5 Largest Economies in Asia

4. South Korea

GDP: $1.7 trillion

South Korea is one of Asia’s biggest economies with a GDP of $1.7 trillion and a growth rate of 2.6% in 2022 – which is expected to decline to 1.6% in 2023 due to a slowdown in the U.S. and EU markets. Refined petroleum, parts and machinery of motor vehicles, and integrated circuits remained South Korea’s top exports in 2022. China, the U.S., and Japan were its largest trading partners.