WTO Trade Profiles 2012 - World Trade Organization

96
Korea, Republic of
BASIC INDICATORS
Population (thousands, 2011) 49 779 Rank in world trade, 2011 Exports Imports
GDP (million current US$, 2011) 1 116 247 Merchandise 7 9
GDP (million current PPP US$, 2011) 1 503 604 excluding intra-EU trade 5 5
Current account balance (million US$, 2011) 26 505 Commercial services 15 13
Trade per capita (US$, 2009-2011) 21 575 excluding intra-EU trade 9 8
Trade to GDP ratio (2009-2011) 108.0
2011 2005-2011
Annual percentage change
2010 2011
Real GDP (2005=100) 125
4 6 4
Exports of goods and services (volume, 2005=100) a 151
9 15 ...
Imports of goods and services (volume, 2005=100) a
TRADE POLICY
140
7 17 ...
WTO accession 1 January 1995 Contribution to WTO budget (%, 2012) 2.727
Trade Policy Review 19, 21 September 2012 Import duties collected (%, 2008-2010)
GPA accession 1 January 1997 in total tax revenue 4.4
Tariffs and duty free imports to total imports 1.7
Tariff binding coverage (%) 94.6 Number of notifications to WTO and measures in force
MFN tariffs Final bound Applied 2011 Outstanding notifications in WTO Central Registry
14
Simple average of import duties Goods RTAs - services EIAs notified to WTO 11 - 8
All goods 16.6 12.1 Anti-dumping (30 June 2011) 33
Agricultural goods (AOA) 56.1 48.6 Countervailing duties (30 June 2011) ...
Non-agricultural goods 10.2 6.6 Safeguards (26 October 2011) 0
Non ad-valorem duties (% total tariff lines) 0.7 0.4 Number of disputes (complainant - defendant)
MFN duty free imports (%, 2010)
Requests for consultation
15 - 14
in agricultural goods (AOA)
7.1 Original panel / Appellate Body (AB) reports 10 - 8
in non-agricultural goods
39.3 Compliance panel / AB reports (Article 21.5 DSU) 0 - 1
Services sectors with GATS commitments 98 Arbitration awards (Article 22.6 DSU) 0 - 1
MERCHANDISE TRADE
Value
Annual percentage change
2011 2005-2011 2010 2011
Merchandise exports , f.o.b. (million US$) 555 214
12 28 19
Merchandise imports , c.i.f. (million US$) 524 413
12 32 23
2011
2011
Share in world total exports 3.04 Share in world total imports
2.84
Breakdown in economy's total exports
Breakdown in economy's total imports
By main commodity group (ITS) By main commodity group (ITS)
Agricultural products 2.3 Agricultural products 6.6
Fuels and mining products 11.8 Fuels and mining products 42.0
Manufactures 85.3 Manufactures 51.0
By main destination By main origin
1. China 24.2 1. China 16.5
2. United States 10.2 2. Japan 13.0
3. European Union (27) 10.1 3. European Union (27) 9.0
4. Japan 7.1 4. United States 8.5
5. Hong Kong, China 5.6 5. Saudi Arabia, Kingdom of 7.1
COMMERCIAL SERVICES TRADE
Value
Annual percentage change
2011 2005-2011 2010
2011
Commercial services exports (million US$) 93 804
12 19 9
Commercial services imports (million US$) 98 238
9 19 3
2011
2011
Share in world total exports 2.25 Share in world total imports
2.49
Breakdown in economy's total exports
Breakdown in economy's total imports
By principal services item
By principal services item
Transportation 39.5 Transportation
28.3
Travel 13.1 Travel
19.8
Other commercial services 47.4 Other commercial services
51.9
INDUSTRIAL PROPERTY
Patent grants by patent office, 2010 Trademark registrations by office, 2010
Residents Non-residents Total
Direct residents Direct non-residents Madrid Total
51 404 17 439 68 843 41 712 11 424 3 505 56 641
Download the data:
www.wto.org/statistics
Korea, Republic of
a Refers to 2010 and to the average annual percentage change for 2005-2010.
September 2012
World Trade Organization
Trade Profiles 2012