Rep. of Korea-China, Macao SAR Bilateral Trade Analysis 2023
Complete trade statistics: $171.54M total volume •Rep. of Korea surplus: $171.54M
Rep. of Korea → China, Macao SAR
$171.54M
Exports (2023)
China, Macao SAR → Rep. of Korea
$0
Imports (2023)
Trade Balance
$171.54M
Surplus for Rep. of Korea
Total Trade
$171.54M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Rep. of Korea and China, Macao SAR. Green line shows exports from 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 Rep. of Korea-China, Macao SAR commercial relationship and competitive positioning in global markets.
Rep. of Korea → China, Macao SAR Exports
Export Market Intelligence
🎯 Strategic Export Focus
Rep. of Korea's export portfolio to China, Macao SAR demonstrates strategic specialization, with cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) representing a key competitive advantage in this bilateral market.
China, Macao SAR → Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Rep. of Korea's import pattern from China, Macao SAR reveals significant dependencyin plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Rep. of Korea demonstrates competitive strength in exportingcosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) to China, Macao SAR, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $171.54M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Rep. of Korea-China, Macao SAR Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $171.54 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Rep. of Korea maintains a surplus of $171.54 million
- Export Focus: Rep. of Korea's primary exports include cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), telephones for cellular networks or for other wireless networks, television cameras, digital cameras and video camera recorders
- Import Dependencies: Key imports from China, Macao SAR include plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, jackets and blazers: men's or boys', of synthetic fibres (not knitted or crocheted), games: video game consoles and machines, other than those of subheading 9504.30
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 $171.54M 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 Rep. of Korea leveraging its comparative advantages in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations).
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
Rep. of Korea's specialization in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)complements China, Macao SAR's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $171.54M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $171.54M 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 $171.54 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations) and plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Rep. of Korea's trade surplus of $171.54 million strengthens 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 Rep. of Korea and China, Macao SAR represents a total trade volume of $171.54 million in 2023. This partnership demonstrates a favorable trade balance for Rep. of Korea, with exports exceeding importsby $171.54 million.
Export Strengths
Rep. of Korea's exports to China, Macao SAR total $171.54 million, with competitive advantages in cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations), representing $42.34M or24.7% of bilateral exports.
Import Dependencies
Imports from China, Macao SAR amount to $0.00, highlighting economic interdependence in plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials, with Plastics: plates, sheets, film, foil and strip (not self-adhesive), of plastics n.e.c. in heading no. 3920, non-cellular and not reinforced, laminated, supported or similarly combined with other materials comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Rep. of Korea's competitive position in this bilateral relationship. 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 Rep. of Korea and China, Macao SAR in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023