Australia / South Korea

Australia-South Korea Trade: In 2023, Australia exported $20.9B to South Korea. The main products that Australia exported to South Korea were Coal Briquettes ($6.9B), Iron Ore ($4.94B), and Crude Petroleum ($1.47B). Over the past 5 years the exports of Australia to South Korea have increased at an annualized rate of 1.01%, from $19.9B in 2018 to $20.9B in 2023.

In 2009, Australia exported services to South Korea worth $1.45B, with Travel ($1.35B), Transportation ($53M), and Other business services ($11.9M) being the largest in terms of value.

South Korea-Australia Trade: In 2023, South Korea exported $18.1B to Australia. The main products that South Korea exported to Australia were Refined Petroleum ($11.1B), Cars ($3.32B), and Self-Propelled Rail Transport ($255M). Over the past 5 years the exports of South Korea to Australia have increased at an annualized rate of 12.2%,  from $10.2B in 2018 to $18.1B in 2023.

In 2005, South Korea exported services to Australia worth $488M, with Transportation ($252M), Travel ($111M), and Other business services ($79.8M) being the largest in terms of value.

Comparison: In 2023,  Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).