2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$19.1BCURRENT US$
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2012-2022
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GDP GROWTH
56.5%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$3,789CURRENT US$
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2012-2022
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GDP PC GROWTH
23.5%CURRENT US$
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About

South Korea-Palestine In 2022, South Korea exported $94M to Palestine. The main products that South Korea exported to Palestine are Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). During the last 22 years the exports of South Korea to Palestine have increased at an annualized rate of 11.2%, from $9.1M in 2000 to $94M in 2022.

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

Palestine-South Korea In 2022, Palestine exported $2.25M to South Korea. The main products that Palestine exported to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 22 years the exports of Palestine to South Korea have increased at an annualized rate of 5.97%, from $629k in 2000 to $2.25M 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 1.71),  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.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $94M 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 22 years the exports of South Korea to Palestine have increased at an annualized rate of 11.2%, from $9.1M in 2000 to $94M in 2022.

In 2022, Palestine exported $2.25M 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 22 years the exports of Palestine to South Korea have increased at an annualized rate of 5.97%, from $629k in 2000 to $2.25M in 2022.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Palestine
Top Destination
Israel$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 2021, countries that imported more from South Korea than Palestine were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2019, 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 2022, 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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Palestine. Similarly, the more yellow a dot/product is, the more Palestine has comparative advantage over South Korea.

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

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