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Trade Data
18-08-2023
In 2022, South Korea's total imports amounted to $731.4 billion, representing an 18.9% growth compared to $615.0 billion in 2021. The total exports for 2022 reached $683.6 billion, marking a 6.1% increase from $644.4 billion in 2021.
South Korea's major imports include crude oil, electronic integrated circuits and microcomponents, petroleum gas, coal (including solid fuels made from coal), and refined petroleum. Overall, these accounted for 38.2% of South Korea's total import expenditures in 2022.
About 70.8% of South Korea's imports are provided by exporters from the following countries: Mainland China (comprising 35.6% of South Korea's global total), the United States (7.5%), Japan (5.2%), Australia (5.1%), Saudi Arabia (4.0%), Taiwan (2.8%), Vietnam (2.7%), Germany (2.2%), Qatar (2.2%), Indonesia (1.8%), United Arab Emirates (1.7%), and Malaysia (1.3%).
In 2022, South Korea's top five export products were electronic integrated circuits, refined petroleum, automobiles, automotive parts or accessories, followed by recorded media. In total, these major export products accounted for almost two-fifths (38.8%) of South Korea's overall exports. This percentage indicates a relatively concentrated scope of exported goods. South Korea is a significant exporter of cruise ships or cargo vessels, with notable sales volumes for electronic integrated circuits, automobiles, finished oil, and mobile phones that rank globally.
Approximately three-quarters (74%) of South Korea's export products are purchased by importers from the following countries: Mainland China (constituting 22.8% of South Korea's total), the United States (16.1%), Vietnam (8.9%), Japan (4.5%), Hong Kong (4.0%), Taiwan (3.8%), Singapore (3.0%), India (2.8%), Australia (2.7%), Mexico (1.9%), the Philippines (1.8%), and Malaysia (1.7%).
South Korea trade data consists of every maritime transaction record between South Korea and all global trading companies, including import and export data.
Tendata's import-export database provides not only South Korea customs data, business data, and internet data but also importer and exporter data for South Korea. Tendata's import-export database covers trade data for 218 countries and regions worldwide, with business data for 198 countries and internet data for 141 countries. The three databases are fully interconnected, and with just one search, global customer information is presented in 0.01 seconds.
1. Detailed descriptions of goods are provided.
2. Each transaction record includes company information for both the buyer and the seller, including company names and addresses.
3. Information about the notifier is provided, which is the party responsible for customs clearance and bill of lading procedures when the goods arrive at the port. This includes company names and addresses.
4. The weight, quantity, and packaging information, including container numbers, for the traded goods are displayed.
5. Country of origin and detailed port information, including ports of shipment, discharge, and shipping companies, are provided.
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Is Free Customs Data Useful?
Currently, customs data in the market is divided into two categories: paid and free. According to Tendata's knowledge, many customs data companies claim to have developed a free customs data system. However, the core intention is to attract traffic for secondary marketing and profit.
Shanghai Tendata iTrader provides detailed customs data inquiries from 80+ countries, (>>>Click to Use Data Analytics for Free Online) statistical data inquiries from 27 EU countries, millions of genuine and accurate purchaser information, and detailed information on successful client bill of ladings. With its system capable of generating 17 types of market data analysis reports with a single click, Tendata iTrader assists management in making informed decisions effortlessly.
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