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KES

Overview

Trade
Status of ICT trade 
(unit : 100 Million dollar, %)
Divisions 2017 2018
Whole
Industries
ICT Whole
Industries
ICT
Export
(Growth Rate)
5,738
(15.8)
1,976
(21.6)
6,057
(5.5)
2,204
(11.5)
Proportion - 34.4 - 36.4
Import
(Growth Rate)
4,781
(17.7)
1,021
(13.6)
5,349
(11.8)
1,071
(4.9)
Proportion - 21.4 - 20.0
Balance of Trade 957 956 708 1,133

※ Source: Korea International Trade Association

In 2018, ICT export increased 11.5%. at the same time import also increased 4.9%.

Export

Electronics&IT industry export 2018 (220.4 billion dollar) constituted 36.4% of total export.

Year 
(Unit:100 Million,%)
Export
Whole Industries ICT Growth Rate
2000 1,722.7 672.1 29.4
2001 1,504.4 526.7 -21.6
2002 1,624.7 617.8 17.3
2003 1,938.2 759.0 22.9
2004 2,538.4 997.1 31.4
2005 2,844.2 1,082.5 8.6
2006 3,254.6 1,191.1 10.0
2007 3,714.9 1,301.0 9.2
2008 4,220.1 1,311.6 0.8
2009 3,635.3 1,209.5 -7.8
2010 4,663.8 1,539.4 27.3
2011 5,552.1 1,566.2 1.7
2012 5,478.7 1,552.4 -0.9
2013 5,596.3 1,726.8 11.2
2014 5,726.6 1,762.3 2.1
2015 5,267.6 1,728.7 -1.9
2016 4,954.3 1,624.6 -6.0
2017 5,737.7 1,976.2 21.6
2018 6,056.5 2,203.8 11.5
Import

2018 import increased 4.9% over last year.

Year 
(Unit:100 Million,%)
Import
Whole Industries ICT Growth Rate
2000 1,604.8 443.5 36.5
2001 1,411.0 355.4 -19.9
2002 1,521.3 389.8 9.7
2003 1,788.3 461.1 18.3
2004 2,244.6 542.3 17.6
2005 2,612.4 592.7 9.3
2006 3,093.8 646.8 9.1
2007 3,568.5 697.3 7.8
2008 4,352.7 735.2 5.4
2009 3,230.8 620.2 -15.6
2010 4,252.1 756.2 21.9
2011 5,244.1 815.4 7.8
2012 5,195.8 779.5 -4.4
2013 5,155.9 818.0 4.9
2014 5,255.1 881.7 7.8
2015 4,365.0 913.3 3.6
2016 4,061.9 898.1 -1.7
2017 4,780.9 1,020.6 13.6
2018 5,348.8 1,071.0 4.9
Balance of Trade

IT & electronics industry has continuously had trade surplus for the past years, which led to the total surplus of Korea.

Year
(Unit:100 Million,%)
Balance of Trade
Whole Industries ICT
2000 117.9 228.6
2001 93.4 171.3
2002 103.4 227.9
2003 149.9 297.9
2004 293.8 454.8
2005 231.8 489.9
2006 160.8 544.3
2007 146.4 603.7
2008 -132.7 576.4
2009 404.5 589.3
2010 411.7 783.2
2011 308.0 750.8
2012 282.9 772.8
2013 440.5 908.8
2014 471.5 880.7
2015 902.6 815.4
2016 892.3 726.5
2017 956.8 955.6
2018 707.7 1,132.8