Summary
- Canada → South Korea
- $6.5billion
- South Korea → Canada
- $11.7billion
- Canada’s balance
- -$5.2billion
Balance
Canada’s trade balance with South Korea
Trade between Canada and South Korea grew 3.6-fold since 1995
USD billions (current). Canada’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 6.5
- Imports 11.7
- Balance -5.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $2.5 billion | $2.5 billion | -$18 million |
| 1996 | $2.7 billion | $1.6 billion | $1.1 billion |
| 1997 | $2.5 billion | $1.8 billion | $654 million |
| 1998 | $1.8 billion | $2.3 billion | -$449 million |
| 1999 | $1.7 billion | $2.2 billion | -$475 million |
| 2000 | $2 billion | $3.6 billion | -$1.6 billion |
| 2001 | $1.8 billion | $2.9 billion | -$1.1 billion |
| 2002 | $1.8 billion | $3.2 billion | -$1.4 billion |
| 2003 | $1.8 billion | $3.7 billion | -$1.9 billion |
| 2004 | $2.1 billion | $4.6 billion | -$2.6 billion |
| 2005 | $2.5 billion | $4.5 billion | -$2 billion |
| 2006 | $3 billion | $5.2 billion | -$2.2 billion |
| 2007 | $3.1 billion | $5 billion | -$1.9 billion |
| 2008 | $4.1 billion | $5.8 billion | -$1.7 billion |
| 2009 | $3.3 billion | $5.1 billion | -$1.8 billion |
| 2010 | $4.2 billion | $5.9 billion | -$1.6 billion |
| 2011 | $6.4 billion | $6.6 billion | -$216 million |
| 2012 | $4.9 billion | $6.1 billion | -$1.1 billion |
| 2013 | $4.4 billion | $6.5 billion | -$2.1 billion |
| 2014 | $5.2 billion | $6.5 billion | -$1.3 billion |
| 2015 | $4 billion | $6.4 billion | -$2.4 billion |
| 2016 | $3.7 billion | $7.7 billion | -$4 billion |
| 2017 | $4.9 billion | $6.3 billion | -$1.4 billion |
| 2018 | $5.5 billion | $7.2 billion | -$1.7 billion |
| 2019 | $5.4 billion | $7 billion | -$1.6 billion |
| 2020 | $4.2 billion | $7.1 billion | -$2.8 billion |
| 2021 | $6.2 billion | $8.1 billion | -$1.9 billion |
| 2022 | $7.9 billion | $10 billion | -$2.1 billion |
| 2023 | $5.8 billion | $10.1 billion | -$4.2 billion |
| 2024 | $6.5 billion | $11.7 billion | -$5.2 billion |
What they sell each other
What Canada sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Canada
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Vancouver and Busan is 4,872 nautical miles (9,023 km) long: ≈ 11.5–14.5 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 Canada’s 6th largest trading partner (2% of its trade), and Canada was South Korea’s 16th (1%).
- South Korea in Canada’s trade
- 1.7%
- South Korea’s rank among Canada’s partners
- 6th
- Canada in South Korea’s trade
- 1.3%
- Canada’s rank among South Korea’s partners
- 16th
Compare with
Other partners of Canada
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.