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2022
Flag → Flag
Exports $11.2BRnk 13 / 220
2022
Flag → Flag
Top Product $1.7BCars
2022
Flag → Flag
Exports $22.7BRnk 17 / 223
2022
Flag → Flag
Top Product $7.24BCars
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

South Korea-Germany Trade: In 2022, South Korea exported $11.2B to Germany. The main products that South Korea exported to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). Over the past 5 years the exports of South Korea to Germany have increased at an annualized rate of 2.86%, from $9.73B in 2017 to $11.2B in 2022.

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.

Germany-South Korea Trade: In 2022, Germany exported $22.7B to South Korea. The main products that Germany exported to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). Over the past 5 years the exports of Germany to South Korea have increased at an annualized rate of 3.09%,  from $19.5B in 2017 to $22.7B in 2022.

In 2020, Germany exported services to South Korea worth $2.27B, with Other business services ($958M), Transportation ($719M), and Royalties and license fees ($369M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

N/A

About

Overview In N/A, South Korea exported $N/A and imported $N/A from Germany, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of South Korea have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of South Korea to Germany were Cars, tractors, trucks & parts thereof. ($224M), Electrical machinery and electronics ($191M), Machinery, mechanical appliances, & parts ($91M), Plastics & articles thereof ($46.2M), and Optical, photo, & film equipment; medical... ($25.9M). In N/A the top imports of South Korea from Germany were Cars, tractors, trucks & parts thereof. ($656M), Machinery, mechanical appliances, & parts ($333M), Electrical machinery and electronics ($229M), Optical, photo, & film equipment; medical... ($153M), and Pharmaceutical products ($118M).

Growth In N/A, the N/A in South Korea's year-by-year exports to Germany was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-47.3M or -34.2%), Pharmaceutical products ($-24.8M or -56%), and Chemical products n.e.s. ($-23.4M or -75.1%). In N/A, the N/A in South Korea's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Organic chemicals ($-22M or -29.8%), Precious stones, metals, & pearls ($-14.9M or -65.5%), and Miscellaneous edible preparations ($-8.06M or -35.9%).

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Germany and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11.2B to Germany. The main products exported from South Korea to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). During the last 5 years the exports of South Korea to Germany have increased at an annualized rate of 2.86%, from $9.73B in 2017 to $11.2B in 2022.

In 2017, Germany exported $22.7B to South Korea. The main products exported from Germany to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). During the last 5 years the exports of Germany to South Korea have increased at an annualized rate of 3.09%, from $19.5B in 2022 to $22.7B in 2017.

Exports from South Korea (Flag) to Germany (Flag) (2022)

Exports from Germany (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from South Korea than Germany included Vietnam ($60.7B), China ($150B), and Hong Kong ($28.9B).

In 2022, countries that imported more from Germany than South Korea included France ($120B), Netherlands ($109B), and Austria ($86.5B).

Difference in imports from Germany (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Germany

Flow
Scale

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

During 2022, South Korea had a large net trade with Germany in the exports of Machines ($4.84B), Transportation ($2.5B), and Plastics and Rubbers ($1.16B).

During 2017, Germany had a large net trade with South Korea in the exports of Transportation ($8.63B), Machines ($6.01B), and Chemical Products ($3.25B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Germany+$808MCars
Top Product Potential Germany South Korea+$238MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.

In 2020, Germany exported services to South Korea worth $2.27B, with Other business services ($958M), Transportation ($719M), and Royalties and license fees ($369M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Germany (Flag) (2005)

Services Exports from Germany (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Germany. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Germany. Similarly, a dot/product with the flag of Germany indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Germany (Flag) (2022)

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