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

South Korea trade flows with USA by SITC*) product sections during 2021/3 - 2021/7

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


Share of USA's2021/3
%
2021/4
%
2021/5
%
2021/6
%
2021/7
%
Export3.94.43.93.84.1
Import3.43.53.43.53.4
Trade in Goods3.63.83.63.63.6

USA's foreign trade with South Korea, exports to South Korea and imports from South Korea in Juli 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 Juli South Korea was USA's sixth most important foreign trade partner. In Juli 2021 South Korea represented 3.6 per cent of USA's foreign trade in goods, 4.1 % of USA's exports and 3.4 % of imports. Amounting trade to worth of $13.9 billion was 35.5 per cent bigger than in Juli of the previous year. In Juli the trade balance with South Korea was $2.1 billion in deficit for United States of America.

The value of imports from South Korea was 35.9 per cent higher than in Juli of the previous year, thus amounting to $8.0 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 18.9 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) 7.7 % and Sitc898 (musical instruments and parts and accessories thereof; records, tapes and other sound or similar recordings (excluding goods of groups 763 and 883)) 7.0 % of the imports.

The value of exports to South Korea were 35.0 percent higher than in Juli of the previous year, thus amounting to $5.9 billion. The largest product groups of exports were: Sitc333 (petroleum oils and oils obtained from bituminous minerals, crude), which represented a share of 18.4 per cent of total exports, Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.) 10.3 % and Sitc343 (natural gas, whether or not liquefied) 4.9 % of the exports.

Significant increase in trade in goods in early 2021

During January-Juli, 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-Juli of the previous year. Growth was as high as 26.5798571525777 per cent and the value of the trade increased to $92.2 billion. During January-Juli the value of imports was $53.1 billion. The export value was $39.1 billion. Compared to the corresponding period of the previous year, the value of imports increased by 25.1% and the value of exports by 28.7%. 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 $10.6 billion. In export the largest value had Sitc728 (other machinery and equipment specialized for particular industries; parts thereof, n.e.s.), worth being $4.9 billion. From USA's point of view, the trade balance between the countries in January-Juli remained in deficit. The trade deficit was $14.0 billion. The trade deficit continued to widen compared to the corresponding period in 2020. At that time, the deficit was $12.1 billion.


Table: USA's export to South Korea (KR) during 2021/3 - 2021/7

2021 / 32021 / 42021 / 52021 / 62021 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 1,034.3 17.6 970.6 15.4 838.2 15.0 562.4 9.9 667.9 11.3
00. Live animals 2.2 0.0 0.6 0.0 0.6 0.0 1.7 0.0 1.3 0.0
01. Meat and meat preparations 229.10 3.9 238.9 3.8 288.3 5.2 224.1 4.0 259.4 4.4
02. Dairy products and birds' eggs 36.10 0.6 45.5 0.7 41.3 0.7 30.4 0.5 35.7 0.6
03. Fish and fish preparations 80.4 1.4 59.9 1.0 15.7 0.3 4.4 0.1 65.9 1.1
04. Cereals and cereal preparations 361.9 6.1 363.4 5.8 229.9 4.1 88.8 1.6 76.5 1.3
05. Vegetables and fruit 166.1 2.8 108.6 1.7 97.6 1.7 92.4 1.6 88.4 1.5
06. Sugars,sugar preparations and honey 3.3 0.1 5.2 0.1 4.2 0.1 4.7 0.1 3.1 0.1
07. Coffee,tea,cocoa,spices 17.6 0.3 19.4 0.3 20.7 0.4 12.5 0.2 14.7 0.2
08. Feeding stuff for animals 82.0 1.4 77.4 1.2 73.9 1.3 56.2 1.0 66.4 1.1
09. Miscellaneous edible products and preparations 54.2 0.9 52.3 0.8 66.3 1.2 47.5 0.8 56.8 1.0
1. Beverages and tobacco 26.1 0.4 17.3 0.3 15.3 0.3 12.9 0.2 13.4 0.2
11. Beverages 15.7 0.3 15.6 0.2 13.7 0.2 11.8 0.2 12.10 0.2
12. Tobacco and tobacco manufactures 10.4 0.2 1.8 0.0 1.7 0.0 1.1 0.0 0.4 0.0
2. Crude materials,inedible,except fuels 250.4 4.2 211.9 3.4 269.9 4.8 177.4 3.1 236.9 4.0
21. Hides,skins,furskins,raw 10.7 0.2 10.5 0.2 16.3 0.3 9.3 0.2 14.6 0.2
22. Oil seeds,oleaginous fruits 8.4 0.1 23.1 0.4 24.6 0.4 5.5 0.1 3.5 0.1
23. Crude rubber (incl.synthetic) 7.8 0.1 4.9 0.1 6.0 0.1 5.9 0.1 5.1 0.1
24. Cork and wood 10.6 0.2 4.10 0.1 14.10 0.3 9.2 0.2 14.8 0.3
25. Pulp and waste paper 20.2 0.3 21.2 0.3 28.7 0.5 24.1 0.4 23.4 0.4
26. Textile fibres and their wastes 19.2 0.3 23.8 0.4 27.7 0.5 20.5 0.4 13.2 0.2
27. Crude fertilizers and crude minerals 5.9 0.1 5.7 0.1 6.6 0.1 6.4 0.1 5.2 0.1
28. Metalliferous ores and metal scrap 157.9 2.7 111.0 1.8 138.3 2.5 85.10 1.5 148.2 2.5
29. Crude animal,vegetable materials n.e.s. 10.1 0.2 6.10 0.1 7.1 0.1 10.9 0.2 9.3 0.2
3. Mineral fuels etc 1,181.8 20.1 1,045.10 16.6 1,101.1 19.7 1,819.0 32.2 1,862.1 31.6
32. Coal,coke and briquettes 9.5 0.2 20.2 0.3 20.3 0.4 12.8 0.2 27.9 0.5
33. Petroleum and products 869.0 14.7 641.4 10.2 611.2 11.0 1,057.0 18.7 1,258.1 21.3
34. Gas,natural and manufactured 303.4 5.1 384.5 6.1 469.8 8.4 749.3 13.2 576.2 9.8
4. Animal and vegetable oils and fats 21.5 0.4 48.4 0.8 4.9 0.1 22.7 0.4 4.2 0.1
41. Animal oils and fats 2.5 0.0 1.1 0.0 0.5 0.0 0.4 0.0 1.0 0.0
42. Fixed vegetable fats and oils 18.5 0.3 46.5 0.7 3.1 0.1 21.7 0.4 2.5 0.0
43. Processed animal or vegetable oils,etc. 0.7 0.0 0.9 0.0 1.4 0.0 0.6 0.0 0.8 0.0
5. Chemicals and related products,n.e.s. 694.4 11.8 728.5 11.6 731.1 13.1 697.2 12.3 706.7 12.0
51. Organic chemicals 138.7 2.4 231.3 3.7 228.8 4.1 218.1 3.9 207.3 3.5
52. Inorganic chemicals 85.6 1.5 71.8 1.1 58.2 1.0 55.6 1.0 59.8 1.0
53. Dyeing,tanning and colouring material 34.6 0.6 23.4 0.4 37.5 0.7 29.8 0.5 36.4 0.6
54. Medicinal and pharmaceutical products 107.1 1.8 105.1 1.7 99.10 1.8 110.5 2.0 102.10 1.7
55. Perfume,cleaning etc.preparations 49.10 0.8 49.1 0.8 54.2 1.0 41.10 0.7 42.5 0.7
56. Fertilizers,manufactured 9.2 0.2 0.7 0.0 13.3 0.2 16.1 0.3 8.7 0.1
57. Plastics in primary forms 93.8 1.6 86.5 1.4 88.8 1.6 70.7 1.2 93.6 1.6
58. Plastics in non-primary forms 25.3 0.4 22.2 0.4 19.4 0.3 19.6 0.3 20.6 0.3
59. Chemical materials and products,n.e.s. 150.5 2.6 138.9 2.2 131.3 2.4 135.3 2.4 135.3 2.3
6. Basic manufactures 252.7 4.3 260.7 4.1 280.10 5.0 201.0 3.6 201.8 3.4
61. Leather,dressed fur,etc. 0.5 0.0 0.8 0.0 0.7 0.0 0.4 0.0 0.3 0.0
62. Rubber manufactures,n.e.s. 12.5 0.2 12.9 0.2 9.1 0.2 12.3 0.2 11.5 0.2
63. Wood and cork manufactures 3.1 0.1 2.3 0.0 2.10 0.1 1.5 0.0 1.4 0.0
64. Paper,paperboard and articles thereof 26.8 0.5 31.10 0.5 29.9 0.5 27.8 0.5 22.2 0.4
65. Textile yarn,fabrics,made up articles,etc. 11.10 0.2 10.9 0.2 13.2 0.2 13.8 0.2 10.2 0.2
66. Non-metallic mineral manufactures,n.e.s. 39.6 0.7 37.8 0.6 41.8 0.7 31.10 0.6 31.4 0.5
67. Iron and steel 12.3 0.2 10.6 0.2 11.8 0.2 8.8 0.2 13.0 0.2
68. Non-ferrous metals 97.3 1.6 102.10 1.6 123.6 2.2 65.9 1.2 71.8 1.2
69. Manufactures of metals,n.e.s. 48.10 0.8 50.9 0.8 48.3 0.9 38.7 0.7 40.3 0.7
7. Machinery,transport equipment 1,883.1 32.0 2,535.8 40.3 1,852.9 33.2 1,679.5 29.7 1,703.9 28.9
71. Power generating machinery and equipment 158.10 2.7 108.5 1.7 54.2 1.0 98.4 1.7 55.7 0.9
72. Machinery for specialized industries 694.1 11.8 911.4 14.5 793.10 14.2 584.2 10.3 624.6 10.6
73. Metal working machinery 7.2 0.1 8.8 0.1 6.3 0.1 9.3 0.2 7.6 0.1
74. General industrial machinery n.e.s. 114.5 1.9 120.1 1.9 120.1 2.2 126.4 2.2 122.7 2.1
75. Office machines and adp machines 52.8 0.9 41.6 0.7 45.8 0.8 39.4 0.7 42.0 0.7
76. Telecommunications and sound recording equipment 53.9 0.9 52.9 0.8 44.1 0.8 52.9 0.9 51.3 0.9
77. Electric machinery,n.e.s.and parts 327.1 5.6 408.0 6.5 418.2 7.5 398.8 7.0 429.0 7.3
78. Road vehicles 377.8 6.4 615.10 9.8 265.4 4.8 257.5 4.6 290.9 4.9
79. Other transport equipment 97.1 1.6 268.9 4.3 105.0 1.9 113.1 2.0 80.5 1.4
8. Miscellaneous manufactured articles 477.9 8.1 402.1 6.4 416.1 7.5 408.9 7.2 415.1 7.0
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 2.8 0.0 2.6 0.0 3.8 0.1 2.7 0.0 2.8 0.0
82. Furniture and parts thereof 4.0 0.1 5.1 0.1 4.6 0.1 3.0 0.1 3.7 0.1
83. Travel goods,handbags and sim.containers 1.4 0.0 1.5 0.0 1.1 0.0 0.10 0.0 1.6 0.0
84. Articles of apparel and clothing accessories 8.5 0.1 5.8 0.1 6.9 0.1 5.5 0.1 7.5 0.1
85. Footwear 1.9 0.0 1.6 0.0 3.2 0.1 0.10 0.0 0.10 0.0
87. Instruments and apparates n.e.s. 263.6 4.5 208.10 3.3 229.1 4.1 236.0 4.2 210.10 3.6
88. Photographic equipment,optical goods etc. 54.0 0.9 36.8 0.6 22.10 0.4 38.6 0.7 37.5 0.6
89. Miscellaneous manufactured articles,n.e.s. 142.0 2.4 140.1 2.2 144.9 2.6 121.4 2.1 150.4 2.5
9. Goods not classified elsewhere 70.7 1.2 73.7 1.2 71.0 1.3 75.5 1.3 86.1 1.5
93. Special transactions and commodities not classified 13.9 0.2 14.7 0.2 17.3 0.3 19.1 0.3 27.8 0.5
97. Gold,non-monetary 0.9 0.0 0.9 0.0 0.9 0.0 0.9 0.0 1.4 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 55.9 0.9 58.0 0.9 52.8 0.9 55.2 1.0 56.8 1.0
0-9. All groups combined 5,892.5 100.0 6,294.7 100.0 5,581.2 100.0 5,656.2 100.0 5,897.5 100.0

Source: US Census Bureau

Table: Import from South Korea (KR) to USA during 2021/3 - 2021/7

2021 / 32021 / 42021 / 52021 / 62021 / 7
million $%million $%million $%million $%million $%
0. Food and live animals 103.4 1.3 85.2 1.1 88.7 1.1 89.3 1.1 66.8 0.8
01. Meat and meat preparations 0.6 0.0 0.10 0.0 1.0 0.0 0.9 0.0 0.6 0.0
02. Dairy products and birds' eggs 2.0 0.0 4.2 0.1 4.0 0.0 1.9 0.0 0.10 0.0
03. Fish and fish preparations 21.3 0.3 16.6 0.2 16.8 0.2 16.6 0.2 13.8 0.2
04. Cereals and cereal preparations 16.7 0.2 14.7 0.2 15.3 0.2 16.9 0.2 10.9 0.1
05. Vegetables and fruit 23.7 0.3 20.2 0.3 20.4 0.3 19.8 0.2 17.3 0.2
06. Sugars,sugar preparations and honey 0.6 0.0 0.7 0.0 0.4 0.0 0.7 0.0 0.4 0.0
07. Coffee,tea,cocoa,spices 2.5 0.0 1.5 0.0 2.2 0.0 2.2 0.0 2.1 0.0
09. Miscellaneous edible products and preparations 36.3 0.5 26.5 0.3 28.8 0.4 30.2 0.4 21.0 0.3
1. Beverages and tobacco 25.7 0.3 16.7 0.2 19.9 0.2 22.9 0.3 18.10 0.2
11. Beverages 12.2 0.2 10.4 0.1 10.6 0.1 13.2 0.2 10.2 0.1
12. Tobacco and tobacco manufactures 13.6 0.2 6.3 0.1 9.3 0.1 9.7 0.1 8.8 0.1
2. Crude materials,inedible,except fuels 37.8 0.5 32.9 0.4 36.7 0.5 48.10 0.6 43.7 0.5
23. Crude rubber (incl.synthetic) 15.5 0.2 14.3 0.2 16.2 0.2 20.6 0.2 18.10 0.2
26. Textile fibres and their wastes 14.5 0.2 12.9 0.2 11.7 0.1 19.4 0.2 15.9 0.2
27. Crude fertilizers and crude minerals 2.10 0.0 1.5 0.0 1.9 0.0 2.2 0.0 3.1 0.0
28. Metalliferous ores and metal scrap 0.3 0.0 0.3 0.0 1.0 0.0 0.1 0.0 0.4 0.0
29. Crude animal,vegetable materials n.e.s. 4.5 0.1 4.1 0.1 6.0 0.1 6.9 0.1 5.3 0.1
3. Mineral fuels etc 208.9 2.6 319.9 4.0 463.6 5.8 351.4 4.1 267.9 3.4
33. Petroleum and products 206.4 2.6 318.3 4.0 461.5 5.8 350.0 4.1 266.4 3.3
34. Gas,natural and manufactured 2.5 0.0 1.7 0.0 2.1 0.0 1.5 0.0 1.5 0.0
4. Animal and vegetable oils and fats 0.8 0.0 0.5 0.0 0.6 0.0 0.6 0.0 0.5 0.0
42. Fixed vegetable fats and oils 0.6 0.0 0.4 0.0 0.5 0.0 0.5 0.0 0.4 0.0
5. Chemicals and related products,n.e.s. 654.3 8.2 716.4 9.0 619.6 7.8 894.1 10.6 776.0 9.7
51. Organic chemicals 126.10 1.6 141.6 1.8 124.4 1.6 128.3 1.5 156.7 2.0
52. Inorganic chemicals 18.1 0.2 13.9 0.2 20.3 0.3 15.9 0.2 16.6 0.2
53. Dyeing,tanning and colouring material 17.0 0.2 14.2 0.2 14.1 0.2 14.6 0.2 11.1 0.1
54. Medicinal and pharmaceutical products 90.3 1.1 164.1 2.1 94.6 1.2 249.8 2.9 172.6 2.2
55. Perfume,cleaning etc.preparations 85.1 1.1 73.6 0.9 79.5 1.0 102.4 1.2 73.7 0.9
56. Fertilizers,manufactured 5.5 0.1 0 0.0 5.9 0.1 0.1 0.0 0.1 0.0
57. Plastics in primary forms 160.7 2.0 171.1 2.2 161.9 2.0 231.2 2.7 202.5 2.5
58. Plastics in non-primary forms 82.4 1.0 85.1 1.1 74.2 0.9 83.7 1.0 78.1 1.0
59. Chemical materials and products,n.e.s. 68.6 0.9 53.0 0.7 45.2 0.6 68.5 0.8 65.0 0.8
6. Basic manufactures 958.4 12.0 815.7 10.3 770.0 9.7 956.2 11.3 879.8 11.0
61. Leather,dressed fur,etc. 0.5 0.0 0.3 0.0 0.4 0.0 0.3 0.0 0.6 0.0
62. Rubber manufactures,n.e.s. 125.2 1.6 98.6 1.2 90.1 1.1 96.4 1.1 95.7 1.2
63. Wood and cork manufactures 0.8 0.0 0.7 0.0 1.1 0.0 0.7 0.0 0.7 0.0
64. Paper,paperboard and articles thereof 50.2 0.6 45.2 0.6 39.6 0.5 42.1 0.5 39.1 0.5
65. Textile yarn,fabrics,made up articles,etc. 106.8 1.3 85.1 1.1 79.5 1.0 101.3 1.2 85.6 1.1
66. Non-metallic mineral manufactures,n.e.s. 48.3 0.6 39.6 0.5 38.4 0.5 46.3 0.5 35.0 0.4
67. Iron and steel 218.8 2.7 233.0 2.9 206.4 2.6 270.7 3.2 321.3 4.0
68. Non-ferrous metals 238.3 3.0 158.0 2.0 153.6 1.9 218.5 2.6 138.9 1.7
69. Manufactures of metals,n.e.s. 169.9 2.1 155.6 2.0 161.4 2.0 180.3 2.1 163.3 2.0
7. Machinery,transport equipment 5,031.10 62.9 5,166.10 65.1 5,042.9 63.4 5,192.7 61.3 4,837.5 60.6
71. Power generating machinery and equipment 244.4 3.1 173.2 2.2 177.3 2.2 200.8 2.4 208.5 2.6
72. Machinery for specialized industries 377.7 4.7 340.1 4.3 345.6 4.3 361.5 4.3 374.8 4.7
73. Metal working machinery 49.2 0.6 43.8 0.6 43.2 0.5 39.9 0.5 41.1 0.5
74. General industrial machinery n.e.s. 417.9 5.2 372.1 4.7 337.1 4.2 410.8 4.8 317.7 4.0
75. Office machines and adp machines 611.2 7.6 575.9 7.3 621.1 7.8 759.2 9.0 682.9 8.6
76. Telecommunications and sound recording equipment 195.8 2.4 411.3 5.2 311.4 3.9 388.6 4.6 303.4 3.8
77. Electric machinery,n.e.s.and parts 1,091.1 13.6 921.0 11.6 1,019.1 12.8 1,088.6 12.9 970.2 12.2
78. Road vehicles 2,020.9 25.3 2,108.6 26.6 2,164.6 27.2 1,911.9 22.6 1,908.4 23.9
79. Other transport equipment 24.2 0.3 221.3 2.8 23.9 0.3 31.8 0.4 30.9 0.4
8. Miscellaneous manufactured articles 825.7 10.3 644.0 8.1 730.7 9.2 795.3 9.4 899.6 11.3
81. Prefabr.buildings;sanitary,lighting etc.fixtrs 11.2 0.1 13.4 0.2 13.9 0.2 19.1 0.2 12.7 0.2
82. Furniture and parts thereof 34.9 0.4 28.2 0.4 27.2 0.3 25.2 0.3 23.3 0.3
83. Travel goods,handbags and sim.containers 4.8 0.1 9.0 0.1 6.7 0.1 9.6 0.1 8.3 0.1
84. Articles of apparel and clothing accessories 19.1 0.2 14.2 0.2 17.8 0.2 21.5 0.3 19.5 0.2
85. Footwear 4.8 0.1 2.10 0.0 3.9 0.0 3.7 0.0 5.10 0.1
87. Instruments and apparates n.e.s. 86.6 1.1 80.6 1.0 74.3 0.9 90.8 1.1 79.7 1.0
88. Photographic equipment,optical goods etc. 14.2 0.2 10.4 0.1 12.4 0.2 11.8 0.1 13.4 0.2
89. Miscellaneous manufactured articles,n.e.s. 650.5 8.1 485.5 6.1 574.8 7.2 614.0 7.2 736.9 9.2
9. Goods not classified elsewhere 156.8 2.0 143.2 1.8 178.8 2.2 118.5 1.4 193.6 2.4
93. Special transactions and commodities not classified 123.5 1.5 112.9 1.4 147.2 1.9 85.9 1.0 162.7 2.0
96. Coin (not gold coin or legal) 0.1 0.0 0 0.0 0.7 0.0 0.1 0.0 0.1 0.0
98. (USA Sitc) Estimate of import items valued under $251 and of other low valued items nonexempt from formal entry 32.7 0.4 30.3 0.4 30.1 0.4 32.3 0.4 30.2 0.4
0-9. All groups combined 8,003.3 100.0 7,941.1 100.0 7,950.9 100.0 8,469.4 100.0 7,983.8 100.0

Source: US Census Bureau

Year level (Sitc)

Year 2021 January - Juli (Sitc)


Year level of Advanced Technology Products (ATP)

Advanced Technology Products (ATP) of last published months

Year 2021 January - Juli (ATP)

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