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October 2011 |
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| Korea,
Republic of |
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| BASIC
INDICATORS |
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| Population
(thousands, 2010) |
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48 875 |
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Rank in world trade,
2010 |
Exports |
Imports |
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| GDP (million
current US$, 2010) |
|
1 014 483 |
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Merchandise |
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|
7 |
10 |
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| GDP (million
current PPP US$, 2010) |
|
1 417 549 |
|
excluding intra-EU trade |
5 |
6 |
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| Current
account balance (million US$, 2010) |
28 214 |
|
Commercial services |
|
15 |
12 |
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| Trade per
capita (US$, 2008-2010) |
|
20 110 |
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excluding intra-EU trade |
8 |
7 |
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| Trade to GDP
ratio (2008-2010) |
|
105.8 |
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Annual percentage change |
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2010 |
|
2005-2010 |
2009 |
2010 |
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| Real GDP (2005=100) |
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120 |
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4 |
0 |
6 |
| Exports of
goods and services (volume, 2005=100)
a |
133 |
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7 |
-1 |
... |
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| Imports of
goods and services (volume, 2005=100)
a |
119 |
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4 |
-8 |
... |
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| TRADE POLICY |
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| WTO accession |
1 January 1995 |
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Contribution to WTO budget (%, 2011) |
2.685 |
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| Trade Policy
Review |
8, 10 October 2008 |
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Import duties collected (%,
2007-2009) |
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| GPA
accession |
1 January 1997 |
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in total tax revenue |
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4.0 |
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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 (%) |
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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 2010 |
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Outstanding notifications in WTO Central
Registry |
18 |
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| Simple average
of import duties |
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Goods RTAs - services EIAs notified to WTO |
10 - 7 |
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| All goods |
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16.6 |
12.1 |
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Anti-dumping (30 June 2010) |
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37 |
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| Agricultural
goods (AOA) |
55.9 |
48.5 |
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Countervailing duties (30 June 2010) |
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... |
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| Non-agricultural
goods |
10.2 |
6.6 |
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Safeguards (22 October 2010) |
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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 (%, 2009) |
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Requests for consultation |
15 - 14 |
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| in
agricultural goods (AOA) |
9.3 |
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Original panel / Appellate Body (AB) reports |
10 - 8 |
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| in
non-agricultural goods |
39.1 |
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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) |
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0 - 1 |
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| MERCHANDISE
TRADE |
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Value |
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Annual percentage change |
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2010 |
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2005-2010 |
2009 |
2010 |
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| Merchandise exports, f.o.b. (million US$) |
466 384 |
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10 |
-14 |
28 |
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| Merchandise imports, c.i.f. (million US$) |
425 212 |
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10 |
-26 |
32 |
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2010 b |
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2010 b |
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| Share in world total exports |
3.06 |
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Share in world total imports |
2.76 |
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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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2.0 |
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Agricultural products |
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6.3 |
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| Fuels and
mining products |
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9.1 |
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Fuels and mining products |
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36.9 |
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| Manufactures |
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88.2 |
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Manufactures |
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56.4 |
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| By main destination |
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By main
origin |
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| 1. China |
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23.8 |
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1. China |
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16.8 |
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| 2. European
Union (27) |
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12.8 |
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2. Japan |
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15.3 |
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| 3. United
States |
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10.4 |
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3. European Union (27) |
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10.0 |
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| 4. Japan |
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6.0 |
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4. United States |
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9.0 |
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| 5. Hong Kong,
China |
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5.4 |
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5. Saudi Arabia, Kingdom of |
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6.1 |
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| COMMERCIAL
SERVICES TRADE |
|
Value |
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Annual percentage change |
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2010 |
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2005-2010 |
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2009 |
2010 |
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| Commercial services exports (million US$) |
81 570 |
|
11 |
-19 |
13 |
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| Commercial services imports (million US$) |
92 978 |
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10 |
-17 |
17 |
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2010 |
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2010 |
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| Share in world total exports |
2.21 |
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Share in world total imports |
2.65 |
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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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46.6 |
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Transportation |
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31.0 |
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| Travel |
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12.0 |
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Travel |
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19.0 |
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| Other
commercial services |
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41.4 |
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Other commercial services |
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50.0 |
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| INDUSTRIAL
PROPERTY |
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| Patent grants
by patent office, 2009 |
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Trademark registrations by office, 2009 |
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| Residents |
Non-residents |
Total |
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Direct residents |
Direct non-residents |
Madrid |
Total |
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| 42 129 |
14 603 |
56 732 |
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38 538 |
6 578 |
5 337 |
50 453 |
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| a Refers to 2009 and to the average annual
percentage change for 2005-2009. |
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| b Breakdowns by destination/origin refer to
2009. |
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