Flag South Korea / Japan Flag

2021
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Exports
: $30.1B, Rnk 5 / 218

2021
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Top Product
: $4.48B, Refined Petroleum

2021
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Exports
: $51.1B, Rnk 4 / 211

2021
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Top Product
: $3.95B, Photo Lab Equipment

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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Economic Complexity (ECI)
: ECI 2.06, Rnk 1 / 131

2021
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GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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 GDP
: $4.94T, CURRENT US$
Rnk 3 / 182

2011-2021
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GDP GROWTH
: -20.8%, CURRENT US$
Rnk 173 / 182

2021
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GDP PC 
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

2021
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GDP PC
: $39,285, CURRENT US$
Rnk 26 / 182

2011-2021
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GDP PC GROWTH
: -19.4%, CURRENT US$
Rnk 161 / 182

South Korea-Japan In 2021, South Korea exported $30.1B to Japan. The main products that South Korea exported to Japan are Refined Petroleum ($4.48B), Silver ($1.34B), and Integrated Circuits ($1.2B). During the last 26 years the exports of South Korea to Japan have increased at an annualized rate of 2.16%, from $17.3B in 1995 to $30.1B in 2021.

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 2021, Japan exported $51.1B to South Korea. The main products that Japan exported to South Korea were Photo Lab Equipment ($3.95B), Integrated Circuits ($2.87B), and Machinery Having Individual Functions ($1.94B). During the last 26 years the exports of Japan to South Korea have increased at an annualized rate of 1.95%, from $30.9B in 1995 to $51.1B in 2021.

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 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.06), and 4 in total exports ($731B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, South Korea exported $30.1B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.48B), Silver ($1.34B), and Integrated Circuits ($1.2B). During the last 26 years the exports of South Korea to Japan have increased at an annualized rate of 2.16%, from $17.3B in 1995 to $30.1B in 2021.

In 2021, Japan exported $51.1B to South Korea. The main products exported from Japan to South Korea were Photo Lab Equipment ($3.95B), Integrated Circuits ($2.87B), and Machinery Having Individual Functions ($1.94B). During the last 26 years the exports of Japan to South Korea have increased at an annualized rate of 1.95%, from $30.9B in 1995 to $51.1B in 2021.

Market Competitiveness

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Color

South Korea
Top Destination
: China, $158B

Japan
Top Destination
: China, $153B

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 2021, countries that imported more from South Korea than Japan were Vietnam ($56.5B), Hong Kong ($38.2B), and China ($158B).

In 2021, countries that imported more from Japan than South Korea were United States ($128B), Chinese Taipei ($52.5B), and Thailand ($31.2B).

Comparative Advantage South Korea - Japan

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Flow
Scale

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

During 2021, South Korea had a large net trade with Japan in the exports of Machines ($7.26B), Metals ($5.08B), and Mineral Products ($5.01B).

During 2021, Japan had a large net trade with South Korea in the exports of Machines ($14.7B), Chemical Products ($8.5B), and Metals ($8.31B).

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 yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over South Korea.