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Main article: South Korea
Trade between Russia and South Korea
Main article: Trade between Russia and South Korea
2025
Decrease in exports to the United States to $122.9 billion
Trade deficit with China
2024
6th in terms of exports in the world
In 2024, the volume of world trade in goods and services reached $32.2 trillion, which is 4% more than in 2023, when a decrease of 2% was recorded. Trade in goods rose by 2%, services - by 10%. Such data are contained in the materials of the World Trade Organization (WTO), which TAdviser got acquainted with in mid-October 2025. Read more here.
Export of digital products - $68 billion
6th in terms of imports to the United States
Top 10 importers USA in 2024:
1. Mexico: $476 billion
2. China: $427 billion
3. Canada: $421 billion
4. Germany: $160 billion
5. Japan: $147 billion
6. South Korea: $116 billion
7. Vietnam: $114 billion
8. India: $84 billion
9. Ireland: $82bn
10. Italy: $73 billion
Maintaining record exports to Kyrgyzstan amid sanctions against Russia
Start redirecting major exports from China to the US
2023
Merchant fleet - 2.1 thousand ships
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
Passenger car export growth
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
3rd in the world in terms of electronics exports with a 7% share
China's third largest trading partner
South Korea is among the largest arms exporters in 5 years with a share of 2.8%
US export boom
2019
Imports from Russia for $16.4 billion
Export of computer devices for $1 billion
The Impact of the Trump Administration's Trade Restrictions
2018
Clothing exports - $2.1 billion
Dynamics of the balance of exports and imports 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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