Exports In 2020, South Korea exported $89.1B in Integrated Circuits, making it the 3rd 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 ($37.5B), Hong Kong ($18.4B), Vietnam ($10.5B), Chinese Taipei ($6.9B), and Singapore ($3.61B).
The fastest growing export markets for Integrated Circuits of South Korea between 2019 and 2020 were China ($3.61B), Chinese Taipei ($2.1B), and Singapore ($735M).
Imports In 2020, South Korea imported $38.6B 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 ($16.3B), Chinese Taipei ($9.71B), United States ($2.94B), Singapore ($2.83B), and Japan ($2.26B).
The fastest growing import markets in Integrated Circuits for South Korea between 2019 and 2020 were Chinese Taipei ($1.99B), China ($1.28B), and Singapore ($1.05B).
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 (Most Favoured Nation duty rate treatement, 5.92%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 5.92%), Cameroon (Most Favoured Nation duty rate treatement, 5.92%), Republic of the Congo (Most Favoured Nation duty rate treatement, 5.92%), and Cape Verde (Most Favoured Nation duty rate treatement, 5.92%).