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2022
Exports $121BWorld Rnk 3 / 226
Flag Rnk 1 / 1204
2022
Destination $2.79B China
2021 - 2022
FASTEST GROWING MARKET $2.79BVietnam
2022
PRODUCT COMPLEXITY IN Integrated Circuits1.48Rnk 56 / 1025
2022
Imports $56.4BWorld Rnk 5 / 225
Flag Rnk 2 / 1213
2022
Origin $3.46B China
2021 - 2022
FASTEST GROWING ORIGIN $3.46BChinese Taipei
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $121B 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 ($50.3B), Hong Kong ($17.5B), Vietnam ($15.9B), Chinese Taipei ($13.5B), and Singapore ($7.89B).

The fastest growing export markets for Integrated Circuits of South Korea between 2021 and 2022 were Vietnam ($2.79B), Singapore ($2.51B), and China ($2.07B).

Imports In 2022, South Korea imported $56.4B 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 ($23.3B), Chinese Taipei ($16.5B), Japan ($4.14B), Singapore ($3.28B), and Malaysia ($2.94B).

The fastest growing import markets in Integrated Circuits for South Korea between 2021 and 2022 were Chinese Taipei ($3.46B), China ($2.52B), and Japan ($1.26B).

COMPANIES In 2023, leading companies such as LG Electronics (8), General Motors (2), and American Omni Trading Company (1) were at the forefront of shipping Integrated Circuits from South Korea to the United States.

Latest Trends

October 2024

About

Overview In October 2024 South Korea's Integrated Circuits exports accounted up to $10.8B and imports accounted up to $5.63B, resulting in a positive trade balance of $5.21B. Between October 2023 and October 2024 the exports of South Korea's   Integrated Circuits have increased by $3.01B (38.4%) from $7.83B to $10.8B, while imports increased by $1.03B (22.3%) from $4.6B to $5.63B.

Destinations In October 2024, Integrated Circuits were exported mostly to China ($3.7B), Chinese Taipei ($2.46B), Vietnam ($1.68B), Hong Kong ($1.39B), and Malaysia ($410M), and were imported mostly from Chinese Taipei ($2.09B), China ($1.61B), Japan ($721M), Singapore ($387M), and United States ($292M).

Growth In October 2024, the increase in Integrated Circuits's year-by-year exports was explained primarily by an increase in exports to Malaysia ($20.1M or 16.5%), Poland ($11.9M or 51.8%), and Malta ($8.79M or 315%). In October 2024, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Japan ($314M or 99.2%), Malaysia ($58.4M or 37.8%), and Unknown ($50.5M or 224%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$3.01B(38.4%)
IMPORT GROWTH (October 2023 - October 2024)$1.03B(22.3%)
MAIN DESTINATION (October 2024)China$3.7B

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 (2022)$121B
IMPORTS (2022)$56.4B
NET TRADE (2022)$64.7B

In 2022, South Korea exported $121B in Integrated Circuits. The main destinations of South Korea exports on Integrated Circuits were China ($50.3B), Hong Kong ($17.5B), Vietnam ($15.9B), Chinese Taipei ($13.5B), and Singapore ($7.89B).

In 2022, South Korea imported $56.4B in Integrated Circuits, mainly from China ($23.3B), Chinese Taipei ($16.5B), Japan ($4.14B), Singapore ($3.28B), and Malaysia ($2.94B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$2.79B (21.4%)
Singapore$2.51B (46.6%)
China$2.07B (4.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY South Korea WERE (2021 - 2022):
Hong Kong-$6.59B (-27.3%)
Japan-$240M (-19.7%)
Netherlands-$84.1M (-42.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Integrated Circuits were:
Chinese Taipei $223B
China $212B
In 2022, South Korea's main importing competitors in Integrated Circuits were:
China $232B
Hong Kong $201B
Chinese Taipei $80.9B

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.13B
TOP IMPORT POTENTIALPhilippines+ $622M

Integrated Circuits’s highest export potential is United States. With an export gap of $1.13B.   Integrated Circuits’s highest import potential is Philippines with an import gap of $622M.

See methodology.

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