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2022
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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$
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2022
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 GDP$2.78TCURRENT US$
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2012-2022
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GDP GROWTH3.7%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$40,964CURRENT US$
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2012-2022
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GDP PC GROWTH0.23%CURRENT US$
Rnk 137 / 186

About

South Korea-France In 2022, South Korea exported $5.81B to France. The main products that South Korea exported to France are Cars ($1.5B), Passenger and Cargo Ships ($1.27B), and Refined Petroleum ($266M). During the last 27 years the exports of South Korea to France have increased at an annualized rate of 4.64%, from $1.71B in 1995 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 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). During the last 27 years the exports of France to South Korea have increased at an annualized rate of 4.48%, from $2B in 1995 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

March, 2024

About

Overview In March 2024, South Korea exported $504M and imported $613M from France, resulting in a negative trade balance of $109M. Between March 2023 and March 2024 the exports of South Korea have decreased by $-25.5M (-4.81%) from $530M to $504M, while imports decreased by $-53M (-7.96%) from $666M to $613M.

Trade In March 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 March 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 March 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 ($-6.51M or -33.2%). In March 2024, the decrease in South Korea's year-by-year imports  from France was explained primarily by an decrease in product imports  in Leather articles ($-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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$-25.5M(-4.81%)
IMPORT GROWTH (March 2023 - March 2024)$-53M(-7.96%)

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.

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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 27 years the exports of South Korea to France have increased at an annualized rate of 4.64%, from $1.71B in 1995 to $5.81B in 2022.

In 2022, 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 27 years the exports of France to South Korea have increased at an annualized rate of 4.48%, from $2B in 1995 to $6.54B in 2022.

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 2021, countries that imported more from South Korea than France were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from France than South Korea were 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 2022, France had a large net trade with South Korea in the exports of Machines ($1.63B), Chemical Products ($1.46B), and Transportation ($697M).

Service Trade

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)

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

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

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