Canada (CAN) and South Korea (KOR) Trade | The Observatory of Economic Complexity

- Company Explorer
  PREMIUM
- Trend Explorer
  PRO
- - Tree map
  - Stacked
  - Network
  - Map
  - Scatter
- Data Availability
- - API Documentation
    PRO
  - Notebooks
    NEW
  - Data Explorer
    PRO
- - Bill of Lading
    PREMIUM
  - National Datasets
    PREMIUM
  - Product Datasets
    NEW
  - International Datasets
- - Countries (ECI)
  - Products (PCI)
- ECI Legacy Rankings
- PCI Legacy Rankings

Pricing

Canada (CAN) and South Korea (KOR) Trade

2022

→

Exports $6.96BRnk 6 / 215

2022

→

About

Canada-South Korea In 2022, Canada exported $6.96B to South Korea. The main products that Canada exported to South Korea are Coal Briquettes ($2.09B), Copper Ore ($775M), and Iron Ore ($620M). During the last 27 years the exports of Canada to South Korea have increased at an annualized rate of 4.15%, from $2.32B in 1995 to $6.96B in 2022.

In 2020, Canada exported services to South Korea worth $594M, with Travel ($374M), Transportation ($151M), and Royalties and license fees ($29.1M) being the largest in terms of value.

South Korea-Canada In 2022, South Korea exported $8.89B to Canada. The main products that South Korea exported to Canada were Cars ($3.25B), Motor vehicles; parts and accessories (8701 to 8705) ($320M), and Other Plastic Products ($306M). During the last 27 years the exports of South Korea to Canada have increased at an annualized rate of 5.34%, from $2.18B in 1995 to $8.89B in 2022.

In 2005, South Korea exported services to Canada worth $447M, with Transportation ($213M), Travel ($136M), and Other business services ($44.5M) being the largest in terms of value.

Comparison In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Latest Trends

January, 2024

About

Overview In January 2024, Canada exported C$734M and imported C$1.09B from South Korea, resulting in a negative trade balance of C$359M. Between January 2023 and January 2024 the exports of Canada have increased by C$187M (34.1%) from C$547M to C$734M, while imports increased by C$106M (10.7%) from C$987M to C$1.09B.

Trade In January 2024, the top exports of Canada to South Korea were Coal Briquettes (C$150M), Petroleum Gas (C$66.9M), Copper Ore (C$57.4M), Raw Nickel (C$43.6M), and Iron Ore (C$27M). In January 2024 the top imports of Canada from South Korea were Cars (C$399M), Other Large Iron Pipes (C$43.4M), Motor vehicles; parts and accessories (8701... (C$30.3M), Large Construction Vehicles (C$29.6M), and Platinum (C$29.6M).

Origins In January 2024 the exports of Canada were mainly from British Columbia (C$471M), Quebec (C$113M), Alberta (C$72.4M), Ontario (C$45M), and Manitoba (C$18.9M), while imports destinations were mainly Ontario (C$741M), British Columbia (C$199M), Quebec (C$116M), Alberta (C$21.1M), and Manitoba (C$7.11M).

Growth In January 2024, the increase in Canada's year-by-year exports to South Korea was explained primarily by an increase in product exports in Petroleum Gas (C$36.8M or 122%), Raw Nickel (C$20.1M or 86%), and Semi chemical Woodpulp (C$19.8M or 305%). In January 2024, the increase in Canada's year-by-year imports from South Korea was explained primarily by an increase in product imports in Cars (C$112M or 39%), Other Large Iron Pipes (C$38.7M or 819%), and Platinum (C$17.8M or 151%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$187M(34.1%)

IMPORT GROWTH (January 2023 - January 2024)C$106M(10.7%)

MAIN EXPORTER (January 2024)British ColumbiaC$471M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check South Korea and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Canada exported $6.96B to South Korea. The main products exported from Canada to South Korea were Coal Briquettes ($2.09B), Copper Ore ($775M), and Iron Ore ($620M). During the last 27 years the exports of Canada to South Korea have increased at an annualized rate of 4.15%, from $2.32B in 1995 to $6.96B in 2022.

In 2022, South Korea exported $8.89B to Canada. The main products exported from South Korea to Canada were Cars ($3.25B), Motor vehicles; parts and accessories (8701 to 8705) ($320M), and Other Plastic Products ($306M). During the last 27 years the exports of South Korea to Canada have increased at an annualized rate of 5.34%, from $2.18B in 1995 to $8.89B in 2022.

Exports from Canada () to South Korea () (2022)

Exports from South Korea () to Canada () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

South Korea
Top DestinationChina$150B

This map shows whether countries import more from Canada or South Korea. Each country is colored based on the difference in imports they receive from Canada and South Korea or the difference in the growth in imports.

In 2021, countries that imported more from Canada than South Korea were United States ($438B), United Kingdom ($12.9B), and Norway ($3.19B).

In 2021, countries that imported more from South Korea than Canada were China ($150B), Vietnam ($60.7B), and Chinese Taipei ($28.4B).

Difference in imports from South Korea () and Canada () (2022)

Comparative Advantage Canada - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and South Korea by product, considering products traded by both, Canada and South Korea.

During 2022, Canada had a large net trade with South Korea in the exports of Mineral Products ($4.21B), Animal Products ($440M), and Metals ($383M).

During 2022, South Korea had a large net trade with Canada in the exports of Transportation ($3.73B), Machines ($1.98B), and Metals ($1.15B).

Service Trade

Bilateral Service Trade

Can Year

In 2020, Canada exported services to South Korea worth $594M, with Travel ($374M), Transportation ($151M), and Royalties and license fees ($29.1M) being the largest in terms of value.

In 2005, South Korea exported services to Canada worth $447M, with Transportation ($213M), Travel ($136M), and Other business services ($44.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to South Korea () (2020)

Services Exports from South Korea () to Canada () (2005)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Canada has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Canada.

Product Space of Canada () and South Korea () (2022)

Keep Exploring

Canada
Cambodia
Canada
Kuwait
Barbados
South Korea
Costa Rica
South Korea

Have questions, comments, or concerns?
Send us an e-mail: [email protected]

Follow @OECtoday on

Created, Designed, and Developed by:

In collaboration with

About the OEC Privacy Policy Terms