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2022
Flag → Flag
Exports $1.32BRnk 48 / 220
2022
Flag → Flag
Top Product $261MCars
2022
Flag → Flag
Exports $473MRnk 18 / 199
2022
Flag → Flag
Top Product $204MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.45Rnk 84 / 133
2022
Flag  
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$377BCURRENT US$
Rnk 41 / 186
2012-2022
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GDP GROWTH67.8%CURRENT US$
Rnk 31 / 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$1,597CURRENT US$
Rnk 155 / 186
2012-2022
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GDP PC GROWTH43.9%CURRENT US$
Rnk 43 / 186

About

South Korea-Pakistan Trade: In 2022, South Korea exported $1.32B to Pakistan. The main products that South Korea exported to Pakistan were Cars ($261M), Motor vehicles; parts and accessories (8701 to 8705) ($137M), and Refined Petroleum ($105M). Over the past 5 years the exports of South Korea to Pakistan have increased at an annualized rate of 3.79%, from $1.09B in 2017 to $1.32B in 2022.

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

Pakistan-South Korea Trade: In 2022, Pakistan exported $473M to South Korea. The main products that Pakistan exported to South Korea were Refined Petroleum ($204M), Light Pure Woven Cotton ($30.5M), and Non-Retail Pure Cotton Yarn ($27.7M). Over the past 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 0.2%,  from $478M in 2017 to $473M in 2022.

In 2022, Pakistan 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, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B).

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $63M and imported $15.9M from Pakistan, resulting in a positive trade balance of $47.1M. Between August 2023 and August 2024 the exports of South Korea have decreased by $-13.4M (-17.6%) from $76.4M to $63M, while imports decreased by $-1.05M (-6.19%) from $17M to $15.9M.

Trade In August 2024, the top exports of South Korea to Pakistan were Mineral fuels, mineral oils and products... ($9.24M), Plastics & articles thereof ($5.67M), Paints, dyes, & varnishes ($3.52M), Aluminum articles ($3.46M), and Cars, tractors, trucks & parts thereof. ($2.72M). In August 2024 the top imports of South Korea from Pakistan were Knitted clothing accesories ($6.25M), Cotton ($3.27M), Salt, sulphur, cement, lime, stone, &... ($1.62M), Fish, crustaceans, & molluscs ($1.48M), and Non-knitted clothing accesories ($1.16M).

Growth In August 2024, the decrease in South Korea's year-by-year exports to Pakistan was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-28.3M or -91.2%), Iron & steel ($-6.87M or -75%), and Plastics & articles thereof ($-4.86M or -46.2%). In August 2024, the decrease in South Korea's year-by-year imports  from Pakistan was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-47.2M or -100%), Beverages, spirits, & vinegar ($-2.07M or -91.2%), and Cotton ($-844k or -20.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-13.4M(-17.6%)
IMPORT GROWTH (August 2023 - August 2024)$-1.05M(-6.19%)

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 Pakistan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Pakistan and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $1.32B to Pakistan. The main products exported from South Korea to Pakistan were Cars ($261M), Motor vehicles; parts and accessories (8701 to 8705) ($137M), and Refined Petroleum ($105M). During the last 5 years the exports of South Korea to Pakistan have increased at an annualized rate of 3.79%, from $1.09B in 2017 to $1.32B in 2022.

In 2017, Pakistan exported $473M to South Korea. The main products exported from Pakistan to South Korea were Refined Petroleum ($204M), Light Pure Woven Cotton ($30.5M), and Non-Retail Pure Cotton Yarn ($27.7M). During the last 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 0.2%, from $478M in 2022 to $473M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Pakistan
Top DestinationUnited States$6.47B

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

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

In 2022, countries that imported more from Pakistan than South Korea included Afghanistan ($975M), Sri Lanka ($417M), and Madagascar ($153M).

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

Comparative Advantage South Korea - Pakistan

Flow
Scale

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

During 2022, South Korea had a large net trade with Pakistan in the exports of Transportation ($420M), Chemical Products ($256M), and Plastics and Rubbers ($146M).

During 2017, Pakistan had a large net trade with South Korea in the exports of Mineral Products ($234M), Textiles ($131M), and Vegetable Products ($28.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Pakistan+$147MRefined Petroleum
Top Product Potential Pakistan South Korea+$98.3MRefined 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 Pakistan. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Pakistan. Similarly, a dot/product with the flag of Pakistan indicates it has a comparative advantage over South Korea.

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

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