Flag South Korea / Japan Flag

2019
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Exports
: $28.3B, Rnk 5 / 215

2019
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Top Product
: $3.95B, Refined Petroleum

2019
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Exports
: $44.9B, Rnk 3 / 213

2019
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Top Product
: $2.02B, 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 2.2, Rnk 1 / 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
: $5.08T, CURRENT US$
Rnk 3 / 187

2009-2019
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GDP GROWTH
: -2.86%, CURRENT US$
Rnk 175 / 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
: $40,247, CURRENT US$
Rnk 27 / 187

2009-2019
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GDP PC GROWTH
: -1.49%, CURRENT US$
Rnk 165 / 187

South Korea-Japan: In 2019, South Korea exported $28.3B to Japan. The main products that South Korea exported to Japan are Refined Petroleum ($3.95B), Integrated Circuits ($801M), and Hot-Rolled Iron ($795M). During the last 24 years the exports of South Korea to Japan have increased at an annualized rate of 2.14%, from $17B in 1995 to $28.3B in 2019.

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.

Japan-South Korea: In 2019, Japan exported $44.9B to South Korea . The main products that Japan exported to South Korea were Integrated Circuits ($2.02B), Machinery Having Individual Functions ($1.96B), and Hot-Rolled Iron ($1.61B). During the last 24 years the exports of Japan to South Korea have increased at an annualized rate of 1.59%, from $30.8B in 1995 to $44.9B in 2019.

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.

Comparison: In 2019,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.9), and 6 in total exports ($555B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.2), and 4 in total exports ($696B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2019, South Korea exported $28.3B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($3.95B), Integrated Circuits ($801M), and Hot-Rolled Iron ($795M). During the last 24 years the exports of South Korea to Japan have increased at an annualized rate of 2.14%, from $17B in 1995 to $28.3B in 2019.

In 2019, Japan exported $44.9B to South Korea. The main products exported from Japan to South Korea were Integrated Circuits ($2.02B), Machinery Having Individual Functions ($1.96B), and Hot-Rolled Iron ($1.61B). During the last 24 years the exports of Japan to South Korea have increased at an annualized rate of 1.59%, from $30.8B in 1995 to $44.9B in 2019.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $136B

Japan
Top Destination
: United States, $134B

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

In 2019, countries that imported more from South Korea than Japan were Vietnam ($47.8B), China ($136B), and India ($15.3B).

In 2019, countries that imported more from Japan than South Korea were United States ($134B), Chinese Taipei ($41.6B), and Thailand ($28.9B).

Comparative Advantage South Korea - Japan

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Depth

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

During 2019, South Korea had a large net trade with Japan in the exports of Machines ($7.33B), Metals ($4.97B), and Mineral Products ($4.39B).

During 2019, Japan had a large net trade with South Korea in the exports of Machines ($13.6B), Chemical Products ($8.49B), and Metals ($7.25B).

Tariff Section

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This section shows import tariffs for products traded between South Korea and Japan (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 Japan were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

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%).

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

Bilateral Service Trade

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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.

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.

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 Japan. Similarly, the more red a dot/product is, the more Japan has comparative advantage over South Korea.