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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.
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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.
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TwitterThe statistic shows the value of exports of goods from South Korea from 2014 to 2024. In 2024, goods with a value of around ****** 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 10 years. While the country is also experiencing greatly reduced levels of growth compared to 2010, when GDP growth reached *** percent, the country is hoping to improve growth rates in the future.
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Key information about South Korea Total Exports
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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.
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TwitterIn 2024, South Korea's exports and imports of goods and services as a share of the country's GDP stood at almost **** percent. This was up from about **** percent of GDP in the previous year. After the Korean War (1950-1953), South Korea developed into an export-oriented country, which was, among other things, an important factor for the country's economic growth. South Korea's share of imports and exports in its GDP is relatively high compared to other member countries of the Organization for Economic Cooperation and Development (OECD).
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Key information about South Korea Exports: Television
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Korea Exports: % of GDP data was reported at 42.800 % in 2016. This records a decrease from the previous number of 46.300 % for 2015. Korea Exports: % of GDP data is updated yearly, averaging 44.550 % from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 57.800 % in 2012 and a record low of 33.300 % in 2002. Korea Exports: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Korea – Table KR.IMF: Contribution to GDP.
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This page displays a table with South Korea Exports By Country,exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.
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South Korea Exports: First 25 days: EU data was reported at 3.529 USD bn in Mar 2019. South Korea Exports: First 25 days: EU data is updated monthly, averaging 3.529 USD bn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Exports: First 25 days: EU data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.
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Korea Exports: MOTIE: MC: Semiconductor data was reported at 11.157 USD bn in Jun 2018. This records an increase from the previous number of 10.847 USD bn for May 2018. Korea Exports: MOTIE: MC: Semiconductor data is updated monthly, averaging 4.192 USD bn from Nov 2004 (Median) to Jun 2018, with 164 observations. The data reached an all-time high of 11.157 USD bn in Jun 2018 and a record low of 1.497 USD bn in Jan 2009. Korea Exports: MOTIE: MC: Semiconductor data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s Korea – Table KR.JA003: Trade Statistics: Export: Value: Major Commodities.
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Exports to Russia in South Korea increased to 739245 USD Thousand in February from 426157 USD Thousand in January of 2024. This dataset includes a chart with historical data for South Korea Exports to Russia.
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South Korea Exports: Africa: ICT: Telecomm and Broadcasting (TB) data was reported at 15,785,888.000 USD in 2024. This records an increase from the previous number of 11,682,835.000 USD for 2023. South Korea Exports: Africa: ICT: Telecomm and Broadcasting (TB) data is updated yearly, averaging 51,553,421.000 USD from Dec 1996 (Median) to 2024, with 29 observations. The data reached an all-time high of 342,270,013.000 USD in 2005 and a record low of 11,206,255.000 USD in 2022. South Korea Exports: Africa: ICT: Telecomm and Broadcasting (TB) data remains active status in CEIC and is reported by Ministry of Science and ICT. The data is categorized under Global Database’s South Korea – Table KR.JA068: Trade Statistics: Export: Information & Communication Technology Industry: by Region: Annual.
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Korea Exports: CI: Character data was reported at 648,881.000 USD th in 2017. This records an increase from the previous number of 612,842.000 USD th for 2016. Korea Exports: CI: Character data is updated yearly, averaging 334,297.000 USD th from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 648,881.000 USD th in 2017 and a record low of 117,336.000 USD th in 2004. Korea Exports: CI: Character data remains active status in CEIC and is reported by Korea Creative Content Agency. The data is categorized under Global Database’s South Korea – Table KR.JA042: Trade Statistics: Contents Industry.
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TwitterIn 2025, the export value of mobile handsets from South Korea is forecasted to reach approximately ***** billion U.S. dollars. The expected value is higher than the forecast from the previous year.
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TwitterIn 2024, South Korea's exports to ASEAN countries were worth approximately ****billion U.S. dollars, up from about ****billion in the previous year. The year 2022 saw the peak value of exports during the period of consideration so far.
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TwitterThe share of exports in the gross domestic product (GDP) in South Korea stood at 44 percent in 2023. Between 1960 and 2023, the share rose by 41.36 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.
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South Korea Exports to United States was US$128.37 Billion during 2024, according to the United Nations COMTRADE database on international trade. South Korea Exports to United States - data, historical chart and statistics - was last updated on December of 2025.
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TwitterIn 2024, South Korea's trade balance with the United States recorded a surplus that amounted to around ***** billion U.S. dollars. South Korea has become one of the United States’ largest trade partners. The Free Trade Agreement between the two governments came into force in March 2012. As of May 2025, South Korea seeks to delay a decision about tariffs until new presidential elections in June 2025. Korea’s export trade with the U.S. In 2024, the United States was the second most important export trade destination after China. In accordance with the high trade surplus recorded by South Korea, the value of goods exports to the U.S. continued to increase every year. Historically, China and the U.S. were the most important export partner for South Korea, with changes only happening due to domestic or bilateral politics. The effect of U.S. president Trump’s increase of tariffs on the economic relations between the two nations remains to be seen. Korea’s imports from the U.S. Despite the trade balance tipping in clear favor of South Korea, the United States was still one of the most important partners for imports. Overall, the value of goods imported into the country has increased, with a quick recovery from occasional decreases. Next to the imports of goods, the United States have become one of the most important suppliers of foreign direct investment (FDI) for South Korea. Despite this importance, the actual investments were notably lower than the pledged amount.
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Korea Exports: Mfg Good: Iron and Steel: Taiwan data was reported at 54.737 USD mn in Oct 2018. This records an increase from the previous number of 47.319 USD mn for Sep 2018. Korea Exports: Mfg Good: Iron and Steel: Taiwan data is updated monthly, averaging 32.846 USD mn from Jan 1991 (Median) to Oct 2018, with 334 observations. The data reached an all-time high of 132.539 USD mn in Apr 2008 and a record low of 4.814 USD mn in Feb 1991. Korea Exports: Mfg Good: Iron and Steel: Taiwan data remains active status in CEIC and is reported by Korea International Trade Association. The data is categorized under Global Database’s Korea – Table KR.WA006: Exports and Imports: by Country.
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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.