Exports in South Korea increased to 59800 USD Million in June from 57270 USD Million in May of 2025. This dataset provides the latest reported value for - South Korea Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

South Korea's total Exports in 2024 were valued at US$683.13 Billion, according to the United Nations COMTRADE database on international trade. South Korea's main export partners were: China, the United States and Vietnam. The top three export commodities were: Electrical, electronic equipment; Vehicles other than railway, tramway and Machinery, nuclear reactors, boilers. Total Imports were valued at US$631.73 Billion. In 2024, South Korea had a trade surplus of US$51.40 Billion.

The statistic shows the value of exports of goods from South Korea from 2013 to 2023. In 2023, goods with a value of around 632.23 billion U.S. dollars were exported from South Korea. South Korea's exports The quantity of exports from South Korea has been rising over the past 10 years, with a slight dip in 2009, at the time of the economic crisis. South Korea is one of the leading exporters of cars and electronic goods. Both Hyundai and Samsung are South Korean corporate heavyweights and hold large market shares in their respective segments. However, since 2011 it can be seen that the rise of the value of South Korean exports has slowed. This is likely due to the value of the country's currency, the won, rising higher than the Japanese Yen, making Korean goods less competitive on the global market. Petroleum products are also an important South Korean export, and falling global oil and gas prices are likely to have been a contributor to lower-than-expected export values as well. However, Korea is also looking to reduce its dependence on exports and focus on developing its domestic service sector instead, in order to sustain long-term economic growth. However, the distribution of the sectors' share in GDP generation has remained nearly the same for the past ten years. While the country is also experiencing greatly reduced levels of growth compared to 2010, when GDP growth reached 6.5 percent, the country is hoping to improve growth rates in the future.

In 2024, the export value of electrical machinery and equipment and parts thereof from South Korea measured approximately 213 billion U.S. dollars. During that year, the total export value was recorded at around 683.7 billion dollars.

Key information about South Korea Total Exports

• South Korea Total Exports recorded 52.5 USD bn in Feb 2025, compared with 49.2 USD bn in the previous month
• South Korea Total Exports data is updated monthly, available from Jan 1966 to Feb 2025, with an averaged value of 9.7 USD bn
• The data reached an all-time high of 63.8 USD bn in Mar 2022 and a record low of 14.8 USD mn in Jan 1966

Korea Customs Service provides monthly Total Exports, FOB, in USD. [COVID-19-IMPACT]


Further information about South Korea Total Exports

• In the latest reports, South Korea Total Exports grew 0.7 % YoY in Feb 2025
• Total Imports recorded 48.3 USD bn in Feb 2025, which registered an increase of 0.2 % year on year
• South Korea Trade Balance recorded a surplus of 4.2 USD bn in Feb 2025

Historical chart and dataset showing South Korea exports by year from 1960 to 2023.

In 2024, South Korea's exports to China reached around *** billion U.S. dollars, making China the largest destination for South Korean trade goods. Following closely in second place, the United States received nearly *** billion dollars worth of South Korean exports.

In 2022, the export value of technology from South Korea amounted to approximately 15.22 billion U.S. dollars, increased from around 14.92 billion in the previous year. According to the source, information and communication technology had the largest share in these exports.

Case study on COVID-19 can be downloaded from Additional Materials on the right side of this page. Data enables users to track activities of export and import dependent companies. Export contributes approximately 50% of total revenue for listed companies in KOSPI and KOSDAQ. Korea export shows significant correlation to key economic indicators of other nations. Due to high portion of middle product exports - such as semiconductors, automotive parts, steel, and chemicals - S. Korea export data shows especially high correlation to the key economic indicators of most Asia-pacific economies. Supply-chain analysis : In 2018, S. Korea exports of memory IC reached $9.4 billion, with a market share of 57% in the global memory IC market estimated to be around $16.5 billion. The application of memory IC is already predominant in various IT hardware devices, and analysis of Korea's memory IC exports would give insight into the supply and demand dynamics of the global IT hardware value chain.

In 2023, the export value of commercial services from South Korea amounted to around 124.5 billion U.S. dollars, increasing from around 133 billion dollars in the previous year.

Key information about South Korea Total Exports to China

• South Korea Total Exports to China recorded 9.511 USD bn in Feb 2025, compared with 9.202 USD bn in the previous month
• South Korea Total Exports to China data is updated monthly, available from Jan 1988 to Feb 2025, with an averaged value of 5.551 USD bn
• The data reached an all-time high of 15.642 USD bn in Mar 2022 and a record low of 18.959 USD mn in Jan 1988

Korea Customs Service provides monthly Total Exports to China, FOB, in USD.

Korea Export Value Index data was reported at 287.590 2000=100 in 2016. This records a decrease from the previous number of 305.777 2000=100 for 2015. Korea Export Value Index data is updated yearly, averaging 79.042 2000=100 from Dec 1980 (Median) to 2016, with 37 observations. The data reached an all-time high of 332.426 2000=100 in 2014 and a record low of 10.166 2000=100 in 1980. Korea Export Value Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Trade Index. Export values are the current value of exports (f.o.b.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2000). UNCTAD's export value indexes are reported for most economies. For selected economies for which UNCTAD does not publish data, the export value indexes are derived from export volume indexes (line 72) and corresponding unit value indexes of exports (line 74) in the IMF's International Financial Statistics.; ; United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.; ;

In 2023, the exports of goods and services as a share of gross domestic product (GDP) stood at around 44 percent in South Korea. This was a decrease compared to the previous year of more than four percent.

Key information about South Korea Exports: Television

• South Korea Exports: Television was reported at 1,112,499.712 USD th in Dec 2022
• This records an increase from the previous number of 746,915.372 USD th for Dec 2021
• South Korea Exports: Television data is updated yearly, averaging 1,820,089.792 USD th from Dec 1995 to 2022, with 28 observations
• The data reached an all-time high of 3,451,954.030 USD th in 2004 and a record low of 746,915.372 USD th in 2021
• South Korea Exports: Television data remains active status in CEIC and is reported by United Nations Conference on Trade and Development
• The data is categorized under World Trend Plus’s Association: Electronic Sector – Table RF.UNCTAD.TR: Television Receivers: Export Value

Key information about South Korea Total Exports to USA

• South Korea Total Exports to USA recorded 9.907 USD bn in Feb 2025, compared with 9.299 USD bn in the previous Jan 2025
• South Korea Total Exports to USA data is updated monthly, available from Apr 1964 to Feb 2025, with an averaged value of 1.799 USD bn
• The data reached an all-time high of 11.894 USD bn in Dec 2024 and a record low of 2.500 USD mn in Apr 1964

CEIC extends history for monthly Total Exports to USA. Korea Customs Service provides Total Exports to USA, FOB, in USD. Total Exports to USA prior to January 1971 is sourced from the International Monetary Fund.

South Korea trade to gdp ratio for 2023 was 87.94%, a 8.6% decline from 2022.

<ul style='margin-top:20px;'>

<li>South Korea trade to gdp ratio for 2022 was <strong>96.54%</strong>, a <strong>16.34% increase</strong> from 2021.</li>
<li>South Korea trade to gdp ratio for 2021 was <strong>80.20%</strong>, a <strong>11.17% increase</strong> from 2020.</li>
<li>South Korea trade to gdp ratio for 2020 was <strong>69.03%</strong>, a <strong>6.72% decline</strong> from 2019.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

South Korea Exports: Europe: EU (28) data was reported at 6,768,024.000 USD th in Mar 2025. This records an increase from the previous number of 5,686,513.000 USD th for Feb 2025. South Korea Exports: Europe: EU (28) data is updated monthly, averaging 4,219,918.000 USD th from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 6,944,221.000 USD th in Mar 2022 and a record low of 1,587,088.000 USD th in Jul 2001. South Korea Exports: Europe: EU (28) data remains active status in CEIC and is reported by Korea Customs Service. The data is categorized under Global Database’s South Korea – Table KR.JA007: Trade Statistics: Export: Value: by Country. Figures represent the trade statistics of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom, regardless of their entry or exit dates in the European Union.

In 2023, the export value of the music industry in South Korea amounted to around *** billion U.S. dollars.K-popThe main export in the South Korean music industry is K-pop. Korean pop music has been increasingly popular all around the world. In 2023, a survey conducted in 28 countries across the world found that around ** percent of respondents considered K-pop to be very popular in their country. The most popular K-pop stars worldwide were the boy group BTS. Music in South KoreaWhile K-pop is known for being successful outside of South Korea’s borders, Korean music is of course also enjoyed domestically. A 2024 survey found that ballads and K-pop were the most popular music genres in South Korea. The most popular way of listening to music in 2024 was via one's smartphone, by streaming or downloading music. While the South Korean music streaming industry was previously dominated by a handful of domestic streaming services, most notably Melon, YouTube was the most popular music streaming service in 2024.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

South Korea Exports: Volume: Japan: Iron & Steel data was reported at 250,274.600 Ton th in Mar 2025. This records a decrease from the previous number of 252,711.200 Ton th for Feb 2025. South Korea Exports: Volume: Japan: Iron & Steel data is updated monthly, averaging 258,277.800 Ton th from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 397,683.500 Ton th in Oct 2011 and a record low of 106,922.200 Ton th in Feb 2009. South Korea Exports: Volume: Japan: Iron & Steel data remains active status in CEIC and is reported by Korea Customs Service. The data is categorized under Global Database’s South Korea – Table KR.JA010: Trade Statistics: Export: Volume: HS Code: 2 Digits: Top 20 Countries.