Flag Canada / South Korea Flag

2020
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Exports
: $3.86B, Rnk 8 / 217

2020
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Top Product
: $837M, Coal Briquettes

2020
FlagFlag
Exports
: $6.49B, Rnk 16 / 218

2020
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Top Product
: $2.75B, Cars

2020
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Economic Complexity (ECI)
: ECI 0.93, Rnk 29 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $1.65T, CURRENT US$
Rnk 9 / 195

2010-2020
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GDP GROWTH
: 1.74%, CURRENT US$
Rnk 155 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $43,295, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP PC GROWTH
: -8.97%, CURRENT US$
Rnk 157 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

Canada-South Korea In 2020, Canada exported $3.86B to South Korea. The main products that Canada exported to South Korea are Coal Briquettes ($837M), Copper Ore ($568M), and Iron Ore ($311M). During the last 25 years the exports of Canada to South Korea have increased at an annualized rate of 2.06%, from $2.32B in 1995 to $3.86B in 2020.

In 2017, Canada exported services to South Korea worth $609M, with Travel ($343M), Transportation ($249M), and Government services, n.i.e. ($17M) being the largest in terms of value.

South Korea-Canada In 2020, South Korea exported $6.49B to Canada . The main products that South Korea exported to Canada were Cars ($2.75B), Special Purpose Ships ($546M), and Broadcasting Equipment ($195M). During the last 25 years the exports of South Korea to Canada have increased at an annualized rate of 4.46%, from $2.18B in 1995 to $6.49B in 2020.

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 2020,  Canada ranked 29 in the Economic Complexity Index (ECI 0.93), and 12 in total exports ($371B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Canada exported $3.86B to South Korea. The main products exported from Canada to South Korea were Coal Briquettes ($837M), Copper Ore ($568M), and Iron Ore ($311M). During the last 25 years the exports of Canada to South Korea have increased at an annualized rate of 2.06%, from $2.32B in 1995 to $3.86B in 2020.

In 2020, South Korea exported $6.49B to Canada. The main products exported from South Korea to Canada were Cars ($2.75B), Special Purpose Ships ($546M), and Broadcasting Equipment ($195M). During the last 25 years the exports of South Korea to Canada have increased at an annualized rate of 4.46%, from $2.18B in 1995 to $6.49B in 2020.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $264B

South Korea
Top Destination
: China, $131B

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 2019, countries that imported more from Canada than South Korea were United States ($264B), United Kingdom ($13.2B), and Switzerland ($1.56B).

In 2019, countries that imported more from South Korea than Canada were China ($131B), Vietnam ($48B), and Hong Kong ($30.9B).

Comparative Advantage Canada - South Korea

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Flow

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

During 2020, Canada had a large net trade with South Korea in the exports of Mineral Products ($1.84B), Chemical Products ($296M), and Machines ($257M).

During 2020, South Korea had a large net trade with Canada in the exports of Transportation ($3.5B), Machines ($1.26B), and Metals ($541M).

Bilateral Service Trade

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In 2017, Canada exported services to South Korea worth $609M, with Travel ($343M), Transportation ($249M), and Government services, n.i.e. ($17M) 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.

Economic Complexity

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Competitive Landscape

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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.