Flag South Korea / Russia Flag

2020
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Exports
: $7.93B, Rnk 12 / 218

2020
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Top Product
: $1.49B, Cars

2020
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Exports
: $12.5B, Rnk 8 / 187

2020
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Top Product
: $5.03B, Crude Petroleum

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
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GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

South Korea-Russia In 2020, South Korea exported $7.93B to Russia. The main products that South Korea exported to Russia are Cars ($1.49B), Motor vehicles; parts and accessories (8701 to 8705) ($1.1B), and Passenger and Cargo Ships ($674M). During the last 25 years the exports of South Korea to Russia have increased at an annualized rate of 7.14%, from $1.42B in 1995 to $7.93B in 2020.

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 In 2020, Russia exported $12.5B to South Korea. The main products that Russia exported to South Korea were Crude Petroleum ($5.03B), Refined Petroleum ($1.65B), and Coal Briquettes ($1.6B). During the last 25 years the exports of Russia to South Korea have increased at an annualized rate of 8.25%, from $1.73B in 1995 to $12.5B in 2020.

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 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, South Korea exported $7.93B to Russia. The main products exported from South Korea to Russia were Cars ($1.49B), Motor vehicles; parts and accessories (8701 to 8705) ($1.1B), and Passenger and Cargo Ships ($674M). During the last 25 years the exports of South Korea to Russia have increased at an annualized rate of 7.14%, from $1.42B in 1995 to $7.93B in 2020.

In 2020, Russia exported $12.5B to South Korea. The main products exported from Russia to South Korea were Crude Petroleum ($5.03B), Refined Petroleum ($1.65B), and Coal Briquettes ($1.6B). During the last 25 years the exports of Russia to South Korea have increased at an annualized rate of 8.25%, from $1.73B in 1995 to $12.5B in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Russia
Top Destination
: China, $49.3B

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 2019, countries that imported more from South Korea than Russia were China ($131B), United States ($75B), and Vietnam ($48B).

In 2019, countries that imported more from Russia than South Korea were United Kingdom ($25.3B), Netherlands ($22.5B), and Belarus ($15.8B).

Comparative Advantage South Korea - Russia

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Flow

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

During 2020, South Korea had a large net trade with Russia in the exports of Transportation ($3.47B), Machines ($1.95B), and Plastics and Rubbers ($585M).

During 2020, Russia had a large net trade with South Korea in the exports of Mineral Products ($9.22B), Animal Products ($1.28B), and Metals ($652M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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 Russia. Similarly, the more yellow a dot/product is, the more Russia has comparative advantage over South Korea.