2021
Exports | Imports
$116B | $47.4BWorld Rnk 3 / 224
Flag Rnk 1 / 1206
World Rnk 5 / 224
Flag Rnk 2 / 1211
2021
ECONOMIC COMPLEXITY of South Korea
1.82Rnk 4 / 131
2021
PRODUCT COMPLEXITY IN Integrated Circuits
1.45Rnk 62 / 1024

About

Exports In 2021, South Korea exported $116B 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 ($48.1B), Hong Kong ($24.1B), Vietnam ($13B), Chinese Taipei ($11.4B), and Singapore ($5.27B).

The fastest growing export markets for Integrated Circuits of South Korea between 2020 and 2021 were China ($10.6B), Hong Kong ($5.73B), and Chinese Taipei ($4.57B).

Imports In 2021, South Korea imported $47.4B 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 ($20.8B), Chinese Taipei ($13B), Japan ($2.87B), United States ($2.78B), and Singapore ($2.55B).

The fastest growing import markets in Integrated Circuits for South Korea between 2020 and 2021 were China ($4.49B), Chinese Taipei ($3.26B), and Japan ($604M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$1.3B(16.9%)
IMPORT GROWTH (December 2022 - December 2023)$-607M(-12.6%)
MAIN DESTINATION (December 2023)China$3B

This section shows Integrated Circuits'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 Integrated Circuits over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$116B
IMPORTS (2021)$47.4B
NET TRADE (2021)$68.3B

In 2021, South Korea exported $116B in Integrated Circuits. The main destinations of South Korea exports on Integrated Circuits were China ($48.1B), Hong Kong ($24.1B), Vietnam ($13B), Chinese Taipei ($11.4B), and Singapore ($5.27B).

In 2021, South Korea imported $47.4B in Integrated Circuits, mainly from China ($20.8B), Chinese Taipei ($13B), Japan ($2.87B), United States ($2.78B), and Singapore ($2.55B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR South Korea WERE (2020 - 2021):
China$10.6B (28.3%)
Hong Kong$5.73B (31.1%)
Chinese Taipei$4.57B (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY South Korea WERE (2020 - 2021):
Mexico-$1.25B (-74.9%)
Czechia-$35M (-46.9%)
Portugal-$29.3M (-69.8%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, South Korea's main exporting competitors in Integrated Circuits were:
In 2021, South Korea's main importing competitors in Integrated Circuits were:

Explore Visualizations

Trade Value of Integrated Circuits by Exporters

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