South Korea exports: November 2024
Monthly report, generated from Korea Customs Service statistics
In November 2024, South Korea exported $56.26 billion of goods, down 2.1% from October 2024 and up 1.3% from November 2023.
The three largest destinations were China ($11.28 billion, 20.0%), the United States ($10.37 billion, 18.4%), Vietnam ($5.14 billion, 9.1%).
Compared with November 2023, the largest increases in export value by destination were Taiwan (+$1.56 billion), Liberia (+$496.0 million), Vietnam (+$229.8 million).
The largest decreases by destination were the United States (-$573.0 million), the Marshall Islands (-$348.1 million), Hong Kong (-$327.8 million).
Within the top 10 destinations, Taiwan moved from 6th to 4th, Hong Kong moved from 4th to 6th compared with November 2023.
Top destinations
| Rank | Country | Exports | Share | vs October 2024 | vs November 2023 | Rank a year earlier |
|---|---|---|---|---|---|---|
| 1 | China | $11.28B | 20.0% | -7.2% | -0.4% | 1 |
| 2 | United States | $10.37B | 18.4% | -0.2% | -5.2% | 2 |
| 3 | Vietnam | $5.14B | 9.1% | -1.7% | +4.7% | 3 |
| 4 | Taiwan | $3.25B | 5.8% | -7.8% | +92.3% | 6 |
| 5 | Japan | $2.49B | 4.4% | +2.8% | -2.0% | 5 |
| 6 | Hong Kong | $2.43B | 4.3% | +9.7% | -11.9% | 4 |
| 7 | Singapore | $1.57B | 2.8% | +12.0% | -7.1% | 7 |
| 8 | India | $1.45B | 2.6% | -3.9% | -4.6% | 8 |
| 9 | Australia | $1.20B | 2.1% | +12.0% | -13.3% | 9 |
| 10 | Mexico | $980.0M | 1.7% | -12.9% | -6.7% | 10 |
| 11 | Malaysia | $855.4M | 1.5% | -17.6% | -9.0% | 11 |
| 12 | Philippines | $841.5M | 1.5% | -11.4% | +11.0% | 15 |
| 13 | Liberia | $755.3M | 1.3% | +196.2% | +191.3% | 34 |
| 14 | France | $736.9M | 1.3% | +140.2% | +40.4% | 20 |
| 15 | Türkiye | $703.8M | 1.3% | -4.7% | +5.0% | 17 |
Largest changes by destination
Change in export value compared with November 2023, ranked by dollar amount.
| Country | November 2024 | November 2023 | Change | % |
|---|---|---|---|---|
| Taiwan | $3.25B | $1.69B | +$1.56B | +92.3% |
| Liberia | $755.3M | $259.3M | +$496.0M | +191.3% |
| Vietnam | $5.14B | $4.91B | +$229.8M | +4.7% |
| Greece | $249.2M | $30.5M | +$218.7M | +717.8% |
| Bermuda | $211.9M | $25K | +$211.9M | +847,551% |
| Country | November 2024 | November 2023 | Change | % |
|---|---|---|---|---|
| United States | $10.37B | $10.94B | -$573.0M | -5.2% |
| Marshall Islands | $363K | $348.4M | -$348.1M | -99.9% |
| Hong Kong | $2.43B | $2.75B | -$327.8M | -11.9% |
| Germany | $616.6M | $858.2M | -$241.6M | -28.2% |
| Australia | $1.20B | $1.39B | -$184.9M | -13.3% |
Chapters
The 20 largest of 96 HS chapters by export value this month.
Compared with November 2023, the largest increases in export value by chapter were Electrical machinery and electronics (HS 85) (+$2.27 billion), Ships and boats (HS 89) (+$1.06 billion), Pharmaceutical products (HS 30) (+$230.6 million).
The largest decreases by chapter were Vehicles, parts and accessories (HS 87) (-$1.04 billion), Mineral fuels, oils and their products (HS 27) (-$833.2 million), Machinery, boilers and computers (HS 84) (-$320.4 million).
Imports in November 2024 were $50.71 billion (down 2.4% from November 2023), leaving a surplus of $5.56 billion for the month.
Largest changes by 4-digit heading
Change in export value compared with November 2023, ranked by dollar amount.
| Heading | November 2024 | November 2023 | Change | % |
|---|---|---|---|---|
| Electronic integrated circuits (semiconductor chips) | $10.42B | $8.16B | +$2.26B | +27.7% |
| Cargo ships, tankers and passenger ships | $2.40B | $1.33B | +$1.06B | +79.6% |
| Solid-state storage devices, discs and other recording media | $1.21B | $460.9M | +$749.0M | +162.5% |
| Parts and accessories for computers and office machines | $1.58B | $1.04B | +$541.7M | +52.1% |
| Blood products, vaccines and immunological products | $671.9M | $447.9M | +$224.0M | +50.0% |
| Military weapons (artillery, rocket launchers and others) | $132.2M | $9.2M | +$122.9M | +1,329% |
| Beauty, make-up and skin care preparations | $762.4M | $644.0M | +$118.5M | +18.4% |
| Nuclear reactors and fuel elements | $106.7M | $2.3M | +$104.4M | +4,639% |
| Heading | November 2024 | November 2023 | Change | % |
|---|---|---|---|---|
| Passenger cars | $5.45B | $6.34B | -$891.6M | -14.1% |
| Refined petroleum oils | $3.58B | $4.42B | -$841.7M | -19.0% |
| Flat panel display modules | $1.35B | $1.78B | -$426.0M | -24.0% |
| Salts of oxometallic or peroxometallic acids | $368.5M | $628.6M | -$260.2M | -41.4% |
| Rechargeable batteries (electric accumulators) | $658.4M | $893.9M | -$235.5M | -26.3% |
| Cyclic hydrocarbons | $579.7M | $790.2M | -$210.5M | -26.6% |
| Lifts, escalators, conveyors and other handling machinery | $136.2M | $332.0M | -$195.8M | -59.0% |
| Aeroplanes, helicopters and spacecraft | $340K | $174.2M | -$173.9M | -99.8% |
Exports FOB, imports CIF, US dollars. Percentages are left blank when the earlier month was under $10,000. Figures are as downloaded on 2026-11-13; the source can revise them later. Source: Korea Customs Service, via data.go.kr.