Summary
- Australia → South Korea
- $29.4billion
- South Korea → Australia
- $16.6billion
- Australia’s balance
- $12.7billion
Balance
Australia’s trade balance with South Korea
Trade between Australia and South Korea grew 6.9-fold since 1995
USD billions (current). Australia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 29.4
- Imports 16.6
- Balance +12.7
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $5 billion | $1.7 billion | $3.4 billion |
| 1996 | $6.5 billion | $1.9 billion | $4.6 billion |
| 1997 | $6 billion | $2.3 billion | $3.7 billion |
| 1998 | $4.6 billion | $2.8 billion | $1.8 billion |
| 1999 | $4.6 billion | $2.6 billion | $2 billion |
| 2000 | $5.9 billion | $2.9 billion | $3 billion |
| 2001 | $5.9 billion | $2.5 billion | $3.4 billion |
| 2002 | $6.1 billion | $2.7 billion | $3.4 billion |
| 2003 | $6 billion | $3.8 billion | $2.2 billion |
| 2004 | $7.4 billion | $3.8 billion | $3.7 billion |
| 2005 | $10 billion | $4.1 billion | $5.8 billion |
| 2006 | $11.3 billion | $5.7 billion | $5.6 billion |
| 2007 | $13.3 billion | $5.2 billion | $8.1 billion |
| 2008 | $17.4 billion | $5.7 billion | $11.6 billion |
| 2009 | $15 billion | $5.8 billion | $9.2 billion |
| 2010 | $19.4 billion | $7.2 billion | $12.2 billion |
| 2011 | $24.4 billion | $7.4 billion | $17 billion |
| 2012 | $21.7 billion | $9.9 billion | $11.8 billion |
| 2013 | $19.9 billion | $9.5 billion | $10.4 billion |
| 2014 | $20.6 billion | $10.5 billion | $10.1 billion |
| 2015 | $16.3 billion | $11 billion | $5.3 billion |
| 2016 | $14.5 billion | $8.1 billion | $6.4 billion |
| 2017 | $17.8 billion | $19 billion | -$1.2 billion |
| 2018 | $19.9 billion | $10.2 billion | $9.7 billion |
| 2019 | $19.7 billion | $8.7 billion | $11.1 billion |
| 2020 | $18.6 billion | $6.5 billion | $12.1 billion |
| 2021 | $31.5 billion | $9.5 billion | $22 billion |
| 2022 | $42.6 billion | $18.5 billion | $24.1 billion |
| 2023 | $31.4 billion | $18.6 billion | $12.8 billion |
| 2024 | $29.4 billion | $16.6 billion | $12.7 billion |
What they sell each other
What Australia sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Australia
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Sydney and Busan is 4,736 nautical miles (8,771 km) long: ≈ 11–14 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
South Korea was Australia’s 4th largest trading partner (7% of its trade), and Australia was South Korea’s 6th (3%).
- South Korea in Australia’s trade
- 7.1%
- South Korea’s rank among Australia’s partners
- 4th
- Australia in South Korea’s trade
- 3.3%
- Australia’s rank among South Korea’s partners
- 6th
Compare with
Other partners of Australia
Other partners of South Korea
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.