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Parts and Materials

The parts and materials industry is Korea’s core industry, boasting strong competitiveness in the world market. The exports of parts and materials account for 48% of the country's total exports.

Trade performance of the parts and materials industry (2014)

  • 48.2% of Korea's total exports
  • 32% of imports of Korea's all industries

* Source: Tourism Knowledge and Information System

Trade balance of parts & materials business categories

Electronic parts recorded the largest trade surplus, of USD 44.8 billion, in 2014 and transport
machinery parts ranked 2nd.

Trade balance of major parts & materials business categories (2014)
(Unit: USD 10,000 MN)
Electronics (export: 932, import: 485, Balance:448)
Transportation (export: 304, import: 74, Balance:231)
Chemicals (export: 452, import: 283, Balance:169)
Electric (export: 238, import: 143, Balance:95)

* Source: Ministry of Trade, Industry and Energy