South Korea Exports YoY

South Korea's economy is an export-oriented economy, with exports accounting for over half of its gross domestic product (GDP). As a result of the US-China trade war, Japan's export limitations, the protests in Hong Kong, and Brexit, the country's exports fell 10.3% to $542.4 billion in 2019, after reaching a record high the year before.  The most dominant export is electromechanical machinery and equipment accounted for 28% of total exports, followed by nuclear reactors, boiler-based machinery & mechanical parts (13%), road vehicles (12%), mineral fuels, mineral oils, bituminous substances (8%), plastics and plastic products (6%) iron and steel (4%), optical, photographic, cinematographic, and measuring (4%) equipment (4%) organic chemicals (4%), and ships and boats (3%). China was the most important destination for South Korean exports (accomplishing 25% of total exports), followed by the United States (14%), Vietnam (9%), Hong Kong (6%), Japan (5%), Taiwan (3%), India (3%), Singapore (2%), Mexico (2%), Malaysia (2%), Germany (2%), and the Philippines  (2%).