2022
Flag  
GDP
$221BCURRENT US$
Rnk 53 / 186
2012-2022
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GDP GROWTH
6.07%CURRENT US$
Rnk 150 / 186
2022
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 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC 
$11,244CURRENT US$
Rnk 73 / 186
2012-2022
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GDP PC GROWTH
-9.23%CURRENT US$
Rnk 161 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Kazakhstan-South Korea Trade: In 2022, Kazakhstan exported $4.66B to South Korea. The main products that Kazakhstan exported to South Korea were Crude Petroleum ($4.39B), Radioactive Chemicals ($106M), and Ferroalloys ($88.1M). Over the past 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 27.6%, from $1.38B in 2017 to $4.66B in 2022.

In 2022, Kazakhstan did not export any services to South Korea.

South Korea-Kazakhstan Trade: In 2022, South Korea exported $2.26B to Kazakhstan. The main products that South Korea exported to Kazakhstan were Cars ($1.04B), Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($534M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). Over the past 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 15.6%,  from $613M in 2017 to $2.26B in 2022.

In 2022, South Korea did not export any services to Kazakhstan.

Comparison: In 2022,  Kazakhstan ranked 73 in the Economic Complexity Index (ECI -0.17), and 45 in total exports ($98.7B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Kazakhstan exported $4.66B to South Korea. The main products exported from Kazakhstan to South Korea were Crude Petroleum ($4.39B), Radioactive Chemicals ($106M), and Ferroalloys ($88.1M). During the last 5 years the exports of Kazakhstan to South Korea have increased at an annualized rate of 27.6%, from $1.38B in 2017 to $4.66B in 2022.

In 2017, South Korea exported $2.26B to Kazakhstan. The main products exported from South Korea to Kazakhstan were Cars ($1.04B), Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($534M), and Motor vehicles; parts and accessories (8701 to 8705) ($118M). During the last 5 years the exports of South Korea to Kazakhstan have increased at an annualized rate of 15.6%, from $613M in 2022 to $2.26B in 2017.

Exports from Kazakhstan (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Kazakhstan (Flag) (2022)

Latest Data

Trade between Kazakhstan (Flag) and South Korea (Flag)

Kazakhstan Exports

South Korea Exports

Market Competitiveness

Color
Kazakhstan
Top Destination
China$13.4B
South Korea
Top Destination
China$150B

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 2022, countries that imported more from Kazakhstan than South Korea included Italy ($12.4B), Russia ($8.78B), and Switzerland ($3.74B).

In 2022, countries that imported more from South Korea than Kazakhstan included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Kazakhstan (Flag) (2022)

Comparative Advantage Kazakhstan - South Korea

Flow
Scale

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

During 2022, Kazakhstan had a large net trade with South Korea in the exports of Mineral Products ($4.4B), Metals ($132M), and Chemical Products ($106M).

During 2017, South Korea had a large net trade with Kazakhstan in the exports of Transportation ($1.7B), Machines ($254M), and Plastics and Rubbers ($87M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Kazakhstan South Korea+$60MFerroalloys
Top Product Potential South Korea Kazakhstan+$42.1MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Kazakhstan and South Korea. This means that a dot/product with the flag of Kazakhstan indicates it has a comparative advantage over South Korea. Similarly, a dot/product with the flag of South Korea indicates it has a comparative advantage over Kazakhstan.

Product Space of Kazakhstan (Flag) and South Korea (Flag) (2022)

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