Kazakhstan (KAZ) and South Korea (KOR) Trade | OEC - The Observatory of Economic Complexity

About

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

Bilateral Trade by Products

Depth

Value

Year

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.

Latest Data

Kazakhstan Exports

Date

South Korea Exports

Date

Market Competitiveness

Measure

SectionYear

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

Flow

Year

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

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Kazakhstan Exports

South Korea Exports

Market Competitiveness

Comparative Advantage Kazakhstan - South Korea

Economic Complexity

Competitive Landscape

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