Flag South Korea / China Flag

2019
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Exports
: $136B, Rnk 1 / 215

2019
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Top Product
: $33.8B, Integrated Circuits

2019
FlagFlag
Exports
: $108B, Rnk 4 / 209

2019
FlagFlag
Top Product
: $15.1B, Integrated Circuits

2019
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Economic Complexity (ECI)
: ECI 1.9, Rnk 5 / 146

2019
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Economic Complexity (ECI)
: ECI 1.01, Rnk 29 / 146

2019
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GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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 GDP
: $14.3T, CURRENT US$
Rnk 2 / 187

2009-2019
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GDP GROWTH
: 181%, CURRENT US$
Rnk 6 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

2019
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GDP PC
: $10,262, CURRENT US$
Rnk 71 / 187

2009-2019
Flag
GDP PC GROWTH
: 168%, CURRENT US$
Rnk 2 / 187

South Korea-China In 2019, South Korea exported $136B to China. The main products that South Korea exported to China are Integrated Circuits ($33.8B), Refined Petroleum ($6.5B), and Cyclic Hydrocarbons ($6.36B). During the last 24 years the exports of South Korea to China have increased at an annualized rate of 11.8%, from $9.36B in 1995 to $136B in 2019.

In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

China-South Korea In 2019, China exported $108B to South Korea . The main products that China exported to South Korea were Integrated Circuits ($15.1B), Broadcasting Equipment ($4.85B), and Office Machine Parts ($3.69B). During the last 24 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.07B in 1995 to $108B in 2019.

In 2019, China did not export any services to South Korea.

Comparison In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B). That same year, China ranked 29 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($2.57T).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, South Korea exported $136B to China. The main products exported from South Korea to China were Integrated Circuits ($33.8B), Refined Petroleum ($6.5B), and Cyclic Hydrocarbons ($6.36B). During the last 24 years the exports of South Korea to China have increased at an annualized rate of 11.8%, from $9.36B in 1995 to $136B in 2019.

In 2019, China exported $108B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($15.1B), Broadcasting Equipment ($4.85B), and Office Machine Parts ($3.69B). During the last 24 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.07B in 1995 to $108B in 2019.

South Korea Exports

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Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

China
Top Destination
: United States, $429B

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

In 2019, countries that imported more from South Korea than China were Bahamas ($2.79B), Marshall Islands ($3.44B), and Guam ($188M).

In 2019, countries that imported more from China than South Korea were United States ($429B), Hong Kong ($268B), and Japan ($152B).

Comparative Advantage South Korea - China

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Depth

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

During 2019, South Korea had a large net trade with China in the exports of Machines ($70.5B), Chemical Products ($18.7B), and Instruments ($11.4B).

During 2019, China had a large net trade with South Korea in the exports of Machines ($52.3B), Metals ($11.4B), and Chemical Products ($9.54B).

Tariff Section

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

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

In 2018, the products from China that paid the highest import tariffs to enter South Korea were Cereals, hulled, pearled, sliced or kibbled nes (65%) and Homogenized or reconstituted tobacco (57%).

*The tariffs present between South Korea and China are:
136: Most Favoured Nation duty rate treatement
184: Preferential tariff for China
343: Preferential trade agreement (APTA) Asia-Pacific Trade Agreement or (Previously named:Bangkok Agreement)

Bilateral Service Trade

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In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) 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 South Korea has comparative advantage over China. Similarly, the more red a dot/product is, the more China has comparative advantage over South Korea.