United Arab Emirates / South Korea

United Arab Emirates-South Korea Trade: In 2023, United Arab Emirates exported $1.3B to South Korea. The main products that United Arab Emirates exported to South Korea were Refined Petroleum ($423M), Raw Aluminium ($140M), and Scrap Copper ($99.6M). Over the past 5 years the exports of United Arab Emirates to South Korea have decreased at an annualized rate of 32.6%, from $9.34B in 2018 to $1.3B in 2023.

In 2023, United Arab Emirates did not export any services to South Korea.

South Korea-United Arab Emirates Trade: In 2023, South Korea exported $4.63B to United Arab Emirates. The main products that South Korea exported to United Arab Emirates were Cars ($766M), Rolled Tobacco ($363M), and Motor vehicles; parts and accessories (8701 to 8705) ($287M). Over the past 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 4.1%,  from $5.7B in 2018 to $4.63B in 2023.

In 2005, South Korea exported services to United Arab Emirates worth $601M, with Services not allocated ($355M), Transportation ($201M), and Other business services ($42.1M) being the largest in terms of value.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).