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2022
Flag → Flag
Exports $589MRnk 64 / 220
2022
Flag → Flag
Top Product $111MCars
2022
Flag → Flag
Exports $10.8BRnk 4 / 139
2022
Flag → Flag
Top Product $7.39BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.15Rnk 71 / 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$237BCURRENT US$
Rnk 52 / 186
2012-2022
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GDP GROWTH27%CURRENT US$
Rnk 105 / 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$88,046CURRENT US$
Rnk 6 / 186
2012-2022
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GDP PC GROWTH-10.2%CURRENT US$
Rnk 163 / 186

About

South Korea-Qatar Trade: In 2022, South Korea exported $589M to Qatar. The main products that South Korea exported to Qatar were Cars ($111M), Other Large Iron Pipes ($41.8M), and Iron Pipes ($29.2M). Over the past 5 years the exports of South Korea to Qatar have increased at an annualized rate of 64.7%, from $48.6M in 2017 to $589M in 2022.

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

Qatar-South Korea Trade: In 2022, Qatar exported $10.8B to South Korea. The main products that Qatar exported to South Korea were Petroleum Gas ($7.39B), Refined Petroleum ($2.13B), and Crude Petroleum ($479M). Over the past 5 years the exports of Qatar to South Korea have increased at an annualized rate of 122%,  from $200M in 2017 to $10.8B in 2022.

In 2022, Qatar 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, Qatar ranked 71 in the Economic Complexity Index (ECI -0.15), and 38 in total exports ($119B).

Latest Trends

May, 2024

About

Overview In May 2024, South Korea exported $50.3M and imported $1.15B from Qatar, resulting in a negative trade balance of $1.1B. Between May 2023 and May 2024 the exports of South Korea have decreased by $-16.8M (-25.1%) from $67.1M to $50.3M, while imports decreased by $-262M (-18.6%) from $1.41B to $1.15B.

Trade In May 2024, the top exports of South Korea to Qatar were Iron or steel articles ($20.7M), Machinery, mechanical appliances, & parts ($12M), Electrical machinery and electronics ($3.81M), Iron & steel ($3.61M), and Cars, tractors, trucks & parts thereof. ($3.53M). In May 2024 the top imports of South Korea from Qatar were Mineral fuels, mineral oils and products... ($1.09B), Aluminum articles ($32.4M), Inorganic chemicals ($14M), Fertilizers ($12.8M), and Pharmaceutical products ($4.26M).

Growth In May 2024, the decrease in South Korea's year-by-year exports to Qatar was explained primarily by an decrease in product exports in Chemical products n.e.s. ($-3.92M or -90.9%), Electrical machinery and electronics ($-3.12M or -45%), and Plastics & articles thereof ($-1.93M or -62.9%). In May 2024, the decrease in South Korea's year-by-year imports  from Qatar was explained primarily by an decrease in product imports  in Mineral fuels, mineral oils and products... ($-83.9M or -7.12%), Fertilizers ($-19.2M or -59.9%), and Inorganic chemicals ($-10.9M or -43.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$-16.8M(-25.1%)
IMPORT GROWTH (May 2023 - May 2024)$-262M(-18.6%)

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

For full datasets download visit Bulk Download page.

Explore Qatar and South Korea Data

Go to Bulk Download

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $589M to Qatar. The main products exported from South Korea to Qatar were Cars ($111M), Other Large Iron Pipes ($41.8M), and Iron Pipes ($29.2M). During the last 5 years the exports of South Korea to Qatar have increased at an annualized rate of 64.7%, from $48.6M in 2017 to $589M in 2022.

In 2017, Qatar exported $10.8B to South Korea. The main products exported from Qatar to South Korea were Petroleum Gas ($7.39B), Refined Petroleum ($2.13B), and Crude Petroleum ($479M). During the last 22 years the exports of Qatar to South Korea have increased at an annualized rate of 122%, from $200M in 1995 to $10.8B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Qatar
Top DestinationChina$21.1B

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

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

In 2022, countries that imported more from Qatar than South Korea included Pakistan ($3.62B), Oman ($1.93B), and Belgium ($5.51B).

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

Comparative Advantage South Korea - Qatar

Flow
Scale

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

During 2022, South Korea had a large net trade with Qatar in the exports of Transportation ($158M), Metals ($140M), and Machines ($124M).

During 2017, Qatar had a large net trade with South Korea in the exports of Mineral Products ($10B), Chemical Products ($300M), and Metals ($268M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Qatar+$55MCars
Top Product Potential Qatar South Korea+$12.9MRaw Aluminium

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

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

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