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The economy of South Korea is a highly developed mixed economy. [ 20][ 21][ 22] By nominal GDP, the economy was worth ₩2.24 quadrillion (US$1.72 trillion). It has the 4th largest economy in Asia and the 14th largest in the world as of 2024. [ 3]
The following is a list of the exports of South Korea. Data is for 2012, in millions of United States dollars, as reported by The Observatory of Economic Complexity. Currently the top twenty exports are listed. #
Trade policy of South Korea. This article is intended to give an overview of the trade policy of South Korea. In 1945 Korea was liberated from the Empire of Japan at the end of World War II. A destructive drought in 1958 forced Korea to import large amounts of food grains. In 1950, the Korean War (a war between the Republic of Korea and the ...
In South Korea, the steel industry's GDP is 1.5 percent of all industries, and 4.9 percent of the manufacturing industry. In 2016, steel exports were $27.7 billion and imports were $19.4 billion. [4] As of 2021, POSCO was the world's seventh largest producer of steel. Hyundai Steel was the world's 18th largest producer of steel.
South Korea is the EU's tenth largest trade partner, and the EU has become South Korea's fourth largest export destination. EU trade with South Korea exceeded €90 billion in 2015 and has enjoyed an annual average growth rate of 9.8% between 2003 and 2013. [173]
This is a list of countries by net goods exports.The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.The following table shows the value of total annual merchandise exports and imports, expressed in millions of United States dollars (current prices), and the resulting trade balance, according to United Nations Conference on Trade ...
The automotive industry in South Korea is the fifth-largest in the world as measured by automobile unit production and also the sixth-largest by automobile export volume. While its initial operations were merely the assembling of parts imported from foreign companies, South Korea is today among the most advanced automobile-producing countries ...
1 September 2006. South Korea's first FTA with a regional block. 4. ASEAN. ( Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) 23 February 2005. 24 August 2006 (goods) 1 June 2007 (goods) agreements on goods, service and investment signed gradually from 2006 to 2009;