Flag Kazakhstan / South Korea Flag

Exports FlagFlag  (2018): $2.97B, Rnk 6 / 121

Top Product FlagFlag (2018): $2.72B, Crude Petroleum

Exports FlagFlag (2018): $886M, Rnk 60 / 210

Top Product FlagFlag (2018): $215M, Other Heating Machinery

Economic Complexity of Flag (2018): ECI -0.046, Rnk 69 / 137

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

Kazakhstan-South Korea: In 2018, Kazakhstan exported $2.97B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($2.72B), Ferroalloys ($118M), and Radioactive Chemicals ($55M). During the last 23 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 17.7%, from $69.7M in 1995 to $2.97B in 2018.

South Korea-Kazakhstan: In 2018, South Korea exported $886M to Kazakhstan. The main products exported from South Korea to Kazakhstan were Other Heating Machinery ($215M), Iron Structures ($81.9M), and Cars ($53.9M). During the last 23 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 13%, from $52.8M in 1995 to $886M in 2018.

Comparison: In 2018, Kazakhstan ranked 69 in the Economic Complexity Index (ECI -0.046), and 46 in total exports ($64.1B). 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, Kazakhstan exported $2.97B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($2.72B), Ferroalloys ($118M), and Radioactive Chemicals ($55M). During the last 23 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 17.7%, from $69.7M in 1995 to $2.97B in 2018.

In 2018, South Korea exported $886M to Kazakhstan. The main products exported from South Korea to Kazakhstan were Other Heating Machinery ($215M), Iron Structures ($81.9M), and Cars ($53.9M). During the last 23 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 13%, from $52.8M in 1995 to $886M in 2018.

Market Competitiveness

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Measure

Kazakhstan
Top Destination
: Italy, $10.3B

South Korea
Top Destination
: China, $160B

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 2018, countries that imported more from Kazakhstan than South Korea were Italy ($10.3B), Switzerland ($2.46B), and Netherlands ($6.04B).

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

Comparative Advantage Kazakhstan - South Korea

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Depth

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

During 2018, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($2.72B), Metals ($167M), and Chemical Products ($56.1M).

During 2018, South Korea had a large net trade with Kazakhstan in the exports of Machines ($383M), Metals ($177M), and Transportation ($143M).

Tariff Section

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

In 2018, the products from Kazakhstan that paid the highest import tariffs to enter South Korea were Meat and edible offal: of geese, not cut in pieces, frozen (80%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (26.3%).

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

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*The tariffs present between Kazakhstan and South Korea are:
133: Kazakhstan Generalized System of Preference
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Kazakhstan 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 Kazakhstan has comparative advantage over South Korea. Similarly, the more red a dot/product is, the more South Korea has comparative advantage over Kazakhstan.