Main article: South Korea
2024
Maintaining record exports to Kyrgyzstan amid sanctions against Russia
Start redirecting major exports from China to the US
2023
Russia halves seafood shipments to South Korea but remains biggest exporter
At the end of 2023, Russia halved the supply of seafood to South Korea, but remained the largest exporter. This was announced in January 2024 by the head of the fisheries information agency Alexander Savelyev, citing data from South Korean customs statistics.
 | But, despite such a reduction, the share of Russian products in the total volume of Korean imports in this area amounted to almost 30%. Thus, Russia remained the largest supplier of seafood to South Korea, he said in a conversation with Interfax. |  |
According to Savelyev, frozen pollock accounts for the main export of Russian seafood to South Korea. The second most imported fish was herring ice cream. In third place is frozen pollock caviar, in fourth - frozen sardines, in fifth - frozen yellowfin flounder, in sixth - frozen pollock milks.
There are also data according to which, in addition, Russia the top ten largest suppliers of seafood to the South Korean market at the end of 2023 also includes the following countries:,, China,, Norway,, Peru,, and Vietnam. USA Taiwan Chile Japan The average import Mexico price of seafood imported into South Korea in 2023 was $4.71 per 1 kg, the agency adds.
China in 2023 supplied 212 thousand tons of seafood to South Korea, which is 1.4% more than a year ago. The largest share in Chinese exports was taken by the frozen sea devil. Norway, one of the three largest suppliers of seafood to the South Korean market, in 2023 reduced exports by 10.7%, to 78 thousand tons. Peru ships mainly giant squid to South Korea, Vietnam - octopuses, the United States - yellowfin flounder, Taiwan - Saira.[1]
Export decline for five months in a row
In February 2023, South Korea's exports contracted for the fifth month in a row, down 7.5% from a year ago to $50.1 billion, while semiconductor exports fell 42.5% to $5.96 billion.
2022
G7 countries are the main export destination
China is the largest export destination
Growth in motor oil supplies to Russia by 116% to $229 million
In early July 2023, it became known that the export of engine oils from South Korea to Russia in 2022 more than doubled compared to the previous year.
According to the Financial Times newspaper, citing statistics from the South Korean government, the export of engine oils from this country to Russia in 2022 amounted to approximately $229 million in monetary terms. This is 116.7% more compared to the result for 2021. Oils, as noted, can be used in military equipment, in particular, in tanks, armored cars, etc.
The surge in supplies occurred after Western oil companies, including Total, Shell and BP, in the current geopolitical situation decided to reduce activities in Russia.
It is said that as a result of the departure of Western companies, SK Enmove (a subsidiary of the South Korean conglomerate SK Group) and GS Caltex (a joint venture of the South Korean GS Group and the American energy conglomerate Chevron) were able to increase income through the supply of engine oils to Russia. In particular, SK Enmove and GS Caltex delivered engine oil to Russia in the amount of about $2.8 million in January 2022. Since then, their volumes have risen sharply, peaking at about $28 million in March 2023.
SK Enmove accounts for 6.5% of Russian imports of engine oils, while GS Caltex accounts for just over 5%. Both manufacturers, according to the Financial Times, admitted that they won as a result of the departure of their competitors from the Russian market. At the same time, they say that they have taken precautions so that their products are not used for military purposes. Thus, GS Caltex said that "there is no chance" that its products can be used for military purposes, since the contract with the Russian side "contains clear rules for reselling products."[2]
Passenger car export growth
Increase in coal imports from Russia by 24%
Russian coal miners, through the provision of discounts, increased deliveries to South Korea by 24% in 2022, displacing the main player in this market - Australia. The growth of supplies was facilitated by a short transport arm from the Far East, as well as relatively affordable freight rates, which periodically allowed cargo to be sent to South Korea even from the ports of the European part of the Russian Federation.
Reduction in exports to Russia by 36% in the first 7 months
According to statistics from the South Korean Customs Service, the supply of South Korean goods to Russia decreased by 36% in January-July 2022. Exports to Russia amounted to $3.5 billion, with last year's level of $5.5 billion.
The United States allowed South Korea to supply smartphones and cars to the Russian Federation
On March 3, 2022, the Ministry of Trade, Industry and Energy of South Korea stated that the American sanctions restricting exports against Russia do not apply to cars, mobile phones and other consumer electronics. Read more here.
2021
China's third largest trading partner
South Korea is among the largest arms exporters in 5 years with a share of 2.8%
Fifth largest importer to Russia
Energy imports from Russia
For 2021 Russia , it sends most of its coal to Asia, as it Europe avoids this fuel.
US export boom
2019
Exporting Computer Devices
Decrease in trade turnover with Russia relative to 2014
The Impact of the Trump Administration's Trade Restrictions
2018: Export-import balance dynamics with Japan. Schedule
In 1990, more than 20% of Korean exports went to Japan, and in 2018 this figure decreased to 5%. Japan's exports to South Korea were more stable at 6 to 8%.
Notes
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