South Korea Export Data

South Korea Export Data

South Korea is a major player in the world market for electronics, semiconductors, automobiles, and large machinery. The capital, Seoul, is home to over 52 million people and has a GDP of about USD 1.8 trillion. As per South Korea export data, total exports hit a record high of USD 683.8 billion, with a USD 51.8 billion trade surplus.

6

Among the world’s top 10 exporting nations.

2.6%

Accounts for about 2.6% of worldwide exports.

China

China absorbed 19.5% of South Korean exports (USD 133 B) 

Electrical & Electronic Equipment

At USD 212.9 B, roughly 31% of total exports

 

Top 10 Export Products of South Korea

As per South Korea trade data, concentrating heavily on high‑tech manufacturing and industrial goods:

  • Electrical & Electronic Equipment (HS 85): USD 212.9 B — 31.1%
  • Vehicles (HS 87): USD 91.9 B — 13.4%
  • Machinery, Nuclear Reactors, Boilers (HS 84): USD 80.5 B — 11.8%
  • Mineral Fuels & Oils (HS 27): USD 52.6 B — 7.7%
  • Plastics (HS 39): USD 36.2 B — 5.3%
  • Iron & Steel (HS 72): USD 24.8 B — 3.6%
  • Ships, Boats (HS 89): USD 24.0 B — 3.5%
  • Organic Chemicals (HS 29): USD 21.9 B — 3.2%
  • Optical, Medical Apparatus (HS 90): USD 16.9 B — 2.5%
  • Articles of Iron or Steel (HS 73): USD 9.9 B — 1.4%
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Top 10 Export Trading Partners of South Korea

As per South Korea trade statistics, primary destinations highlight a strong Asian and Western market mix:

  • China: 19.5% — USD 133 B
  • United States: 18.8% — USD 128.4 B
  • Vietnam: 8.5% — USD 58.3 B
  • Hong Kong: 5.1% — USD 35 B
  • Taiwan: 5.0% — USD 34 B
  • Japan: 4.3% — USD 29.6 B
  • India: 2.7% — USD 18.7 B
  • Singapore: 2.7% — USD 18.2 B
  • Australia: 2.3% — USD 15.6 B
  • Mexico: 2.0% — USD 13.6 B

What Details Contain In South Korea Export Data?

Every shipment arriving by land, air, or sea is included in South Korea’s statistical export data. Businesses and analysts may use a comprehensive statistical dataset that includes essential trade statistics to gain a thorough understanding of the Italian export sector. The information helps customers assess trade flows, identify new possibilities, and follow supplier trends by recording each shipment's route, product categorization, stated values, and more. An essential resource for making well-informed decisions, whether assessing competition or broadening market reach, is the South Korean export statistics. Usually, the statistical dataset consists of:

  • Date 
  • HS Code
  • HS Code Description
  • Total Value in USD
  • FOB Value
  • Quantity
  • Weight
  • Way of Transport
  • Destination Country
  • Import Country
  • Port of Loading
  • Port of Unloading

Benefits of South Korea Export data in your business

  • Gain a competitive edge by benchmarking competitors, finding new suppliers, and thoroughly understanding your industry using the South Korean exportstatistical data.
  • Investigate International Markets: Examine South Korea’s purchasing trends to identify potential export markets for your goods.
  • Data-Driven Decisions: Make defensible decisions supported by up-to-date, transparent shipping data.
  • Reduce Risks: Before signing contracts, review shipping history and look for any possible warning signs.
  • Reliable and Accurate: High accuracy is ensured by the data's sourcing from official customs records.
  • Competitor insights: Keep tabs on where and how rivals obtain their goods.

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