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2022
Flag → Flag
Exports $150BRnk 1 / 220
2022
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Top Product $50.3BIntegrated Circuits
2022
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Exports $150BRnk 5 / 211
2022
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Top Product $23.3BIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
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2022
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 GDP$18TCURRENT US$
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2012-2022
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GDP GROWTH111%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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2022
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GDP PC$12,720CURRENT US$
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2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

South Korea-China Trade: In 2022, South Korea exported $150B to China. The main products that South Korea exported to China were Integrated Circuits ($50.3B), Cyclic Hydrocarbons ($6.28B), and Broadcasting Equipment ($6.13B). Over the past 5 years the exports of South Korea to China have increased at an annualized rate of 1.48%, from $139B in 2017 to $150B in 2022.

In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

China-South Korea Trade: In 2022, China exported $150B to South Korea. The main products that China exported to South Korea were Integrated Circuits ($23.3B), Broadcasting Equipment ($5.92B), and Electric Batteries ($5.52B). Over the past 5 years the exports of China to South Korea have increased at an annualized rate of 8.46%,  from $100B in 2017 to $150B in 2022.

In 2022, China did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $11.7B and imported $11.2B from China, resulting in a positive trade balance of $460M. Between September 2023 and September 2024 the exports of South Korea have increased by $688M (6.27%) from $11B to $11.7B, while imports increased by $77.5M (0.7%) from $11.1B to $11.2B.

Trade In September 2024, the top exports of South Korea to China were Electrical machinery and electronics ($4.05B), Organic chemicals ($855M), Plastics & articles thereof ($763M), Machinery, mechanical appliances, & parts ($586M), and Inorganic chemicals ($465M). In September 2024 the top imports of South Korea from China were Electrical machinery and electronics ($4.73B), Machinery, mechanical appliances, & parts ($1.5B), Inorganic chemicals ($1.41B), Iron & steel ($530M), and Organic chemicals ($436M).

Growth In September 2024, the increase in South Korea's year-by-year exports to China was explained primarily by an increase in product exports in Inorganic chemicals ($112M or 31.8%), Preparations of cereals, flour, starch or... ($6.35M or 30.2%), and Miscellaneous edible preparations ($4.46M or 28.7%). In September 2024, the increase in South Korea's year-by-year imports  from China was explained primarily by an increase in product imports  in Inorganic chemicals ($683M or 93.8%), Iron & steel ($142M or 36.6%), and Precious stones, metals, & pearls ($39.1M or 176%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$688M(6.27%)
IMPORT GROWTH (September 2023 - September 2024)$77.5M(0.7%)

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

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

For full datasets download visit Bulk Download page.

Explore China and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $150B to China. The main products exported from South Korea to China were Integrated Circuits ($50.3B), Cyclic Hydrocarbons ($6.28B), and Broadcasting Equipment ($6.13B). During the last 5 years the exports of South Korea to China have increased at an annualized rate of 1.48%, from $139B in 2017 to $150B in 2022.

In 2017, China exported $150B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($23.3B), Broadcasting Equipment ($5.92B), and Electric Batteries ($5.52B). During the last 5 years the exports of China to South Korea have increased at an annualized rate of 8.46%, from $100B in 2022 to $150B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
China
Top DestinationUnited States$551B

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

In 2022, countries that imported more from South Korea than China included Mozambique ($4.59B), Guam ($469M), and Bermuda ($302M).

In 2022, countries that imported more from China than South Korea included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage South Korea - China

Flow
Scale

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

During 2022, South Korea had a large net trade with China in the exports of Machines ($85B), Chemical Products ($20.2B), and Plastics and Rubbers ($12.9B).

During 2017, China had a large net trade with South Korea in the exports of Machines ($70.9B), Chemical Products ($17B), and Metals ($16.2B).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and China. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over South Korea.

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

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