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

South Korea trade flows with USA by SITC*) product sections during 2020/12 - 2021/4

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


Share of USA's2020/12
%
2021/1
%
2021/2
%
2021/3
%
2021/4
%
Export3.74.13.73.94.4
Import3.43.23.23.43.5
Trade in Goods3.53.53.43.63.8

USA's foreign trade with South Korea, exports to South Korea and imports from South Korea in April 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.

Trade with South Korea represented in April of 2021, 3.8 per cent share of USA's foreign trade in goods, 4.4% of USA's exports and 3.5% of imports. In April South Korea was USA's sixth largest foreign trade partner. Amounting trade to worth of $14.2 billion was 33.7 per cent bigger than in April of the previous year. In April the trade balance with South Korea was $1.6 billion in deficit for United States of America.

The value of imports from South Korea was 20.6 per cent higher than in April of the previous year, thus amounting to $7.9 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 20.7 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) 6.7 % and Sitc784 (parts and accessories of the motor vehicles of groups 722, 781, 782 and 783) 5.7 % of the imports.

Exports to South Korea grew strongly over the previous year's April. The value of exports was $6.3 billion. 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 14.3 per cent of total exports, Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude) 9.8 % 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) 9.3 % of the exports.

Development during January-April 2021

During January-April, trade in goods with South Korea has grown faster than USA's trade in goods with the rest of the world. During January-April, the value of trade in goods between the two countries rose to $50.6 billion. Growth compared to the corresponding period of the previous year was 16.7 percent. During January-April the value of imports was $28.7 billion. The export value was $21.9 billion. Compared to the corresponding period of the previous year, the value of imports increased by 13.8% and the value of exports by 20.7%. 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 $5.9 billion. In export the largest value had Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), worth being $2.9 billion. From USA's point of view, the trade balance between the countries in January-April remained in deficit. The trade deficit was $6.8 billion. The trade deficit narrowed compared to the corresponding period in 2020. At that time, the deficit was $7.0 billion.


Table: USA's export to South Korea (KR) during 2020/12 - 2021/4

2020 / 122021 / 12021 / 22021 / 32021 / 4
million $%million $%million $%million $%million $%
0. Food and live animals 484.1 10.0 547.1 10.6 691.9 15.1 1,034.3 17.6 970.6 15.4
00. Live animals 1.5 0.0 1.1 0.0 1.5 0.0 2.2 0.0 0.6 0.0
01. Meat and meat preparations 170.10 3.5 207.5 4.0 212.2 4.6 229.10 3.9 238.9 3.8
02. Dairy products and birds' eggs 24.2 0.5 28.7 0.6 31.7 0.7 36.10 0.6 45.5 0.7
03. Fish and fish preparations 8.0 0.2 3.3 0.1 39.1 0.9 80.4 1.4 59.9 1.0
04. Cereals and cereal preparations 73.7 1.5 107.0 2.1 156.6 3.4 361.9 6.1 363.4 5.8
05. Vegetables and fruit 76.8 1.6 76.7 1.5 125.2 2.7 166.1 2.8 108.6 1.7
06. Sugars,sugar preparations and honey 3.10 0.1 4.5 0.1 3.8 0.1 3.3 0.1 5.2 0.1
07. Coffee,tea,cocoa,spices 14.1 0.3 14.4 0.3 13.10 0.3 17.6 0.3 19.4 0.3
08. Feeding stuff for animals 68.7 1.4 62.9 1.2 64.2 1.4 82.0 1.4 77.4 1.2
09. Miscellaneous edible products and preparations 42.5 0.9 41.4 0.8 43.10 1.0 54.2 0.9 52.3 0.8
1. Beverages and tobacco 15.0 0.3 13.5 0.3 13.2 0.3 26.1 0.4 17.3 0.3
11. Beverages 12.10 0.3 9.5 0.2 9.8 0.2 15.7 0.3 15.6 0.2
12. Tobacco and tobacco manufactures 2.1 0.0 4.1 0.1 3.4 0.1 10.4 0.2 1.8 0.0
2. Crude materials,inedible,except fuels 198.7 4.1 249.3 4.8 271.1 5.9 250.4 4.2 211.9 3.4
21. Hides,skins,furskins,raw 5.6 0.1 6.4 0.1 8.2 0.2 10.7 0.2 10.5 0.2
22. Oil seeds,oleaginous fruits 62.8 1.3 65.5 1.3 64.9 1.4 8.4 0.1 23.1 0.4
23. Crude rubber (incl.synthetic) 4.5 0.1 6.7 0.1 4.4 0.1 7.8 0.1 4.9 0.1
24. Cork and wood 10.1 0.2 5.1 0.1 4.9 0.1 10.6 0.2 4.10 0.1
25. Pulp and waste paper 24.8 0.5 21.8 0.4 23.9 0.5 20.2 0.3 21.2 0.3
26. Textile fibres and their wastes 8.1 0.2 10.5 0.2 18.5 0.4 19.2 0.3 23.8 0.4
27. Crude fertilizers and crude minerals 5.8 0.1 4.7 0.1 6.0 0.1 5.9 0.1 5.7 0.1
28. Metalliferous ores and metal scrap 72.5 1.5 120.4 2.3 133.4 2.9 157.9 2.7 111.0 1.8
29. Crude animal,vegetable materials n.e.s. 4.9 0.1 8.5 0.2 7.4 0.2 10.1 0.2 6.10 0.1
3. Mineral fuels etc 906.3 18.7 1,127.1 21.8 709.5 15.5 1,181.8 20.1 1,045.10 16.6
32. Coal,coke and briquettes 3.3 0.1 16.4 0.3 37.1 0.8 9.5 0.2 20.2 0.3
33. Petroleum and products 506.3 10.5 601.3 11.6 486.4 10.6 869.0 14.7 641.4 10.2
34. Gas,natural and manufactured 396.9 8.2 509.5 9.8 186.1 4.1 303.4 5.1 384.5 6.1
4. Animal and vegetable oils and fats 23.3 0.5 59.7 1.2 34.3 0.7 21.5 0.4 48.4 0.8
41. Animal oils and fats 4.3 0.1 1.5 0.0 2.7 0.1 2.5 0.0 1.1 0.0
42. Fixed vegetable fats and oils 17.9 0.4 56.6 1.1 30.3 0.7 18.5 0.3 46.5 0.7
43. Processed animal or vegetable oils,etc. 1.2 0.0 1.7 0.0 1.4 0.0 0.7 0.0 0.9 0.0
5. Chemicals and related products,n.e.s. 708.1 14.6 690.0 13.3 650.3 14.2 694.4 11.8 728.5 11.6
51. Organic chemicals 204.8 4.2 182.3 3.5 175.9 3.8 138.7 2.4 231.3 3.7
52. Inorganic chemicals 52.7 1.1 62.7 1.2 51.7 1.1 85.6 1.5 71.8 1.1
53. Dyeing,tanning and colouring material 31.5 0.6 34.7 0.7 19.9 0.4 34.6 0.6 23.4 0.4
54. Medicinal and pharmaceutical products 108.8 2.2 90.6 1.7 99.5 2.2 107.1 1.8 105.1 1.7
55. Perfume,cleaning etc.preparations 48.2 1.0 43.8 0.8 48.3 1.1 49.10 0.8 49.1 0.8
56. Fertilizers,manufactured 8.8 0.2 16.8 0.3 7.10 0.2 9.2 0.2 0.7 0.0
57. Plastics in primary forms 81.10 1.7 90.10 1.8 74.2 1.6 93.8 1.6 86.5 1.4
58. Plastics in non-primary forms 18.6 0.4 21.3 0.4 24.4 0.5 25.3 0.4 22.2 0.4
59. Chemical materials and products,n.e.s. 153.2 3.2 147.2 2.8 148.9 3.3 150.5 2.6 138.9 2.2
6. Basic manufactures 178.7 3.7 227.1 4.4 187.7 4.1 252.7 4.3 260.7 4.1
61. Leather,dressed fur,etc. 0.5 0.0 0.6 0.0 0.3 0.0 0.5 0.0 0.8 0.0
62. Rubber manufactures,n.e.s. 11.6 0.2 8.1 0.2 12.3 0.3 12.5 0.2 12.9 0.2
63. Wood and cork manufactures 1.9 0.0 1.2 0.0 2.5 0.1 3.1 0.1 2.3 0.0
64. Paper,paperboard and articles thereof 21.2 0.4 20.7 0.4 16.9 0.4 26.8 0.5 31.10 0.5
65. Textile yarn,fabrics,made up articles,etc. 10.10 0.2 10.4 0.2 10.9 0.2 11.10 0.2 10.9 0.2
66. Non-metallic mineral manufactures,n.e.s. 30.4 0.6 28.5 0.5 33.2 0.7 39.6 0.7 37.8 0.6
67. Iron and steel 10.8 0.2 10.8 0.2 8.9 0.2 12.3 0.2 10.6 0.2
68. Non-ferrous metals 52.3 1.1 97.2 1.9 65.1 1.4 97.3 1.6 102.10 1.6
69. Manufactures of metals,n.e.s. 39.5 0.8 50.1 1.0 37.10 0.8 48.10 0.8 50.9 0.8
7. Machinery,transport equipment 1,826.4 37.8 1,802.7 34.8 1,584.10 34.7 1,883.1 32.0 2,535.8 40.3
71. Power generating machinery and equipment 177.0 3.7 61.6 1.2 99.8 2.2 158.10 2.7 108.5 1.7
72. Machinery for specialized industries 603.7 12.5 812.6 15.7 545.5 11.9 694.1 11.8 911.4 14.5
73. Metal working machinery 7.1 0.1 6.5 0.1 7.1 0.2 7.2 0.1 8.8 0.1
74. General industrial machinery n.e.s. 113.1 2.3 107.3 2.1 102.1 2.2 114.5 1.9 120.1 1.9
75. Office machines and adp machines 50.1 1.0 35.4 0.7 32.10 0.7 52.8 0.9 41.6 0.7
76. Telecommunications and sound recording equipment 55.8 1.2 52.7 1.0 48.3 1.1 53.9 0.9 52.9 0.8
77. Electric machinery,n.e.s.and parts 401.1 8.3 482.3 9.3 319.4 7.0 327.1 5.6 408.0 6.5
78. Road vehicles 329.1 6.8 176.1 3.4 356.1 7.8 377.8 6.4 615.10 9.8
79. Other transport equipment 89.9 1.9 68.6 1.3 74.0 1.6 97.1 1.6 268.9 4.3
8. Miscellaneous manufactured articles 439.4 9.1 403.1 7.8 371.0 8.1 477.9 8.1 402.1 6.4
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 2.2 0.0 1.6 0.0 2.4 0.1 2.8 0.0 2.6 0.0
82. Furniture and parts thereof 4.6 0.1 4.1 0.1 5.1 0.1 4.0 0.1 5.1 0.1
83. Travel goods,handbags and sim.containers 1.6 0.0 1.1 0.0 0.7 0.0 1.4 0.0 1.5 0.0
84. Articles of apparel and clothing accessories 6.10 0.1 6.9 0.1 6.3 0.1 8.5 0.1 5.8 0.1
85. Footwear 1.3 0.0 2.5 0.0 1.4 0.0 1.9 0.0 1.6 0.0
87. Instruments and apparates n.e.s. 270.1 5.6 228.8 4.4 216.2 4.7 263.6 4.5 208.10 3.3
88. Photographic equipment,optical goods etc. 33.4 0.7 51.9 1.0 37.8 0.8 54.0 0.9 36.8 0.6
89. Miscellaneous manufactured articles,n.e.s. 119.5 2.5 106.6 2.1 101.4 2.2 142.0 2.4 140.1 2.2
9. Goods not classified elsewhere 57.8 1.2 61.7 1.2 60.3 1.3 70.7 1.2 73.7 1.2
93. Special transactions and commodities not classified 11.3 0.2 11.9 0.2 16.3 0.4 13.9 0.2 14.7 0.2
97. Gold,non-monetary 1.0 0.0 0.4 0.0 1.0 0.0 0.9 0.0 0.9 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 45.3 0.9 49.2 0.9 43.0 0.9 55.9 0.9 58.0 0.9
0-9. All groups combined 4,837.4 100.0 5,181.1 100.0 4,573.8 100.0 5,892.5 100.0 6,294.7 100.0

Source: US Census Bureau

Table: Import from South Korea (KR) to USA during 2020/12 - 2021/4

2020 / 122021 / 12021 / 22021 / 32021 / 4
million $%million $%million $%million $%million $%
0. Food and live animals 94.6 1.3 78.0 1.2 71.9 1.2 103.4 1.3 85.2 1.1
01. Meat and meat preparations 0.6 0.0 0.2 0.0 0.5 0.0 0.6 0.0 0.10 0.0
02. Dairy products and birds' eggs 0.6 0.0 0.4 0.0 0.6 0.0 2.0 0.0 4.2 0.1
03. Fish and fish preparations 15.6 0.2 11.4 0.2 10.8 0.2 21.3 0.3 16.6 0.2
04. Cereals and cereal preparations 16.4 0.2 13.7 0.2 11.5 0.2 16.7 0.2 14.7 0.2
05. Vegetables and fruit 28.2 0.4 21.10 0.3 18.4 0.3 23.7 0.3 20.2 0.3
06. Sugars,sugar preparations and honey 0.4 0.0 0.5 0.0 0.5 0.0 0.6 0.0 0.7 0.0
07. Coffee,tea,cocoa,spices 3.4 0.0 3.4 0.1 2.3 0.0 2.5 0.0 1.5 0.0
09. Miscellaneous edible products and preparations 29.6 0.4 26.4 0.4 27.2 0.4 36.3 0.5 26.5 0.3
1. Beverages and tobacco 22.4 0.3 16.7 0.3 17.7 0.3 25.7 0.3 16.7 0.2
11. Beverages 10.1 0.1 8.4 0.1 8.6 0.1 12.2 0.2 10.4 0.1
12. Tobacco and tobacco manufactures 12.4 0.2 8.4 0.1 9.1 0.1 13.6 0.2 6.3 0.1
2. Crude materials,inedible,except fuels 28.1 0.4 25.3 0.4 27.9 0.4 37.8 0.5 32.9 0.4
23. Crude rubber (incl.synthetic) 8.1 0.1 7.3 0.1 11.8 0.2 15.5 0.2 14.3 0.2
26. Textile fibres and their wastes 12.7 0.2 11.6 0.2 9.10 0.2 14.5 0.2 12.9 0.2
27. Crude fertilizers and crude minerals 1.5 0.0 2.3 0.0 2.2 0.0 2.10 0.0 1.5 0.0
29. Crude animal,vegetable materials n.e.s. 5.4 0.1 4.0 0.1 3.9 0.1 4.5 0.1 4.1 0.1
3. Mineral fuels etc 216.0 2.9 148.7 2.3 197.3 3.2 208.9 2.6 319.9 4.0
33. Petroleum and products 213.9 2.9 147.6 2.3 195.9 3.2 206.4 2.6 318.3 4.0
34. Gas,natural and manufactured 2.1 0.0 1.1 0.0 1.5 0.0 2.5 0.0 1.7 0.0
4. Animal and vegetable oils and fats 0.4 0.0 0.6 0.0 0.5 0.0 0.8 0.0 0.5 0.0
42. Fixed vegetable fats and oils 0.3 0.0 0.5 0.0 0.5 0.0 0.6 0.0 0.4 0.0
5. Chemicals and related products,n.e.s. 607.9 8.3 578.4 8.8 461.3 7.4 654.3 8.2 716.4 9.0
51. Organic chemicals 60.6 0.8 104.3 1.6 49.5 0.8 126.10 1.6 141.6 1.8
52. Inorganic chemicals 8.8 0.1 7.6 0.1 12.1 0.2 18.1 0.2 13.9 0.2
53. Dyeing,tanning and colouring material 11.1 0.2 11.2 0.2 13.1 0.2 17.0 0.2 14.2 0.2
54. Medicinal and pharmaceutical products 228.8 3.1 166.1 2.5 106.6 1.7 90.3 1.1 164.1 2.1
55. Perfume,cleaning etc.preparations 67.8 0.9 57.0 0.9 64.4 1.0 85.1 1.1 73.6 0.9
56. Fertilizers,manufactured 0.1 0.0 0.1 0.0 0 0.0 5.5 0.1 0 0.0
57. Plastics in primary forms 102.7 1.4 92.5 1.4 92.3 1.5 160.7 2.0 171.1 2.2
58. Plastics in non-primary forms 69.0 0.9 75.7 1.2 65.1 1.0 82.4 1.0 85.1 1.1
59. Chemical materials and products,n.e.s. 59.5 0.8 64.1 1.0 58.6 0.9 68.6 0.9 53.0 0.7
6. Basic manufactures 756.6 10.3 687.2 10.5 676.6 10.9 958.4 12.0 815.7 10.3
62. Rubber manufactures,n.e.s. 144.3 2.0 110.9 1.7 104.3 1.7 125.2 1.6 98.6 1.2
63. Wood and cork manufactures 1.0 0.0 0.8 0.0 0.8 0.0 0.8 0.0 0.7 0.0
64. Paper,paperboard and articles thereof 48.3 0.7 36.3 0.6 31.4 0.5 50.2 0.6 45.2 0.6
65. Textile yarn,fabrics,made up articles,etc. 90.1 1.2 80.7 1.2 83.3 1.3 106.8 1.3 85.1 1.1
66. Non-metallic mineral manufactures,n.e.s. 37.9 0.5 37.7 0.6 36.4 0.6 48.3 0.6 39.6 0.5
67. Iron and steel 180.10 2.5 115.2 1.8 176.3 2.8 218.8 2.7 233.0 2.9
68. Non-ferrous metals 95.4 1.3 150.0 2.3 100.1 1.6 238.3 3.0 158.0 2.0
69. Manufactures of metals,n.e.s. 158.5 2.2 155.8 2.4 144.0 2.3 169.9 2.1 155.6 2.0
7. Machinery,transport equipment 4,860.1 66.1 4,326.4 66.0 3,987.8 64.3 5,031.10 62.9 5,166.10 65.1
71. Power generating machinery and equipment 171.8 2.3 186.6 2.8 137.5 2.2 244.4 3.1 173.2 2.2
72. Machinery for specialized industries 269.10 3.7 251.7 3.8 269.2 4.3 377.7 4.7 340.1 4.3
73. Metal working machinery 51.3 0.7 36.5 0.6 25.10 0.4 49.2 0.6 43.8 0.6
74. General industrial machinery n.e.s. 347.7 4.7 311.6 4.8 285.6 4.6 417.9 5.2 372.1 4.7
75. Office machines and adp machines 809.3 11.0 618.9 9.4 477.8 7.7 611.2 7.6 575.9 7.3
76. Telecommunications and sound recording equipment 193.7 2.6 199.4 3.0 213.5 3.4 195.8 2.4 411.3 5.2
77. Electric machinery,n.e.s.and parts 981.2 13.3 863.1 13.2 775.5 12.5 1,091.1 13.6 921.0 11.6
78. Road vehicles 2,017.5 27.4 1,832.2 28.0 1,790.10 28.9 2,020.9 25.3 2,108.6 26.6
79. Other transport equipment 17.10 0.2 26.8 0.4 12.2 0.2 24.2 0.3 221.3 2.8
8. Miscellaneous manufactured articles 638.10 8.7 582.10 8.9 591.3 9.5 825.7 10.3 644.0 8.1
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 13.1 0.2 12.4 0.2 11.4 0.2 11.2 0.1 13.4 0.2
82. Furniture and parts thereof 26.4 0.4 29.3 0.4 28.7 0.5 34.9 0.4 28.2 0.4
83. Travel goods,handbags and sim.containers 6.8 0.1 6.5 0.1 3.7 0.1 4.8 0.1 9.0 0.1
84. Articles of apparel and clothing accessories 14.1 0.2 13.4 0.2 12.3 0.2 19.1 0.2 14.2 0.2
85. Footwear 3.7 0.1 3.1 0.0 2.6 0.0 4.8 0.1 2.10 0.0
87. Instruments and apparates n.e.s. 75.0 1.0 68.3 1.0 73.6 1.2 86.6 1.1 80.6 1.0
88. Photographic equipment,optical goods etc. 14.8 0.2 11.3 0.2 12.10 0.2 14.2 0.2 10.4 0.1
89. Miscellaneous manufactured articles,n.e.s. 485.4 6.6 439.2 6.7 446.3 7.2 650.5 8.1 485.5 6.1
9. Goods not classified elsewhere 125.6 1.7 108.1 1.6 173.4 2.8 156.8 2.0 143.2 1.8
93. Special transactions and commodities not classified 95.2 1.3 81.5 1.2 147.6 2.4 123.5 1.5 112.9 1.4
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 30.2 0.4 25.6 0.4 24.9 0.4 32.7 0.4 30.3 0.4
0-9. All groups combined 7,350.3 100.0 6,551.9 100.0 6,205.2 100.0 8,003.3 100.0 7,941.1 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - April (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - April (ATP)

USA's Trade in Goods Start Page