Flag Japan / South Korea Flag

Exports Flag β†’ Flag  (2018): $51.5B, Rnk 3 / 207

Top Product Flag β†’ Flag (2018): $3.93B, Photo Lab Equipment

Exports Flag β†’ Flag (2018): $30.8B, Rnk 5 / 210

Top Product Flag β†’ Flag (2018): $4.91B, Refined Petroleum

Economic Complexity of Flag (2018): ECI 2.17, Rnk 1 / 137

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

GDP Flag (2018): $4.97T, CURRENT US$
Rnk 3 / 196

GDP GROWTH Flag (2008-2018): -1.32%, CURRENT US$
Rnk 169 / 196

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP PC Flag (2018): $39,290, CURRENT US$
Rnk 27 / 196

GDP PC GROWTH Flag (2008-2018): -0.13%, CURRENT US$
Rnk 146 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

Japan-South Korea: In 2018, Japan exported $51.5B to South Korea. The main products exported from Japan to South Korea were Photo Lab Equipment ($3.93B), Machinery Having Individual Functions ($2.42B), and Integrated Circuits ($2.06B). During the last 23 years the exports of Japan to South Korea have increased at an annualized rate of 2.25%, from $30.9B in 1995 to $51.5B in 2018. 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 2018, South Korea exported $30.8B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.91B), Integrated Circuits ($1.07B), and Vehicle Parts ($737M). During the last 23 years the exports of South Korea to Japan have increased at an annualized rate of 2.56%, from $17.2B in 1995 to $30.8B in 2018. 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 2018, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). In terms of GDP Per Capita, Japan was ranked 27 with a GDP Per Capita of $39,290, and South Korea was ranked 34 with a GDP Per Capita of $31,363.

Bilateral Trade by Products

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Depth
Value

In 2018, Japan exported $51.5B to South Korea. The main products exported from Japan to South Korea were Photo Lab Equipment ($3.93B), Machinery Having Individual Functions ($2.42B), and Integrated Circuits ($2.06B). During the last 23 years the exports of Japan to South Korea have increased at an annualized rate of 2.25%, from $30.9B in 1995 to $51.5B in 2018.

In 2018, South Korea exported $30.8B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.91B), Integrated Circuits ($1.07B), and Vehicle Parts ($737M). During the last 23 years the exports of South Korea to Japan have increased at an annualized rate of 2.56%, from $17.2B in 1995 to $30.8B in 2018.

Market Competitiveness

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Measure

Japan
Top Destination
: China, $139B

South Korea
Top Destination
: China, $160B

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 2018, countries that imported more from Japan than South Korea were United States ($135B), Thailand ($31.6B), and Chinese Taipei ($41.1B).

In 2018, countries that imported more from South Korea than Japan were Vietnam ($48.6B), China ($160B), and Hong Kong ($44.5B).

Comparative Advantage Japan - South Korea

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Depth

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

During 2018, Japan had a large net trade with South Korea in the exports of Machines ($15B), Chemical Products ($9.11B), and Instruments ($8.16B).

During 2018, South Korea had a large net trade with Japan in the exports of Machines ($7.82B), Mineral Products ($5.41B), and Metals ($5.12B).

Tariff Section

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This sections shows import tariffs for products traded between Japan and South Korea (using the HS6 product classification and the last year reported).

In 2018, the products from Japan that paid the highest import tariffs to enter South Korea were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Japan were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

Explore Tariff Data

*The tariffs present between Japan and South Korea are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Japan and South Korea. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Japan has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Japan.