South Korea / Russia

South Korea-Russia Trade: In 2022, South Korea exported $7.48B to Russia. The main products that South Korea exported to Russia were Cars ($894M), Iron Structures ($602M), and Motor vehicles; parts and accessories (8701 to 8705) ($454M). Over the past 5 years the exports of South Korea to Russia have increased at an annualized rate of 39.5%, from $1.42B in 2017 to $7.48B in 2022.

In 2005, South Korea exported services to Russia worth $465M, with Transportation ($297M), Travel ($86.9M), and Other business services ($45.1M) being the largest in terms of value.

Russia-South Korea Trade: In 2022, Russia exported $12.7B to South Korea. The main products that Russia exported to South Korea were Coal Briquettes ($4.62B), Crude Petroleum ($2.01B), and Refined Petroleum ($1.48B). Over the past 5 years the exports of Russia to South Korea have increased at an annualized rate of 48.8%,  from $1.74B in 2017 to $12.7B in 2022.

In 2020, Russia exported services to South Korea worth $506M, with Transportation ($316M), Other business services ($82.6M), and Computer and information services ($41.1M) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).