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2022
Flag → Flag
Exports $5.81BRnk 23 / 220
2022
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Top Product $1.5BCars
2022
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Exports $6.54BRnk 17 / 219
2022
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Top Product $462MTrunks and Cases
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 1.3Rnk 16 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
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GDP GROWTH3.7%CURRENT US$
Rnk 157 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$40,964CURRENT US$
Rnk 26 / 186
2012-2022
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GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

South Korea-France Trade: In 2022, South Korea exported $5.81B to France. The main products that South Korea exported to France were Cars ($1.5B), Passenger and Cargo Ships ($1.27B), and Refined Petroleum ($266M). Over the past 5 years the exports of South Korea to France have increased at an annualized rate of 11.1%, from $3.44B in 2017 to $5.81B in 2022.

In 2005, South Korea exported services to France worth $479M, with Transportation ($252M), Other business services ($116M), and Travel ($69.9M) being the largest in terms of value.

France-South Korea Trade: In 2022, France exported $6.54B to South Korea. The main products that France exported to South Korea were Trunks and Cases ($462M), Beauty Products ($303M), and Integrated Circuits ($266M). Over the past 5 years the exports of France to South Korea have increased at an annualized rate of 2.01%,  from $5.92B in 2017 to $6.54B in 2022.

In 2020, France exported services to South Korea worth $1.72B, with Royalties and license fees ($563M), Other business services ($417M), and Transportation ($407M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $814M and imported $807M from France, resulting in a positive trade balance of $6.59M. Between August 2023 and August 2024 the exports of South Korea have increased by $418M (105%) from $396M to $814M, while imports increased by $187M (30.2%) from $620M to $807M.

Trade In August 2024, the top exports of South Korea to France were Ships, boats, & floating structures ($174M), Cars, tractors, trucks & parts thereof. ($149M), Electrical machinery and electronics ($54.4M), Machinery, mechanical appliances, & parts ($22.9M), and Plastics & articles thereof ($13.1M). In August 2024 the top imports of South Korea from France were Inorganic chemicals ($95.1M), Machinery, mechanical appliances, & parts ($87.1M), Electrical machinery and electronics ($79.4M), Leather articles ($53.7M), and Perfumery & cosmetics ($45.2M).

Growth In August 2024, the increase in South Korea's year-by-year exports to France was explained primarily by an increase in product exports in Ships, boats, & floating structures ($90.9M or 109%), Cars, tractors, trucks & parts thereof. ($23.2M or 18.4%), and Electrical machinery and electronics ($10.7M or 24.5%). In August 2024, the increase in South Korea's year-by-year imports  from France was explained primarily by an increase in product imports  in Inorganic chemicals ($90.1M or 1.84k%), Machinery, mechanical appliances, & parts ($27.5M or 46.2%), and Pharmaceutical products ($8.92M or 25%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$418M(105%)
IMPORT GROWTH (August 2023 - August 2024)$187M(30.2%)

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 France and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore France and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $5.81B to France. The main products exported from South Korea to France were Cars ($1.5B), Passenger and Cargo Ships ($1.27B), and Refined Petroleum ($266M). During the last 5 years the exports of South Korea to France have increased at an annualized rate of 11.1%, from $3.44B in 2017 to $5.81B in 2022.

In 2017, France exported $6.54B to South Korea. The main products exported from France to South Korea were Trunks and Cases ($462M), Beauty Products ($303M), and Integrated Circuits ($266M). During the last 5 years the exports of France to South Korea have increased at an annualized rate of 2.01%, from $5.92B in 2022 to $6.54B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
France
Top DestinationGermany$78.3B

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

In 2022, countries that imported more from South Korea than France included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from France than South Korea included Germany ($78.3B), Italy ($56.4B), and Belgium ($47.8B).

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

Comparative Advantage South Korea - France

Flow
Scale

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

During 2022, South Korea had a large net trade with France in the exports of Transportation ($2.95B), Machines ($1.22B), and Chemical Products ($401M).

During 2017, France had a large net trade with South Korea in the exports of Machines ($1.63B), Chemical Products ($1.46B), and Transportation ($697M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea France+$483MCars
Top Product Potential France South Korea+$159MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2005, South Korea exported services to France worth $479M, with Transportation ($252M), Other business services ($116M), and Travel ($69.9M) being the largest in terms of value.

In 2020, France exported services to South Korea worth $1.72B, with Royalties and license fees ($563M), Other business services ($417M), and Transportation ($407M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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