Exports In 2020, South Korea exported $31.2B in Plastics and articles thereof, making it the 4th largest exporter of Plastics and articles thereof in the world. At the same year, Plastics and articles thereof was the 4th most exported product in South Korea. The main destination of Plastics and articles thereof exports from South Korea are: China ($10.2B), Vietnam ($2.99B), United States ($2.96B), Japan ($1.45B), and India ($1.29B).
The fastest growing export markets for Plastics and articles thereof of South Korea between 2019 and 2020 were China ($454M), Poland ($126M), and Hungary ($112M).
Imports In 2020, South Korea imported $10.8B in Plastics and articles thereof, becoming the 17th largest importer of Plastics and articles thereof in the world. At the same year, Plastics and articles thereof was the 9th most imported product in South Korea. South Korea imports Plastics and articles thereof primarily from: China ($3.2B), Japan ($2.93B), United States ($1.51B), Germany ($507M), and Chinese Taipei ($366M).
The fastest growing import markets in Plastics and articles thereof for South Korea between 2019 and 2020 were China ($211M), Vietnam ($20.1M), and Belgium ($15.8M).
Tariffs In 2018, the average tariff for South Korea in Plastics and articles thereof was 4.15%. The countries with the highest import tariffs for Plastics and articles thereof were Cameroon (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Algeria (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Egypt (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), Ghana (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%), and Libya (Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries, 7.2%).