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South Korea relies heavily on international trade, with China as their biggest export partner at 23% followed by the United States at 11%. South Korea's top exports include refined petroleum, integrated circuits, cars, ships, and LCDs. While South Korea exports many goods, it also imports resources such as crude petroleum, petroleum gas, integrated circuits, refined petroleum, and coal briquettes to support domestic needs.
South Korea relies heavily on international trade, with China as their biggest export partner at 23% followed by the United States at 11%. South Korea's top exports include refined petroleum, integrated circuits, cars, ships, and LCDs. While South Korea exports many goods, it also imports resources such as crude petroleum, petroleum gas, integrated circuits, refined petroleum, and coal briquettes to support domestic needs.
South Korea relies heavily on international trade, with China as their biggest export partner at 23% followed by the United States at 11%. South Korea's top exports include refined petroleum, integrated circuits, cars, ships, and LCDs. While South Korea exports many goods, it also imports resources such as crude petroleum, petroleum gas, integrated circuits, refined petroleum, and coal briquettes to support domestic needs.
South Korea is great at trading with other countries. Most
of their money is gained from trade and is ranked 5 with 1.73.625 as their ECI. Export China is South Koreas biggest exporting partners. 23% of their exporting is associated with the Chinese. 11% for the US, 6.9% for Japan and 4.8% for Hong Kong. Australia is placed 12 th on their most exported list. The top 5 things that these countries generally see as value for trade might want (from South Korea) is: refined petroleum, integrated circuits, cars, passenger and cargo ships and LCDs.
Imports South Korea has many resources to export despite this, other resources are needed. These things include: Crude Petroleum, Petroleum Gas, Integrated Circuits, Refined Petroleum and Coal Briquettes.