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Full trade & compliance profile

South Korea — Trade & Compliance

South Korea's trade profile consolidates its merchandise flow from CEPII BACI, the preferential agreements it has entered from the World Bank, the international cargo conventions it has ratified from the UN Treaty Collection, and its applied tariff, VAT and currency of record from the World Bank, the EU and ISO 4217.

Every figure is shown as its named source records it and dated where the source dates it; trade partners and product codes link to their own pages where logibook profiles them.

21
trade agreements
8
cargo treaties
13.64%
MFN applied tariff

Memberships & standing

Income groupHigh income
DatabookThe Record of Consolidated Knowledge
South Korea beyond logistics?
Browse databook

Trade Flow

Top export markets
  1. 1China18.9%
  2. 2USA18.1%
  3. 3Viet Nam8.1%
  4. 4Taiwan5.4%
  5. 5China, Hong Kong SAR5.0%
CEPII BACI · 2024
Top import sources
  1. 1China22.6%
  2. 2USA11.5%
  3. 3Japan6.7%
  4. 4Saudi Arabia5.1%
  5. 5Australia4.8%
CEPII BACI · 2024
Leading export goods (HS2)
  1. 1Electrical machinery32.3%
  2. 2Vehicles13.1%
  3. 3Machinery & mechanical appliances11.7%
  4. 4Mineral fuels & oils7.6%
  5. 5Plastics5.1%
CEPII BACI · 2024
Leading import goods (HS2)
  1. 1Mineral fuels & oils26.1%
  2. 2Electrical machinery18.2%
  3. 3Machinery & mechanical appliances10.9%
  4. 4Optical/medical instruments3.5%
  5. 5Vehicles3.1%
CEPII BACI · 2024
Fastest-rising export markets
  1. 1USA+2.27pp
  2. 2Taiwan+1.75pp
  3. 3China, Hong Kong SAR+0.83pp
CEPII BACI · 2024
Declining export markets
  1. 1China−2.73pp
  2. 2Viet Nam−0.51pp
  3. 3Indonesia−0.34pp
CEPII BACI · 2024
Fastest-rising export goods
  1. 1Vehicles+2.37pp
  2. 2Ships & boats+0.88pp
  3. 3Electrical machinery+0.63pp
CEPII BACI · 2024
Declining export goods
  1. 1Mineral fuels & oils−1.45pp
  2. 2Plastics−0.86pp
  3. 3Iron & steel−0.58pp
CEPII BACI · 2024

Showing the leading partners and product groups by trade share; the full bilateral flow matrix is inCEPII BACI · 2024

Preferential Trade Agreements

United Kingdom - Korea, Republic of2021
FTA & EIAGoods & Services
Korea, Republic of - Central America2019
FTA & EIAGoods & Services
Korea, Republic of - Colombia2016
FTA & EIAGoods & Services
Canada - Korea, Republic of2015
FTA & EIAGoods & Services
China - Korea, Republic of2015
FTA & EIAGoods & Services
Korea, Republic of - New Zealand2015
FTA & EIAGoods & Services
Korea, Republic of - Viet Nam2015
FTA & EIAGoods & Services
Korea, Republic of - Australia2014
FTA & EIAGoods & Services
Korea, Republic of - Türkiye2013
FTA & EIAGoods & Services
Korea, Republic of - United States2012
FTA & EIAGoods & Services
EU - Korea, Republic of2011
FTA & EIAGoods & Services
Peru - Korea, Republic of2011
FTA & EIAGoods & Services
ASEAN - Korea, Republic of2010
FTA & EIAGoods & Services
Korea, Republic of - India2010
FTA & EIAGoods & Services
EFTA - Korea, Republic of2006
FTA & EIAGoods & Services
Korea, Republic of - Singapore2006
FTA & EIAGoods & Services
Korea, Republic of - Chile2004
FTA & EIAGoods & Services
Asia Pacific Trade Agreement (APTA) - Accession of China2002
PSAGoods
Global System of Trade Preferences among Developing Countries (GSTP)1989
PSAGoods
Asia Pacific Trade Agreement (APTA)1976
PSA & EIAGoods & Services
Protocol on Trade Negotiations (PTN)1973
PSAGoods
World Bank DTA · 21 trade agreements in force

International Cargo Treaties

  • Convention on the International Maritime Organization. Geneva, 6 March 1948
    Party · 1962176 ratifications
  • Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982. New York, 28 July 1994
    Party · 1994171 ratifications
  • Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction. New York, 19 June 2023
    Party · 2025148 ratifications
  • Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. New York, 4 August 1995
    Party · 2008107 ratifications
  • United Nations Convention on Contracts for the International Sale of Goods. Vienna, 11 April 1980
    Party · 200499 ratifications
  • Customs Convention on the International Transport of Goods under Cover of TIR Carnets (TIR Convention). Geneva, 14 November 1975
    Party · 198279 ratifications
  • International Convention to Facilitate the Importation of Commercial Samples and Advertising Material. Geneva, 7 November 1952
    Party · 197865 ratifications
  • Customs Convention on Containers, 1972. Geneva, 2 December 1972
    Party · 198442 ratifications
UN Treaty Collection · 8 ratified

Fiscal & Tariffs

MFN applied tariff
13.64%
simple average (2022)
World Bank WDI

Key commodities

Top mineral output
steel, crude
66.7M tonnes (metric)
BGS · 2023
Energy production
Primary energy production
U.S. EIA

Top item per category of 42 commodities trackedfull lists: FAOSTAT · 2026-05 · British Geological Survey · U.S. EIA

All Sources

TradeCountry Trade Facts (CEPII BACI)
etalab-2.0
TradeWorld Bank Deep Trade Agreements (DTA)
cc-by-4.0
Sanctions & complianceUN Treaty Collection — Multilateral Treaties Deposited (MTDSG)
open
fiscalWorld Bank – World Development Indicators (WDI)
cc-by-4.0
commoditythe British Geological Surveythe British Geological Survey
OGL
Referencelogibook trade-bloc referencelogibook trade-bloc reference
Compiled (public facts)
commoditythe U.S. Energy Information Administrationthe U.S. Energy Information Administration
Public domain (US gov)
Referenceinternational organisation membership recordsinternational organisation membership records
Public (official lists)
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