South Korea

1.78

Econ Complexity 6th of 126
1980
2017

$596B

Exports 5th of 221
1980
2017

$471B

Imports 9th of 221
1980
2017

$38.3k

GDP Per Capita 36th of 214
1990
2017
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Looking for commercial partners in South Korea? List your company on Macro Market.

South Korea is the 5th largest export economy in the world and the 6th most complex economy according to the Economic Complexity Index (ECI). In 2017, South Korea exported $596B and imported $471B, resulting in a positive trade balance of $124B. In 2017 the GDP of South Korea was $1.53T and its GDP per capita was $38.3k.

The top exports of South Korea are Integrated Circuits ($104B), Cars ($40.1B), Refined Petroleum ($32.6B), Passenger and Cargo Ships ($24.4B) and Vehicle Parts ($19.1B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($56B), Integrated Circuits ($38.6B), Petroleum Gas ($17.3B), Photo Lab Equipment ($13.7B) and Coal Briquettes ($13.3B).

The top export destinations of South Korea are China ($149B), the United States ($69.4B), Vietnam ($47.7B), Hong Kong ($34.8B) and Japan ($26.9B). The top import origins are China ($98.1B), Japan ($54.2B), the United States ($48.7B), Germany ($19.7B) and Other Asia ($18B).

South Korea borders North Korea by land and China and Japan by sea.

Economic Complexity of South Korea

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