South Korea (KOR) and France (FRA) Trade | The Observatory of Economic Complexity

- Chat OEC
  New
- Company Explorer
  PREMIUM
- Trend Explorer
  PRO
- - Tree map
  - Stacked
  - Network
  - Map
  - Scatter
- Data Availability
- - API Documentation
    PRO
  - Notebooks
  - Data Explorer
    PRO
- - Bill of Lading
    PREMIUM
  - National Datasets
    PREMIUM
  - Product Datasets
  - International Datasets
- - ECI Countries (2022)
  - PCI Products (2022)
  - ECI, PCI (1964-2017)
- - Pick 5
  - Connectrade
  - Tradle
  - Trivia
- - Store

Pricing

South Korea (KOR) and France (FRA) Trade

2022

→

Exports $5.81BRnk 23 / 220

2022

→

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

October, 2024

About

Overview In October 2024, South Korea exported $308M and imported $646M from France, resulting in a negative trade balance of $338M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-196M (-39%) from $504M to $308M, while imports decreased by $-153M (-19.2%) from $799M to $646M.

Trade In October 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 October 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 October 2024, the decrease in South Korea's year-by-year exports to France was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts ($-81.2M or -78%), Fish, Crustaceans & Molluscs ($-9.02M or -81.4%), and Plastics & articles thereof ($-6.51M or -33.2%). In October 2024, the decrease in South Korea's year-by-year imports from France was explained primarily by an decrease in product imports in Leather articles ($-16.6M or -23.6%), Precious stones, metals, & pearls ($-10.7M or -26.9%), and Aircraft and spacecraft ($-8.56M or -78.9%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (October 2023 - October 2024)$-196M(-39%)

IMPORT GROWTH (October 2023 - October 2024)$-153M(-19.2%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to France () (2022)

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and South Korea () (2022)

Comparative Advantage South Korea - France

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Fra Year

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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 () and France () (2022)

Keep Exploring

South Korea
Finland
South Korea
United Kingdom
Cambodia
France
Kuwait
France

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world

Follow @OECtoday on

Created, Designed, and Developed by:

In collaboration with

About the OEC Privacy Policy Terms