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ExportsJapan-South Korea Trade: In 2023, Japan exported $42.7B to South Korea. The main products that Japan exported to South Korea were Machinery Having Individual Functions ($4.17B), Integrated Circuits ($3.43B), and Refined Petroleum ($2.32B). Over the past 5 years the exports of Japan to South Korea have decreased at an annualized rate of 4.48%, from $53.7B in 2018 to $42.7B in 2023.
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 Trade: In 2023, South Korea exported $28.4B to Japan. The main products that South Korea exported to Japan were Refined Petroleum ($5.34B), Integrated Circuits ($1.61B), and Hot-Rolled Iron ($921M). Over the past 5 years the exports of South Korea to Japan have decreased at an annualized rate of 1.38%, from $30.5B in 2018 to $28.4B in 2023.
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 2023, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).
