HS Icon Integrated Circuits in  Flag South Korea

2020
Exports | Imports
: $89.1B | $38.6B, World Rnk 3 / 222
Flag Rnk 1 / 1207 | World Rnk 5 / 223
Flag Rnk 2 / 1211

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.61B | $1.99B, China |  Chinese Taipei


ECONOMIC COMPLEXITY of South Korea
: 1.88, Rnk 5 / 127


PRODUCT COMPLEXITY  IN Integrated Circuits
: 1.46, Rnk 62 / 1028

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%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (February 2021 - February 2022): $1.76B, (24.5%)

IMPORT GROWTH (February 2021 - February 2022): $1.18B, (35.6%)

MAIN DESTINATION (February 2022): China, $3.94B

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

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EXPORTS (2020): $89.1B

IMPORTS (2020): $38.6B

NET TRADE (2020): $50.5B

In 2020, South Korea exported $89.1B in Integrated Circuits. The main destinations of South Korea exports on Integrated Circuits were China ($37.5B), Hong Kong ($18.4B), Vietnam ($10.5B), Chinese Taipei ($6.9B), and Singapore ($3.61B).

In 2020, South Korea imported $38.6B in Integrated Circuits, mainly from China ($16.3B), Chinese Taipei ($9.71B), United States ($2.94B), Singapore ($2.83B), and Japan ($2.26B).

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IN 2020, South Korea HAD A POSITIVE NET TRADE IN Integrated Circuits WITH:

IN 2020, South Korea HAD A NEGATIVE NET TRADE IN Integrated Circuits WITH:

Flow

THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR South Korea WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY South Korea WERE (2019 - 2020):

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Market Concentration

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

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

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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 (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%).