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How dependent is China on South Korea?

In 2024, South Korea sold $155.2 billion to China, 7.2% of its imports, ranking 1st among its suppliers. Its share was 8.8% in 2019 and 7.8% in 1995. In 16 products it sells more than 50% of what China buys of them (in 3, more than 75%); what China buys from South Korea in those products (dominated value) adds up to $3.6 billion, 0.17% of its imports.

Summary

Share of its imports
7.2%
Value imported
$155.2billion
Rank among its suppliers
1st
Products where it sells over 50%
16
Products where it sells over 75%
3
Dominated value
$3.6billion
Share of total imports
0.2%

Trend

Trend in shares

South Korea went from 7.8% to 7.2% of what China buys

Share (%)

  • South Korea 7.2%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199510,4917.8%5
199612,9179.3%4
199715,48411%2
199814,47410.8%3
199916,57610.9%3
200022,20010.8%2
200121,9119.8%4
200227,90910.3%3
200342,01511.3%2
200456,52311.7%2
200565,71711.7%3
200681,38012.2%2
200798,00311.8%2
2008106,05111%2
200995,81811.1%2
2010126,34810.8%2
2011146,63510.1%2
2012134,4119.2%2
2013146,3839.3%1
2014146,6169.2%1
2015135,27910.2%2
2016123,3839.6%3
2017155,4499.8%1
2018178,60510.2%1
2019151,1528.8%1
2020148,3598.7%2
2021182,8768.4%1
2022171,4887.5%1
2023137,1696.3%4
2024155,1657.2%1

Products where South Korea sells more than half

ProductSupplierShareSecondValue
Chromates, permanganates and other metal saltsSouth Korea82.1%over 75%Japan · 5.6%$1.1 billion
Aluminum sheetSouth Korea56.6%Japan · 13.9%$633 million
Cast and rolled glassSouth Korea55%United States · 30.9%$496 million
Bent or worked flat glassSouth Korea51%Taiwan · 41.5%$356 million
PastaSouth Korea58.5%Indonesia · 12.2%$259 million
Cargo and cruise shipsSouth Korea52.2%Denmark · 10%$219 million
Cold-rolled flat steelSouth Korea55.6%Japan · 18.9%$205 million
Steel tanks and containersSouth Korea56%United States · 12.6%$76 million
FluoridesSouth Korea67.4%Japan · 10.2%$59 million
Uninsulated copper cableSouth Korea55.3%Taiwan · 14.2%$47 million
Nonmetal halidesSouth Korea57.4%Japan · 18%$43 million
Gas generatorsSouth Korea51.1%Hong Kong · 10.1%$36 million
Pitch and pitch cokeSouth Korea56.6%Japan · 30.1%$31 million
Nitric and sulfonitric acidsSouth Korea87.2%over 75%Taiwan · 5.5%$23 million
CyanidesSouth Korea78.2%over 75%Japan · 10.7%$16 million
Hydrogen peroxideSouth Korea54%Taiwan · 16.1%$7 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from South Korea

China is South Korea’s 1st-largest customer, with 20.3% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.