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South Korea Exports (% GDP)

South Korea's exports (% GDP) fell to 44% in 2023, down from 48.27% in 2022, according to World Bank. This represents a decrease of 4.27% from the previous year. South Korea has exports (% GDP) higher than the global median (44.00% vs median 37.25%). Compared with the median in Asia, South Korea is higher (44.00% vs regional median 34.51%) and ranks 19th out of 45 countries in Asia.

South Korea's imports (% GDP) fell to 43.94% in 2023, down from 48.26% in 2022.

Yearly Historical Data (1960-2023)

(in %)
Year Exports (% GDP)
2023 44%
2022 48.27%
2021 41.88%
2020 36.36%
2019 39.28%
2018 41.71%
2017 40.93%
2016 40.13%
2015 42.99%
2014 47.83%
2013 51.29%
2012 54.09%
2011 53.34%
2010 47.1%
2009 45.19%
2008 47.64%
2007 37.39%
2006 35.63%
2005 35.28%
2004 36.75%
2003 31.4%
2002 29.77%
2001 31.79%
2000 33.94%
1999 32.59%
1998 39.54%
1997 28.35%
1996 24.8%
1995 25.72%
1994 24.07%
1993 23.67%
1992 24.07%
1991 23.78%
1990 24.99%
1989 27.36%
1988 32.49%
1987 34.82%
1986 31.97%
1985 26.87%
1984 28.9%
1983 27.89%
1982 27.37%
1981 29.94%
1980 28.44%
1979 23.65%
1978 25%
1977 26.05%
1976 25.53%
1975 22.65%
1974 22.23%
1973 23.92%
1972 16.6%
1971 12.68%
1970 11.44%
1969 10.61%
1968 10.14%
1967 9.11%
1966 8.44%
1965 7.13%
1964 4.96%
1963 3.95%
1962 3.88%
1961 4.04%
1960 2.64%
South Korea Exports (% GDP) : Definition
Exports (% GDP) measures the value of goods and services sold abroad by South Korea compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $683.13B $631.8B 2024
Annual Imports $631.73B $642.55B 2024
Balance of Trade $9.6B $6.5B Sep'25
Exports $66B $58.4B Sep'25
FDI Inflows (% GDP) 1.11% 1.5% 2023
Imports $56.4B $51.9B Sep'25
Imports (% GDP) 43.94% 48.26% 2023
Net Trade (Goods & Services, BoP) $76.43B $10.83B 2024
Tariff Rate 5.73% 5% 2022
Trade (% GDP) 87.94% 96.54% 2023