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

South Korea trade flows with USA by SITC*) product sections during 2021/7 - 2021/11

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


Share of USA's2021/7
%
2021/8
%
2021/9
%
2021/10
%
2021/11
%
Export4.1 3.6 3.7 3.1 3.5
Import3.4 3.5 3.6 3.1 3.1
Trade in Goods3.6 3.5 3.6 3.1 3.3

USA's foreign trade with South Korea, exports to South Korea and imports from South Korea in November 2021


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 November South Korea was USA's sixth most important foreign trade partner. In November 2021 South Korea represented 3.3 per cent of USA's foreign trade in goods, 3.5 % of USA's exports and 3.1 % of imports. Amounting trade to worth of $13.6 billion was 25.9 per cent bigger than in November of the previous year. In November the trade balance with South Korea was $2.5 billion in deficit for United States of America.

The value of imports from South Korea was 17.2 per cent higher than in November of the previous year, thus amounting to $8.1 billion. 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 16.8 percent of imports, 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) 8.9 % and Sitc898 (musical instruments and parts and accessories thereof; records, tapes and other sound or similar recordings (excluding goods of groups 763 and 883)) 6.7 % of the imports.

The value of exports to South Korea were 41.3 percent higher than in November of the previous year, thus amounting to $5.5 billion. The largest product groups of exports were: Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), which represented a share of 17.4 per cent of total exports, Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.) 9.1 % and Sitc343 (natural gas, whether or not liquefied) 5.8 % of the exports.

Significant increase in trade in goods in early 2021

During January-November, trade in goods with South Korea has grown faster than USA's trade in goods with the rest of the world. During this year trade in goods between countries was significantly higher than in January-November of the previous year. Growth was as high as 27.6 per cent and the value of the trade increased to $146.6 billion. During January-November the value of imports was $86.2 billion. The export value was $60.3 billion. Compared to the corresponding period of the previous year, the value of imports increased by 25.5 % and the value of exports by 30.8 %. The largest product group in terms of imports has been 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 $16.1 billion. In export the largest value had Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), worth being $7.8 billion. From USA's point of view, the trade balance between the countries in January-November remained in deficit. The trade deficit was $25.9 billion. The trade deficit continued to widen compared to the corresponding period in 2020. At that time, the deficit was $22.6 billion.


Table: USA's export to South Korea (KR) during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 667.8 11.3 577.2 10.8 586.0 11.0 537.7 10.5 628.3 11.4
00. Live animals 1.3 0.0 2.6 0.0 1.2 0.0 0.8 0.0 2.3 0.0
01. Meat and meat preparations 259.3 4.4 255.2 4.8 240.9 4.5 249.5 4.9 295.3 5.4
02. Dairy products and birds' eggs 35.7 0.6 42.4 0.8 42.7 0.8 35.3 0.7 29.4 0.5
03. Fish and fish preparations 65.8 1.1 34.2 0.6 37.4 0.7 23.8 0.5 17.6 0.3
04. Cereals and cereal preparations 76.4 1.3 38.9 0.7 56.6 1.1 18.0 0.4 41.8 0.8
05. Vegetables and fruit 88.4 1.5 68.8 1.3 57.8 1.1 75.3 1.5 92.5 1.7
06. Sugars,sugar preparations and honey 3.1 0.1 3.8 0.1 4.8 0.1 4.3 0.1 3.2 0.1
07. Coffee,tea,cocoa,spices 14.6 0.2 15.9 0.3 13.9 0.3 15.9 0.3 17.6 0.3
08. Feeding stuff for animals 66.4 1.1 64.0 1.2 69.5 1.3 64.2 1.3 69.1 1.3
09. Miscellaneous edible products and preparations 56.8 1.0 51.4 1.0 61.1 1.2 50.5 1.0 59.5 1.1
1. Beverages and tobacco 13.3 0.2 9.8 0.2 9.4 0.2 10.5 0.2 15.9 0.3
11. Beverages 12.9 0.2 7.6 0.1 7.4 0.1 9.3 0.2 13.9 0.3
12. Tobacco and tobacco manufactures 0.4 0.0 2.3 0.0 2.1 0.0 1.2 0.0 2.0 0.0
2. Crude materials,inedible,except fuels 236.9 4.0 252.4 4.7 285.9 5.4 247.1 4.8 277.6 5.0
21. Hides,skins,furskins,raw 14.5 0.2 12.7 0.2 11.0 0.2 11.7 0.2 8.1 0.1
22. Oil seeds,oleaginous fruits 3.4 0.1 5.8 0.1 3.6 0.1 34.5 0.7 35.7 0.6
23. Crude rubber (incl.synthetic) 5.0 0.1 5.1 0.1 2.8 0.1 2.5 0.0 4.0 0.1
24. Cork and wood 14.8 0.3 12.3 0.2 6.6 0.1 6.4 0.1 6.0 0.1
25. Pulp and waste paper 23.3 0.4 27.2 0.5 28.2 0.5 25.7 0.5 24.0 0.4
26. Textile fibres and their wastes 13.2 0.2 12.1 0.2 10.3 0.2 8.8 0.2 7.7 0.1
27. Crude fertilizers and crude minerals 5.1 0.1 6.5 0.1 4.9 0.1 4.9 0.1 5.0 0.1
28. Metalliferous ores and metal scrap 148.1 2.5 161.9 3.0 209.3 3.9 145.3 2.8 182.3 3.3
29. Crude animal,vegetable materials n.e.s. 9.3 0.2 8.8 0.2 9.2 0.2 7.3 0.1 4.8 0.1
3. Mineral fuels etc 1,862.0 31.6 1,462.6 27.4 1,392.9 26.2 1,131.1 22.2 1,687.5 30.6
32. Coal,coke and briquettes 27.8 0.5 26.0 0.5 48.8 0.9 14.2 0.3 34.9 0.6
33. Petroleum and products 1,258.1 21.3 825.0 15.4 806.5 15.2 520.0 10.2 1,132.2 20.5
34. Gas,natural and manufactured 576.1 9.8 611.6 11.4 537.6 10.1 597.0 11.7 520.5 9.4
4. Animal and vegetable oils and fats 4.2 0.1 2.9 0.1 3.7 0.1 2.3 0.0 29.0 0.5
41. Animal oils and fats 1.0 0.0 0.8 0.0 0.7 0.0 0.4 0.0 1.2 0.0
42. Fixed vegetable fats and oils 2.5 0.0 1.6 0.0 2.2 0.0 0.9 0.0 26.8 0.5
43. Processed animal or vegetable oils,etc. 0.8 0.0 0.5 0.0 0.8 0.0 0.9 0.0 0.9 0.0
5. Chemicals and related products,n.e.s. 706.6 12.0 774.5 14.5 947.3 17.8 830.6 16.3 732.8 13.3
51. Organic chemicals 207.3 3.5 231.3 4.3 209.5 3.9 216.5 4.2 212.4 3.9
52. Inorganic chemicals 59.7 1.0 64.5 1.2 53.6 1.0 51.9 1.0 59.9 1.1
53. Dyeing,tanning and colouring material 36.4 0.6 23.3 0.4 29.5 0.6 26.9 0.5 27.7 0.5
54. Medicinal and pharmaceutical products 102.9 1.7 180.9 3.4 370.9 7.0 268.8 5.3 152.5 2.8
55. Perfume,cleaning etc.preparations 42.5 0.7 45.3 0.8 41.5 0.8 38.1 0.7 42.1 0.8
56. Fertilizers,manufactured 8.7 0.1 8.4 0.2 9.6 0.2 6.8 0.1 16.1 0.3
57. Plastics in primary forms 93.5 1.6 73.6 1.4 81.5 1.5 76.6 1.5 94.0 1.7
58. Plastics in non-primary forms 20.5 0.3 19.8 0.4 20.3 0.4 21.0 0.4 21.8 0.4
59. Chemical materials and products,n.e.s. 135.2 2.3 127.4 2.4 130.9 2.5 124.0 2.4 106.3 1.9
6. Basic manufactures 201.7 3.4 281.6 5.3 202.6 3.8 224.6 4.4 177.2 3.2
61. Leather,dressed fur,etc. 0.2 0.0 0.3 0.0 0.4 0.0 0.5 0.0 0.5 0.0
62. Rubber manufactures,n.e.s. 11.4 0.2 8.5 0.2 6.8 0.1 9.4 0.2 8.8 0.2
63. Wood and cork manufactures 1.4 0.0 1.7 0.0 1.9 0.0 3.3 0.1 2.4 0.0
64. Paper,paperboard and articles thereof 22.2 0.4 22.6 0.4 14.9 0.3 19.9 0.4 16.7 0.3
65. Textile yarn,fabrics,made up articles,etc. 10.1 0.2 11.2 0.2 10.4 0.2 9.3 0.2 12.6 0.2
66. Non-metallic mineral manufactures,n.e.s. 31.4 0.5 36.3 0.7 37.0 0.7 26.0 0.5 31.5 0.6
67. Iron and steel 13.0 0.2 10.5 0.2 20.8 0.4 14.1 0.3 11.0 0.2
68. Non-ferrous metals 71.8 1.2 141.7 2.6 59.6 1.1 97.8 1.9 55.1 1.0
69. Manufactures of metals,n.e.s. 40.3 0.7 48.8 0.9 50.8 1.0 44.4 0.9 38.6 0.7
7. Machinery,transport equipment 1,703.9 28.9 1,508.4 28.2 1,390.5 26.2 1,623.2 31.8 1,444.3 26.2
71. Power generating machinery and equipment 55.6 0.9 62.9 1.2 88.5 1.7 123.6 2.4 112.3 2.0
72. Machinery for specialized industries 624.5 10.6 417.4 7.8 416.5 7.8 514.7 10.1 510.6 9.3
73. Metal working machinery 7.5 0.1 4.7 0.1 9.9 0.2 6.0 0.1 6.1 0.1
74. General industrial machinery n.e.s. 122.6 2.1 118.5 2.2 121.8 2.3 126.1 2.5 104.3 1.9
75. Office machines and adp machines 42.0 0.7 60.3 1.1 57.5 1.1 62.2 1.2 40.1 0.7
76. Telecommunications and sound recording equipment 51.3 0.9 45.8 0.9 42.2 0.8 51.1 1.0 37.8 0.7
77. Electric machinery,n.e.s.and parts 429.0 7.3 412.3 7.7 350.7 6.6 348.7 6.8 324.6 5.9
78. Road vehicles 290.8 4.9 306.0 5.7 193.5 3.6 270.1 5.3 211.4 3.8
79. Other transport equipment 80.5 1.4 80.5 1.5 109.9 2.1 120.7 2.4 97.0 1.8
8. Miscellaneous manufactured articles 415.0 7.0 409.4 7.7 428.0 8.1 427.7 8.4 446.1 8.1
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 2.7 0.0 3.8 0.1 2.4 0.0 1.4 0.0 1.5 0.0
82. Furniture and parts thereof 3.7 0.1 5.9 0.1 3.8 0.1 4.2 0.1 5.7 0.1
83. Travel goods,handbags and sim.containers 1.6 0.0 0.9 0.0 1.4 0.0 1.6 0.0 1.0 0.0
84. Articles of apparel and clothing accessories 7.5 0.1 7.3 0.1 5.7 0.1 10.0 0.2 8.1 0.1
85. Footwear 0.9 0.0 1.6 0.0 1.1 0.0 2.4 0.0 1.3 0.0
87. Instruments and apparates n.e.s. 210.9 3.6 233.0 4.4 234.7 4.4 217.5 4.3 224.0 4.1
88. Photographic equipment,optical goods etc. 37.4 0.6 28.3 0.5 37.9 0.7 31.2 0.6 29.1 0.5
89. Miscellaneous manufactured articles,n.e.s. 150.3 2.5 128.6 2.4 141.1 2.7 159.3 3.1 175.4 3.2
9. Goods not classified elsewhere 86.0 1.5 68.3 1.3 65.6 1.2 64.8 1.3 72.1 1.3
93. Special transactions and commodities not classified 27.7 0.5 15.9 0.3 14.3 0.3 15.4 0.3 17.8 0.3
97. Gold,non-monetary 1.4 0.0 0.8 0.0 0.9 0.0 0.4 0.0 1.1 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 56.7 1.0 51.2 1.0 50.1 0.9 48.8 1.0 53.0 1.0
0-9. All groups combined 5,897.5 100.0 5,347.0 100.0 5,311.9 100.0 5,099.7 100.0 5,510.8 100.0

Source: US Census Bureau

Table: Import from South Korea (KR) to USA during 2021/7 - 2021/11

2021 / 72021 / 82021 / 92021 / 102021 / 11
million $%million $%million $%million $%million $%
0. Food and live animals 66.8 0.8 84.9 1.0 88.8 1.0 60.5 0.8 83.5 1.0
01. Meat and meat preparations 0.5 0.0 0.6 0.0 0.2 0.0 0.1 0.0 0.9 0.0
02. Dairy products and birds' eggs 0.9 0.0 1.0 0.0 0.8 0.0 0.7 0.0 0.7 0.0
03. Fish and fish preparations 13.8 0.2 16.7 0.2 17.8 0.2 12.5 0.2 16.0 0.2
04. Cereals and cereal preparations 10.8 0.1 15.5 0.2 16.2 0.2 11.7 0.1 16.5 0.2
05. Vegetables and fruit 17.3 0.2 19.0 0.2 26.2 0.3 16.6 0.2 23.1 0.3
06. Sugars,sugar preparations and honey 0.3 0.0 0.3 0.0 0.7 0.0 0.2 0.0 0.4 0.0
07. Coffee,tea,cocoa,spices 2.0 0.0 2.3 0.0 1.2 0.0 1.5 0.0 1.8 0.0
09. Miscellaneous edible products and preparations 21.0 0.3 29.1 0.3 25.3 0.3 16.9 0.2 23.8 0.3
1. Beverages and tobacco 18.9 0.2 19.9 0.2 24.2 0.3 12.8 0.2 20.7 0.3
11. Beverages 10.2 0.1 10.8 0.1 10.7 0.1 7.5 0.1 10.3 0.1
12. Tobacco and tobacco manufactures 8.7 0.1 9.1 0.1 13.5 0.2 5.4 0.1 10.4 0.1
2. Crude materials,inedible,except fuels 43.6 0.5 42.8 0.5 47.1 0.5 44.3 0.6 42.1 0.5
23. Crude rubber (incl.synthetic) 18.9 0.2 17.3 0.2 22.8 0.3 21.1 0.3 20.8 0.3
26. Textile fibres and their wastes 15.9 0.2 17.3 0.2 14.7 0.2 15.6 0.2 12.7 0.2
27. Crude fertilizers and crude minerals 3.0 0.0 2.3 0.0 2.2 0.0 2.8 0.0 2.6 0.0
28. Metalliferous ores and metal scrap 0.3 0.0 0.4 0.0 2.1 0.0 0.9 0.0 0.2 0.0
29. Crude animal,vegetable materials n.e.s. 5.2 0.1 5.3 0.1 5.2 0.1 3.6 0.0 5.3 0.1
3. Mineral fuels etc 267.8 3.4 373.4 4.4 436.5 5.0 439.6 5.6 384.3 4.8
33. Petroleum and products 266.4 3.3 371.6 4.4 434.0 5.0 438.5 5.6 382.5 4.8
34. Gas,natural and manufactured 1.5 0.0 1.8 0.0 2.5 0.0 1.1 0.0 1.8 0.0
4. Animal and vegetable oils and fats 0.5 0.0 0.6 0.0 0.5 0.0 0.3 0.0 0.5 0.0
5. Chemicals and related products,n.e.s. 776.0 9.7 783.1 9.2 889.1 10.2 779.8 9.9 744.4 9.2
51. Organic chemicals 156.6 2.0 98.3 1.2 121.7 1.4 115.7 1.5 112.6 1.4
52. Inorganic chemicals 16.6 0.2 18.1 0.2 39.4 0.5 31.9 0.4 23.5 0.3
53. Dyeing,tanning and colouring material 11.0 0.1 12.8 0.2 14.7 0.2 15.3 0.2 17.2 0.2
54. Medicinal and pharmaceutical products 172.5 2.2 194.1 2.3 256.0 2.9 242.5 3.1 188.2 2.3
55. Perfume,cleaning etc.preparations 73.7 0.9 78.6 0.9 83.3 1.0 71.3 0.9 62.0 0.8
56. Fertilizers,manufactured 0.0 0.0 5.3 0.1 00 00 00
57. Plastics in primary forms 202.5 2.5 244.0 2.9 236.1 2.7 187.6 2.4 197.1 2.4
58. Plastics in non-primary forms 78.1 1.0 79.7 0.9 77.4 0.9 60.4 0.8 73.8 0.9
59. Chemical materials and products,n.e.s. 65.0 0.8 52.3 0.6 60.5 0.7 55.1 0.7 70.0 0.9
6. Basic manufactures 879.7 11.0 868.5 10.2 924.8 10.6 825.8 10.5 883.2 11.0
61. Leather,dressed fur,etc. 0.5 0.0 0.5 0.0 0.3 0.0 0.6 0.0 0.3 0.0
62. Rubber manufactures,n.e.s. 95.7 1.2 106.5 1.3 96.0 1.1 90.1 1.1 106.5 1.3
63. Wood and cork manufactures 0.6 0.0 0.2 0.0 0.4 0.0 0.3 0.0 0.3 0.0
64. Paper,paperboard and articles thereof 39.1 0.5 39.2 0.5 36.1 0.4 36.4 0.5 39.1 0.5
65. Textile yarn,fabrics,made up articles,etc. 85.5 1.1 105.4 1.2 87.4 1.0 80.9 1.0 91.9 1.1
66. Non-metallic mineral manufactures,n.e.s. 35.0 0.4 47.9 0.6 36.6 0.4 36.8 0.5 35.8 0.4
67. Iron and steel 321.2 4.0 211.8 2.5 368.2 4.2 301.6 3.8 333.3 4.1
68. Non-ferrous metals 138.9 1.7 160.5 1.9 138.6 1.6 123.8 1.6 128.6 1.6
69. Manufactures of metals,n.e.s. 163.3 2.0 196.5 2.3 161.1 1.9 155.3 2.0 147.3 1.8
7. Machinery,transport equipment 4,837.4 60.6 5,264.4 61.9 5,062.7 58.1 4,791.8 60.9 4,883.7 60.7
71. Power generating machinery and equipment 208.4 2.6 197.6 2.3 178.3 2.0 178.5 2.3 150.4 1.9
72. Machinery for specialized industries 374.8 4.7 435.8 5.1 317.9 3.7 412.1 5.2 378.8 4.7
73. Metal working machinery 41.1 0.5 55.6 0.7 43.7 0.5 64.8 0.8 45.3 0.6
74. General industrial machinery n.e.s. 317.6 4.0 398.5 4.7 355.2 4.1 347.9 4.4 363.3 4.5
75. Office machines and adp machines 682.9 8.6 735.8 8.7 702.4 8.1 820.7 10.4 761.8 9.5
76. Telecommunications and sound recording equipment 303.3 3.8 247.1 2.9 225.4 2.6 490.3 6.2 440.1 5.5
77. Electric machinery,n.e.s.and parts 970.1 12.2 1,132.8 13.3 1,396.0 16.0 961.7 12.2 1,020.0 12.7
78. Road vehicles 1,908.4 23.9 2,029.6 23.9 1,810.8 20.8 1,488.0 18.9 1,689.3 21.0
79. Other transport equipment 30.8 0.4 31.5 0.4 33.1 0.4 27.9 0.4 34.7 0.4
8. Miscellaneous manufactured articles 899.5 11.3 951.2 11.2 1,126.2 12.9 806.7 10.3 901.5 11.2
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 12.7 0.2 15.8 0.2 18.9 0.2 12.5 0.2 19.4 0.2
82. Furniture and parts thereof 23.2 0.3 27.7 0.3 24.7 0.3 25.4 0.3 25.6 0.3
83. Travel goods,handbags and sim.containers 8.3 0.1 8.4 0.1 9.6 0.1 9.7 0.1 9.5 0.1
84. Articles of apparel and clothing accessories 19.5 0.2 25.6 0.3 26.3 0.3 27.5 0.3 24.2 0.3
85. Footwear 5.9 0.1 9.4 0.1 8.2 0.1 6.8 0.1 5.4 0.1
87. Instruments and apparates n.e.s. 79.6 1.0 86.9 1.0 91.1 1.0 99.9 1.3 90.1 1.1
88. Photographic equipment,optical goods etc. 13.4 0.2 12.7 0.1 12.1 0.1 12.9 0.2 13.8 0.2
89. Miscellaneous manufactured articles,n.e.s. 736.9 9.2 764.7 9.0 935.5 10.7 612.0 7.8 713.4 8.9
9. Goods not classified elsewhere 193.5 2.4 112.4 1.3 107.1 1.2 107.5 1.4 107.4 1.3
93. Special transactions and commodities not classified 162.6 2.0 81.4 1.0 79.2 0.9 80.3 1.0 77.7 1.0
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 30.2 0.4 30.4 0.4 26.5 0.3 26.3 0.3 28.4 0.4
0-9. All groups combined 7,983.8 100.0 8,501.0 100.0 8,707.1 100.0 7,869.3 100.0 8,051.2 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - November (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - November (ATP)

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