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The European Union (EU) and South Korea are important trade partners: As of April 2023, Korea is the EU's third-largest importer. Excluding European countries, Korea has secured the third place on the list, following China and the United States. [1] And the EU is Korea's third largest export destination. [2]
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
In addition, South Korea's rigorous education system and the establishment of a highly motivated and educated populace is largely responsible for spurring the country's high technology boom and rapid economic development. [126] South Korea's industrial manufacturing capability has doubled and its export sector has grown rapidly.
Gangwon Province, South Korea: KR₩ 62 trillion US$ 50 billion Province 14 Daejeon: KR₩ 54 trillion US$ 43 billion Metropolitan City 15 Gwangju: KR₩ 52 trillion US$ 42 billion Metropolitan City 16 Jeju Province: KR₩ 26 trillion US$ 21 billion Province 17 Sejong: KR₩ 17 trillion US$ 14 billion Special City – South Korea: KR₩ 2,404 ...
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. #
A highly developed country, 2025, South Korea's economy is ranked 12th largest in the world by nominal GDP and PPP-adjusted GDP is ranked 14th largest in the world. it is the world's eleventh-largest exporter and seventh-largest importer. South Korea performs well in metrics of education, human development, democratic governance, and innovation.
The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2025. [3]
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 ...