Applied tariffs
Simple average MFN applied
2025
*
13.4 %
Trade-weighted MFN average
2024
*
8.0 %
Share of MFN duty-free
2025
17.6 %
Bound tariffs
Simple average bound
*
17.0 %
Binding coverage
94.9 %
Share of bound duty-free
17.0 %
Imports
Total imports: 631,767.2 million USD in 2024
Imports by partner
China
22.1 %
139,878.5
million USD
United States of America
11.4 %
72,132.3
million USD
European Union
10.2 %
64,749.0
million USD
Japan
7.5 %
47,593.8
million USD
Saudi Arabia, Kingdom of
5.0 %
31,449.8
million USD
Chinese Taipei
4.8 %
30,224.9
million USD
Australia
4.7 %
29,954.7
million USD
Viet Nam
4.5 %
28,443.5
million USD
United Arab Emirates
2.8 %
17,930.8
million USD
Qatar
2.2 %
14,208.3
million USD
Rest of the World
24.6 %
155,201.4
million USD
Imports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
13.5 %
85,334.4
million USD
854231
Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
5.1 %
32,273.2
million USD
271111
Natural gas, liquefied
4.6 %
29,272.0
million USD
854232
Electronic integrated circuits as memories
3.2 %
19,937.0
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
3.1 %
19,845.5
million USD
270112
Bituminous coal, whether or not pulverised, non-agglomerated
2.4 %
15,423.4
million USD
848620
Machines and apparatus for the manufacture of semiconductor devices or of electronic integrated circuits
1.9 %
12,129.0
million USD
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
1.3 %
7,936.8
million USD
260111
Non-agglomerated iron ores and concentrates (excl. roasted iron pyrites)
1.2 %
7,301.2
million USD
847330
Parts and accessories of automatic data-processing machines or for other machines of heading 8471, n.e.s.
1.0 %
6,025.9
million USD
Rest of the products
62.7 %
396,288.8
million USD
Exports
Total exports: 683,609.5 million USD in 2024
Exports by destination
China
19.5 %
133,011.4
million USD
United States of America
18.7 %
127,761.4
million USD
European Union
10.0 %
68,080.3
million USD
Viet Nam
8.5 %
58,323.0
million USD
Hong Kong, China
5.1 %
35,021.6
million USD
Chinese Taipei
5.0 %
33,969.1
million USD
Japan
4.3 %
29,607.2
million USD
India
2.7 %
18,696.1
million USD
Singapore
2.7 %
18,224.2
million USD
Australia
2.3 %
15,597.9
million USD
Rest of the World
21.3 %
145,317.4
million USD
Exports by products HS 2022
854232
Electronic integrated circuits as memories
10.5 %
72,019.7
million USD
854231
Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
5.2 %
35,845.6
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
5.1 %
34,745.5
million USD
870323
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.500 cm³ but <= 3.000 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
3.1 %
21,029.5
million USD
890190
Vessels for the transport of goods and vessels for the transport of both persons and goods (excl. refrigerated vessels, tankers, ferry-boats and vessels principally designed for the transport of persons)
2.5 %
17,051.7
million USD
847330
Parts and accessories of automatic data-processing machines or for other machines of heading 8471, n.e.s.
2.5 %
16,770.8
million USD
271012
Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
2.2 %
14,772.1
million USD
852412
Flat panel display modules, whether or not incorporating touch-sensitive screens, without drivers or control circuits, of organic light-emitting diodes "OLED"
1.8 %
12,561.1
million USD
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
1.7 %
11,727.1
million USD
870340
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion (excl. vehicles for travelling on snow, other specially designed vehicles of subheading 8703.10 and plug-in hybrids)
1.6 %
11,264.3
million USD
Rest of the products
63.8 %
435,822.1
million USD
Preferential regimes provided by Korea, Republic of
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Korea, Republic of as a beneficiary based on other economies reported preferential regimes
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