HS Icon Cars in  Flag South Korea

2019
Exports | Imports
: $40.8B | $10.1B, World Rnk 6 / 221
Flag Rnk 2 / 1200 | World Rnk 17 / 225
Flag Rnk 6 / 1209

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.11B | $235M, United States |  Slovakia

2019
ECONOMIC COMPLEXITY of South Korea
: 1.9, Rnk 5 / 147

2019
PRODUCT COMPLEXITY  IN Cars
: 0.84, Rnk 237 / 1029

Exports In 2019, South Korea exported $40.8B in Cars, making it the 6th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in South Korea. The main destination of Cars exports from South Korea are: United States ($16.1B), Canada ($2.59B), Australia ($2.05B), Russia ($2.03B), and Germany ($1.57B).

The fastest growing export markets for Cars of South Korea between 2018 and 2019 were United States ($2.11B), Canada ($307M), and Iraq ($262M).

Imports In 2019, South Korea imported $10.1B in Cars, becoming the 17th largest importer of Cars in the world. At the same year, Cars was the 6th most imported product in South Korea. South Korea imports Cars primarily from: Germany ($5.2B), United States ($1.85B), Japan ($787M), United Kingdom ($594M), and Austria ($290M).

The fastest growing import markets in Cars for South Korea between 2018 and 2019 were Slovakia ($235M), United States ($120M), and Sweden ($20.7M).

Tariffs In 2018, the average tariff for South Korea in Cars was 5.02%. The countries with the highest import tariffs for Cars were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).

June 2021

Subnational Monthly Trade

#permalink to section
Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): $1.47B, (62%)

IMPORT GROWTH (June 2020 - June 2021): $462M, (56%)

MAIN DESTINATION (June 2021): United States, $1.52B

This section shows Cars's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cars over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

#permalink to section
Value
Compare to

EXPORTS (2019): $40.8B

IMPORTS (2019): $10.1B

NET TRADE (2019): $30.7B

In 2019, South Korea exported $40.8B in Cars. The main destinations of South Korea exports on Cars were United States ($16.1B), Canada ($2.59B), Australia ($2.05B), Russia ($2.03B), and Germany ($1.57B).

In 2019, South Korea imported $10.1B in Cars, mainly from Germany ($5.2B), United States ($1.85B), Japan ($787M), United Kingdom ($594M), and Austria ($290M).

Explore Visualizations

IN 2019, South Korea HAD A POSITIVE NET TRADE IN Cars WITH:

IN 2019, South Korea HAD A NEGATIVE NET TRADE IN Cars WITH:

Flow

THE FASTEST GROWING Cars EXPORT MARKETS FOR South Korea WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY South Korea WERE (2018 - 2019):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2019, South Korea's main exporting competitors in Cars were:

In 2019, South Korea's main importing competitors in Cars were:

Explore Visualizations

Tariffs by Country

#permalink to section

In 2018, the average tariff for South Korea in Cars was 5.02%.

The countries with the highest tariffs for Cars in South Korea were Botswana (Most Favoured Nation duty rate treatement, 8%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 8%), Cameroon (Most Favoured Nation duty rate treatement, 8%), Republic of the Congo (Most Favoured Nation duty rate treatement, 8%), and Cape Verde (Most Favoured Nation duty rate treatement, 8%).