Italy / South Korea

Italy-South Korea Trade: In 2022, Italy exported $7.44B to South Korea. The main products that Italy exported to South Korea were Trunks and Cases ($1.08B), Packaged Medicaments ($681M), and Leather Footwear ($257M). Over the past 5 years the exports of Italy to South Korea have increased at an annualized rate of 8.52%, from $4.94B in 2017 to $7.44B in 2022.

In 2020, Italy exported services to South Korea worth $212M, with Computer and information services ($46.4M), Royalties and license fees ($40.4M), and Other business services ($37.1M) being the largest in terms of value.

South Korea-Italy Trade: In 2022, South Korea exported $5.87B to Italy. The main products that South Korea exported to Italy were Vaccines, blood, antisera, toxins and cultures ($546M), Cars ($524M), and Hot-Rolled Iron ($437M). Over the past 5 years the exports of South Korea to Italy have increased at an annualized rate of 9.07%,  from $3.81B in 2017 to $5.87B in 2022.

In 2005, South Korea exported services to Italy worth $400M, with Transportation ($292M), Other business services ($64M), and Travel ($29.9M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).