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Pricing

2022
Flag → Flag
Exports $233MRnk 89 / 220
2022
Flag → Flag
Top Product $35.5MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $2.96BRnk 5 / 125
2022
Flag → Flag
Top Product $2.21BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.64Rnk 95 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$192BCURRENT US$
Rnk 55 / 186
2012-2022
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GDP GROWTH-8.2%CURRENT US$
Rnk 173 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$4,274CURRENT US$
Rnk 118 / 186
2012-2022
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GDP PC GROWTH-23.8%CURRENT US$
Rnk 175 / 186

About

South Korea-Algeria Trade: In 2022, South Korea exported $233M to Algeria. The main products that South Korea exported to Algeria were Motor vehicles; parts and accessories (8701 to 8705) ($35.5M), Acrylic Polymers ($16M), and Glands and Other Organs ($10.2M). Over the past 5 years the exports of South Korea to Algeria have decreased at an annualized rate of 30.1%, from $1.4B in 2017 to $233M in 2022.

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

Algeria-South Korea Trade: In 2022, Algeria exported $2.96B to South Korea. The main products that Algeria exported to South Korea were Refined Petroleum ($2.21B), Crude Petroleum ($711M), and Petroleum Gas ($42.3M). Over the past 5 years the exports of Algeria to South Korea have increased at an annualized rate of 25.7%,  from $944M in 2017 to $2.96B in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Algeria ranked 95 in the Economic Complexity Index (ECI -0.64), and 55 in total exports ($58.6B).

Latest Trends

September, 2024

About

Overview In September 2024, South Korea exported $22.9M and imported $237M from Algeria, resulting in a negative trade balance of $214M. Between September 2023 and September 2024 the exports of South Korea have decreased by $-18.7M (-44.9%) from $41.5M to $22.9M, while imports decreased by $-32.1M (-11.9%) from $269M to $237M.

Trade In September 2024, the top exports of South Korea to Algeria were Machinery, mechanical appliances, & parts ($5.03M), Plastics & articles thereof ($3.98M), Cars, tractors, trucks & parts thereof. ($3.79M), Optical, photo, & film equipment; medical... ($1.71M), and Pharmaceutical products ($593k). In September 2024 the top imports of South Korea from Algeria were Mineral fuels, mineral oils and products... ($518M), Fish, crustaceans, & molluscs ($116k), Food residues & wastes; animal fodder ($25k), Products of the milling industry ($1k), and Knitted clothing accesories ($1k).

Growth In September 2024, the decrease in South Korea's year-by-year exports to Algeria was explained primarily by an decrease in product exports in Pharmaceutical products ($-2.34M or -79.8%), Optical, photo, & film equipment; medical... ($-261k or -13.2%), and Organic chemicals ($-195k or -46.9%). In September 2024, the decrease in South Korea's year-by-year imports  from Algeria was explained primarily by an decrease in product imports  in Fish, crustaceans, & molluscs ($-34k or -22.7%), Knitted clothing accesories ($-1k or -50%), and Electrical machinery and electronics ($-1k or -100%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$-18.7M(-44.9%)
IMPORT GROWTH (September 2023 - September 2024)$-32.1M(-11.9%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Algeria and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Algeria and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $233M to Algeria. The main products exported from South Korea to Algeria were Motor vehicles; parts and accessories (8701 to 8705) ($35.5M), Acrylic Polymers ($16M), and Glands and Other Organs ($10.2M). During the last 5 years the exports of South Korea to Algeria have decreased at an annualized rate of 30.1%, from $1.4B in 2017 to $233M in 2022.

In 2017, Algeria exported $2.96B to South Korea. The main products exported from Algeria to South Korea were Refined Petroleum ($2.21B), Crude Petroleum ($711M), and Petroleum Gas ($42.3M). During the last 5 years the exports of Algeria to South Korea have increased at an annualized rate of 25.7%, from $944M in 2022 to $2.96B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Algeria
Top DestinationItaly$16.9B

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

In 2022, countries that imported more from Algeria than South Korea included Italy ($16.9B), Spain ($7.11B), and Tunisia ($1.54B).

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

Comparative Advantage South Korea - Algeria

Flow
Scale

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

During 2022, South Korea had a large net trade with Algeria in the exports of Machines ($87.8M), Plastics and Rubbers ($41.8M), and Transportation ($36.2M).

During 2017, Algeria had a large net trade with South Korea in the exports of Mineral Products ($2.96B), Animal Products ($2.35M), and Foodstuffs ($73.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Algeria+$19MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Algeria South Korea+$463MCrude Petroleum

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 South Korea and Algeria. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Algeria. Similarly, a dot/product with the flag of Algeria indicates it has a comparative advantage over South Korea.

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

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