2021
Flag  
GDP
$5.01TCURRENT US$
Rnk 3 / 204
2011-2021
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GDP GROWTH
-19.7%CURRENT US$
Rnk 194 / 204
2021
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 GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
Flag
GDP PC 
$39,827CURRENT US$
Rnk 34 / 204
2011-2021
Flag
GDP PC GROWTH
-18.3%CURRENT US$
Rnk 182 / 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

Japan-South Korea In 2021, Japan exported $51.1B to South Korea. The main products that Japan exported to South Korea are Photo Lab Equipment ($3.95B), Integrated Circuits ($2.87B), and Machinery Having Individual Functions ($1.94B). During the last 26 years the exports of Japan to South Korea have increased at an annualized rate of 1.95%, from $30.9B in 1995 to $51.1B in 2021.

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

South Korea-Japan In 2021, South Korea exported $30.1B to Japan. The main products that South Korea exported to Japan were Refined Petroleum ($4.48B), Silver ($1.34B), and Integrated Circuits ($1.2B). During the last 26 years the exports of South Korea to Japan have increased at an annualized rate of 2.16%, from $17.3B in 1995 to $30.1B in 2021.

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

Comparison In 2021,  Japan ranked 1 in the Economic Complexity Index (ECI 2.06), and 4 in total exports ($731B). 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, Japan exported $51.1B to South Korea. The main products exported from Japan to South Korea were Photo Lab Equipment ($3.95B), Integrated Circuits ($2.87B), and Machinery Having Individual Functions ($1.94B). During the last 26 years the exports of Japan to South Korea have increased at an annualized rate of 1.95%, from $30.9B in 1995 to $51.1B in 2021.

In 2021, South Korea exported $30.1B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.48B), Silver ($1.34B), and Integrated Circuits ($1.2B). During the last 26 years the exports of South Korea to Japan have increased at an annualized rate of 2.16%, from $17.3B in 1995 to $30.1B in 2021.

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

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

Market Competitiveness

Color
Japan
Top Destination
China$153B
South Korea
Top Destination
China$158B

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

In 2021, countries that imported more from Japan than South Korea were United States ($128B), Chinese Taipei ($52.5B), and Thailand ($31.2B).

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

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

Comparative Advantage Japan - South Korea

Flow
Scale

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

During 2021, Japan had a large net trade with South Korea in the exports of Machines ($14.7B), Chemical Products ($8.5B), and Metals ($8.31B).

During 2021, South Korea had a large net trade with Japan in the exports of Machines ($7.26B), Metals ($5.08B), and Mineral Products ($5.01B).

Service Trade

Bilateral Service Trade

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to South Korea (Flag) (2009)

Services Exports from South Korea (Flag) to Japan (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 Japan has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Japan.

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

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