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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]
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 ...
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.
South Korea's mixed economy [192] [193] [194] is the 12th largest by nominal GDP and the 14th largest GDP by purchasing power parity in the world, [195] identifying it as one of the G20 major economies.
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.
Soon by the mid-1980s, Korea's economic growth was recognized internationally and world criticized its export intensive economy. Unfavorable global conditions hit Korea's export intensive economy. Korean policy makers realized the need to open markets and create more competition and to boost the international competitiveness of domestic industries.
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.