# Republic of Korea Import Opportunities

Explore Republic of Korea's import opportunities by product, supplier concentration, demand growth, and market size.

- Latest import year: 2024
- Latest imports: $602.8B
- Import CAGR: +0.6%
- Trade openness: 81.8%

## Top Import Opportunities

| Rank | Product | Description | Market size | Demand growth | Suppliers | Concentration |
| ---: | --- | --- | ---: | ---: | ---: | ---: |
| 1 | HS 270900 | Oils: petroleum oils and oils obtained from bituminous minerals, crude | $76.4B | +7.2% | 37 | 2001 |
| 2 | HS 854232 | Electronic integrated circuits: memories | $20.9B | +13.4% | 53 | 6730 |
| 3 | HS 271111 | Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $27.1B | +11.6% | 24 | 1823 |
| 4 | HS 854239 | Electronic integrated circuits: n.e.c. in heading no. 8542 | $15.9B | +7.4% | 93 | 3223 |
| 5 | HS 854231 | Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $22.4B | +5.7% | 79 | 2183 |
| 6 | HS 850760 | Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $4.6B | +20.0% | 56 | 7030 |
| 7 | HS 270112 | Coal: bituminous, whether or not pulverised, but not agglomerated | $12.4B | +7.4% | 24 | 2391 |
| 8 | HS 271012 | Not reported | $18.4B | +7.2% | 51 | 1283 |
| 9 | HS 260111 | Iron ores and concentrates: non-agglomerated | $6.4B | +8.3% | 21 | 5804 |
| 10 | HS 848620 | Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits | $12.1B | +11.3% | 36 | 2355 |
| 11 | HS 851712 | Telephones for cellular networks or for other wireless networks | $6.6B | +10.3% | 106 | 5145 |
| 12 | HS 870323 | Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $4.9B | +12.6% | 51 | 3678 |
| 13 | HS 851770 | Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $3.4B | +9.6% | 93 | 6066 |
| 14 | HS 271112 | Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $3.4B | +6.0% | 17 | 5500 |
| 15 | HS 847330 | Machines: parts and accessories of automatic data processing, magnetic or optical readers, digital processing units | $5.1B | +5.9% | 99 | 3491 |
| 16 | HS 270119 | Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated | $2.1B | +17.2% | 18 | 6692 |
| 17 | HS 282520 | Lithium oxide and hydroxide | $1.6B | +26.5% | 20 | 7441 |
| 18 | HS 848690 | Machines and apparatus of heading 8486: parts and accessories | $4.4B | +25.9% | 62 | 1905 |
| 19 | HS 854430 | Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships | $2.5B | +21.8% | 72 | 4129 |
| 20 | HS 847130 | Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $3.1B | +6.5% | 86 | 5374 |
| 21 | HS 870340 | Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power | $2.8B | +26.7% | 25 | 2716 |
| 22 | HS 282590 | Inorganic bases, metal oxides, hydroxides and peroxides: n.e.s. in heading no. 2825 | $1.5B | +19.2% | 39 | 8768 |
| 23 | HS 285390 | Phosphides, chemically defined or not, not ferrophosphorus: other inorganic compounds n.e.c. (including distilled, conductivity water and water of like purity): liquid air, rare gases removed or not: compressed air: amalgams, not precious metal amalgams | $1.3B | +27.9% | 39 | 9012 |
| 24 | HS 730890 | Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $1.9B | +12.9% | 55 | 7827 |
| 25 | HS 870380 | Vehicles: with only electric motor for propulsion | $1.8B | +30.6% | 30 | 4346 |
| 26 | HS 382499 | Chemical products, mixtures and preparations: n.e.c. heading 3824 | $2.2B | +24.3% | 80 | 2835 |
| 27 | HS 851762 | Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $2.6B | +19.0% | 95 | 2396 |
| 28 | HS 260300 | Copper ores and concentrates | $4.7B | +8.6% | 39 | 1801 |
| 29 | HS 284190 | Salts of oxometallic or peroxometallic acids: n.e.c. in heading no. 2841 | $1.1B | +18.8% | 35 | 7564 |
| 30 | HS 999999 | Commodities not specified according to kind | $816.2M | +35.5% | 1 | 10000 |
| 31 | HS 853400 | Circuits: printed | $2.7B | +9.8% | 71 | 2555 |
| 32 | HS 020130 | Meat: of bovine animals, boneless cuts, fresh or chilled | $1.1B | +20.7% | 10 | 6005 |
| 33 | HS 680293 | Granite: articles thereof, (other than simply cut or sawn, with a flat or even surface) | $830.9M | +18.7% | 21 | 9875 |
| 34 | HS 271019 | Not reported | $5.6B | +4.7% | 95 | 1071 |
| 35 | HS 880230 | Aeroplanes and other aircraft: of an unladen weight exceeding 2000kg but not exceeding 15,000kg | $1.1B | +8.1% | 4 | 8867 |
| 36 | HS 850440 | Electrical static converters | $2.2B | +9.9% | 99 | 2455 |
| 37 | HS 950300 | Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds | $1.1B | +8.6% | 101 | 7954 |
| 38 | HS 740311 | Copper: refined, unwrought, cathodes and sections of cathodes | $2.5B | +4.0% | 18 | 2844 |
| 39 | HS 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $3.8B | +13.4% | 95 | 997 |
| 40 | HS 611030 | Jerseys, pullovers, cardigans, waistcoats and similar articles: of man-made fibres, knitted or crocheted | $1.0B | +14.1% | 92 | 5574 |
| 41 | HS 854140 | Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $2.2B | +9.0% | 72 | 2497 |
| 42 | HS 852990 | Reception and transmission apparatus: for use with the apparatus of heading no. 8525 to 8528, excluding aerials and aerial reflectors | $2.0B | +4.9% | 88 | 3372 |
| 43 | HS 260700 | Lead ores and concentrates | $1.7B | +13.5% | 26 | 2268 |
| 44 | HS 732690 | Iron or steel: articles n.e.s. in heading no. 7326 | $1.5B | +9.3% | 111 | 3153 |
| 45 | HS 847150 | Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units | $2.5B | +5.1% | 72 | 2060 |
| 46 | HS 210690 | Food preparations: n.e.s. in item no. 2106.10 | $1.7B | +9.7% | 115 | 2319 |
| 47 | HS 760110 | Aluminium: unwrought, (not alloyed) | $2.7B | +3.4% | 30 | 1994 |
| 48 | HS 282540 | Nickel oxides and hydroxides | $604.3M | +16.4% | 17 | 9939 |
| 49 | HS 020230 | Meat: of bovine animals, boneless cuts, frozen | $1.5B | +6.1% | 19 | 4443 |
| 50 | HS 721049 | Iron or non-alloy steel: flat-rolled, width 600mm or more, (not corrugated), plated or coated with zinc (not electrolytically) | $842.7M | +7.2% | 26 | 7936 |

## Supply Gaps

Products with higher supplier concentration may deserve closer continuity and sourcing review. This is a screening signal, not a recommendation by itself.

## Method

Reported trade observations and calculated indicators are shown separately. Validate suppliers, tariffs, standards, logistics, pricing, and continuity before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.