Korea ranks 10th on global top-selling product list in 2020

Busan Port / Korea Times file

Korea had 77 top-selling products globally in 2020, placing it 10th in the world, data showed Monday.

The number of top-selling goods was up six from a year earlier, and the country retained the No. 10 spot for the second year running, according to the Korea International Trade Association (KITA).

China had the most items with 1,798, followed by Germany with 668, the United States with 479, Italy with 201 and Japan with 154.

By segment, Korean-made chemicals (29 products) and nonferrous metal products (20) accounted for 63.7 percent of the country's export items with a top global market share.

Polarizing sheets used in making liquid crystal displays, laser equipment and 15 other products newly made the list of Korea's top-selling items, with 11 goods dropping off the list.

Of the new entrants, exports of polarizing sheets came to $2.47 billion in 2020, with overseas shipments of laser equipment amounting to $2.24 billion.

KITA said China outpaced Korea as the top global seller of memory chips thanks mainly to increased production and exports by foreign-invested firms operating in the world's No. 2 economy. (Yonhap)