Opportunities for U.S. Exporters Under the U.S.-Korea Trade Agreement
The U.S.-Korea Free Trade Agreement entered into force on March 15, 2012. If you’re an American exporter, here are resources to answer your questions about the U.S.-Korea trade agreement:
• Check out the FTA Tariff Tool to find out the tariff levels for your products, and other information about market access under the agreement.
The United States and the Republic of Korea signed the United States-Korea Free Trade Agreement (KORUS FTA) on June 30, 2007.
Korea Trade Summary
U.S. goods trade with Korea totaled an estimated $197.1 billion in 2024. U.S. goods exports to Korea in 2024 were $65.5 billion, up 0.7 percent ($486 million) from 2023. U.S. goods imports from Korea totaled $131.5 billion in 2024, up 13.3 percent ($15.4 billion) from 2023. The U.S. goods trade deficit with Korea was $66.0 billion in 2024, a 29.2 percent increase ($14.9 billion) over 2023.
Note: FTA entered into force March 15, 2012
