Flag China / South Korea Flag

2020
FlagFlag
Exports
: $110B, Rnk 5 / 209

2020
FlagFlag
Top Product
: $16.3B, Integrated Circuits

2020
FlagFlag
Exports
: $131B, Rnk 1 / 218

2020
FlagFlag
Top Product
: $37.5B, Integrated Circuits

2020
Flag
Economic Complexity (ECI)
: ECI 0.96, Rnk 28 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
Flag  
GDP
: $14.7T, CURRENT US$
Rnk 2 / 195

2010-2020
Flag
GDP GROWTH
: 142%, CURRENT US$
Rnk 5 / 195

2020
Flag
 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
Flag
GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
Flag
GDP PC 
: $10,435, CURRENT US$
Rnk 68 / 195

2010-2020
Flag
GDP PC GROWTH
: 129%, CURRENT US$
Rnk 5 / 195

2020
Flag
GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

China-South Korea In 2020, China exported $110B to South Korea. The main products that China exported to South Korea are Integrated Circuits ($16.3B), Broadcasting Equipment ($3.89B), and Computers ($3.86B). During the last 25 years the exports of China to South Korea have increased at an annualized rate of 11.4%, from $7.37B in 1995 to $110B in 2020.

In 2020, China did not export any services to South Korea.

South Korea-China In 2020, South Korea exported $131B to China . The main products that South Korea exported to China were Integrated Circuits ($37.5B), Machinery Having Individual Functions ($5.78B), and Refined Petroleum ($5.62B). During the last 25 years the exports of South Korea to China have increased at an annualized rate of 11.1%, from $9.56B in 1995 to $131B in 2020.

In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

Comparison In 2020,  China ranked 28 in the Economic Complexity Index (ECI 0.96), and 1 in total exports ($2.65T). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, China exported $110B to South Korea. The main products exported from China to South Korea were Integrated Circuits ($16.3B), Broadcasting Equipment ($3.89B), and Computers ($3.86B). During the last 25 years the exports of China to South Korea have increased at an annualized rate of 11.4%, from $7.37B in 1995 to $110B in 2020.

In 2020, South Korea exported $131B to China. The main products exported from South Korea to China were Integrated Circuits ($37.5B), Machinery Having Individual Functions ($5.78B), and Refined Petroleum ($5.62B). During the last 25 years the exports of South Korea to China have increased at an annualized rate of 11.1%, from $9.56B in 1995 to $131B in 2020.

Market Competitiveness

#permalink to section
Measure

China
Top Destination
: United States, $438B

South Korea
Top Destination
: China, $131B

This map shows whether countries import more from China or South Korea. Each country is colored based on the difference in imports they receive from China and South Korea or the difference in the growth in imports.

In 2019, countries that imported more from China than South Korea were United States ($438B), Hong Kong ($262B), and Japan ($151B).

In 2019, countries that imported more from South Korea than China were Marshall Islands ($4.84B), Bermuda ($1.24B), and Malta ($2.02B).

Comparative Advantage China - South Korea

#permalink to section
Flow

This chart compares trade between China and South Korea by product, considering products traded by both, China and South Korea.

During 2020, China had a large net trade with South Korea in the exports of Machines ($53.5B), Metals ($9.91B), and Chemical Products ($8.66B).

During 2020, South Korea had a large net trade with China in the exports of Machines ($71.2B), Chemical Products ($15.3B), and Instruments ($11.2B).

Bilateral Service Trade

#permalink to section

In 2005, South Korea exported services to China worth $5.46B, with Transportation ($4.09B), Travel ($783M), and Other business services ($274M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more China has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over China.