United States-South Korea In 2020, United States exported $53.4B to South Korea. The main products that United States exported to South Korea are Crude Petroleum ($4.88B), Petroleum Gas ($3.72B), and Photo Lab Equipment ($3.28B). During the last 25 years the exports of United States to South Korea have increased at an annualized rate of 2.82%, from $26.7B in 1995 to $53.4B in 2020.
In 2017, United States exported services to South Korea worth $24.3B, with Travel ($8.34B), Royalties and license fees ($5.77B), and Transportation ($4.01B) being the largest in terms of value.
South Korea-United States In 2020, South Korea exported $75B to United States. The main products that South Korea exported to United States were Cars ($16.1B), Office Machine Parts ($6.02B), and Motor vehicles; parts and accessories (8701 to 8705) ($4.61B). During the last 25 years the exports of South Korea to United States have increased at an annualized rate of 4.58%, from $24.5B in 1995 to $75B in 2020.
In 2005, South Korea exported services to United States worth $11.3B, with Transportation ($5.54B), Other business services ($3.23B), and Government services, n.i.e. ($855M) being the largest in terms of value.
Comparison In 2020, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).