Applied tariffs
Simple average MFN applied
2023
*
13.4 %
Trade-weighted MFN average
2023
*
8.6 %
Share of MFN duty-free
2023
17.6 %
Bound tariffs
Simple average bound
*
17.0 %
Binding coverage
94.9 %
Share of bound duty-free
17.0 %
Imports
Total imports: 642,572.1 million USD in 2023
Imports by partner
China
22.2 %
142,857.3
million USD
United States of America
11.1 %
71,272.0
million USD
European Union
10.6 %
67,862.8
million USD
Japan
7.4 %
47,656.5
million USD
Australia
5.1 %
32,823.0
million USD
Saudi Arabia, Kingdom of
5.1 %
32,762.5
million USD
Viet Nam
4.0 %
25,941.8
million USD
Chinese Taipei
3.8 %
24,370.6
million USD
United Arab Emirates
2.6 %
16,422.8
million USD
Malaysia
2.4 %
15,237.1
million USD
Rest of the World
25.7 %
165,365.7
million USD
Imports by products HS 2022
270900
Petroleum oils and oils obtained from bituminous minerals, crude
13.4 %
86,158.4
million USD
271111
Natural gas, liquefied
5.6 %
36,048.9
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
4.3 %
27,901.5
million USD
270112
Bituminous coal, whether or not pulverised, non-agglomerated
2.9 %
18,892.8
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)
2.9 %
18,463.2
million USD
854232
Electronic integrated circuits as memories
2.3 %
14,842.2
million USD
848620
Machines and apparatus for the manufacture of semiconductor devices or of electronic integrated circuits
1.9 %
12,495.9
million USD
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
1.3 %
8,541.1
million USD
850760
Lithium-ion accumulators (excl. spent)
1.3 %
8,466.0
million USD
260111
Non-agglomerated iron ores and concentrates (excl. roasted iron pyrites)
1.1 %
7,164.4
million USD
Rest of the products
62.8 %
403,597.8
million USD
Exports
Total exports: 632,225.8 million USD in 2023
Exports by destination
China
19.7 %
124,817.7
million USD
United States of America
18.3 %
115,696.3
million USD
European Union
10.8 %
68,188.4
million USD
Viet Nam
8.5 %
53,479.5
million USD
Japan
4.6 %
29,000.6
million USD
Hong Kong, China
4.0 %
25,193.6
million USD
Chinese Taipei
3.2 %
20,178.8
million USD
Singapore
3.0 %
18,752.0
million USD
India
2.8 %
17,949.6
million USD
Australia
2.8 %
17,791.4
million USD
Rest of the World
22.3 %
141,178.0
million USD
Exports by products HS 2022
854232
Electronic integrated circuits as memories
6.8 %
42,893.8
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
5.9 %
37,217.3
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
5.0 %
31,414.5
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)
3.0 %
19,280.8
million USD
870380
Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only electric motor for propulsion (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
2.3 %
14,334.8
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 %
13,670.1
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"
2.1 %
12,995.3
million USD
284190
Salts of oxometallic or peroxometallic acids (excl. chromates, dichromates, peroxochromates, manganites, manganates, permanganates, molybdates and tungstates "wolframamtes")
2.0 %
12,682.0
million USD
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
1.8 %
11,175.9
million USD
870322
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 > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
1.6 %
9,828.9
million USD
Rest of the products
67.5 %
426,732.6
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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