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.
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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.
In 2024, South Korea imported approximately ***** billion U.S. dollars from China. The United States was the second-largest source of imports for South Korea, with a total import value of around ** billion dollars.
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South Korea's total Imports in 2024 were valued at US$631.73 Billion, according to the United Nations COMTRADE database on international trade. South Korea's main import partners were: China, the United States and Japan. The top three import commodities were: Mineral fuels, oils, distillation products; Electrical, electronic equipment and Machinery, nuclear reactors, boilers. Total Exports were valued at US$683.13 Billion. In 2024, South Korea had a trade surplus of US$51.40 Billion.
In 2023, China was North Korea's leading trading partner with an export value of goods amounting to around ****** million U.S. dollars. It was followed by Vietnam with about **** million U.S. dollars. China was also the leading trading partner in terms of North Korea's value of goods imported that year.
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Japan's total Exports in 2024 were valued at US$707.39 Billion, according to the United Nations COMTRADE database on international trade. Japan's main export partners were: the United States, China and South Korea. The top three export commodities were: Vehicles other than railway, tramway; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$742.67 Billion. In 2024, Japan had a trade deficit of US$35.28 Billion.
China was the leading trade partner of Uzbekistan, with the sum of exports and imports measured at around 13.8 billion U.S. dollars in 2023. Furthermore, China was Uzbekistan's leading import partner and the second-major export partner. Other key trade partners of Uzbekistan included Russia, Kazakhstan, Turkey, and South Korea.
The European Union has experienced a shift in its biggest trade partners since the early 2000s. Over the past two decades, the share of EU imports flowing from China has more than doubled, from around 8 percent in 2002 to over 20 percent in 2024, making China the EU's largest external import partner. At the same time, the proportion of total imports coming from the United Kingdom, which was historically a large importer to EU countries (the UK was an EU member state until 2020), have more than halved, from 18 percent to less than 7 percent. This secular trend existed before the UK voted to leave the EU in 2016, however, there has been a notable drop in imports from the UK since Brexit was enacted in 2020. By contrast the share of the EU's import trade taken by the U.S., Switzerland, and the Rest of World have remained relatively stable over this period. The share of exports coming from Russia was growing steadily in the period before 2014, after which the EU imposed economic sanctions on Russia due to the illegal annexation of Crimea from Ukraine. Imports from Russia collapsed in 2023, due to the effect of the additional economic sanctions placed on Russia in response to the full scale invasion of Ukraine in February of 2022.The Russian Federation is now only the tenth-largest exporter to the EU, after India, Japan, and South Korea.
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China's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.
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Australia's total Exports in 2024 were valued at US$340.85 Billion, according to the United Nations COMTRADE database on international trade. Australia's main export partners were: China, Japan and South Korea. The top three export commodities were: Mineral fuels, oils, distillation products; Ores slag and ash and Pearls, precious stones, metals, coins. Total Imports were valued at US$296.48 Billion. In 2024, Australia had a trade surplus of US$44.37 Billion.
This statistic shows Iran's main import partners in 2023, sorted by their share in total imports. In 2023, Iran's main import partner was the China with a share of 34 percent in all imports. Iran's struggling economy Iran’s main import partners in descending order of importance include the United Arab Emirates, China, Algeria, India, South Korea and Turkey. Together the United Arab Emirates and China compose over 50 percent of all imports. No European countries or the United States are close trade partners with Iran for neither imports nor exports. Iran has been isolated from the west with sanctions due to concerns over the country's role in the manufacture of weapons of mass destruction for decades. In 2011, further sanctions on Iran from the United States and Europe were agreed upon, which negatively affected Iran’s economy. This also had an effect on the value of totalimports into the country which also dropped slightly around the same period. This is likely due to the fact that Iran’s GDP per capita also reduced significantly thereafter, limiting the country’s capacity to import goods. Compared to the GDP per capita of Saudi Arabia, Iran’s is significantly lower. Aside from the Saudi Arabian oil trade, one difference could be attributed to the fact that Saudi Arabia, in contrast to Iran, has developed strong international ties and trades freely with Europe and the United States, whereas Iran remains isolated for the time being.
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Vietnam's total Exports in 2023 were valued at US$353.08 Billion, according to the United Nations COMTRADE database on international trade. Vietnam's main export partners were: the United States, China and South Korea. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Footwear, gaiters and the like,. Total Imports were valued at US$325.44 Billion. In 2023, Vietnam had a trade surplus of US$27.63 Billion.
Japan receives almost **** of its commodity imports from Asia, as China remains a key trade partner. In 2024, commodities imported from China accounted for a **** percent share of imports on a value basis. The United States followed as the second-largest source of goods entering Japan, while it overtook China as the leading export partner in 2024. What goods are entering Japan? The country’s low energy self-sufficiency and lack of reserves makes ************* like *********, *********************, and **** a key import item. Another commodity group important to domestic manufacturers is electrical machinery, including semiconductors and communications devices. As Japan is home to prominent multinational corporations in the automotive, technology, and consumer electronics industries, semiconductors have become a strategic element to the country’s economic success. While the Japanese government plans to revive the domestic semiconductor industry through financial support, imports of integrated circuits from production areas like Taiwan and South Korea are needed to meet demand. Japan’s import position in the global market Japan’s current account of goods and services is characterized by a deficit as imports exceed exports. The country managed to shrink the deficit in the last decade, but it grew again since 2022. A jump in mineral fuel prices and the weakening of the yen compared to major currencies like the U.S. dollar and euro drove up import costs. Apart from China, major trade partners with whom Japan recorded a negative trade balance include mostly suppliers of ************* like *********, ************, and the ********************.
The United States was the world’s leading exporter of natural gas in 2024, exporting ********** cubic meters of gas via pipelines and ************* cubic meters of liquefied natural gas (LNG). Russia was the second-largest natural gas exporter globally, followed by Qatar and Norway. Pipeline vs LNG exports Among other top natural gas exporters, Canada is one of only two countries relying exclusively on pipelines. Pipelines are considered the safest means of transporting gaseous fuels, however, their use is often limited to shorter distances over land. As such, the United States is Canada's only direct trading partner for natural gas. Pipelines are also the most common form of moving gas across the European continent, with the majority of Russian natural gas exports ending in European consumer markets. LNG on the other hand is mostly used in inter-continental exports to destinations far removed from large-scale producing sites. Japan, China, and South Korea make up more than half of the LNG import market share worldwide. Natural gas liquefaction When pipeline transport is not feasible, natural gas is liquified to be transported over long distances. During this process, natural gas is cooled down to minus 160 degrees Celsius, which results in a reduction of its volume by around 600-fold. Natural gas was first transported in its liquid stage in the late 1950s. In 2024, the United States was the country with the largest operating LNG export capacity worldwide, Australia came in second place. The U.S. was also the country with the leading LNG export capacity under development.
Russia's five main import partners in 2023 were China, Turkey, Kazakhstan, Germany, and South Korea. The value of Russia's imports from its top partner China amounted to over *** billion U.S. dollars in that year. Imports from Germany were worth approximately *** billion U.S. dollars.
This statistic shows the main import partners of Saudi Arabia in 2023. In 2023, China was the most important import partner of Saudi Arabia with a share of 21 percent in Saudi Arabia's total imports. Saudi Arabia's trade policy Imports have been increasing steadily in Saudi Arabia over the last few years, but reduced a bit in the last year. This is likely due to the country having less disposable income because of falling crude oil prices in the region, resulting in slight reductions in export revenue. At present, the main import partners for Saudi Arabia include China, the United States, India, Germany, South Korea and Japan. All of these countries are located outside of the region, just like the leading export recipients. Almost all of Saudi Arabia’s import partners are also the country's main export partners, with the exception of Germany and Singapore. In general, it is obvious that Saudi Arabia supports bi-lateral trade opportunities on an international scale, but exclusively with countries from outside the region. This has been a source of resentment from neighboring countries, who have opposed the role of the United States in the Middle East, for example. Presently, with the war in Syria, tensions are rising due to differing opinions about what to do and who to support in the region - especially regarding relations with Iran. While these tensions will most likely not affect Saudi Arabia’s established trading relationships, they could cause further instability in the region and throughout the world.
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Mexico's total Imports in 2024 were valued at US$625.87 Billion, according to the United Nations COMTRADE database on international trade. Mexico's main import partners were: the United States, China and South Korea. The top three import commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Exports were valued at US$618.98 Billion. In 2024, Mexico had a trade deficit of US$6.89 Billion.
In 2023, the production volume of liquor bottles in Japan amounted to approximately ****** thousand metric tons, meaning that liquor bottles were the largest category of glass products manufactured. Following closely were food and condiment containers, with a production volume of around ****** thousand tons. Glass as a sustainable alternative to plastic packaging The demand for more sustainable packaging materials has surged since the Japanese government enacted a law in 2022, aiming to reduce the use of disposable plastic products. Glass is increasingly preferred as an alternative to plastic packaging due to its recyclability, reusability, and sustainability. However, paper is often more attractive for packaging as it is lighter, less fragile, and easier to transport. In Japan, glass is collected separately for recycling. The recycling rate of glass bottles exceeded ** percent in recent years and was much higher than the overall recycling rate of waste, which remained at around ** percent. Japan’s impact on the global glass market In recent years, Japan ranked among the top global glass and glassware exporting countries, contributing around *** percent of the global glass exports. Kyocera Corporation was the third-largest glass producer worldwide based on revenue. AGC and Nippon Sheet Glass also secured positions within the top ten global glass companies.Asian countries such as China, South Korea, and Singapore as well as the United States were Japan’s main trading partners for glass exports.
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Vietnam's total Imports in 2023 were valued at US$325.44 Billion, according to the United Nations COMTRADE database on international trade. Vietnam's main import partners were: China, South Korea and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Machinery, nuclear reactors, boilers. Total Exports were valued at US$353.08 Billion. In 2023, Vietnam had a trade surplus of US$27.63 Billion.
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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.