u.s./south korea trade – both for the u.s. and the alliance region prepared by itts january, 2011
TRANSCRIPT
U.S./South Korea Trade – Both for the U.S. and the Alliance Region
Prepared by ITTSJanuary, 2011
Total U.S.-South Korea Trade, 1998-2009 (billions of dollars)
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 20090
10
20
30
40
50
60
Imports Exports
Top Imports Commodities from South Korea to the U.S., 2007-2009 (in millions of dollars)
Description 2007 2008 2009
HS Code TOTAL ALL COMMODITIES 47,562 48,076 39,235
85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 13,350 15,410 14,247
87 Vehicles, Except Railway Or Tramway, And Parts Etc 10,567 9,681 7,191
84 Industrial Machinery, Including Computers 7,790 7,434 6,745
27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax 4,000 2,153 1,648
73 Articles Of Iron Or Steel 1,329 1,907 1,065
90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 761 1,082 898
40 Rubber And Articles Thereof 997 1,133 874
39 Plastics And Articles Thereof 926 943 809
72 Iron And Steel 1,012 1,415 714
29 Organic Chemicals 785 1,052 592
Top U.S. Export Commodities to South Korea, 2007-2009 (in millions of dollars)
Description 2007 2008 2009
HS Code TOTAL ALL COMMODITIES 34,645 34,807 28,640
85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 5,995 5,325 4,600
84 Industrial Machinery, Including Computers 5,521 5,179 4,427
90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 2,997 2,485 1,901
88 Aircraft, Spacecraft, And Parts Thereof 3,281 2,268 1,844
29 Organic Chemicals 2,270 1,751 1,438
10 Cereals 1,216 2,766 1,434
27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax 779 1,105 1,185
72 Iron And Steel 644 1,364 1,041
39 Plastics And Articles Thereof 984 1,020 854
28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 662 695 621
Ranking of Top State Exports to South Korea, 2009 (by dollars)
California
Texas
WashingtonLouisianaNew York
New JerseyOregon
PennsylvaniaIllinois
Massachusetts
Other States
Top Gateways for U.S.-South Korean Trade, 2009 (in millions of dollars)
Total Exports Total Imports Total Trade
Long Beach, Calif. 3,397 Chicago, Illinois 6,605 Chicago, Illinois 7,913
J.F.K. Int. Airport, N.Y. 2,225 Los Angeles, Calif. 5,706 Los Angeles, Calif. 7,646
Dallas-Fort Worth, Texas 2,053 Long Beach, Calif. 2,993 Long Beach, Calif. 6,390
L.A. Int. Airport, Calif. 2,038 Anchorage, Alaska 2,477 Anchorage, Alaska 3,917
Los Angeles, Calif. 1,940 Newark, N.J. 2,280Dallas-Fort Worth, Texas 3,837
S.F. Int. Airport, Calif. 1,575 S.F. Int. Airport, Calif. 1,872 S.F. Int. Airport, Calif. 3,446
Houston, Texas 1,446 Dallas-Fort Worth, Texas 1,784 L.A. Int. Airport, Calif. 3,030
Anchorage, Alaska 1,440 Tacoma, Wash. 1,434 J.F.K. Int. Airport, N.Y. 2,777
Chicago, Illinois 1,308 Brunswick, Ga. 1,060 Tacoma, Wash. 2,492
Tacoma, Wash. 1,057 Seattle, Wash. 1,033 Houston, Texas 2,465
Total Alliance Region Trade with South KoreaBased on Shipment of Origin Information
Ranking of Alliance Region Exports to South Korea by State, 2009 (by dollars)
Louisiana
North CarolinaGeorgia
Tennessee
Kentucky
Florida
Alabama
Virginia
South CarolinaArkansas West Virginia Mississippi
Top Exports from Firms in the Alliance Region, 2007-2009 (in millions of dollars)
2007 2008 2009
HS Code TOTAL ALL COMMODITIES 4,447 4,956 4,454
10 Cereals 303 673 526
84 Industrial Machinery, Including Computers 542 540 401
90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 407 298 324
29 Organic Chemicals 393 394 310
39 Plastics And Articles Thereof 413 426 290
85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 347 337 281
12 Oil Seeds Etc.; Misc Grain, Seed, Fruit, Plant Etc 166 199 231
27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax 52 153 216
28 Inorg Chem; Prec & Rare-Earth Met & Radioact Compd 232 183 186
72 Iron And Steel 50 131 165
Total Alliance Region Trade with South KoreaBased on Shipments through Gateway (Ports and Airports)
Total Alliance Region Gateway Trade with South Korea, 2003-2009
2003 2004 2005 2006 2007 2008 20090
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Imports Exports
Total Alliance Region Gateway Export Commodities to South Korea, 2007-2009 (in millions of dollars)
Description 2007 2008 2009
HS Code TOTAL ALL COMMODITIES 2,270 2,702 2,635
10 Cereals 338 690 559
27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax 117 178 242
12 Oil Seeds Etc.; Misc Grain, Seed, Fruit, Plant Etc 163 192 224
72 Iron And Steel 82 112 204
29 Organic Chemicals 405 284 198
85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 153 155 169
23 Food Industry Residues & Waste; Prep Animal Feed 35 78 139
84 Industrial Machinery, Including Computers 145 90 109
90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 95 79 93
47 Wood Pulp Etc; Recovd (Waste & Scrap) Ppr & Pprbd 73 74 89
Total Alliance Region Gateway Import Commodities from South Korea, 2007-2009 (in millions of dollars)
Description 2007 2008 2009
HS Code TOTAL ALL COMMODITIES 4,404 4,421 3,432
87 Vehicles, Except Railway Or Tramway, And Parts Etc 2,518 2,217 1,402
84 Industrial Machinery, Including Computers 352 415 453
27 Mineral Fuel, Oil Etc.; Bitumin Subst; Mineral Wax 247 334 428
85 Electric Machinery Etc; Sound Equip; Tv Equip; Pts 427 365 314
72 Iron And Steel 221 291 254
29 Organic Chemicals 59 150 109
73 Articles Of Iron Or Steel 83 133 77
40 Rubber And Articles Thereof 70 93 72
90 Optic, Photo Etc, Medic Or Surgical Instrments Etc 26 46 41
55 Manmade Staple Fibers, Incl Yarns & Woven Fabrics 51 55 36
Top Regional Gateways for U.S.-South Korean Trade, 2009 (in millions of dollars)
Total Exports Total Imports Total Trade
TOTAL ALL PORTS 2,635 TOTAL ALL PORTS 3,432 TOTAL ALL PORTS 6,067
New Orleans, La. 761
Brunswick, Ga. 1,060 New Orleans, La. 1,298
Gramercy, La. 679
Mobile, Ala. 597 Brunswick, Ga. 1,090
Norfolk, Va. 340
New Orleans, La. 537 Mobile, Ala. 688
Baton Rouge, La. 223
Pt. Everglades, Florida 296 Gramercy, La. 680
Wilmington, N.C. 94
Charleston, S.C. 178 Norfolk, Va. 512
Mobile, Ala. 91
Norfolk, Va. 172 Baton Rouge, La. 312
Charleston, S.C. 91
Wilmington, N.C. 138 Pt. Everglades, Florida 300
Norfolk/Mobile/Charleston 75
Miami Int. Airport, Fla. 94 Charleston, S.C. 268
Lake Charles, La. 51
Baton Rouge, La. 90 Wilmington, N.C. 232
Durham, N.C. 50
Miami, Florida 86 Miami Int. Airport, Fla. 140
State ProfilesThese slides highlight trade between the Alliance States and South Korea
Total Alabama Exporters to South Korea
Top Commodities– Optic, Photo Etc,
Medic Or Surgical Instrments Etc
– Iron And Steel – Plastics And Articles
Thereof – Wood Pulp Etc; Recovd
(Waste & Scrap) Ppr & Pprbd
– Industrial Machinery, Including Computers
19961998
20002002
20042006
20080
100
200
300
400
500
600
Growth of AL firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Alabama goods by dollar value
Mobile, Ala.Savannah, Ga.Long Beach, Calif.Los Angeles, Calif.Atlanta, Ga.Anchorage, AlaskaNew Orleans, La.Cleveland, OhioWashington, D.C.J.F.K. Int. Airport, N.Y.Other
Total Arkansas Exporters to South Korea
Top Commodities– Organic Chemicals– Meat And Edible Meat
Offal – Industrial Machinery,
Including Computers – Electric Machinery Etc;
Sound Equip; Tv Equip; Pts
– Paper & Paperboard & Articles (Inc Papr Pulp Artl)
19961998
20002002
20042006
20080
20
40
60
80
100
120
140
160
Growth of AR firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Arkansas goods by dollar value
Los Angeles, Calif.Long Beach, Calif.Tacoma, Wash.Savannah, Ga.Oakland, Calif.Houston, TexasChicago, IllinoisAtlanta, Ga.Dallas-Fort Worth, TexasSeattle, Wash.other
Total Florida Exporters to South Korea
Top Commodities– Industrial Machinery,
Including Computers – Optic, Photo Etc,
Medic Or Surgical Instrments Etc
– Iron And Steel – Plastics And Articles
Thereof – Leather Art; Saddlery
Etc; Handbags Etc; Gut Art
19961998
20002002
20042006
20080
50100150200250300350400450500
Growth of Florida firms exports to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Florida goods by dollar value
Atlanta, Ga.Savannah, Ga.Miami Int. Airport, Fla.Miami, FloridaNew York, N.Y.J.F.K. Int. Airport, N.Y.New Orleans, La.Tampa, Fla.Chicago, IllinoisJacksonville, Fla.other
Total Georgia Exporters to South Korea
Top Commodities– Industrial Machinery,
Including Computers – Aircraft, Spacecraft, And
Parts Thereof – Wood Pulp Etc; Recovd
(Waste & Scrap) Ppr & Pprbd
– Optic, Photo Etc, Medic Or Surgical Instrments Etc
– Salt; Sulfur; Earth & Stone; Lime & Cement Plaster 1996
19982000
20022004
20062008
0
100
200
300
400
500
600
Growth of GA firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Georgia goods by dollar value
Savannah, Ga.Atlanta, Ga.Anchorage, AlaskaLong Beach, Calif.Chicago, IllinoisJ.F.K. Int. Airport, N.Y.Los Angeles, Calif.New Orleans, La.Oakland, Calif.L.A. Int. Airport, Calif.other
Total Louisiana Exporters to South Korea
Top Commodities– Cereals – Oil Seeds Etc.; Misc
Grain, Seed, Fruit, Plant Etc
– Organic Chemicals – Mineral Fuel, Oil Etc.;
Bitumin Subst; Mineral Wax
– Food Industry Residues & Waste; Prep Animal Feed
19961998
20002002
20042006
20080
200
400
600
800
1000
1200
1400
1600
Growth of LA firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Louisiana goods by dollar value
Gramercy, La.New Orleans, La.Baton Rouge, La.Los Angeles, Calif.Lake Charles, La.Long Beach, Calif.Houston, TexasSavannah, Ga.Atlanta, Ga.Dallas-Fort Worth, Texasother
Total Kentucky Exporters to South Korea
Top Commodities– Inorg Chem; Prec &
Rare-Earth Met & Radioact Compd
– Industrial Machinery, Including Computers
– Plastics And Articles Thereof
– Pharmaceutical Products
– Electric Machinery Etc; Sound Equip; Tv Equip; Pts
19961998
20002002
20042006
20080
50100150200250300350400450500
Growth of KY firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Kentucky goods by dollar value
Savannah, Ga.Chicago, IllinoisLos Angeles, Calif.Tacoma, Wash.Norfolk, Va.Long Beach, Calif.Anchorage, AlaskaNashville, Tenn.L.A. Int. Airport, Calif.Houston, Texasother
Total Mississippi Exporters to South Korea
Top Commodities– Tanning & Dye Ext Etc;
Dye, Paint, Putty Etc; Inks
– Organic Chemicals – Industrial Machinery,
Including Computers – Wood Pulp Etc; Recovd
(Waste & Scrap) Ppr & Pprbd
– Electric Machinery Etc; Sound Equip; Tv Equip; Pts
19961998
20002002
20042006
20080
10
20
30
40
50
60
70
80
Growth of MS firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Mississippi goods by dollar value
Los Angeles, Calif.
Savannah, Ga.
Long Beach, Calif.
Memphis, Tenn.
Pascagoula, Miss.
Mobile, Ala.
Atlanta, Ga.
Anchorage, Alaska
Chicago, Illinois
Vicksburg, Ms (Incl. Jackson Municipal A
other
Total North Carolina Exporters to South Korea
Top Commodities– Electric Machinery Etc;
Sound Equip; Tv Equip; Pts
– Industrial Machinery, Including Computers
– Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin
– Plastics And Articles Thereof
– Pharmaceutical Products 1996
19982000
20022004
20062008
0
100
200
300
400
500
600
700
Growth of MS firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for North Carolina goods by dollar value
Norfolk, Va.Wilmington, N.C.New Orleans, La.Atlanta, Ga.Durham, N.C.Anchorage, AlaskaSavannah, Ga.Los Angeles, Calif.J.F.K. Int. Airport, N.Y.Long Beach, Calif.other
Total South Carolina Exporters to South Korea
Top Commodities– Industrial Machinery,
Including Computers – Optic, Photo Etc, Medic
Or Surgical Instrments Etc
– Wood Pulp Etc; Recovd (Waste & Scrap) Ppr & Pprbd
– Vehicles, Except Railway Or Tramway, And Parts Etc
– Chemicals 1996
19982000
20022004
20062008
0
50
100
150
200
250
300
Growth of SC firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for South Carolina goods by dollar value
Charleston, S.C.Savannah, Ga.Atlanta, Ga.Long Beach, Calif.Wilmington, N.C.J.F.K. Int. Airport, N.Y.New York, N.Y.New Orleans, La.Chicago, IllinoisMobile, Ala.other
Total Tennessee Exporters to South Korea
Top Commodities– Optic, Photo Etc, Medic
Or Surgical Instrments Etc
– Vehicles, Except Railway Or Tramway, And Parts Etc
– Pharmaceutical Products – Tanning & Dye Ext Etc;
Dye, Paint, Putty Etc; Inks – Plastics And Articles
Thereof 1996
19982000
20022004
20062008
050
100150200250300350400450500
Growth of TN firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Tennessee goods by dollar value
Savannah, Ga.Long Beach, Calif.Los Angeles, Calif.Chicago, IllinoisAnchorage, AlaskaNew Orleans, La.Atlanta, Ga.Tacoma, Wash.Washington, D.C.Mobile, Ala.other
Total West Virginia Exporters to South Korea
Top Commodities– Plastics And Articles
Thereof – Organic Chemicals – Mineral Fuel, Oil Etc.;
Bitumin Subst; Mineral Wax
– Nickel And Articles Thereof
– Ceramic Products 1996
19982000
20022004
20062008
0
20
40
60
80
100
120
140
160
Growth of WV firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for West Virginia goods by dollar value
Los Angeles, Calif.Norfolk, Va.Long Beach, Calif.Norfolk/Mobile/CharlestonOakland, Calif.J.F.K. Int. Airport, N.Y.New York, N.Y.Chicago, IllinoisTacoma, Wash.Newark, N.J.other
Total Virginia Exporters to South Korea
Top Commodities– Mineral Fuel, Oil Etc.;
Bitumin Subst; Mineral Wax
– Electric Machinery Etc; Sound Equip; Tv Equip; Pts
– Paper & Paperboard & Articles (Inc Papr Pulp Artl)
– Industrial Machinery, Including Computers
– Plastics And Articles Thereof 1996
19982000
20022004
20062008
0
50
100
150
200
250
300
350
400
Growth of VA firms shipping to South Korea
Mill
ions
of U
.S. D
olla
rs
Top ports of exit for Virginia goods by dollar value
Norfolk, Va.Norfolk/Mobile/CharlestonNew Orleans, La.J.F.K. Int. Airport, N.Y.Long Beach, Calif.Atlanta, Ga.Wilmington, N.C.S.F. Int. Airport, Calif.Chicago, IllinoisWashington, D.C.other