Flag Jordan / South Korea Flag

Exports FlagFlag  (2018): $55.2M, Rnk 31 / 156

Top Product FlagFlag (2018): $27.6M, Phenol Derivatives

Exports FlagFlag (2018): $564M, Rnk 71 / 210

Top Product FlagFlag (2018): $251M, Cars

Economic Complexity of Flag (2018): ECI -0.021, Rnk 66 / 137

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Jordan-South Korea: In 2018, Jordan exported $55.2M to South Korea. The main products exported from Jordan to South Korea were Phenol Derivatives ($27.6M), Scrap Copper ($6.8M), and Raw Lead ($5.01M). During the last 23 years the exports of Jordan to South Korea have increased at an annualized rate of 2.22%, from $33.3M in 1995 to $55.2M in 2018.

South Korea-Jordan: In 2018, South Korea exported $564M to Jordan. The main products exported from South Korea to Jordan were Cars ($251M), Delivery Trucks ($37.4M), and Other Small Iron Pipes ($25.1M). During the last 23 years the exports of South Korea to Jordan have increased at an annualized rate of 6.38%, from $136M in 1995 to $564M in 2018.

Comparison: In 2018, Jordan ranked 66 in the Economic Complexity Index (ECI -0.021), and 95 in total exports ($8.28B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Jordan exported $55.2M to South Korea. The main products exported from Jordan to South Korea were Phenol Derivatives ($27.6M), Scrap Copper ($6.8M), and Raw Lead ($5.01M). During the last 23 years the exports of Jordan to South Korea have increased at an annualized rate of 2.22%, from $33.3M in 1995 to $55.2M in 2018.

In 2018, South Korea exported $564M to Jordan. The main products exported from South Korea to Jordan were Cars ($251M), Delivery Trucks ($37.4M), and Other Small Iron Pipes ($25.1M). During the last 23 years the exports of South Korea to Jordan have increased at an annualized rate of 6.38%, from $136M in 1995 to $564M in 2018.

Market Competitiveness

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Measure

Jordan
Top Destination
: United States, $1.6B

South Korea
Top Destination
: China, $160B

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

In 2018, countries that imported more from Jordan than South Korea were Palestine ($213M), South Sudan ($1.6M), and Chad ($1.38M).

In 2018, countries that imported more from South Korea than Jordan were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

Comparative Advantage Jordan - South Korea

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Depth

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

During 2018, Jordan had a large net trade with South Korea in the exports of Chemical Products ($31.1M), Metals ($15.7M), and Textiles ($7.01M).

During 2018, South Korea had a large net trade with Jordan in the exports of Transportation ($330M), Metals ($83.5M), and Machines ($46.6M).

Tariff Section

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This sections shows import tariffs for products traded between Jordan and South Korea (using the HS6 product classification and the last year reported).

In 2017, the products from Jordan that paid the highest import tariffs to enter South Korea were Grape wines, alcoholic grape must nes (654%) and Grape must, unfermented, except as fruit juice (416%).

In 2018, the products from South Korea that paid the highest import tariffs to enter Jordan were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

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*The tariffs present between Jordan and South Korea are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Jordan and South Korea. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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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 red.  This mean that the more blue a dot/product is, the more Jordan has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Jordan.