2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$4.07TCURRENT US$
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2012-2022
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GDP GROWTH
15.5%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 GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$48,432CURRENT US$
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2012-2022
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GDP PC GROWTH
10.4%CURRENT US$
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About

South Korea-Germany In 2022, South Korea exported $11.2B to Germany. The main products that South Korea exported to Germany are Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). During the last 27 years the exports of South Korea to Germany have increased at an annualized rate of 2.43%, from $5.86B in 1995 to $11.2B in 2022.

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.

Germany-South Korea In 2022, Germany exported $22.7B to South Korea. The main products that Germany exported to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). During the last 27 years the exports of Germany to South Korea have increased at an annualized rate of 5.05%, from $6B in 1995 to $22.7B in 2022.

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.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $11.2B to Germany. The main products exported from South Korea to Germany were Cars ($1.7B), Electric Batteries ($1B), and Office Machine Parts ($745M). During the last 27 years the exports of South Korea to Germany have increased at an annualized rate of 2.43%, from $5.86B in 1995 to $11.2B in 2022.

In 2022, Germany exported $22.7B to South Korea. The main products exported from Germany to South Korea were Cars ($7.24B), Packaged Medicaments ($790M), and Integrated Circuits ($662M). During the last 27 years the exports of Germany to South Korea have increased at an annualized rate of 5.05%, from $6B in 1995 to $22.7B in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Germany
Top Destination
United States$153B

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

In 2021, countries that imported more from South Korea than Germany were Vietnam ($60.7B), China ($150B), and Hong Kong ($28.9B).

In 2021, countries that imported more from Germany than South Korea were France ($120B), Netherlands ($109B), and Austria ($86.5B).

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

Comparative Advantage South Korea - Germany

Flow
Scale

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

During 2022, South Korea had a large net trade with Germany in the exports of Machines ($4.84B), Transportation ($2.5B), and Plastics and Rubbers ($1.16B).

During 2022, Germany had a large net trade with South Korea in the exports of Transportation ($8.63B), Machines ($6.01B), and Chemical Products ($3.25B).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

Services Exports from Germany (Flag) to South Korea (Flag) (2020)

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 South Korea has comparative advantage over Germany. Similarly, the more yellow a dot/product is, the more Germany has comparative advantage over South Korea.

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

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