Flag Germany / South Korea Flag

2019
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Exports
: $19.4B, Rnk 19 / 223

2019
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Top Product
: $5.2B, Cars

2019
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Exports
: $9.96B, Rnk 10 / 215

2019
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Top Product
: $1.57B, Cars

2019
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Economic Complexity (ECI)
: ECI 1.98, Rnk 4 / 157

2019
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Economic Complexity (ECI)
: ECI 1.95, Rnk 5 / 157

2019
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GDP
: $3.86T, CURRENT US$
Rnk 4 / 187

2009-2019
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GDP GROWTH
: 13.6%, CURRENT US$
Rnk 158 / 187

2019
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 GDP
: $1.65T, CURRENT US$
Rnk 12 / 187

2009-2019
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GDP GROWTH
: 74.5%, CURRENT US$
Rnk 52 / 187

2019
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GDP PC 
: $46,445, CURRENT US$
Rnk 18 / 187

2009-2019
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GDP PC GROWTH
: 12%, CURRENT US$
Rnk 135 / 187

2019
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GDP PC 
: $31,846, CURRENT US$
Rnk 32 / 187

2009-2019
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GDP PC GROWTH
: 66.4%, CURRENT US$
Rnk 36 / 187

Germany-South Korea: In 2019, Germany exported $19.4B to South Korea. The main products that Germany exported to South Korea are Cars ($5.2B), Packaged Medicaments ($683M), and Vehicle Parts ($558M). During the last 24 years the exports of Germany to South Korea have increased at an annualized rate of 4.97%, from $6.04B in 1995 to $19.4B in 2019.

In 2016, Germany exported services to South Korea worth $2.47B, with Transportation ($953M), Other business services ($877M), and Royalties and license fees ($321M) being the largest in terms of value.

South Korea-Germany: In 2019, South Korea exported $9.96B to Germany . The main products that South Korea exported to Germany were Cars ($1.57B), Electric Batteries ($939M), and Blood, antisera, vaccines, toxins and cultures ($716M). During the last 24 years the exports of South Korea to Germany have increased at an annualized rate of 2.18%, from $5.93B in 1995 to $9.96B in 2019.

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.

Comparison: In 2019,  Germany ranked 4 in the Economic Complexity Index (ECI 1.98), and 3 in total exports ($1.44T). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.95), and 6 in total exports ($555B).

Bilateral Trade by Products

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Depth
Value

In 2019, Germany exported $19.4B to South Korea. The main products exported from Germany to South Korea were Cars ($5.2B), Packaged Medicaments ($683M), and Vehicle Parts ($558M). During the last 24 years the exports of Germany to South Korea have increased at an annualized rate of 4.97%, from $6.04B in 1995 to $19.4B in 2019.

In 2019, South Korea exported $9.96B to Germany. The main products exported from South Korea to Germany were Cars ($1.57B), Electric Batteries ($939M), and Blood, antisera, vaccines, toxins and cultures ($716M). During the last 24 years the exports of South Korea to Germany have increased at an annualized rate of 2.18%, from $5.93B in 1995 to $9.96B in 2019.

Market Competitiveness

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Measure

Germany
Top Destination
: United States, $131B

South Korea
Top Destination
: China, $136B

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

In 2019, countries that imported more from Germany than South Korea were France ($115B), Netherlands ($87.7B), and United Kingdom ($86B).

In 2019, countries that imported more from South Korea than Germany were Vietnam ($47.8B), China ($136B), and Hong Kong ($31.6B).

Comparative Advantage Germany - South Korea

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Depth

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

During 2019, Germany had a large net trade with South Korea in the exports of Transportation ($6.13B), Machines ($5.4B), and Chemical Products ($2.94B).

During 2019, South Korea had a large net trade with Germany in the exports of Machines ($4.44B), Transportation ($2.22B), and Chemical Products ($1.11B).

Tariff Section

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This section shows import tariffs for products traded between Germany and South Korea (using the HS6 product classification and the last year reported).

In 2017, the products from Germany that paid the highest import tariffs to enter South Korea were Cereals, rolled or flaked grains nes (64.1%) and Cereal pellets (61.5%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Germany were Rice in the husk (paddy or rough) (513%) and Rice, husked (brown) (513%).

Explore Tariff Data

*The tariffs present between Germany and South Korea are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
249: Preferential tariff for Korea, Republic of

Bilateral Service Trade

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In 2016, Germany exported services to South Korea worth $2.47B, with Transportation ($953M), Other business services ($877M), and Royalties and license fees ($321M) being the largest in terms of value.

In 2005, South Korea exported services to Germany worth $1.78B, with Other business services ($826M), Transportation ($704M), and Travel ($121M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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