Manufacturing Intelligence Spotlight: KOREA

The biggest opportunities for Canadian companies include key growth sectors, such as: electronics, telecommunications, automotive components and machinery, chemicals, shipbuilding equipment and base metals

GDP: $1.46 trillion (2010 est.)

GDP growth: 6.1% (2010 est.)

GDP per capita: $30,000 (2010 est.)

Population: 48,754,657 (July 2011 est.)

Labour force: 24.75 million (2010 est.)

Products: rice, root crops, barley, vegetables, fruit; cattle, pigs, chickens, milk, eggs; fish

Industry: electronics, wireless telecommunications, automobiles, computers, steel refining, ship building, petrochemicals

Exports: $464.3 billion (2010 est.)

Export Markets: semiconductors, wireless telecommunications equipment, automobiles, computers, steel, ships

Export partners: China (27.9%), U.S. (10.2%), Saudi Arabia (5.2%), Australia (4.9%)

Trade activity with Canada:

Exports to Korea: $3.65B

Major exports to Korea: machinery and nuclear components ($377M), pulp, paper and wood products ($326M), minerals ($1.4B), chemicals ($176.9M), base metals ($441.3M)

Imports from Korea: $6.15B

Major imports: motor vehicles ($2.1B), machinery and electrical components ($1.6B), minerals ($340M), plastics ($300M)

Trade Commissioner
Mr. Young Jin Kim
The Embassy of Canada to the Republic of Korea / Ambassade du Canada en République de Corée
16-1, Jeong-dong, Jung-gu , Seoul, 100-120, Korea, Republic
(011-82-2) 3783-6000 Fax: (011-82-2) 3783-6147 / 3783-6115
yougjin.kim@international.gc.ca

More news on Korea

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Sources: Export Development Canada , Statistics Canada and The CIA World Factbook