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Country Overview

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  • KOREA
  • VIETNAM

About Republic of Korea

korea
  • Capital City

    Seoul (since 1394)
  • National Anthem

    Aegukga National
  • Flower

    Mugunghwa (Rose of Sharon)
  • Language

    Korean; Hangeul
  • Land Size

    223,405㎢ (including North Korea)
  • South Korea only

    100,284㎢
  • Geographical Location

    The Korean Peninsula (lat. 33˚ 43˚; long. 124˚ - 132˚)
  • Standard Time

    9 hours ahead of Greenwich Mean Time
  • Population

    51.70 million (South Korea) (2016)
  • Median Age

    40.8 years (2016)
  • Economically Active Population

    27.03 million (2016)
  • Population Increase Rate

    0.42% (2015)
  • Life Expectancy

    Male, 79 years; female, 85.2 years (2016)
  • Religion

    0,726,463 Buddhists, 8,616,438
  • Protestants

    5,146,147 Catholics and others
  • Political System

    Free democracy; Presidential system
  • Gross Domestic Product(GDP)

    US$ 1,404 billion (2016)
  • Per Capita GNI

    US$ 27,633 (2016), GDP Growth Rate: 2.6%
  • Foreign Exchange Reserves

    US$ 371 billion (2016)
  • Exports

    US$ 496 billion (2016), Imports: US$ 406 billion (2016)
  • Major Industrial Products

    Semiconductors, automobiles, ships, consumer electronics, mobile telecommunications, equipment, steel, and chemicals.

Source : KOREA.net

Korea Statistics

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GDP (million current US$, 2015) 1,377,873
GDP per capita (US$, 2013-2015) 27,071
Current account balance (% GDP, 2013-2015) 6.6
Trade per capita (US$, 2013-2015) 12,940
Trade (% GDP, 2013-2015) 47.8
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Rank in world trade, 2015 Exports Imports
Merchandise 6 9
excluding intra-EU trade 5 6
Commercial services 16 11
excluding intra-EU trade 9 7

Merchandise Trade

(Million US$)
Merchandise Trade
Exports, 2015 Amount
Merchandise exports, f.o.b. 526,755
Merchandise imports, c.i.f. 436,499
Share in world total exports 3.20
(%)
Merchandise Trade
2010-2015 2014 2015
2 2 -8
1 2 -17
Share in world total imports 2.61


Breakdown in economy's total exports

Breakdown in economy's total imports


By main commodity group (2015)

By main commodity group (2015)

By main destination (2014)

By main origin (2014)

Agricultural Products1

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Top exported products, 2014 Amount
HS2402 Cigars, cheroots, cigarillos 669
HS2106 Other food preparations 596
HS2202 Waters containing added sugar 356
HS1902 Pasta 320
HS1905 Bread, pastry, other bakers' wares 292
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Top imported products, 2014 Amount
HS1005 Maize (corn) 2,632
HS0202 Meat of bovine animals, frozen 1,272
HS1001 Wheat and meslin 1,210
HS0203 Swine meat, fresh, chilled, frozen 1,158
HS2304 Solid residues from soya-bean oil 992

Share in economy's agricultural exports and imports



(Million US$)
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    Annual percentage change
2014 Amount 2010-2014 2013 2014
Exports 5,613 9 3 7
Imports 25,763 9 2 5


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FDI inflows, 2014 9 FDI outflows, 2014 31

1 As defined in the WTO Agreement on Agriculture. See the Technical Notes.

Non-Agricultural Products2

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Top exported products, 2014 Amount
HS8542 Electronic integrated circuits 51,609
HS2710 Petroleum oils, other than crude 49,098
HS8703 Motor cars for transport of persons 44,816
HS9013 Other optical appliances 24,884
HS8708 Parts for motor vehicles 8701-8075 24,265
notice
Top imported products, 2014 Amount
HS2709 Petroleum oils, crude 94,972
HS2711 Petroleum gases 36,586
HS8542 Electronic integrated circuits 30,076
HS2710 Petroleum oils, other than crude 29,662
HS2701 Coal; briquettes, ovoids 11,995

Share in economy's non-agricultural exports and imports

(Million US$)
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    Annual percentage change
2014 Amount 2010-2014 2013 2014
Exports 567,405 5 2 2
Imports 499,793 5 -1 2


notice
FDI inflows, 2014 -5,065 FDI outflows, 2014 10,020

2 Refers to WTO Non-Agricultural Market Access products (NAMA products). See the Technical Notes.

Trade in commercial services

(Million US$)
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    Annual percentage change
2015 Exports 2010-2015 2014 2015
Commercial services exports 96,844 3 8 -13
Commercial services imports 112,345 3 5 -2


notice
Share in world total exports, 2015 2.04 Share in world total imports, 2015 2.44

Breakdown in economy's total exports

Breakdown in economy's total imports

By main services item (2015)

By main services item (2015)

By main destination (2014)

By main origin (2014)




Source : World Trade Organization