2021
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GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
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GDP GROWTH
44.5%CURRENT US$
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2021
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 GDP
$17.8TCURRENT US$
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2011-2021
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GDP GROWTH
136%CURRENT US$
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2021
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GDP PC 
$34,998CURRENT US$
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2011-2021
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GDP PC GROWTH
39.5%CURRENT US$
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2021
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GDP PC
$12,618CURRENT US$
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2011-2021
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GDP PC GROWTH
125%CURRENT US$
Rnk 5 / 204

About

South Korea-China In 2021, South Korea exported $158B to China. The main products that South Korea exported to China are Integrated Circuits ($48.1B), Cyclic Hydrocarbons ($5.98B), and Refined Petroleum ($5.92B). During the last 26 years the exports of South Korea to China have increased at an annualized rate of 11.4%, from $9.56B in 1995 to $158B in 2021.

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 2021, China exported $140B to South Korea. The main products that China exported to South Korea were Integrated Circuits ($20.8B), Computers ($5.07B), and Broadcasting Equipment ($4.44B). During the last 26 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.37B in 1995 to $140B in 2021.

In 2021, China did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, China ranked 25 in the Economic Complexity Index (ECI 1.07), and 1 in total exports ($3.34T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, South Korea exported $158B to China. The main products exported from South Korea to China were Integrated Circuits ($48.1B), Cyclic Hydrocarbons ($5.98B), and Refined Petroleum ($5.92B). During the last 26 years the exports of South Korea to China have increased at an annualized rate of 11.4%, from $9.56B in 1995 to $158B in 2021.

In 2021, China exported $140B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($20.8B), Computers ($5.07B), and Broadcasting Equipment ($4.44B). During the last 26 years the exports of China to South Korea have increased at an annualized rate of 12%, from $7.37B in 1995 to $140B in 2021.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$158B
China
Top Destination
United States$530B

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 2021, countries that imported more from South Korea than China were Malta ($3.04B), Bermuda ($569M), and Bahamas ($875M).

In 2021, countries that imported more from China than South Korea were United States ($530B), Hong Kong ($323B), and Japan ($168B).

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

Comparative Advantage South Korea - China

Flow
Scale

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

During 2021, South Korea had a large net trade with China in the exports of Machines ($82.5B), Chemical Products ($22B), and Plastics and Rubbers ($14B).

During 2021, China had a large net trade with South Korea in the exports of Machines ($65.2B), Metals ($15.3B), and Chemical Products ($12.5B).

Service Trade

Bilateral Service Trade

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.

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

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

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