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April 2013 |
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| Korea,
Republic of |
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| BASIC INDICATORS |
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| Population
(thousands, 2011) |
|
49 779 |
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Rank in world trade,
2011 |
Exports |
Imports |
|
|
| GDP (million
current US$, 2011) |
|
1 116 247 |
|
Merchandise |
|
|
7 |
9 |
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|
| GDP (million
current PPP US$, 2011) |
|
1 507 614 |
|
excluding intra-EU trade |
5 |
5 |
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|
| Current account
balance (million US$, 2011) |
26 505 |
|
Commercial services |
|
15 |
13 |
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| Trade per
capita (US$, 2009-2011) |
|
21 287 |
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excluding intra-EU trade |
9 |
8 |
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| Trade to GDP
ratio (2009-2011) |
|
106.5 |
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Annual percentage change |
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2011 |
|
2005-2011 |
2010 |
2011 |
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| Real GDP (2005=100) |
|
125 |
|
4 |
6 |
4 |
| Exports of
goods and services (volume, 2005=100) |
166 |
|
9 |
15 |
10 |
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| Imports of
goods and services (volume, 2005=100) |
149 |
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7 |
17 |
6 |
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| TRADE POLICY |
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| WTO accession |
1 January 1995 |
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Contribution to WTO budget (%, 2013) |
2.765 |
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| Trade Policy
Review |
19, 21 September 2012 |
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Import duties collected (%,
2009-2011) |
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| GPA
accession |
1 January 1997 |
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in total tax revenue |
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4.5 |
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| Tariffs and
duty free imports |
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to total imports |
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1.7 |
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| Tariff binding
coverage (%) |
|
94.6 |
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Number of notifications to WTO and measures in
force |
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| MFN tariffs |
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Final bound |
Applied 2011 |
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Outstanding notifications in WTO Central
Registry |
13 |
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| Simple average
of import duties |
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Goods RTAs - services EIAs notified to WTO |
11 - 8 |
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| All goods |
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16.6 |
12.1 |
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Anti-dumping (30 June 2012) |
|
30 |
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| Agricultural
goods (AOA) |
56.1 |
48.6 |
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Countervailing duties (30 June 2012) |
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... |
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| Non-agricultural
goods |
10.2 |
6.6 |
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Safeguards (6 November 2012) |
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0 |
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| Non ad-valorem duties (% total tariff lines) |
0.7 |
0.4 |
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Number of disputes
(complainant - defendant) |
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| MFN duty free
imports (%, 2010) |
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Requests for consultation |
15 - 14 |
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| in agricultural
goods (AOA) |
7.1 |
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Original panel / Appellate Body (AB) reports |
10 - 8 |
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| in
non-agricultural goods |
39.3 |
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Compliance panel / AB reports (Article 21.5 DSU) |
0 - 1 |
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| Services
sectors with GATS commitments |
98 |
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Arbitration awards (Article
22.6 DSU) |
|
0 - 1 |
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| MERCHANDISE
TRADE |
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Value |
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Annual percentage change |
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2011 |
|
2005-2011 |
2010 |
2011 |
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| Merchandise exports, f.o.b. (million US$) |
555 214 |
|
12 |
28 |
19 |
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| Merchandise imports, c.i.f. (million US$) |
524 413 |
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12 |
32 |
23 |
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2011 |
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2011 |
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| Share in world total exports |
3.04 |
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Share in world total imports |
2.84 |
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| Breakdown in
economy's total exports |
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Breakdown in economy's total imports |
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| By main commodity group (ITS) |
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By main
commodity group (ITS) |
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| Agricultural
products |
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2.3 |
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Agricultural products |
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6.6 |
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| Fuels and
mining products |
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11.8 |
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Fuels and mining products |
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42.0 |
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| Manufactures |
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85.3 |
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Manufactures |
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51.0 |
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| By main destination |
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By main
origin |
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| 1. China |
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24.2 |
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1. China |
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16.5 |
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| 2. United
States |
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10.2 |
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2. Japan |
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13.0 |
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| 3. European
Union (27) |
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10.1 |
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3. European Union (27) |
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9.0 |
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| 4. Japan |
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7.1 |
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4. United States |
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8.5 |
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| 5. Hong Kong,
China |
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5.6 |
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5. Saudi Arabia, Kingdom of |
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7.1 |
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| COMMERCIAL
SERVICES TRADE |
|
Value |
|
Annual percentage change |
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|
2011 |
|
2005-2011 |
|
2010 |
2011 |
|
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| Commercial services exports (million US$) |
93 804 |
|
12 |
19 |
9 |
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| Commercial services imports (million US$) |
98 238 |
|
9 |
19 |
3 |
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2011 |
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2011 |
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| Share in world total exports |
2.19 |
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Share in world total imports |
2.44 |
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| Breakdown in
economy's total exports |
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Breakdown in economy's total imports |
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| By principal services item |
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By
principal services item |
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| Transportation |
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39.5 |
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Transportation |
|
28.3 |
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| Travel |
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13.1 |
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Travel |
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19.8 |
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| Other
commercial services |
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47.4 |
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Other commercial services |
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51.9 |
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| INDUSTRIAL
PROPERTY |
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| Patent grants
by patent office, 2011 |
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Trademark registrations by office, 2011 |
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| Residents |
Non-residents |
Total |
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Direct residents |
Direct non-residents |
Madrid |
Total |
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| 72 258 |
22 462 |
94 720 |
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55 571 |
15 684 |
5 216 |
76 471 |
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