10 Surprising Korean Exports You Didn't Know About
How much do you know about Korea? What about their strongest industries? Here are the top 10 exports from Korea: how many did you expect?
10. Metal Products
$11.1B of products like steel beams, pipes, wire rods & automotive steel was exported out of Korea in 2013. They're not products you see on store shelves, but are huge drivers for Korea's economy.
9. Iron and Steel
Aside from finished or semi-finished iron/steel products, Korea also exported $22.2B of raw iron & steel this past year.
8. Organic Chemicals
They just seem like a bunch of letters and numbers to you & I, these chemicals are practically the building blocks of materials like lubricants, plastics & explosives. $24.8B was exported last year.
Plastic is almost literally everywhere. It's a huge market, especially when you think of the scale in which factories pump out plastic products. Plastics made up $31.1B of Korea's exports in 2013.
6. Ship & Boats
Being a peninsula, it makes sense that Korea is a large producer of ships, exporting $35.8B last year. Large companies like Samsung and Hyundai make for a large chunk of that sum.
5. Optical, Technical and Medical Apparatus
Total exports in 2013 amount to $35.9B. Next time you step into the hospital or your eye doctor's office, you'll likely see some Korean equipment!
4. Mineral Fuels, Including Oil
Korea has exported minerals like coal, peat, petroleum, crude oils and even electrical energy amounting to $54B in 2013.
From agricultural to manufacturing machinery, Korea's machine exports in the past year amounted to $59B.
2. Vehicles (Excluding Cars and Trains)
$72.7B worth of vehicles were exported from Korea in 2013, and that's not counting cars. Manufacturers like Hyundai, Kia and even Samsung export a significant amount of vehicles internationally.
1. Electronic Equipment
$135.5B of electronic equipment, including consumer electronics were exported from Korea last year. With massive brands like Samsung, LG and Hitachi, this doesn't come as much of a surprise.
Honorable Mention: K-pop
K-pop is taking the world by storm, but in an economic perspective, K-pop exports amount to $235M, contributing less than 1% Korea's exports. Either way, it doesn't make it any less awesome!