US trade in goods with South Korea in 2018

The report on US foreign trade in goods with South Korea in 2018: exports, imports, balance, product types and groups, dynamics.
 
 
US trade with South Korea in 2018
US trade with South Korea in 2018
 
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June 1, 2019 - PRLog -- In 2018, US trade with South Korea totaled $133.0 billion, up 9.50% ($11.5 billion) from 2017.

US exports to South Korea in 2018 totaled $56.5 billion, up 17.00% ($8.2 billion) from 2017.

US imports from South Korea in 2018 totaled $76.5 billion, up 4.55% ($3.3 billion) from 2017.

US trade deficit with South Korea in 2018 was $20.0 billion, a 19.59% decrease ($4.9 billion) over 2017.

South Korea was the US 6th largest trading partner in 2018 (just as in 2017), accounting for 3.1066% of US total trade (up from 3.0711% in 2017).

South Korea was the US 7th largest export market in 2018 (just as in 2017), accounting for 3.3933% of US total exports (up from 3.1225% in 2017).

South Korea was the US 6th largest supplier in 2018 (just as in 2017), accounting for 2.9242% of US total imports (down from 3.0381% in 2017).

The major share of US exports to South Korea in 2018 (and in 2017) was accounted for the following product types:
Machinery, equipment and vehicles (HS codes 84-90) - 40.25% of US total exports to South Korea (50.01% in 2017);
Mineral products (HS codes 25-27) - 18.46% of US total exports to South Korea (9.23% in 2017);
Food products and agricultural raw materials (HS codes 01-24) - 15.15% of US total exports to South Korea (14.30% in 2017);
Chemical products (HS codes 28-40) - 15.04% of US total exports to South Korea (15.23% in 2017);
Metals and products from them (HS codes 72-83) - 3.78% of US total exports to South Korea (3.58% in 2017);
Wood and wood products (HS codes 44-49) - 1.49% of US total exports to South Korea (1.62% in 2017);
Textiles, textile products and footwear (HS codes 50-67) - 0.97% of US total exports to South Korea (1.17% in 2017).

The major share of US imports from South Korea in 2018 (and in 2017) was accounted for the following product types:
Machinery, equipment and vehicles (HS codes 84-90) - 66.31% of US total imports from South Korea (69.53% in 2017);
Chemical products (HS codes 28-40) - 13.89% of US total imports from South Korea (10.94% in 2017);
Metals and products from them (HS codes 72-83) - 7.30% of US total imports from South Korea (7.68% in 2017);
Mineral products (HS codes 25-27) - 4.55% of US total imports from South Korea (4.12% in 2017);
Textiles, textile products and footwear (HS codes 50-67) - 1.87% of US total imports from South Korea (1.83% in 2017);
Food products and agricultural raw materials (HS codes 01-24) - 1.18% of US total imports from South Korea (1.20% in 2017).

The full report is available here: http://us-export-import.com/south-korea/us-trade-export-i...

For more information on US international trade, please go to: http://us-export-import.com/
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