Trade in goods with USA SITC (Standard International Trade Classification)
Suomeksi - in Finnish

South Korea trade flows with USA by SITC*) product sections during 2020/3 - 2020/7

*) Standard International Trade Classification (classification system is maintained by the United Nations)


Share of USA's2020/3
%
2020/4
%
2020/5
%
2020/6
%
2020/7
%
Export3.64.34.23.83.8
Import3.44.03.33.32.9
Trade in Goods3.54.13.63.53.2

USA's foreign trade with South Korea, exports to South Korea and imports from South Korea in Juli 2020


The text of the following analysis is produced by a computer program. The program is a test version and its rule base at this stage is still quite limited.

In Juli 2020 South Korea represented 3.2 per cent of USA's foreign trade in goods, 3.8 % of USA's exports and 2.9 % of imports. In Juli South Korea was USA's sixth largest foreign trade partner. $10.2 billion worth of trade was 9.9 per cent lower than in Juli of the previous year. In Juli the trade balance with South Korea was $1.6 billion in deficit for United States of America.

The value of imports from South Korea decreased by 9.6 per cent compared to in Juli of the previous year, thus amounting to $5.9 billion in Juli 2020. Major product categories of imports from South Korea were Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), representing 23.8 percent of imports, Sitc898 (musical instruments and parts and accessories thereof; records, tapes and other sound or similar recordings (excluding goods of groups 763 and 883)) 6.6 % and Sitc759 (parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines falling withing groups 751 and 752) 6.5 % of the imports.

The value of exports to South Korea declined by 10.3 per cent compared to in Juli of the previous year, thus amounting to $4.3 billion in Juli 2020. The largest product groups of exports were: Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), which represented a share of 13.0 per cent of total exports, Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) 9.5 % and Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars) 8.1 % of the exports.

Development during January-Juli 2020

The trade in goods between January and Juli of 2020 was of lesser value than in the corresponding period of the previous year. The value of the trade was $73.1 billion, down 6.8 %. During January-Juli the value of imports was $42.5 billion. The export value was $30.6 billion. Compared to the corresponding period in 2019, the value of imports decreased by -7.0% and the value of exports by -6.6 %. The largest value in imports was in Sitc781 (motor cars and other motor vehicles principally designed for the transport of persons (other than motor vehicles for the transport of ten or more persons, including the driver), including station-wagons and racing cars), worth $8.6 billion. In export the largest value had Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), worth being $3.3 billion. From USA's point of view, the trade balance between the countries in January-Juli remained in deficit. The trade deficit was $11.9 billion. The trade deficit narrowed compared to the corresponding period in 2019. At that time, the deficit was $12.9 billion.


Table: USA's export to South Korea (KR) during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 755,5 15.6 640,2 15.5 661,4 17.5 526,6 13.2 604,6 14.1
00. Live animals 1,2 0.0 2,2 0.1 1,10 0.1 0,5 0.0 2,1 0.0
01. Meat and meat preparations 219,5 4.5 181,6 4.4 166,3 4.4 141,8 3.6 199,2 4.6
02. Dairy products and birds' eggs 31,3 0.6 25,3 0.6 39,5 1.0 35,8 0.9 31,2 0.7
03. Fish and fish preparations 77,1 1.6 47,9 1.2 15,7 0.4 9,7 0.2 62,10 1.5
04. Cereals and cereal preparations 146,8 3.0 169,1 4.1 193,4 5.1 131,2 3.3 88,7 2.1
05. Vegetables and fruit 129,7 2.7 77,8 1.9 105,8 2.8 90,9 2.3 90,3 2.1
06. Sugars,sugar preparations and honey 4,4 0.1 4,3 0.1 5,4 0.1 3,1 0.1 3,5 0.1
07. Coffee,tea,cocoa,spices 14,5 0.3 12,8 0.3 14,10 0.4 13,0 0.3 16,6 0.4
08. Feeding stuff for animals 73,0 1.5 70,1 1.7 65,4 1.7 54,5 1.4 59,4 1.4
09. Miscellaneous edible products and preparations 58,4 1.2 49,6 1.2 53,3 1.4 46,4 1.2 51,2 1.2
1. Beverages and tobacco 9,4 0.2 16,1 0.4 15,10 0.4 15,8 0.4 14,7 0.3
11. Beverages 8,1 0.2 15,7 0.4 12,7 0.3 12,8 0.3 9,9 0.2
12. Tobacco and tobacco manufactures 1,4 0.0 0,5 0.0 3,3 0.1 3,1 0.1 4,9 0.1
2. Crude materials,inedible,except fuels 248,6 5.1 158,6 3.9 183,5 4.9 169,1 4.2 160,4 3.7
21. Hides,skins,furskins,raw 8,6 0.2 3,5 0.1 2,7 0.1 3,10 0.1 3,7 0.1
22. Oil seeds,oleaginous fruits 18,1 0.4 4,5 0.1 22,5 0.6 24,7 0.6 4,10 0.1
23. Crude rubber (incl.synthetic) 4,7 0.1 6,6 0.2 5,2 0.1 5,3 0.1 4,3 0.1
24. Cork and wood 8,4 0.2 4,5 0.1 3,9 0.1 9,7 0.2 5,3 0.1
25. Pulp and waste paper 23,2 0.5 27,1 0.7 23,4 0.6 19,0 0.5 18,7 0.4
26. Textile fibres and their wastes 21,3 0.4 14,3 0.3 12,9 0.3 13,1 0.3 9,1 0.2
27. Crude fertilizers and crude minerals 5,8 0.1 6,5 0.2 5,7 0.1 5,2 0.1 3,8 0.1
28. Metalliferous ores and metal scrap 148,9 3.1 84,6 2.1 98,10 2.6 76,7 1.9 101,1 2.4
29. Crude animal,vegetable materials n.e.s. 10,2 0.2 7,3 0.2 8,6 0.2 11,8 0.3 9,9 0.2
3. Mineral fuels etc 774,9 16.0 501,9 12.2 395,9 10.5 552,10 13.9 603,1 14.1
32. Coal,coke and briquettes 59,4 1.2 25,6 0.6 32,3 0.9 38,5 1.0 35,4 0.8
33. Petroleum and products 529,4 10.9 279,9 6.8 201,5 5.3 231,3 5.8 449,1 10.5
34. Gas,natural and manufactured 186,2 3.8 196,5 4.8 162,2 4.3 283,3 7.1 118,7 2.8
4. Animal and vegetable oils and fats 37,7 0.8 16,10 0.4 59,8 1.6 17,6 0.4 14,6 0.3
41. Animal oils and fats 8,3 0.2 6,7 0.2 7,1 0.2 1,3 0.0 1,8 0.0
42. Fixed vegetable fats and oils 28,6 0.6 9,6 0.2 51,8 1.4 15,1 0.4 11,10 0.3
43. Processed animal or vegetable oils,etc. 0,8 0.0 0,7 0.0 1,0 0.0 1,2 0.0 0,9 0.0
5. Chemicals and related products,n.e.s. 744,4 15.3 775,3 18.8 636,9 16.9 559,5 14.0 580,3 13.5
51. Organic chemicals 257,6 5.3 264,1 6.4 191,10 5.1 164,2 4.1 181,5 4.2
52. Inorganic chemicals 56,6 1.2 75,10 1.8 47,1 1.2 47,4 1.2 50,9 1.2
53. Dyeing,tanning and colouring material 29,7 0.6 18,7 0.5 17,3 0.5 20,3 0.5 22,9 0.5
54. Medicinal and pharmaceutical products 106,6 2.2 123,7 3.0 86,1 2.3 73,8 1.9 82,9 1.9
55. Perfume,cleaning etc.preparations 42,3 0.9 45,3 1.1 43,6 1.2 39,2 1.0 43,2 1.0
56. Fertilizers,manufactured 13,1 0.3 12,1 0.3 13,1 0.3 9,1 0.2 7,9 0.2
57. Plastics in primary forms 89,5 1.8 101,9 2.5 93,8 2.5 72,9 1.8 59,10 1.4
58. Plastics in non-primary forms 22,6 0.5 18,7 0.5 21,10 0.6 19,3 0.5 18,3 0.4
59. Chemical materials and products,n.e.s. 126,8 2.6 115,1 2.8 122,3 3.2 113,8 2.9 113,2 2.6
6. Basic manufactures 217,10 4.5 212,7 5.2 202,4 5.4 207,3 5.2 168,1 3.9
62. Rubber manufactures,n.e.s. 14,9 0.3 14,4 0.3 12,5 0.3 14,0 0.4 13,3 0.3
63. Wood and cork manufactures 2,6 0.1 1,1 0.0 0,7 0.0 0,10 0.0 1,3 0.0
64. Paper,paperboard and articles thereof 20,6 0.4 24,8 0.6 25,2 0.7 26,5 0.7 19,6 0.5
65. Textile yarn,fabrics,made up articles,etc. 13,2 0.3 13,4 0.3 11,4 0.3 10,7 0.3 9,2 0.2
66. Non-metallic mineral manufactures,n.e.s. 38,2 0.8 29,2 0.7 33,10 0.9 30,6 0.8 26,2 0.6
67. Iron and steel 17,2 0.4 13,2 0.3 13,5 0.4 10,4 0.3 9,6 0.2
68. Non-ferrous metals 61,1 1.3 70,8 1.7 62,5 1.7 75,9 1.9 47,3 1.1
69. Manufactures of metals,n.e.s. 50,1 1.0 45,10 1.1 42,10 1.1 38,4 1.0 41,6 1.0
7. Machinery,transport equipment 1.562,7 32.2 1.416,4 34.4 1.237,9 32.8 1.511,6 38.0 1.701,5 39.7
71. Power generating machinery and equipment 155,10 3.2 95,10 2.3 74,5 2.0 109,7 2.8 104,6 2.4
72. Machinery for specialized industries 476,5 9.8 459,5 11.2 443,2 11.8 590,0 14.8 566,3 13.2
73. Metal working machinery 7,8 0.2 5,7 0.1 5,9 0.2 6,3 0.2 4,7 0.1
74. General industrial machinery n.e.s. 143,2 2.9 100,3 2.4 97,7 2.6 111,5 2.8 101,10 2.4
75. Office machines and adp machines 40,4 0.8 45,3 1.1 37,3 1.0 55,3 1.4 52,9 1.2
76. Telecommunications and sound recording equipment 53,2 1.1 81,1 2.0 32,4 0.9 52,9 1.3 44,4 1.0
77. Electric machinery,n.e.s.and parts 463,4 9.5 385,0 9.3 376,6 10.0 364,1 9.1 376,3 8.8
78. Road vehicles 138,7 2.9 162,4 3.9 87,5 2.3 93,5 2.3 367,4 8.6
79. Other transport equipment 83,10 1.7 81,5 2.0 83,3 2.2 128,8 3.2 83,3 1.9
8. Miscellaneous manufactured articles 441,6 9.1 322,0 7.8 319,6 8.5 360,4 9.0 378,3 8.8
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 2,7 0.1 2,8 0.1 3,1 0.1 3,2 0.1 1,7 0.0
82. Furniture and parts thereof 6,1 0.1 3,9 0.1 3,1 0.1 3,2 0.1 3,3 0.1
83. Travel goods,handbags and sim.containers 1,2 0.0 0,9 0.0 1,6 0.0 0,6 0.0 0,9 0.0
84. Articles of apparel and clothing accessories 9,1 0.2 5,10 0.1 7,2 0.2 6,7 0.2 10,4 0.2
85. Footwear 2,2 0.0 1,2 0.0 1,1 0.0 1,0 0.0 1,3 0.0
87. Instruments and apparates n.e.s. 234,8 4.8 167,8 4.1 188,7 5.0 229,6 5.8 224,6 5.2
88. Photographic equipment,optical goods etc. 54,6 1.1 35,7 0.9 39,7 1.1 24,7 0.6 40,7 0.9
89. Miscellaneous manufactured articles,n.e.s. 131,2 2.7 104,1 2.5 75,4 2.0 91,6 2.3 95,7 2.2
9. Goods not classified elsewhere 63,10 1.3 58,10 1.4 56,8 1.5 61,7 1.5 63,0 1.5
93. Special transactions and commodities not classified 18,4 0.4 19,5 0.5 20,1 0.5 22,5 0.6 21,4 0.5
97. Gold,non-monetary 0,6 0.0 0,3 0.0 0,5 0.0 0,3 0.0 0,6 0.0
99. (USA Sitc) Estimate of non-canadian low value shipments; compiled low value shipments to canada; and various export shipments not identified by kind 45,1 0.9 38,7 0.9 36,1 1.0 38,1 1.0 39,9 0.9
0-9. All groups combined 4.856,2 100.0 4.118,7 100.0 3.769,7 100.0 3.982,1 100.0 4.288,2 100.0

Source: US Census Bureau

Table: Import from South Korea (KR) to USA during 2020/3 - 2020/7

2020 / 32020 / 42020 / 52020 / 62020 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 81,8 1.2 85,9 1.3 72,10 1.3 66,7 1.1 78,1 1.3
01. Meat and meat preparations 0,4 0.0 0,4 0.0 1,1 0.0 0,8 0.0 0,10 0.0
02. Dairy products and birds' eggs 1,5 0.0 2,7 0.0 4,0 0.1 1,2 0.0 1,0 0.0
03. Fish and fish preparations 20,4 0.3 16,0 0.2 8,5 0.2 8,8 0.1 10,3 0.2
04. Cereals and cereal preparations 14,0 0.2 14,10 0.2 14,2 0.3 12,1 0.2 13,5 0.2
05. Vegetables and fruit 21,1 0.3 21,3 0.3 17,4 0.3 15,6 0.3 20,0 0.3
06. Sugars,sugar preparations and honey 0,6 0.0 0,6 0.0 0,5 0.0 0,4 0.0 0,3 0.0
07. Coffee,tea,cocoa,spices 1,4 0.0 1,7 0.0 1,6 0.0 3,4 0.1 2,3 0.0
09. Miscellaneous edible products and preparations 22,5 0.3 28,5 0.4 26,0 0.5 24,7 0.4 29,9 0.5
1. Beverages and tobacco 21,0 0.3 18,8 0.3 16,3 0.3 21,8 0.4 25,3 0.4
11. Beverages 10,6 0.2 11,7 0.2 10,5 0.2 8,4 0.1 9,6 0.2
12. Tobacco and tobacco manufactures 10,5 0.2 7,1 0.1 5,8 0.1 13,5 0.2 15,7 0.3
2. Crude materials,inedible,except fuels 35,9 0.5 38,0 0.6 27,9 0.5 20,9 0.4 25,7 0.4
23. Crude rubber (incl.synthetic) 15,2 0.2 14,3 0.2 13,6 0.2 7,1 0.1 9,7 0.2
26. Textile fibres and their wastes 14,9 0.2 17,2 0.3 10,10 0.2 7,6 0.1 10,3 0.2
27. Crude fertilizers and crude minerals 1,7 0.0 1,4 0.0 0,6 0.0 0,5 0.0 0,10 0.0
28. Metalliferous ores and metal scrap 1,1 0.0 1,4 0.0 0,6 0.0 0,4 0.0 0,7 0.0
29. Crude animal,vegetable materials n.e.s. 3,1 0.0 4,1 0.1 2,4 0.0 5,4 0.1 4,1 0.1
3. Mineral fuels etc 346,8 5.2 128,1 1.9 111,2 2.0 100,7 1.7 119,7 2.0
33. Petroleum and products 345,1 5.2 125,9 1.9 109,7 2.0 99,6 1.7 118,2 2.0
34. Gas,natural and manufactured 1,8 0.0 2,2 0.0 1,6 0.0 1,2 0.0 1,5 0.0
4. Animal and vegetable oils and fats 0,4 0.0 0,6 0.0 0,5 0.0 0,5 0.0 0,7 0.0
42. Fixed vegetable fats and oils 0,3 0.0 0,5 0.0 0,5 0.0 0,4 0.0 0,7 0.0
5. Chemicals and related products,n.e.s. 638,7 9.6 683,2 10.4 574,5 10.5 646,6 11.0 583,4 9.9
51. Organic chemicals 102,0 1.5 131,2 2.0 77,1 1.4 63,8 1.1 61,2 1.0
52. Inorganic chemicals 12,6 0.2 15,9 0.2 12,7 0.2 11,2 0.2 9,3 0.2
53. Dyeing,tanning and colouring material 13,1 0.2 14,9 0.2 12,6 0.2 11,1 0.2 12,6 0.2
54. Medicinal and pharmaceutical products 209,10 3.1 192,9 2.9 174,3 3.2 237,1 4.0 149,4 2.5
55. Perfume,cleaning etc.preparations 52,2 0.8 57,3 0.9 53,8 1.0 65,9 1.1 69,4 1.2
56. Fertilizers,manufactured 0 0.0 0,1 0.0 3,8 0.1 0 0.0 0,1 0.0
57. Plastics in primary forms 117,0 1.8 108,6 1.6 93,9 1.7 78,3 1.3 81,1 1.4
58. Plastics in non-primary forms 84,3 1.3 68,9 1.0 50,4 0.9 54,8 0.9 70,6 1.2
59. Chemical materials and products,n.e.s. 47,9 0.7 93,9 1.4 96,3 1.8 124,7 2.1 130,2 2.2
6. Basic manufactures 750,4 11.2 734,7 11.1 635,8 11.6 580,1 9.9 563,3 9.6
62. Rubber manufactures,n.e.s. 141,0 2.1 149,6 2.3 67,1 1.2 76,3 1.3 102,9 1.8
63. Wood and cork manufactures 0,5 0.0 0,9 0.0 0,6 0.0 0,8 0.0 0,8 0.0
64. Paper,paperboard and articles thereof 59,0 0.9 52,4 0.8 44,4 0.8 32,9 0.6 32,1 0.5
65. Textile yarn,fabrics,made up articles,etc. 82,0 1.2 84,0 1.3 78,5 1.4 72,3 1.2 77,2 1.3
66. Non-metallic mineral manufactures,n.e.s. 35,3 0.5 37,2 0.6 33,2 0.6 30,7 0.5 32,3 0.5
67. Iron and steel 165,2 2.5 154,5 2.3 180,4 3.3 156,1 2.7 121,4 2.1
68. Non-ferrous metals 66,8 1.0 95,10 1.5 105,4 1.9 90,3 1.5 75,6 1.3
69. Manufactures of metals,n.e.s. 200,5 3.0 160,5 2.4 126,0 2.3 120,8 2.1 121,1 2.1
7. Machinery,transport equipment 4.094,4 61.3 4.133,4 62.7 3.309,2 60.3 3.628,0 61.7 3.718,5 63.3
71. Power generating machinery and equipment 215,5 3.2 156,8 2.4 123,3 2.2 105,2 1.8 161,2 2.7
72. Machinery for specialized industries 267,8 4.0 277,2 4.2 273,3 5.0 285,6 4.9 223,4 3.8
73. Metal working machinery 46,5 0.7 51,7 0.8 49,3 0.9 62,5 1.1 41,6 0.7
74. General industrial machinery n.e.s. 405,6 6.1 393,2 6.0 269,0 4.9 251,5 4.3 259,8 4.4
75. Office machines and adp machines 541,6 8.1 602,4 9.1 593,9 10.8 660,8 11.2 422,9 7.2
76. Telecommunications and sound recording equipment 165,3 2.5 164,9 2.5 255,10 4.7 291,4 5.0 306,0 5.2
77. Electric machinery,n.e.s.and parts 787,5 11.8 692,3 10.5 664,9 12.1 732,8 12.5 653,4 11.1
78. Road vehicles 1.625,6 24.4 1.758,5 26.7 1.061,4 19.3 1.214,5 20.6 1.622,9 27.6
79. Other transport equipment 39,4 0.6 36,7 0.6 18,5 0.3 24,2 0.4 27,7 0.5
8. Miscellaneous manufactured articles 589,8 8.8 659,6 10.0 660,0 12.0 628,8 10.7 653,2 11.1
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 9,2 0.1 11,8 0.2 12,6 0.2 10,9 0.2 11,8 0.2
82. Furniture and parts thereof 24,6 0.4 23,4 0.4 13,7 0.2 12,2 0.2 16,2 0.3
83. Travel goods,handbags and sim.containers 6,3 0.1 3,0 0.0 7,0 0.1 7,2 0.1 5,9 0.1
84. Articles of apparel and clothing accessories 14,6 0.2 10,5 0.2 11,2 0.2 16,3 0.3 18,7 0.3
85. Footwear 4,9 0.1 4,1 0.1 2,6 0.0 3,2 0.1 3,8 0.1
87. Instruments and apparates n.e.s. 70,3 1.1 64,9 1.0 51,0 0.9 51,4 0.9 67,2 1.1
88. Photographic equipment,optical goods etc. 17,6 0.3 9,7 0.1 13,6 0.2 9,0 0.2 10,7 0.2
89. Miscellaneous manufactured articles,n.e.s. 442,7 6.6 532,5 8.1 548,5 10.0 518,9 8.8 519,4 8.8
9. Goods not classified elsewhere 115,9 1.7 113,2 1.7 83,2 1.5 188,8 3.2 111,3 1.9
93. Special transactions and commodities not classified 85,6 1.3 80,9 1.2 58,9 1.1 155,1 2.6 81,5 1.4
96. Coin (not gold coin or legal) 0,1 0.0 0,1 0.0 0,1 0.0 0,1 0.0 0,10 0.0
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 30,0 0.4 27,0 0.4 22,1 0.4 22,4 0.4 25,8 0.4
0-9. All groups combined 6.674,5 100.0 6.595,1 100.0 5.491,3 100.0 5.882,6 100.0 5.878,7 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2020 January - Juli (Sitc)

USA's Trade in Goods Start Page