Washington Benefits

 

Organizations across Washington are taking advantage of opportunities from the U.S. Korea Free Trade Agreement and the strong relationship between the United States and Korea. Check out the charts below for more information on:

  • Washington's top export items to Korea in 2011
  • Washington’s top import items from Korea in 2011
  • Washington’s top beneficiary export items
  • Washington’s top beneficiary import items

 

Washington's Top Exports to Korea
CommodityExports (2011)
Agricultural products $1.3 billion
Aerospace products and parts $174.8 million
Timber and logs $121 million
Fabricated metal products $116.2 million
Navigational and measuring instruments $ 85.4 million
Petroleum and coal products $ 85.3 million
Paper products $ 81.7 million
Semiconductors and components $ 65.9 million
Preserves and specialty foods $ 49.9 million
Source: United States Census Bureau

 

 

Washington’s Top Imports from Korea
CommodityImports (2011)
Motor vehicles $1.2 billion
Aerospace products and parts $173.6 million
General purpose machinery $ 71.4 million
Petroleum and coal products $ 57.8 million
Iron and steel $ 42.6 million
Electrical equipment $ 25.6 million
Plastics $ 21.7 million
Audio and video equipment $ 19 million
Navigational and measuring instruments $ 17 million
Source: United States Census Bureau

 

Washington’s Top Beneficiary Export Items
CommodityCurrent TariffDuty Free In...
Corn (maize) 328% (TRQ 1.8-3) or 630% (TRQ 1.8) Immediately or after 7 years
Potatoes (frozen) 18% Immediately
Aluminum plates, sheets and strips 8% Over 3 years
Passenger motor vehicles 8% After 5 years
Cherries (fresh) 24% Immediately
Plastic office and school supplies 6.5% Immediately
Parts of electrical machines 0 or 8% Immediately
Insulated ignition wiring sets 8% Immediately
Source: Korea Customs Service, United States Census Bureau

 

Washington’s Top Beneficiary Import Items
CommodityCurrent TariffDuty Free In...
Passenger motor vehicles 2.5% After 5 years
Static converters 1.5% Immediately
Metal mountings, fittings and similar articles 7.5% Immediately
Plastic plates, sheets and coils with man-made felt 6.5% Over 5 years
Knit sweaters, pullovers and sweatshirts (man-made fibers) 32% Immediately
Synthetic fiber tents 8.8% Immediately
Static converters 2.5% Immediately
Source: Korea Customs Service, United States Census Bureau

 

Tariff rates and elimination schedules on this page may not represent the entire subgroup category of the commodity. For more specific product information, please visit U.S. Customs and Border Protection (www.cbp.gov) or the Korea Customs Service (http://english.customs.go.kr).

Tariff rates and elimination schedules on this page follow the Harmonized System (HS) 2012 code. Note that HS codes were reclassified at the international level in 2012, so this information may be different from that represented in the KORUS FTA text.

For more information on tariffs and tariff elimination schedules, visit www.export.gov.

 

 

Local Resources

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