2022
Flag  
GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
 GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
GDP PC 
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186

About

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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $7.48B to Russia. The main products exported from South Korea to Russia were Cars ($894M), Iron Structures ($602M), and Motor vehicles; parts and accessories (8701 to 8705) ($454M). During the last 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 2017, Russia exported $12.7B to South Korea. The main products exported from Russia to South Korea were Coal Briquettes ($4.62B), Crude Petroleum ($2.01B), and Refined Petroleum ($1.48B). During the last 22 years the exports of Russia to South Korea have increased at an annualized rate of 48.8%, from $1.74B in 1995 to $12.7B in 2017.

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

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

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Russia
Top Destination
China$101B

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

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

In 2022, countries that imported more from Russia than South Korea included India ($40.4B), Italy ($25.1B), and Turkey ($25.3B).

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

Comparative Advantage South Korea - Russia

Flow
Scale

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

During 2022, South Korea had a large net trade with Russia in the exports of Transportation ($1.6B), Machines ($1.5B), and Metals ($833M).

During 2017, Russia had a large net trade with South Korea in the exports of Mineral Products ($9.49B), Animal Products ($1.01B), and Metals ($885M).

Service Trade

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Russia (Flag) (2005)

Services Exports from Russia (Flag) to South Korea (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of South Korea and Russia. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over South Korea.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with