2023
Exports
$3.78BWorld Rnk 9 / 208
Flag Rnk 22 / 1188
2023
PRODUCT COMPLEXITY IN Semiconductor Devices
1.08Rnk 150 / 1025
2023
Imports
$3.55BWorld Rnk 12 / 223
Flag Rnk 19 / 1208
2023
ECONOMIC COMPLEXITY of South Korea
1.85Rnk 4 / 132

About

Exports In 2023, South Korea exported $3.78B in Semiconductor Devices, making it the 9th largest exporter of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 22nd most exported product in South Korea. The main destination of Semiconductor Devices exports from South Korea are: United States ($1.47B), China ($1.14B), Hong Kong ($256M), Germany ($149M), and Japan ($130M).

The fastest growing export markets for Semiconductor Devices of South Korea between 2022 and 2023 were Mexico ($46.8M), Germany ($41.3M), and India ($19.4M).

Imports In 2023, South Korea imported $3.55B in Semiconductor Devices, becoming the 12th largest importer of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 19th most imported product in South Korea. South Korea imports Semiconductor Devices primarily from: China ($1.36B), Singapore ($788M), Japan ($370M), Hong Kong ($252M), and Chinese Taipei ($184M).

The fastest growing import markets in Semiconductor Devices for South Korea between 2022 and 2023 were Singapore ($637M), Hong Kong ($230M), and Israel ($2.67M).

COMPANIES In 2024, leading companies such as Samsung (15), LG Electronics (13), and Nissan (2) were at the forefront of shipping Semiconductor Devices from South Korea to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-1.74M(-0.6%)
IMPORT GROWTH (December 2023 - December 2024)$-127M(-22.6%)
MAIN DESTINATION (December 2024)China$78.3M

This section shows Semiconductor Devices's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Semiconductor Devices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.78B
IMPORTS (2023)$3.55B
NET TRADE (2023)$229M

In 2023, South Korea exported $3.78B in Semiconductor Devices. The main destinations of South Korea exports on Semiconductor Devices were United States ($1.47B), China ($1.14B), Hong Kong ($256M), Germany ($149M), and Japan ($130M).

In 2023, South Korea imported $3.55B in Semiconductor Devices, mainly from China ($1.36B), Singapore ($788M), Japan ($370M), Hong Kong ($252M), and Chinese Taipei ($184M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Semiconductor Devices EXPORT MARKETS FOR South Korea WERE (2022 - 2023):
Mexico$46.8M (173%)
Germany$41.3M (38.2%)
India$19.4M (44.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semiconductor Devices BY South Korea WERE (2022 - 2023):
Vietnam-$481M (-100%)
Hong Kong-$91.2M (-26.3%)
United States-$57.6M (-3.78%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, South Korea's main exporting competitors in Semiconductor Devices were:
China $62.3B
Japan $9.09B
In 2023, South Korea's main importing competitors in Semiconductor Devices were:

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Trade Value of Semiconductor Devices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $458M
TOP IMPORT POTENTIALChina+ $596M

Semiconductor Devices’s highest export potential is China. With an export gap of $458M.   Semiconductor Devices’s highest import potential is China with an import gap of $596M.

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