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How dependent is South Korea on Japan?

In 2024, Japan sold $46.8 billion to South Korea, 7.5% of its imports, ranking 3rd among its suppliers. Its share was 9.2% in 2019 and 23.1% in 1995. In 28 products it sells more than 50% of what South Korea buys of them (in 7, more than 75%); what South Korea buys from Japan in those products (dominated value) adds up to $4.5 billion, 0.71% of its imports.

Summary

Share of its imports
7.5%
Value imported
$46.8billion
Rank among its suppliers
3rd
Products where it sells over 50%
28
Products where it sells over 75%
7
Dominated value
$4.5billion
Share of total imports
0.7%

Trend

Trend in shares

Japan went from 23.1% to 7.5% of what South Korea buys

Share (%)

  • Japan 7.5%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199530,77823.1%1
199630,68120.6%2
199727,28318.9%2
199816,42617.7%2
199923,82020%2
200031,24619.6%1
200126,19018.5%1
200229,42219.4%1
200335,50620.3%1
200444,49320.2%1
200547,51318.5%1
200651,33316.8%1
200757,61816.2%2
200861,67314.4%2
200949,85415.4%2
201063,47215.1%2
201167,54113.4%2
201263,00112.5%2
201358,87911.6%2
201453,00710.1%2
201545,59110.5%2
201646,46511.4%2
201755,30111.4%2
201853,91210.2%3
201946,4319.2%3
202045,1719.7%3
202153,8378.9%3
202253,4247.6%3
202346,7447.4%3
202446,7547.5%3

Products where Japan sells more than half

ProductSupplierShareSecondValue
Plastic sheets and filmJapan54.5%China · 23.9%$1 billion
Ferrous scrapJapan62.4%Thailand · 9.4%$779 million
Semi-finished steelJapan75.3%over 75%China · 10.5%$513 million
Coal tar oilsJapan80.6%over 75%Indonesia · 5.1%$452 million
Photographic chemicalsJapan71.6%United States · 13.2%$362 million
Synthetic paints and varnishesJapan66.6%United States · 10.1%$329 million
Drawn and blown sheet glassJapan88%over 75%Taiwan · 6.7%$143 million
Developed photographic plates and filmJapan64.2%China · 23.2%$119 million
Polishes and scouring creamsJapan68.7%United States · 18.8%$119 million
Harvesters and farm machineryJapan56%China · 11.4%$101 million
Photographic film in rollsJapan71.2%Malaysia · 13.3%$100 million
Cyclic alcohols (menthol)Japan61.8%China · 14.2%$98 million
Bulldozers and excavatorsJapan52.8%China · 18.4%$97 million
Plows, seeders and tillage machineryJapan68.4%China · 14.7%$58 million
Limestone for lime and cementJapan71.7%Vietnam · 23.3%$34 million
Photo lab equipment and projection screensJapan53.6%United States · 32.6%$32 million
Alloy steel wireJapan55.2%China · 32.5%$31 million
Cider and other fermented drinksJapan57.3%Denmark · 18%$29 million
Pitch and pitch cokeJapan62.3%Germany · 25.6%$12 million
Hydrochloric and chlorosulfuric acidJapan78.6%over 75%China · 7.8%$11 million
NewsprintJapan62.1%China · 22.3%$8 million
Weaving loomsJapan62.4%China · 14.8%$6 million
Sulfides of non-metals; phosphorus trisulfideJapan92.4%over 75%China · 2.6%$4 million
Base metals clad with silver, semi-manufacturedJapan88.4%over 75%Germany · 5.4%$4 million
Granulated blast-furnace slagJapan58.8%China · 40.9%$4 million
PearlsJapan50.2%China · 20.7%$2 million
SulfurJapan83.2%over 75%Spain · 5.4%$2 million
Wool grease and lanolinJapan58.7%China · 36%$696 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 Japan

South Korea is Japan’s 3rd-largest customer, with 6.2% 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.