What are the main exports of South Korea?

What are the main exports of South Korea?

South Korea’s main exports include electronic products, machinery, motor vehicles (particularly automobiles), steel, ships, and textiles and clothing. With no petroleum reserves, South Korea must import substantial amounts of crude oil.

What are the top five exports of South Korea?

Main exports were electrical machinery and equipment (28 percent of total exports), nuclear reactors, boilers, machinery and mechanical (13 percent), road vehicles (12 percent), mineral fuels, mineral oils, bituminous substances (8 percent), plastics and articles thereof (6 percent), iron and steel (4 percent), optical …

Does South Korea import or export more?

Economy of South Korea – Overview The country of South Korea is currently ranked as the 5th largest export economy in the world, and it enjoys a positive trade balance of $107 billion (after deducting annual imports of $509 billion from their export output of $617B billion).

What is the biggest export in Korea?

Refined petroleum
The following is a list of the exports of South Korea….List of exports of South Korea.

# Country Value
1 Refined petroleum 51,540
2 Integrated circuits 49,126
3 Cars 42,484
4 Passenger and Cargo Ships 29,010

What products is South Korea known for?

South Korea is famous for being the land of kimchi, K-pop, K-dramas, tech giant Samsung, automotive manufacturer Hyundai, soju, Korean fried chicken, Korean barbecue, the 12-step skincare routine, and of course, Gangnam Style.

What are the top 3 Imports of South Korea?

Imports The top imports of South Korea are Crude Petroleum ($67.4B), Integrated Circuits ($34.3B), Petroleum Gas ($21.8B), Refined Petroleum ($18.4B), and Coal Briquettes ($11.8B), importing mostly from China ($108B), United States ($57.6B), Japan ($44.9B), Vietnam ($20.3B), and Saudi Arabia ($19.5B).