Exports In 2020, South Korea exported $55.8B in Vehicles, making it the 6th largest exporter of Vehicles in the world. At the same year, Vehicles was the 3rd most exported product in South Korea. The main destination of Vehicles exports from South Korea are: United States ($21.4B), Canada ($2.94B), Russia ($2.67B), Australia ($1.89B), and Saudi Arabia ($1.83B).
The fastest growing export markets for Vehicles of South Korea between 2019 and 2020 were Saudi Arabia ($288M), Pakistan ($217M), and Turkey ($137M).
Imports In 2020, South Korea imported $17.9B in Vehicles, becoming the 16th largest importer of Vehicles in the world. At the same year, Vehicles was the 5th most imported product in South Korea. South Korea imports Vehicles primarily from: Germany ($7.07B), United States ($2.86B), China ($2.15B), Japan ($1.17B), and Mexico ($766M).
The fastest growing import markets in Vehicles for South Korea between 2019 and 2020 were Germany ($1.09B), United States ($577M), and Mexico ($391M).
Tariffs In 2018, the average tariff for South Korea in Vehicles was 4.99%. The countries with the highest import tariffs for Vehicles were Botswana (Most Favoured Nation duty rate treatement, 7.97%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 7.97%), Cameroon (Most Favoured Nation duty rate treatement, 7.97%), Republic of the Congo (Most Favoured Nation duty rate treatement, 7.97%), and Cape Verde (Most Favoured Nation duty rate treatement, 7.97%).