Flag South Korea / Japan Flag

2020
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Exports
: $25.1B, Rnk 5 / 218

2020
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Top Product
: $2.75B, Refined Petroleum

2020
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Exports
: $42.9B, Rnk 3 / 213

2020
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Top Product
: $2.74B, Photo Lab Equipment

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI 2.19, Rnk 1 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $5.06T, CURRENT US$
Rnk 3 / 195

2010-2020
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GDP GROWTH
: -12.2%, CURRENT US$
Rnk 180 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $40,193, CURRENT US$
Rnk 25 / 195

2010-2020
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GDP PC GROWTH
: -10.6%, CURRENT US$
Rnk 161 / 195

South Korea-Japan In 2020, South Korea exported $25.1B to Japan. The main products that South Korea exported to Japan are Refined Petroleum ($2.75B), Silver ($945M), and Integrated Circuits ($728M). During the last 25 years the exports of South Korea to Japan have increased at an annualized rate of 1.5%, from $17.3B in 1995 to $25.1B in 2020.

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 2020, Japan exported $42.9B to South Korea . The main products that Japan exported to South Korea were Photo Lab Equipment ($2.74B), Integrated Circuits ($2.26B), and Machinery Having Individual Functions ($2.19B). During the last 25 years the exports of Japan to South Korea have increased at an annualized rate of 1.36%, from $30.6B in 1995 to $42.9B in 2020.

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 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, South Korea exported $25.1B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($2.75B), Silver ($945M), and Integrated Circuits ($728M). During the last 25 years the exports of South Korea to Japan have increased at an annualized rate of 1.5%, from $17.3B in 1995 to $25.1B in 2020.

In 2020, Japan exported $42.9B to South Korea. The main products exported from Japan to South Korea were Photo Lab Equipment ($2.74B), Integrated Circuits ($2.26B), and Machinery Having Individual Functions ($2.19B). During the last 25 years the exports of Japan to South Korea have increased at an annualized rate of 1.36%, from $30.6B in 1995 to $42.9B in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Japan
Top Destination
: China, $133B

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 ($48B), Hong Kong ($30.9B), and Marshall Islands ($4.84B).

In 2019, countries that imported more from Japan than South Korea were United States ($112B), Chinese Taipei ($42.7B), and Thailand ($24.5B).

Comparative Advantage South Korea - Japan

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Flow

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

During 2020, South Korea had a large net trade with Japan in the exports of Machines ($6.68B), Metals ($4.03B), and Chemical Products ($3.2B).

During 2020, Japan had a large net trade with South Korea in the exports of Machines ($13.8B), Chemical Products ($7.53B), and Instruments ($6.03B).

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 2019, the products from Japan that paid the highest import tariffs to enter South Korea were Vermouth and other flavoured grape wines - pack < 2l (1.19M%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (765k%).

*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 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.