Integrated Circuits in South Korea

EXPORTS (2018): $113B, World Rnk 1 / 206
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TOP DESTINATION (2018): $47.6B, China

FASTEST GROWING MARKET (2017 - 2018): $8.63B, Hong Kong

IMPORTS (2018): $32B, World Rnk 5 / 215
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TOP ORIGIN (2018): $12B, China

FASTEST GROWING ORIGIN (2017 - 2018): $1.82B, China

ECONOMIC COMPLEXITY of South Korea (2018): 1.85, Rnk 5 / 137

Overview: This page contains the latest trade data of Integrated Circuits in South Korea.

Exports: In 2018, South Korea exported $113B in Integrated Circuits, making it the 1st largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 1st most exported product in South Korea. The main destination of Integrated Circuits exports from South Korea are: China ($47.6B), Hong Kong ($30.4B), Vietnam ($10B), Chinese Taipei ($6.72B), and Philippines ($5.56B).

The fastest growing export markets for Integrated Circuits of South Korea between 2017 and 2018 were Hong Kong ($8.63B), Philippines ($3.05B), and Chinese Taipei ($2.69B).

Imports: In 2018, South Korea imported $32B in Integrated Circuits, becoming the 5th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 2nd most imported product in South Korea. South Korea imports Integrated Circuits primarily from: China ($12B), Chinese Taipei ($7.73B), United States ($3.25B), Singapore ($2.28B), and Japan ($2.06B).

The fastest growing import markets in Integrated Circuits for South Korea between 2017 and 2018 were China ($1.82B), Malaysia ($392M), and Hong Kong ($78M).

Tariffs: In 2018, the average tariff for South Korea in Integrated Circuits was 3.7%. The countries with the highest import tariffs for Integrated Circuits were Botswana (5.92%), Cote d'Ivoire (5.92%), Cameroon (5.92%), Republic of the Congo (5.92%), and Cape Verde (5.92%).

Value

EXPORTS (2018): $113B

IMPORTS (2018): $32B

NET TRADE (2018): $81.1B

In 2018, South Korea exported $113B in Integrated Circuits. The main destinations of South Korea exports on Integrated Circuits were China ($47.6B), Hong Kong ($30.4B), Vietnam ($10B), Chinese Taipei ($6.72B), and Philippines ($5.56B).

In 2018, South Korea imported $32B in Integrated Circuits, mainly from China ($12B), Chinese Taipei ($7.73B), United States ($3.25B), Singapore ($2.28B), and Japan ($2.06B).

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IN 2018, South Korea HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:

  • China, $35.6B ($47.6B - $12B)
  • Hong Kong, $29.6B ($30.4B - $806M)
  • Vietnam, $9.78B ($10B - $264M)

IN 2018, South Korea HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:

  • United States, -$1.6B ($1.65B - $3.25B)
  • Chinese Taipei, -$1.01B ($6.72B - $7.73B)
  • Japan, -$987M ($1.07B - $2.06B)
Flow

THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR South Korea WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY South Korea WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, South Korea's main exporting competitors in Integrated Circuits were:

In 2018, South Korea's main importing competitors in Integrated Circuits were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Integrated Circuits in South Korea. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for South Korea in Integrated Circuits was 3.7%.

The countries with the highest tariffs for Integrated Circuits in South Korea were Botswana (5.92%), Cote d'Ivoire (5.92%), Cameroon (5.92%), Republic of the Congo (5.92%), and Cape Verde (5.92%).

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