Australia / South Korea

Australia-South Korea Trade: In 2022, Australia exported $17.6B to South Korea. The main products that Australia exported to South Korea were Petroleum Gas ($13.3B), Coal Briquettes ($11.5B), and Iron Ore ($5.15B). Over the past 5 years the exports of Australia to South Korea have increased at an annualized rate of 26.7%, from $5.39B in 2017 to $17.6B in 2022.

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 2022, South Korea exported $19.6B to Australia. The main products that South Korea exported to Australia were Refined Petroleum ($10.5B), Cars ($3.15B), and Vaccines, blood, antisera, toxins and cultures ($472M). Over the past 5 years the exports of South Korea to Australia have increased at an annualized rate of 63.9%,  from $1.66B in 2017 to $19.6B in 2022.

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 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).