United States-South Korea In 2022, United States exported $73.6B to South Korea. The main products that United States exported to South Korea are Crude Petroleum ($13.2B), Petroleum Gas ($8.3B), and Machinery Having Individual Functions ($5.83B). During the last 27 years the exports of United States to South Korea have increased at an annualized rate of 3.94%, from $26B in 1995 to $73.6B in 2022.
In 2017, United States exported services to South Korea worth $24.3B, with Travel ($8.34B), Royalties and license fees ($5.77B), and Transportation ($4.01B) being the largest in terms of value.
South Korea-United States In 2022, South Korea exported $112B to United States. The main products that South Korea exported to United States were Cars ($22.5B), Office Machine Parts ($7.16B), and Motor vehicles; parts and accessories (8701 to 8705) ($6.84B). During the last 27 years the exports of South Korea to United States have increased at an annualized rate of 5.77%, from $24.6B in 1995 to $112B in 2022.
In 2005, South Korea exported services to United States worth $11.3B, with Transportation ($5.54B), Other business services ($3.23B), and Government services, n.i.e. ($855M) being the largest in terms of value.
Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).
COMPANIES In 2023, leading companies such as LG ELECTRONICS U.S.A. INC. (7.69M), SAMSUNG ELECTRONICS AMERICA (2.05M), and CNH INDUSTRIAL AMERICA LLC (34.4k) were at the forefront of exporting goods from South Korea to the United States. Conversely, LG ELECTRONICS INC (6.98M), SAMSUNG ELECTRONICS CO., LTD (1.89M), and LG ELECTRONICS INC. (195k) were notable for importing South Korea products to the United States.