South Korea

2.37

Econ Complexity 2nd of 89
1980
2016

$483B

Exports 7th of 120
1980
2016

$389B

Imports 11th of 120
1980
2016

$35.8k

GDP Per Capita 21st of 89
1990
2016
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Looking for commercial partners in South Korea? List your company on Macro Market.

South Korea is the 7th largest export economy in the world and the 2nd most complex economy according to the Economic Complexity Index (ECI). In 2016, South Korea exported $483B and imported $389B, resulting in a positive trade balance of $93.7B. In 2016 the GDP of South Korea was $1.41T and its GDP per capita was $35.8k.

The top exports of South Korea are Integrated Circuits ($49.3B), Cars ($37.4B), Passenger and Cargo Ships ($25.1B), Refined Petroleum ($24B) and Vehicle Parts ($21.7B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($44.3B), Integrated Circuits ($19.8B), Petroleum Gas ($14.9B), Refined Petroleum ($11.7B) and Cars ($9.3B).

The top export destinations of South Korea are China ($124B), the United States ($66.7B), Hong Kong ($32.8B), Vietnam ($32.6B) and Japan ($24.4B). The top import origins are China ($93.7B), Japan ($46.2B), the United States ($42.3B), Germany ($19.3B) and Singapore ($14.5B).

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

Economic Complexity of South Korea

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