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2022
Flag → Flag
Exports $125MRnk 116 / 220
2022
Flag → Flag
Top Product $74.2MCars
2022
Flag → Flag
Exports $2.08MRnk 15 / 98
2022
Flag → Flag
Top Product $781kPure Olive Oil
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$19.1BCURRENT US$
Rnk 118 / 186
2012-2022
Flag
GDP GROWTH56.5%CURRENT US$
Rnk 47 / 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$3,789CURRENT US$
Rnk 123 / 186
2012-2022
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GDP PC GROWTH23.5%CURRENT US$
Rnk 75 / 186

About

South Korea-Palestine Trade: In 2022, South Korea exported $125M to Palestine. The main products that South Korea exported to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). Over the past 5 years the exports of South Korea to Palestine have increased at an annualized rate of 68.8%, from $9.1M in 2017 to $125M in 2022.

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

Palestine-South Korea Trade: In 2022, Palestine exported $2.08M to South Korea. The main products that Palestine exported to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). Over the past 5 years the exports of Palestine to South Korea have increased at an annualized rate of 27%,  from $629k in 2017 to $2.08M in 2022.

In 2022, Palestine 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, Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index.

Latest Trends

May, 2024

About

Overview In May 2024, South Korea exported $2.19M and imported $22k from Palestine, resulting in a positive trade balance of $2.17M. Between May 2023 and May 2024 the exports of South Korea have decreased by $-4M (-64.6%) from $6.19M to $2.19M, while imports decreased by $-418k (-95%) from $440k to $22k.

Trade In May 2024, the top exports of South Korea to Palestine were Cars, tractors, trucks & parts thereof. ($5.32M), Electrical machinery and electronics ($19k), Pharmaceutical products ($18k), Paper articles ($15k), and Furniture, bedding, lamps, & prefab buildings ($6k). In May 2024 the top imports of South Korea from Palestine were Pharmaceutical products ($0), Chemical products n.e.s. ($0), Paper articles ($0), Electrical machinery and electronics ($0), and Cars, tractors, trucks & parts thereof. ($0).

Growth In May 2024, the decrease in South Korea's year-by-year exports to Palestine was explained primarily by an decrease in product exports in Pharmaceutical products ($-82k or -82%). In May 2024, the decrease in South Korea's year-by-year imports  from Palestine was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$-4M(-64.6%)
IMPORT GROWTH (May 2023 - May 2024)$-418k(-95%)

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

For full datasets download visit Bulk Download page.

Explore Palestine and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $125M to Palestine. The main products exported from South Korea to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). During the last 5 years the exports of South Korea to Palestine have increased at an annualized rate of 68.8%, from $9.1M in 2017 to $125M in 2022.

In 2017, Palestine exported $2.08M to South Korea. The main products exported from Palestine to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 17 years the exports of Palestine to South Korea have increased at an annualized rate of 27%, from $629k in 2000 to $2.08M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Palestine
Top DestinationIsrael$1.3B

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

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

In 2022, no countries were registered that imported more from Palestine than from South Korea.

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

Comparative Advantage South Korea - Palestine

Flow
Scale

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

During 2022, South Korea had a large net trade with Palestine in the exports of Transportation ($76.7M), Machines ($5.92M), and Chemical Products ($4.48M).

During 2017, Palestine had a large net trade with South Korea in the exports of Animal and Vegetable Bi-Products ($781k), Footwear and Headwear ($655k), and Vegetable Products ($622k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Palestine+N/AN/A
Top Product Potential Palestine South Korea+N/AN/A

N/A

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

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

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