Semiconductors Export of South Korea in 2024: A Detailed Analysis of the Top Trade Partners and Values

The semiconductor export of South Korea has been long ranked as one of the crucial trade sectors fostering the annual revenue rate of the nation. The main factor that has been driving the South Korean semiconductor industry is the strong domestic market. The highly developed technology sector and the advanced research and development capacities have been fuelling the authorities for the production of cutting-edge semiconductors as per globally demanded acquisitions. The majority of the semiconductor exports of South Korea are made out of memory chips such as DRAM and NAND flash memory, which are the top demand in the international trade market.

The continuous investment in research and development, along with government support and federal policies, has resulted in an export trade value of semiconductors worth 120 billion US dollars in 2024, from a staggering increase in the rate of exports from 2019 worth 99 billion US dollars. Import Globals with South Korea Import Data gives a detailed analysis of the semiconductors exported by the nation to importers demanding huge amounts. The overall trade details help the business owners acknowledge the potential marketing trade regions that can be adopted for a beneficial growth rate in future trade.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF SEMICONDUCTORS FROM SOUTH KOREA IN 2024

The promotion of research and development and the heavy investment in authorities have offered tax incentives and funding for the R&D process establishing research centers and facilities while increasing the competitiveness of the semiconductor export of South Korea. The expansion of free trade agreements has not only reduced the trade barriers but has also provided preferential treatment for Korean exporters while fostering competitiveness in the international markets.

The initiatives implemented for supporting small and medium enterprises like financial assistance for programs such as interest loans grants support to export efforts. The overseas marketing export dedicated to promoting Korean-made semiconductors around the world with local companies have been facilitating business opportunities through trade shows and other events.

THE LEADING VARIANTS OF SEMICONDUCTORS EXPORTED FROM SOUTH KOREA IN 2024

South Korea has started actively trading semiconductors to counter the trade rate positively. According to the South Korea Export Data, the top 10 leading variants of semiconductors exported from the nation in 2024 are,

  • Dynamic Random Access Memory (DRAM) — The export trade value of Dynamic Random Access Memory (DRAM) from South Korea in 2024–32 billion US dollars
  • Flash Memory — The export trade value of Flash Memory from South Korea in 2024–24 billion US dollars
  • System-on-Chip (SoC) — The export trade value of System-on-Chip (SoC) from South Korea in 2024–18 billion US dollars
  • Microcontrollers — The export trade value of Microcontrollers from South Korea in 2024–12 billion US dollars
  • Logic Integrated Circuits (ICs) — The export trade value of Logic Integrated Circuits (ICs) from South Korea in 2024–10 billion US dollars
  • Image Sensors– The export trade value of Image Sensors from South Korea in 2024 –8 billion US dollars
  • Communication ICs — The export trade value of Communication ICs from South Korea in 2024–7 billion US dollars
  • Optoelectronics — The export trade value of Optoelectronics from South Korea in 2024–6 billion US dollars
  • Display Drivers — The export trade value of Display Drivers from South Korea in 2024–5 billion US dollars
  • Power Electronics — The export trade value of Power Electronics from South Korea in 2024–4 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF SOUTH KOREA FOR SEMICONDUCTORS IN 2024

South Korea, being an active trader in the global semiconductor industry, has built up a stable bilateral trade relationship with most of the regions, having cost-effective strategies. According to the South Korea Customs Data, the top 10 leading export trade partners of the nation for semiconductors in 2024 are

  • China — The annual export trade value of semiconductors from South Korea to China in 2024–24 billion US dollars

Top 5 variants of semiconductors exported

1. Silicon (Si)

2. Germanium (Ge)

3. Gallium Arsenide (GaAs)

4. Silicon Carbide (SiC)

5. Gallium Nitride (GaN)

  • United States — The annual export trade value of semiconductors from South Korea to the United States in 2024–16 billion US dollars

Top 5 variants of semiconductors exported

1. Indium Phosphide (InP)

2. Zinc Oxide (ZnO)

3. Cadmium Selenide (CdSe)

4. Cadmium Telluride (CdTe)

5. Indium Gallium Zinc Oxide (IGZO)

  • Taiwan — The annual export trade value of semiconductors from South Korea to Taiwan in 2024–12 billion US dollars

Top 5 variants of semiconductors exported

1. Standard PN Junction Diode

2. Zener Diode

3. Schottky Diode

4. Light Emitting Diode (LED)

5. Laser Diode

  • Hong Kong — The annual export trade value of semiconductors from South Korea to Hong Kong in 2024–10 billion US dollars

Top 5 variants of semiconductors exported

1. Photodiode

2. Tunnel Diode

3. Avalanche Diode

4. Varactor Diode

5. PIN Diode

  • Japan — The annual export trade value of semiconductors from South Korea to Japan in 2024–8 billion US dollars

Top 5 variants of semiconductors exported

1. Bipolar Junction Transistor (BJT)

2. NPN Transistor

3. PNP Transistor

4. Field Effect Transistor (FET)

5. MOSFET (Metal–Oxide–Semiconductor FET)

  • Germany — The annual export trade value of semiconductors from South Korea to Germany in 2024–7 billion US dollars

Top 5 variants of semiconductors exported

1. Digital IC

2. Analog IC

3. Mixed-Signal IC

4. Linear IC

5. Microprocessor

  • Malaysia — The annual export trade value of semiconductors from South Korea to Malaysia in 2024–6 billion US dollars

Top 5 variants of semiconductors exported

1. DRAM (Dynamic RAM)

2. SRAM (Static RAM)

3. Flash Memory

4. EEPROM (Electrically Erasable Programmable ROM)

5. EPROM (Erasable Programmable ROM)

  • Singapore — The annual export trade value of semiconductors from South Korea to Singapore in 2024–5 billion US dollars

Top 5 variants of semiconductors exported

1. Power MOSFET

2. Power IGBT

3. Thyristor

4. TRIAC

5. DIAC

  • Netherlands — The annual export trade value of semiconductors from South Korea to the Netherlands in 2024–4 billion US dollars

Top 5 variants of semiconductors exported

1. Hall Effect Sensor

2. Temperature Sensor (e.g., LM35)

3. Pressure Sensor

4. Proximity Sensor

5. Accelerometer (MEMS)

  • Vietnam — The annual export trade value of semiconductors from South Korea to Vietnam in 2024–3 billion US dollars

Top 5 variants of semiconductors exported

1. Quantum Dot Semiconductor

2. Perovskite Semiconductor

3. Organic Semiconductor

4. 2D Semiconductor

5. Topological Insulators

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