Flag South Korea / Algeria Flag

Exports FlagFlag  (2018): $950M, Rnk 58 / 210

Top Product FlagFlag (2018): $234M, Cars

Exports FlagFlag (2018): $1.74B, Rnk 7 / 103

Top Product FlagFlag (2018): $1.01B, Crude Petroleum

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

Economic Complexity of Flag (2018): ECI -0.87, Rnk 107 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $174B, CURRENT US$
Rnk 54 / 196

GDP GROWTH Flag (2008-2018): 1.61%, CURRENT US$
Rnk 161 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $4,115, CURRENT US$
Rnk 121 / 196

GDP PC GROWTH Flag (2008-2018): -16.4%, CURRENT US$
Rnk 179 / 196

South Korea-Algeria: In 2018, South Korea exported $950M to Algeria. The main products exported from South Korea to Algeria were Cars ($234M), Delivery Trucks ($159M), and Large Construction Vehicles ($58.6M). During the last 23 years the exports of South Korea to Algeria have increased at an annualized rate of 12.6%, from $61.9M in 1995 to $950M in 2018.

Algeria-South Korea: In 2018, Algeria exported $1.74B to South Korea. The main products exported from Algeria to South Korea were Crude Petroleum ($1.01B), Refined Petroleum ($711M), and Ammonia ($13.6M). During the last 23 years the exports of Algeria to South Korea have increased at an annualized rate of 11.8%, from $135M in 1995 to $1.74B in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Algeria ranked 107 in the Economic Complexity Index (ECI -0.87), and 60 in total exports ($37.9B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Algeria was ranked 121 with a GDP Per Capita of $4,115.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $950M to Algeria. The main products exported from South Korea to Algeria were Cars ($234M), Delivery Trucks ($159M), and Large Construction Vehicles ($58.6M). During the last 23 years the exports of South Korea to Algeria have increased at an annualized rate of 12.6%, from $61.9M in 1995 to $950M in 2018.

In 2018, Algeria exported $1.74B to South Korea. The main products exported from Algeria to South Korea were Crude Petroleum ($1.01B), Refined Petroleum ($711M), and Ammonia ($13.6M). During the last 23 years the exports of Algeria to South Korea have increased at an annualized rate of 11.8%, from $135M in 1995 to $1.74B in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Algeria
Top Destination
: Italy, $6.22B

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

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

In 2018, countries that imported more from Algeria than South Korea were Spain ($5.21B), Italy ($6.22B), and France ($4.56B).

Comparative Advantage South Korea - Algeria

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Depth

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

During 2018, South Korea had a large net trade with Algeria in the exports of Transportation ($477M), Machines ($288M), and Metals ($62.6M).

During 2018, Algeria had a large net trade with South Korea in the exports of Mineral Products ($1.72B), Chemical Products ($13.6M), and Animal Products ($2.63M).

Tariff Section

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

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

In 2018, the products from Algeria that paid the highest import tariffs to enter South Korea were Jams, fruit jellies, purees and pastes, except citrus (60%) and Ground-nuts otherwise prepared or preserved (60%).

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*The tariffs present between South Korea and Algeria are:
136: Most Favoured Nation duty rate treatement
335: Preferential tariff selected (GSTP) Global System of Trade Preferences among Developing Countries

Trade Forecasts

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