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October 2009 |
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| Korea, Republic of |
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| BASIC
INDICATORS |
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| Population
(thousands, 2008) |
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48
607 |
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Rank in world trade,
2008 |
Exports |
Imports |
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| GDP (million
current US$, 2008) |
|
929 121 |
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Merchandise |
|
|
12 |
10 |
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|
| GDP (million
current PPP US$, 2008) |
|
1 358 037 |
|
excluding intra-EU trade |
7 |
5 |
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| Current
account balance (million US$, 2008) |
- 6 349 |
|
Commercial services |
|
16 |
10 |
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| Trade per
capita (US$, 2006-2008) |
|
18 249 |
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excluding intra-EU trade |
9 |
5 |
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| Trade to GDP
ratio (2006-2008) |
|
90.5 |
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Annual percentage change |
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2008
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2000-2008 |
2007 |
2008 |
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| Real GDP (2000=100) |
|
141 |
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4 |
5 |
2 |
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| Exports of
goods and services (volume, 2000=100) |
212 |
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10 |
13 |
6 |
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| Imports of
goods and services (volume, 2000=100) |
187 |
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8 |
12 |
4 |
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| TRADE POLICY |
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Contribution to WTO budget (%, 2009) |
2.589 |
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| WTO accession
date |
1 January 1995 |
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Import duties collected (%,
2005-2007) |
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| Trade Policy
Review date |
8, 10 October 2008 |
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in total tax revenue |
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4.8 |
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| Tariffs and
duty free imports |
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to total imports |
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1.9 |
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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 2008 |
|
Outstanding notifications in WTO Central
Registry |
20 |
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| Simple average
of import duties |
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Goods RTAs - services EIAs notified to WTO |
6 - 3 |
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| All goods |
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17.0 |
12.2 |
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Anti-dumping (30 June 2008) |
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31 |
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| Agricultural
goods (AOA) |
59.3 |
49.0 |
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Countervailing duties (30 June 2008) |
... |
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| Non-agricultural
goods |
10.2 |
6.6 |
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Safeguards (28 October 2008) |
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0 |
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| Non ad-valorem duties (% total tariff lines) |
0.5 |
0.6 |
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Number of disputes
(complainant - defendant) |
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| MFN duty free
imports (%, 2006) |
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Requests for consultation |
13 - 13 |
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| in
agricultural goods (AOA) |
1.5 |
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Original panel / Appellate Body (AB) reports |
9 - 8 |
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| in
non-agricultural goods |
27.8 |
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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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2008
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|
2000-2008 |
2007 |
2008 |
| Merchandise exports, f.o.b. (million US$) |
422 007 |
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12 |
14 |
14 |
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| Merchandise imports, c.i.f. (million US$) |
435 275 |
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13 |
15 |
22 |
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2008 a |
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2008 a |
| Share in world total
exports |
2.63 |
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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 main commodity group (ITS) |
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By main
commodity group (ITS) |
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| Agricultural
products |
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1.8 |
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Agricultural products |
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6.1 |
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| Fuels and
mining products |
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11.3 |
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Fuels and mining products |
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40.3 |
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| Manufactures |
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86.5 |
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Manufactures |
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53.3 |
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| By main destination |
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By main
origin |
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| 1. China |
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22.1 |
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1. China |
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17.7 |
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| 2. European
Union (27) |
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15.1 |
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2. Japan |
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15.8 |
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| 3. United
States |
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12.4 |
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3. United States |
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10.5 |
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| 4. Japan |
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7.1 |
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4. European Union (27) |
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10.3 |
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| 5. Hong Kong,
China |
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5.0 |
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5. Saudi Arabia |
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5.9 |
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| COMMERCIAL SERVICES TRADE |
|
Value |
|
Annual percentage change |
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2008
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|
2000-2008 |
|
2007 |
2008 |
| Commercial services exports (million US$) |
74
107 |
|
12 |
28 |
20 |
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| Commercial services imports (million US$) |
91
768 |
|
14 |
21 |
12 |
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2008
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2008 |
| Share in world total exports |
1.96
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Share in world total imports |
2.63 |
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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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58.8
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Transportation |
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40.5 |
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| Travel |
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12.2
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Travel |
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18.7 |
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| Other
commercial services |
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29.0
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Other commercial services |
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40.9 |
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| INDUSTRIAL PROPERTY |
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| Patent grants
by patent office, 2007 |
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Trademark registrations by office, 2007 |
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| Residents |
Non-residents |
Total |
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Direct residents |
Direct
non-residents |
Madrid |
Total |
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| 91 645 |
32 060 |
123 705 |
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48 266 |
12 095 |
2 809 |
63
170 |
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| a Breakdowns by destination/origin refer to
2007. |
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