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ExportsGermany-South Korea Trade: In 2023, Germany exported $21.8B to South Korea. The main products that Germany exported to South Korea were Cars ($6.3B), Planes, Helicopters, and/or Spacecraft ($956M), and Motor vehicles; parts and accessories (8701 to 8705) ($655M). Over the past 5 years the exports of Germany to South Korea have increased at an annualized rate of 1.41%, from $20.4B in 2018 to $21.8B in 2023.
In 2020, Germany exported services to South Korea worth $2.27B, with Other business services ($958M), Transportation ($719M), and Royalties and license fees ($369M) being the largest in terms of value.
South Korea-Germany Trade: In 2023, South Korea exported $13.9B to Germany. The main products that South Korea exported to Germany were N/A. Over the past 5 years the exports of South Korea to Germany have increased at an annualized rate of 0.93%, from $13.3B in 2018 to $13.9B in 2023.
In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.
Comparison: In 2023, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).
