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 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.

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 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.

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.

This statistic shows South Korea's main trade partners with which South Korea a had trade surplus in trade balance in 2017. During the period in consideration, Hong Kong was the second significant trade partner for South Korea by the value of trade surplus, which amounted to about ***** billion U.S. dollars. Click here to figure out South Korea's main partners with which the country had a trade deficit.

Brazil Automobile Main Trading Partners: Exports: South Korea data was reported at 20.600 USD mn in 2018. This records an increase from the previous number of 14.100 USD mn for 2017. Brazil Automobile Main Trading Partners: Exports: South Korea data is updated yearly, averaging 15.700 USD mn from Dec 2006 (Median) to 2018, with 13 observations. The data reached an all-time high of 79.300 USD mn in 2006 and a record low of 6.400 USD mn in 2009. Brazil Automobile Main Trading Partners: Exports: South Korea data remains active status in CEIC and is reported by National Association of Automobile Manufacturers. The data is categorized under Brazil Premium Database’s Automobile Sector – Table BR.RAE006: Automobile Main Trading Partners: Exports: South Korea. Export data in value include assembled and knocked-down vehicles, agricultural and highway construction machinery, engines and components manufactured by ANFAVEA member companies.

Top Import Trading Partners of South-korea with import value and Year on Year growth comparison

In this paper, time-series and cross-country data spanning from January 2020 to December 2020 are adopted to empirically investigate the impact of the COVID-19 pandemic on exports and imports in China, Japan, and South Korea. In the models, industrial production, trade openness, government response (including monetary and fiscal intervention), and the pandemic impact of major trade partners are controlled. In addition, the three countries, China, Japan, and South Korea, are also estimated separately in consideration of the cross-country disparity. The results show that domestic epidemics in China, Japan, and South Korea have a non-significant (statistically significant) effect on imports, but are negatively correlated with exports in Japan; epidemics in major trading partners are negatively correlated with imports in Japan and positively correlated with exports in China and South Korea; and government intervention is positively correlated with imports in China and positively correlated with exports in China, Japan, and South Korea.

In 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.

Imports: ISIC Section: fob: South Korea: Other Products data was reported at 0.272 USD mn in Mar 2025. This records an increase from the previous number of 0.130 USD mn for Feb 2025. Imports: ISIC Section: fob: South Korea: Other Products data is updated monthly, averaging 0.124 USD mn from Jan 1997 (Median) to Mar 2025, with 339 observations. The data reached an all-time high of 6.979 USD mn in Mar 2012 and a record low of 0.006 USD mn in Aug 2003. Imports: ISIC Section: fob: South Korea: Other Products data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.ISIC: Main Trading Partners: Section: Imports: Value.

Brazil Automobile Main Trading Partners: Exports: South Korea: Agricultural Machinery data was reported at 0.100 USD mn in 2015. This stayed constant from the previous number of 0.100 USD mn for 2013. Brazil Automobile Main Trading Partners: Exports: South Korea: Agricultural Machinery data is updated yearly, averaging 0.100 USD mn from Dec 2006 (Median) to 2015, with 5 observations. The data reached an all-time high of 0.200 USD mn in 2006 and a record low of 0.000 USD mn in 2010. Brazil Automobile Main Trading Partners: Exports: South Korea: Agricultural Machinery data remains active status in CEIC and is reported by National Association of Automobile Manufacturers. The data is categorized under Brazil Premium Database’s Automobile Sector – Table BR.RAE006: Automobile Main Trading Partners: Exports: South Korea. Export data in value include assembled and knocked-down vehicles, agricultural and highway construction machinery, engines and components manufactured by ANFAVEA member companies.

In 2023, North Korea conducted more than ** percent of its foreign trade with China. Its economic dependence on China has increased over the past two decades and reached its highest level that year.

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.

In 2023, China was North Korea's leading trading partner, with a trade value totaling around *** billion U.S. dollars. China took up over ** percent of North Korea's total international trade value.

Turkey Imports: South Korea data was reported at 9,245,622.323 USD th in 2024. This records a decrease from the previous number of 9,487,978.167 USD th for 2023. Turkey Imports: South Korea data is updated yearly, averaging 7,034,762.684 USD th from Dec 2013 (Median) to 2024, with 12 observations. The data reached an all-time high of 9,487,978.167 USD th in 2023 and a record low of 5,734,268.456 USD th in 2020. Turkey Imports: South Korea data remains active status in CEIC and is reported by Turkish Statistical Institute. The data is categorized under Global Database’s Turkey – Table TR.JA021: General Trade System: Imports: by Top Trading Partner.

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.

Brazil Exports: HS2: Vol: South Korea: Tools, Implements, Cutlery, Spoons & Forks, of Base Metal; Parts Thereof of Base Metal data was reported at 5,016.000 kg in Mar 2025. This records an increase from the previous number of 286.000 kg for Feb 2025. Brazil Exports: HS2: Vol: South Korea: Tools, Implements, Cutlery, Spoons & Forks, of Base Metal; Parts Thereof of Base Metal data is updated monthly, averaging 382.000 kg from Jan 1997 (Median) to Mar 2025, with 324 observations. The data reached an all-time high of 28,269.000 kg in Nov 2000 and a record low of 0.000 kg in Sep 2020. Brazil Exports: HS2: Vol: South Korea: Tools, Implements, Cutlery, Spoons & Forks, of Base Metal; Parts Thereof of Base Metal data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.HS: 2 Digits: Main Trading Partners: Exports: Volume.

Exports: ISIC Section: fob: South Korea: Manufacturing data was reported at 278.891 USD mn in Mar 2025. This records an increase from the previous number of 108.666 USD mn for Feb 2025. Exports: ISIC Section: fob: South Korea: Manufacturing data is updated monthly, averaging 115.196 USD mn from Jan 1997 (Median) to Mar 2025, with 339 observations. The data reached an all-time high of 429.494 USD mn in Oct 2024 and a record low of 14.492 USD mn in Nov 1998. Exports: ISIC Section: fob: South Korea: Manufacturing data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.ISIC: Main Trading Partners: Section: Exports: Value.

Brazil Exports: HS2: fob: South Korea: Articles of Apparel & Clothing Accessories, Not Knitted or Crocheted data was reported at 0.116 USD mn in Aug 2024. This records an increase from the previous number of 0.000 USD mn for Jul 2024. Brazil Exports: HS2: fob: South Korea: Articles of Apparel & Clothing Accessories, Not Knitted or Crocheted data is updated monthly, averaging 0.004 USD mn from May 1999 (Median) to Aug 2024, with 190 observations. The data reached an all-time high of 0.116 USD mn in Aug 2024 and a record low of 0.000 USD mn in Apr 2024. Brazil Exports: HS2: fob: South Korea: Articles of Apparel & Clothing Accessories, Not Knitted or Crocheted data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.HS: 2 Digits: Main Trading Partners: Exports: Value.