2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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GDP PC 
$32,255CURRENT US$
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GDP PC GROWTH
26.7%CURRENT US$
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GDP PC
$33,815CURRENT US$
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GDP PC GROWTH
-31.2%CURRENT US$
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About

South Korea-Japan In 2022, South Korea exported $30.5B to Japan. The main products that South Korea exported to Japan are Refined Petroleum ($4.83B), Integrated Circuits ($976M), and Hot-Rolled Iron ($889M). During the last 27 years the exports of South Korea to Japan have increased at an annualized rate of 2.12%, from $17.3B in 1995 to $30.5B in 2022.

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

Japan-South Korea In 2022, Japan exported $50.8B to South Korea. The main products that Japan exported to South Korea were Machinery Having Individual Functions ($5.44B), Integrated Circuits ($4.14B), and Refined Petroleum ($2.3B). During the last 27 years the exports of Japan to South Korea have increased at an annualized rate of 1.86%, from $30.9B in 1995 to $50.8B in 2022.

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $30.5B to Japan. The main products exported from South Korea to Japan were Refined Petroleum ($4.83B), Integrated Circuits ($976M), and Hot-Rolled Iron ($889M). During the last 27 years the exports of South Korea to Japan have increased at an annualized rate of 2.12%, from $17.3B in 1995 to $30.5B in 2022.

In 2022, Japan exported $50.8B to South Korea. The main products exported from Japan to South Korea were Machinery Having Individual Functions ($5.44B), Integrated Circuits ($4.14B), and Refined Petroleum ($2.3B). During the last 27 years the exports of Japan to South Korea have increased at an annualized rate of 1.86%, from $30.9B in 1995 to $50.8B in 2022.

Exports from South Korea (Flag) to Japan (Flag) (2022)

Exports from Japan (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Japan
Top Destination
United States$137B

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

In 2021, countries that imported more from South Korea than Japan were Vietnam ($60.7B), China ($150B), and India ($20.6B).

In 2021, countries that imported more from Japan than South Korea were United States ($137B), Thailand ($30.8B), and Chinese Taipei ($50.1B).

Difference in imports from Japan (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Japan

Flow
Scale

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

During 2022, South Korea had a large net trade with Japan in the exports of Machines ($7.15B), Mineral Products ($5.38B), and Metals ($5.01B).

During 2022, Japan had a large net trade with South Korea in the exports of Machines ($19B), Metals ($8.75B), and Chemical Products ($7.56B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Japan worth $6.48B, with Transportation ($2.43B), Travel ($2.16B), and Other business services ($1.64B) being the largest in terms of value.

In 2009, Japan exported services to South Korea worth $8.05B, with Services not allocated ($3.91B), Transportation ($2.32B), and Travel ($1.64B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Japan (Flag) (2005)

Services Exports from Japan (Flag) to South Korea (Flag) (2009)

Economic Complexity

Competitive Landscape

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 South Korea has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Japan (Flag) (2022)

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