Press "Enter" to skip to content

What does the US import from Korea?

What does the US import from Korea?

U.S. imports from Korea account for 3.3% of overall U.S. imports in 2020. The top import categories (2-digit HS) in 2020 were: vehicles ($21 billion), machinery ($17 billion), electrical machinery ($15 billion), plastics ($2.8 billion), and mineral fuels ($2.4 billion).

What is Korea’s main export?

Trade. South Korea’s main exports include electronic products, machinery, motor vehicles (particularly automobiles), steel, ships, and textiles and clothing. With no petroleum reserves, South Korea must import substantial amounts of crude oil.

What does North Korea export to us?

Exports from North Korea have fallen sharply compared to 2015, from US$2.8 billion worth to only US$1.7 billion. North Korea’s main export products in 2017 were textiles (coats and suits worth US$434 million), coal briquettes (worth US$368 million) and molluscs worth US$138 million.

Does US trade with Korea?

U.S.-Korea Trade Facts Korea, South is currently our 6th largest goods trading partner with $134.0 billion in total (two way) goods trade during 2019. Goods exports totaled $56.5 billion; goods imports totaled $77.5 billion. The U.S. goods trade deficit with Korea, South was $20.9 billion in 2019.

What kind of goods do we export to Korea?

U.S. exports to Korea are up 29.6% from 2011 (pre-FTA). U.S. exports to Korea account for 3.4% of overall U.S. exports in 2018. The top export categories (2-digit HS) in 2018 were: mineral fuels ($9.8 billion), machinery ($7.9 billion), electrical machinery ($5.7 billion), optical and medical instruments ($3.5 billion), and aircraft ($3.3 billion).

How much does South Korea export to the US?

On the other hand, sales were up to the US (17.3 percent), the EU (10.0 percent), the Middle East (7.9 percent), Japan (13.9 percent). Exports in South Korea averaged 14973.03 USD Million from 1966 until 2020, reaching an all time high of 55115.24 USD Million in September of 2017 and a record low of 14.75 USD Million in January of 1966.

What is the US trade surplus with Korea?

The U.S. services trade surplus with Korea was $12.2 billion in 2018. Exports. Korea was the United States’ 7th largest goods export market in 2018. U.S. goods exports to Korea in 2018 were $56.3 billion, up 16.6% ($8.0 billion) from 2017 and up 62.5% from 2008.

Who are the major export partners of South Korea?

Major export partners are China (26 percent of total exports), the United States (13 percent) Hong Kong (6 percent), Vietnam, Japan (5 percent each) and Singapore (3 percent). Others include: India, Taiwan, Mexico, Australia, Saudi Arabia and Philippines. This page provides the latest reported value for – South Korea Exports -…