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Pricing

2022
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Exports $50.8BRnk 3 / 211
2022
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Top Product $5.44BMachinery Having Individual Functions
2022
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Exports $30.5BRnk 4 / 220
2022
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Top Product $4.83BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.99Rnk 1 / 124
2022
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Economic Complexity (ECI) ECI 1.71Rnk 4 / 124
2022
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GDP$4.23TCURRENT US$
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2012-2022
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GDP GROWTH-32.5%CURRENT US$
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2022
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 GDP$1.67TCURRENT US$
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2012-2022
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GDP GROWTH30.3%CURRENT US$
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2022
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GDP PC $33,815CURRENT US$
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2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
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2022
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GDP PC$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH26.7%CURRENT US$
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About

Japan-South Korea In 2022, Japan exported $50.8B to South Korea. The main products that Japan exported to South Korea are Machinery Having Individual Functions ($5.44B), Integrated Circuits ($4.14B), and Refined Petroleum ($2.3B). During the last 27 years the exports of Japan to South Korea have increased at an annualized rate of 1.86%, from $30.9B in 1995 to $50.8B in 2022.

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

South Korea-Japan In 2022, South Korea exported $30.5B to Japan. The main products that South Korea exported to Japan were Refined Petroleum ($4.83B), Integrated Circuits ($976M), and Hot-Rolled Iron ($889M). During the last 27 years the exports of South Korea to Japan have increased at an annualized rate of 2.12%, from $17.3B in 1995 to $30.5B in 2022.

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

Comparison In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Latest Trends

January, 2024

About

Overview In January 2024, Japan exported ¥520B and imported ¥387B from South Korea, resulting in a positive trade balance of ¥133B. Between January 2023 and January 2024 the exports of Japan have increased by ¥6.67B (1.3%) from ¥513B to ¥520B, while imports increased by ¥43.6B (12.7%) from ¥343B to ¥387B.

Trade In January 2024, the top exports of Japan to South Korea were Integrated Circuits (¥47.2B), Commodities not elsewhere specified (¥46B), Machines and apparatus of a kind... (¥38.4B), Refined Petroleum (¥32.4B), and Hot-Rolled Iron (¥19.7B). In January 2024 the top imports of Japan from South Korea were Refined Petroleum (¥62.9B), Commodities not elsewhere specified (¥21B), Integrated Circuits (¥13.7B), Hot-Rolled Iron (¥10.4B), and Coated Flat-Rolled Iron (¥7.27B).

Origins In January 2024 the exports of Japan were mainly from Chiba (¥114B), Fukuoka (¥77.8B), Osaka (¥62.6B), Yamaguchi (¥55.2B), and Kanagawa (¥31.8B), while imports destinations were mainly Tokyo (¥68.8B), Osaka (¥60.8B), Kanagawa (¥50.8B), Chiba (¥45.4B), and Aichi (¥31.4B).

Growth In January 2024, the increase in Japan's year-by-year exports to South Korea was explained primarily by an increase in product exports in Integrated Circuits (¥22.6B or 91.8%), Cars (¥6.74B or 304%), and Commodities not elsewhere specified (¥5.29B or 13%). In January 2024, the increase in Japan's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Commodities not elsewhere specified (¥11.3B or 116%), Refined Petroleum (¥9B or 16.7%), and Inhalable tobacco/nicotine products (¥4.09B or 827%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)¥6.67B(1.3%)
IMPORT GROWTH (January 2023 - January 2024)¥43.6B(12.7%)
MAIN EXPORTER (January 2024)Chiba¥114B

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check South Korea and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $50.8B to South Korea. The main products exported from Japan to South Korea were Machinery Having Individual Functions ($5.44B), Integrated Circuits ($4.14B), and Refined Petroleum ($2.3B). During the last 27 years the exports of Japan to South Korea have increased at an annualized rate of 1.86%, from $30.9B in 1995 to $50.8B in 2022.

In 2022, South Korea exported $30.5B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.83B), Integrated Circuits ($976M), and Hot-Rolled Iron ($889M). During the last 27 years the exports of South Korea to Japan have increased at an annualized rate of 2.12%, from $17.3B in 1995 to $30.5B in 2022.

Exports from Japan (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Japan (Flag) (2022)

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
South Korea
Top DestinationChina$150B

This map shows whether countries import more from Japan or South Korea. Each country is colored based on the difference in imports they receive from Japan and South Korea or the difference in the growth in imports.

In 2021, countries that imported more from Japan than South Korea were United States ($137B), Thailand ($30.8B), and Chinese Taipei ($50.1B).

In 2021, countries that imported more from South Korea than Japan were Vietnam ($60.7B), China ($150B), and India ($20.6B).

Difference in imports from South Korea (Flag) and Japan (Flag) (2022)

Comparative Advantage Japan - South Korea

Flow
Scale

This chart compares trade between Japan and South Korea by product, considering products traded by both, Japan and South Korea.

During 2022, Japan had a large net trade with South Korea in the exports of Machines ($19B), Metals ($8.75B), and Chemical Products ($7.56B).

During 2022, South Korea had a large net trade with Japan in the exports of Machines ($7.15B), Mineral Products ($5.38B), and Metals ($5.01B).

Service Trade

Bilateral Service Trade

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to South Korea (Flag) (2009)

Services Exports from South Korea (Flag) to Japan (Flag) (2005)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Japan has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Japan.

Product Space of Japan (Flag) and South Korea (Flag) (2022)

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