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How dependent is South Korea on the United States?

In 2024, the United States sold $71.4 billion to South Korea, 11.5% of its imports, ranking 2nd among its suppliers. Its share was 12.1% in 2019 and 22.6% in 1995. In 46 products it sells more than 50% of what South Korea buys of them (in 10, more than 75%); what South Korea buys from the United States in those products (dominated value) adds up to $9.5 billion, 1.5% of its imports.

Summary

Share of its imports
11.5%
Value imported
$71.4billion
Rank among its suppliers
2nd
Products where it sells over 50%
46
Products where it sells over 75%
10
Dominated value
$9.5billion
Share of total imports
1.5%

Trend

Trend in shares

The United States went from 22.6% to 11.5% of what South Korea buys

Share (%)

  • United States 11.5%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
199530,11722.6%2
199632,22921.6%1
199729,77120.6%1
199820,81122.5%1
199924,63520.7%1
200028,89418.1%2
200123,57816.6%2
200222,89015.1%2
200324,26813.8%2
200428,33912.9%3
200529,96811.7%3
200633,29610.9%3
200736,37110.2%3
200837,5498.8%3
200928,6778.9%3
201039,7939.5%3
201144,4648.8%3
201242,8088.5%3
201340,5618%3
201444,5468.5%3
201543,0869.9%3
201641,37610.1%3
201749,87310.3%3
201858,02110.9%2
201961,02012.1%2
202056,80912.2%2
202172,16111.9%2
202277,16810.9%2
202368,17710.9%2
202471,40311.5%2

Products where the United States sells more than half

ProductSupplierShareSecondValue
Turbojets and gas turbinesUnited States50.4%India · 15.7%$1.8 billion
Airplanes and helicoptersUnited States50.8%France · 36.4%$1.6 billion
Frozen beefUnited States51.7%Australia · 39.7%$1.2 billion
Fresh beefUnited States71.8%Australia · 27.9%$908 million
Aircraft partsUnited States76.6%over 75%France · 6.6%$803 million
SoybeansUnited States55%Brazil · 34%$381 million
Starch, sugar and brewing residuesUnited States62%China · 31.5%$373 million
Forage (alfalfa and hay)United States73.6%Australia · 18.3%$276 million
Other nuts (almonds, walnuts)United States87.1%over 75%Australia · 4.9%$261 million
Citrus fruitUnited States79.5%over 75%Australia · 8.3%$247 million
RiceUnited States51.4%China · 37.6%$210 million
Navigation instrumentsUnited States58.9%France · 14.1%$202 million
Frozen vegetablesUnited States53.8%Belgium · 16.3%$134 million
Waste paperUnited States58.5%Japan · 26.6%$115 million
Cellulose derivativesUnited States51.6%China · 15.7%$103 million
Stone fruit (cherries, peaches, plums)United States71.1%Chile · 26.4%$94 million
Glands, heparin and organ extractsUnited States69.8%China · 12.5%$73 million
Artificial filament yarn (viscose)United States59.7%China · 17.6%$60 million
Bombs, missiles and ammunitionUnited States64.5%Germany · 17.1%$57 million
Artificial filament tow (acetate)United States50.8%Japan · 38%$53 million
Other nickel articlesUnited States55.3%Japan · 9.8%$49 million
Petroleum coke and bitumenUnited States59%Canada · 29.2%$48 million
Albumins (whey protein)United States59.3%Denmark · 15.3%$47 million
ZirconiumUnited States87.7%over 75%France · 7.3%$43 million
SausagesUnited States87.9%over 75%New Zealand · 4%$38 million
KaolinUnited States62.9%China · 27.6%$32 million
Compounded rubberUnited States63.9%China · 14.5%$29 million
Boron oxides and boric acidUnited States79.7%over 75%Turkey · 9.1%$26 million
Stamps and banknotesUnited States81.9%over 75%Malta · 4.9%$21 million
Chlorates and perchloratesUnited States63.6%France · 22.1%$21 million

and 16 more

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 the United States

South Korea is the United States’ 6th-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.