Dem. People's Rep. of Korea-China Bilateral Trade Analysis 2023
Complete trade statistics: $2.29B total volume •Dem. People's Rep. of Korea deficit: $1.71B
Dem. People's Rep. of Korea → China
$291.85M
Exports (2023)
China → Dem. People's Rep. of Korea
$2.00B
Imports (2023)
Trade Balance
$1.71B
Deficit for Dem. People's Rep. of Korea
Total Trade
$2.29B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dem. People's Rep. of Korea and China. Green line shows exports from Dem. People's Rep. of Korea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dem. People's Rep. of Korea-China commercial relationship and competitive positioning in global markets.
Dem. People's Rep. of Korea → China Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dem. People's Rep. of Korea's export portfolio to China demonstrates strategic specialization, with wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair representing a key competitive advantage in this bilateral market.
China → Dem. People's Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dem. People's Rep. of Korea's import pattern from China reveals significant dependencyin human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dem. People's Rep. of Korea demonstrates competitive strength in exportingwigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair to China, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.29B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dem. People's Rep. of Korea-China Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.29 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Dem. People's Rep. of Korea maintains a deficit of $1.71 billion
- Export Focus: Dem. People's Rep. of Korea's primary exports include wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair, ferro-alloys: ferro-silicon, containing by weight more than 55% of silicon, tungsten ores and concentrates
- Import Dependencies: Key imports from China include human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like, cereals: rice, semi-milled or wholly milled, whether or not polished or glazed, sugars: sucrose, chemically pure, in solid form, not containing added flavouring or colouring matter
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.29B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dem. People's Rep. of Korea leveraging its comparative advantages in wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dem. People's Rep. of Korea's specialization in wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human haircomplements China's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.29B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.29B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.29 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair and human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dem. People's Rep. of Korea's trade deficit of $1.71 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dem. People's Rep. of Korea and China represents a total trade volume of $2.29 billion in 2023. This partnership demonstrates an unfavorable trade balance for Dem. People's Rep. of Korea, with imports exceeding exportsby $1.71 billion.
Export Strengths
Dem. People's Rep. of Korea's exports to China total $291.85 million, with competitive advantages in wigs, false beards, eyebrows and eyelashes, switches and the like and other articles n.e.c.: of human hair, representing $162.76M or55.8% of bilateral exports.
Import Dependencies
Imports from China amount to $2.00 billion, highlighting economic interdependence in human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like, with Human hair, dressed, thinned, bleached or otherwise worked: wool or other animal hair or other textile materials, prepared for use in making wigs or the like comprising8.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dem. People's Rep. of Korea's strategic sourcing from China. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dem. People's Rep. of Korea and China in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023