherlands ($109B), and Austria ($86.5B).

In 2021, countries that imported more from South Korea than Germany were Vietnam ($60.7B), China ($150B), and Hong Kong ($28.9B).

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

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 2022, Germany had a large net trade with South Korea in the exports of Transportation ($8.63B), Machines ($6.01B), and Chemical Products ($3.25B).

During 2022, South Korea had a large net trade with Germany in the exports of Machines ($4.84B), Transportation ($2.5B), and Plastics and Rubbers ($1.16B).

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) (2022)

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