Flag Kazakhstan / South Korea Flag

2020
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Exports
: $1.18B, Rnk 13 / 137

2020
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Top Product
: $876M, Crude Petroleum

2020
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Exports
: $2.31B, Rnk 33 / 218

2020
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Top Product
: $1.38B, Other Heating Machinery

2020
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Economic Complexity (ECI)
: ECI -0.25, Rnk 72 / 127

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

2020
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GDP
: $171B, CURRENT US$
Rnk 53 / 204

2010-2020
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GDP GROWTH
: 15.6%, CURRENT US$
Rnk 131 / 204

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 204

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 70 / 204

2020
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GDP PC 
: $9,122, CURRENT US$
Rnk 82 / 204

2010-2020
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GDP PC GROWTH
: 0.56%, CURRENT US$
Rnk 134 / 204

2020
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GDP PC
: $31,598, CURRENT US$
Rnk 37 / 204

2010-2020
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GDP PC GROWTH
: 36.9%, CURRENT US$
Rnk 47 / 204

Kazakhstan-South Korea In 2020, Kazakhstan exported $1.18B to South Korea. The main products that Kazakhstan exported to South Korea are Crude Petroleum ($876M), Radioactive Chemicals ($153M), and Ferroalloys ($85.1M). During the last 25 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 12.1%, from $68.5M in 1995 to $1.18B in 2020.

In 2020, Kazakhstan did not export any services to South Korea.

South Korea-Kazakhstan In 2020, South Korea exported $2.31B to Kazakhstan. The main products that South Korea exported to Kazakhstan were Other Heating Machinery ($1.38B), Cars ($136M), and Centrifuges ($111M). During the last 25 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 16.3%, from $52.8M in 1995 to $2.31B in 2020.

In 2020, South Korea did not export any services to Kazakhstan.

Comparison In 2020,  Kazakhstan ranked 72 in the Economic Complexity Index (ECI -0.25), and 47 in total exports ($50.9B). 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, Kazakhstan exported $1.18B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($876M), Radioactive Chemicals ($153M), and Ferroalloys ($85.1M). During the last 25 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 12.1%, from $68.5M in 1995 to $1.18B in 2020.

In 2020, South Korea exported $2.31B to Kazakhstan. The main products exported from South Korea to Kazakhstan were Other Heating Machinery ($1.38B), Cars ($136M), and Centrifuges ($111M). During the last 25 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 16.3%, from $52.8M in 1995 to $2.31B in 2020.

Kazakhstan Exports

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South Korea Exports

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Market Competitiveness

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Measure

Kazakhstan
Top Destination
: China, $9.42B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from Kazakhstan than South Korea were Italy ($6.76B), Romania ($1.29B), and Tajikistan ($701M).

In 2019, countries that imported more from South Korea than Kazakhstan were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Kazakhstan - South Korea

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Flow

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

During 2020, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($879M), Chemical Products ($153M), and Metals ($128M).

During 2020, South Korea had a large net trade with Kazakhstan in the exports of Machines ($1.74B), Transportation ($301M), and Metals ($97.6M).

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 Kazakhstan has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Kazakhstan.