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Summary of the Economic and Trade Statistics on Korea

  • National Capital: Seoul
     
  • Population: 48.6 million
     
  • Land Area: 98,477 sq km (slightly larger than Indiana)
     
  • GDP: USD 856.9 billion (2007)  - Bank of Korea
     
  • GDP Growth: 5.0% (2007) - Bank of Korea
     
  • Industries: Electronics and electrical products, motor vehicles, shipbuilding, mining and manufacturing, petrochemicals, industrial machinery, textiles, footwear.
     
  • U.S. Exports to Korea: USD 34.8 billion (2008) - U.S. Census Bureau
     
  • U.S. Share of Korean Imports:  8.8% (2008) - Korea International Trade Organization
     
  • Korea's Imports: USD 435.3 billion (2008) - Korea International Trade Organization
  • Korea's Exports: USD 422.0 billion (2008) - Korea International Trade Organization
     
  • U.S. Trade Balance: -USD -13.3 billion (2008) - U.S. Census Bureau
     
  • Korea's Import Trade Partners: China (17.7%), Japan (14%), U.S. (8.8%), Saudi Arabia (7.8%) (2008)  - Korea International Trade Organization