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How dependent is Japan on South Korea?

In 2024, South Korea sold $28.7 billion to Japan, 4% of its imports, ranking 6th among its suppliers. Its share was 4% in 2019 and 5.2% in 1995. In 22 products it sells more than 50% of what Japan buys of them (in 8, more than 75%); what Japan buys from South Korea in those products (dominated value) adds up to $3.7 billion, 0.51% of its imports.

Summary

Share of its imports
4%
Value imported
$28.7billion
Rank among its suppliers
6th
Products where it sells over 50%
22
Products where it sells over 75%
8
Dominated value
$3.7billion
Share of total imports
0.5%

Trend

Trend in shares

South Korea went from 5.2% to 4% of what Japan buys

Share (%)

  • South Korea 4%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199516,9855.2%3
199615,8524.7%3
199714,5474.4%3
199812,5324.5%4
199916,1195.3%3
200020,4155.5%3
200117,0025%3
200215,3464.7%3
200317,7134.8%3
200420,7194.7%3
200523,8624.8%5
200627,1314.9%6
200727,1424.4%7
200829,0593.9%7
200921,6154%7
201028,1534.2%7
201138,8204.7%6
201239,5514.7%6
201334,9604.4%7
201432,2714.1%7
201525,5834.3%4
201623,9444%4
201726,9114.1%5
201830,5274.2%5
201927,8724%4
202025,1184%5
202130,3094.1%5
202231,5293.6%7
202329,2323.8%7
202428,7344%6

Products where South Korea sells more than half

ProductSupplierShareSecondValue
SilverSouth Korea65.2%Mexico · 23.9%$945 million
Hot-rolled flat steelSouth Korea62.5%Taiwan · 25.5%$820 million
Coated flat steelSouth Korea67.4%China · 23.6%$786 million
Cold-rolled flat steelSouth Korea60.6%Taiwan · 27%$403 million
Semi-finished steelSouth Korea86.6%over 75%China · 9.5%$135 million
Coal tar oilsSouth Korea74.3%Australia · 15.9%$126 million
Alloy steel sheetSouth Korea62.6%Taiwan · 16.3%$125 million
Welded steel pipesSouth Korea50.2%China · 12.8%$106 million
Uncoated narrow steel stripSouth Korea77.7%over 75%Germany · 6.8%$48 million
Alloy steel wire rodSouth Korea80.5%over 75%China · 17%$43 million
Nitric and sulfonitric acidsSouth Korea98.8%over 75%Taiwan · 0.86%$35 million
Mixed alkylbenzenesSouth Korea64.6%China · 19.9%$28 million
Steel sheet pilingSouth Korea82.1%over 75%China · 11.3%$25 million
Asphalt roofing and membranesSouth Korea87.1%over 75%United States · 9.6%$19 million
Stainless steel wire rodSouth Korea61.8%Taiwan · 19.9%$18 million
Steel barsSouth Korea66.4%China · 13.7%$18 million
Hydrogen peroxideSouth Korea83.5%over 75%Taiwan · 6.6%$8 million
Copper matteSouth Korea65.6%Malaysia · 14.9%$5 million
Beef, mutton and goat tallowSouth Korea88.3%over 75%Australia · 10.8%$4 million
Carbon and copy paperSouth Korea55.6%China · 30.4%$3 million
Waste of man-made fibersSouth Korea55.4%China · 30.3%$3 million
Cadmium, unwrought, waste and powdersSouth Korea54.4%Canada · 36.9%$684 thousand

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

Japan is South Korea’s 7th-largest customer, with 3.8% 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.