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Import Duties from South Korea to European Union

European Union import duty rates for goods originating in South Korea. EU-Korea FTA provides preferential tariff access.

FTA Status

Active โœ“

Duty basis

CIF

VAT

20%

Tariff system

EU TARIC

EU-Korea FTA

In force since 2011

Active

0% duty on virtually all industrial goods. Automotive tariffs fully eliminated.

South Korea โ†’ European Union Trade Highlights

  • โ†’EU-Korea FTA was the EU's first FTA with an Asian country
  • โ†’Auto tariffs fully eliminated (was 10% โ†’ 0% after 5-year phase-out)
  • โ†’Electronics and chemicals also benefit from tariff elimination
  • โ†’Strong rules of origin โ€” substantial transformation required
  • โ†’South Korea is the EU's 8th-largest trading partner

Key Products: South Korea โ†’ European Union

European Union MFN rates ยท CIF basis ยท click for full breakdown

ProductHS CodeMFN DutyFTA Rate
Passenger Cars87036.5%CETA/JEFTA: 0%Details โ†’
Automotive Parts & Components87083.7%CETA/JEFTA: 0%Details โ†’
Tyres & Pneumatic Tyres40114.5%โ€”Details โ†’
Steel Flat Products7208โ€“72110โ€“4%โ€”Details โ†’
Electronic Components8534 / 85420%โ€”Details โ†’

How Import Duty Is Calculated

1

CIF value

Product cost + international freight + insurance

2

Import duty (tariff rate)

MFN rate applies, or preferential rate under EU-Korea FTA if rules of origin are met

3

VAT (20%)

Charged on CIF value + duty. Collected at customs clearance.

Use our Import Duty Calculator or Landed Cost Calculator for a full cost breakdown.