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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. #
South Korea began to adapt an export-oriented economic strategy to fuel its economy. In 2022, South Korea was the ninth largest exporter and ninth largest importer in the world. The Bank of Korea and the Korea Development Institute periodically release major economic indicators and economic trends of the economy of South Korea. [30] [31]
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.
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
The steel industry plays a key role in the South Korean economy as it is the material for major industries such as automobiles, shipbuilding, and construction.In South Korea, the steel industry's GDP is 1.5 percent of all industries, and 4.9 percent of the manufacturing industry.
South Korea's major rice export markets are the United States, Australia, and Singapore, accounting for 60 percent of the total exports. As the demand for dining out increased due to the stabilization of COVID-19, the demand for Korean rice from overseas Korean markets such as the United States and Australia decreased. [10]
The neo-liberal policy was implemented in South Korea as there was a previous agreement with IMF during the financial crisis where South Korea must make a legal agreement to follow IMF regulations to reconstruct South Korea when the bailout package was provided. [15] IMF agreement had effectively improved South Korea economy during the period.