2023
Flag  
GDP
$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH
-19.1%CURRENT US$
Rnk 189 / 195
2023
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 GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC 
$4,466CURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP PC GROWTH
-28.2%CURRENT US$
Rnk 186 / 195
2023
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GDP PC
$33,121CURRENT US$
Rnk 41 / 196
2013-2023
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GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195

About

Iran-South Korea Trade: In 2022, Iran exported $90.6M to South Korea. The main products that Iran exported to South Korea were N/A. Over the past 5 years the exports of Iran to South Korea have decreased at an annualized rate of 59.3%, from $8.15B in 2017 to $90.6M in 2022.

In 2022, Iran did not export any services to South Korea.

South Korea-Iran Trade: In 2022, South Korea exported $489M to Iran. The main products that South Korea exported to Iran were N/A. Over the past 5 years the exports of South Korea to Iran have decreased at an annualized rate of 34.2%,  from $3.96B in 2017 to $489M in 2022.

In 2005, South Korea exported services to Iran worth $404M, with Services not allocated ($263M), Transportation ($121M), and Other business services ($10.7M) being the largest in terms of value.

Comparison: In 2023,  Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $90.6M to South Korea. There were not main exports from Iran to South Korea in 2022. During the last 5 years the exports of Iran to South Korea have decreased at an annualized rate of 59.3%, from $8.15B in 2017 to $90.6M in 2022.

In 2017, South Korea exported $489M to Iran. There were not main exports from South Korea to Iran in 2017. During the last 5 years the exports of South Korea to Iran have decreased at an annualized rate of 34.2%, from $3.96B in 2022 to $489M in 2017.

Exports from Iran (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Iran (Flag) (2022)

Latest Data

Trade between Iran (Flag) and South Korea (Flag)

South Korea Exports

Market Competitiveness

Color
Iran
Top Destination
China$4.59B
South Korea
Top Destination
China$162B

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

In 2023, countries that imported more from Iran than South Korea included Armenia ($597M), Pakistan ($943M), and Georgia ($241M).

In 2023, countries that imported more from South Korea than Iran included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea (Flag) and Iran (Flag) (2023)

Comparative Advantage Iran - South Korea

Flow
Scale

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

During 2022, Iran had a large net trade with South Korea in the exports of .

During 2017, South Korea had a large net trade with Iran in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran South Korea+$967kNitrogenous Fertilizers
Top Product Potential South Korea Iran+$20.6MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iran and South Korea. This means that a dot/product with the flag of Iran indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Iran.

Product Space of Iran (Flag) and South Korea (Flag) (2022)

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