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see Australia–Korea Free Trade Agreement: 11 Canada 28 July 2005 22 September 2014 1 January 2015 see Canada–Korea Free Trade Agreement: 12 China 14 May 2012 1 June 2015 20 December 2015 see China–South Korea Free Trade Agreement: 13 New Zealand 8 June 2009 23 March 2015 20 December 2015 14 Vietnam 6 August 2012 5 May 2015 20 December 2015
The following is a list of the exports of South Korea. Data is for 2012, in millions of United States dollars, as reported by The Observatory of Economic Complexity. Currently the top twenty exports are listed. #
The 15 member countries account for about 30% of the world's population (2.2 billion people) and 30% of global GDP ($29.7 trillion), making it the largest trade bloc in history. [3] Signed in November 2020, RCEP is the first free trade agreement among the largest economies in Asia, including China, Indonesia, Japan, and South Korea. [4]
In the 1990s domestic consumption of luxury goods increased including high tech and electronics products which reduced exports which resulted in Korea's trade deficit and current account deficit. [3] In the mid-1990s Korea reduced tariff rates and import restriction on autos, high tech products and financial services.
South Korea has bilateral agreements with the following countries and blocs: [62] ASEAN (entered in to force on 1 June 2007) Australia (see Korea–Australia Free Trade Agreement KAFTA) (entered in to force on 12 December 2014) Canada (see South Korea–Canada Free Trade Agreement) (entered in to force on 1 January 2015)
Both parties agreed to eliminate bilateral trade tariffs on most goods traded within five years of it coming into effect, with around 95–98% of goods traded in terms of value during 2017–2018 being covered by the agreement. Key Korean exports covered by the agreement included automobile and machine parts, while Indonesian exports covered ...
And the EU is Korea's third largest export destination. [2] The two have signed a free trade agreement which came into effect at end of 2011. [3] Furthermore, South Korea is the only country in the world with the three agreements covering economics, politics and security in effect as of 2020. [4]
This article provides a comprehensive list of the largest exporting countries by product category. It includes information on the top exporting countries for various product categories and shows the market leaders in different export markets.