United Arab Emirates / South Korea

United Arab Emirates-South Korea Trade: In 2022, United Arab Emirates exported $14.3B to South Korea. The main products that United Arab Emirates exported to South Korea were Crude Petroleum ($7.97B), Refined Petroleum ($4.55B), and Petroleum Gas ($592M). Over the past 5 years the exports of United Arab Emirates to South Korea have increased at an annualized rate of 9.68%, from $9.01B in 2017 to $14.3B in 2022.

In 2022, United Arab Emirates did not export any services to South Korea.

South Korea-United Arab Emirates Trade: In 2022, South Korea exported $4.17B to United Arab Emirates. The main products that South Korea exported to United Arab Emirates were Cars ($371M), Motor vehicles; parts and accessories (8701 to 8705) ($365M), and Explosive Ammunition ($271M). Over the past 5 years the exports of South Korea to United Arab Emirates have decreased at an annualized rate of 7.17%,  from $6.05B in 2017 to $4.17B in 2022.

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 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).