Other Asia, nes-Rep. of Korea Bilateral Trade Analysis 2023
Complete trade statistics: $46.29B total volume •Other Asia, nes deficit: $10.20B
Other Asia, nes → Rep. of Korea
$18.04B
Exports (2023)
Rep. of Korea → Other Asia, nes
$28.24B
Imports (2023)
Trade Balance
$10.20B
Deficit for Other Asia, nes
Total Trade
$46.29B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Other Asia, nes and Rep. of Korea. Green line shows exports from Other Asia, nes, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Other Asia, nes-Rep. of Korea commercial relationship and competitive positioning in global markets.
Other Asia, nes → Rep. of Korea Exports
Export Market Intelligence
🎯 Strategic Export Focus
Other Asia, nes's export portfolio to Rep. of Korea demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.
Rep. of Korea → Other Asia, nes Imports
Import Dependency Profile
📦 Import Strategy Analysis
Other Asia, nes's import pattern from Rep. of Korea reveals strategic sourcingin electronic integrated circuits: memories, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Other Asia, nes demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to Rep. of Korea, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $46.29B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Other Asia, nes-Rep. of Korea Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $46.29 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Other Asia, nes maintains a deficit of $10.20 billion
- Export Focus: Other Asia, nes's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, circuits: printed, lenses: objective, (other than for cameras, projectors or photographic enlargers or reducers), mounted, of any material (excluding elements of glass not optically worked)
- Import Dependencies: Key imports from Rep. of Korea include electronic integrated circuits: memories, electronic integrated circuits: n.e.c. in heading no. 8542, electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $46.29B 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 Other Asia, nes leveraging its comparative advantages in electronic integrated circuits: n.e.c. in heading no. 8542.
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
Other Asia, nes's specialization in electronic integrated circuits: n.e.c. in heading no. 8542complements Rep. of Korea's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: memories.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $46.29B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $46.29B 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 $46.29 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and electronic integrated circuits: memories demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Other Asia, nes's trade deficit of $10.20 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 Other Asia, nes and Rep. of Korea represents a total trade volume of $46.29 billion in 2023. This partnership demonstrates an unfavorable trade balance for Other Asia, nes, with imports exceeding exportsby $10.20 billion.
Export Strengths
Other Asia, nes's exports to Rep. of Korea total $18.04 billion, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $10.94B or60.6% of bilateral exports.
Import Dependencies
Imports from Rep. of Korea amount to $28.24 billion, highlighting economic interdependence in electronic integrated circuits: memories, with Electronic integrated circuits: memories comprising28.4% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Other Asia, nes's strategic sourcing from Rep. of Korea. 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 Other Asia, nes and Rep. of Korea in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023