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KOROverview In 2023, South Korea was the number 14 economy in the world in terms of GDP (current US$), the number 5 in total exports, the number 13 in total imports, the number 41 economy in terms of GDP per capita (current US$) and the number 4 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of South Korea are Integrated Circuits ($134B), Cars ($64.8B), Refined Petroleum ($48.9B), Office Machine Parts ($18.1B), and Motor vehicles; parts and accessories (8701 to 8705) ($17.1B), exporting mostly to China ($162B), United States ($118B), Hong Kong ($28.8B), Japan ($28.4B), and Chinese Taipei ($28.2B).
In 2023, South Korea was the world's biggest exporter of Cyclic Hydrocarbons ($9.35B), Other Inorganic Acids Salts ($4.52B), Oxometallic or Peroxometallic Acid Salts ($3.67B), Styrene Polymers ($3.02B), and Cold-Rolled Iron ($2.74B)
Imports The top imports of South Korea are Integrated Circuits ($49.7B), Petroleum Gas ($21.6B), Crude Petroleum ($20.6B), Machinery Having Individual Functions ($20.6B), and Cars ($13.2B), importing mostly from China ($147B), United States ($61.3B), Japan ($42.7B), Germany ($21.8B), and Australia ($20.9B).
In 2023, South Korea was the world's biggest importer of Inorganic Salts ($6.98B), Inorganic Compounds ($2.76B), Molybdenum Ore ($981M), Starch Residue ($694M), and Other Vegetable Fibers Fabric ($18.8M)
Location South Korea borders North Korea by land and China and Japan by sea.
