2021
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GDP
$1.81TCURRENT US$
Rnk 11 / 204
2011-2021
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GDP GROWTH
44.5%CURRENT US$
Rnk 72 / 204
2021
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 GDP
$869BCURRENT US$
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2011-2021
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GDP GROWTH
28.4%CURRENT US$
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2021
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GDP PC 
$34,998CURRENT US$
Rnk 38 / 204
2011-2021
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GDP PC GROWTH
39.5%CURRENT US$
Rnk 51 / 204
2021
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GDP PC
$24,161CURRENT US$
Rnk 53 / 204
2011-2021
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GDP PC GROWTH
7.66%CURRENT US$
Rnk 123 / 204

About

South Korea-Saudi Arabia In 2021, South Korea exported $3.48B to Saudi Arabia. The main products that South Korea exported to Saudi Arabia are Cars ($952M), Coated Flat-Rolled Iron ($123M), and Rubber Tires ($122M). During the last 26 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 3.9%, from $1.29B in 1995 to $3.48B in 2021.

In 2005, South Korea exported services to Saudi Arabia worth $681M, with Services not allocated ($541M), Transportation ($121M), and Other business services ($14.5M) being the largest in terms of value.

Saudi Arabia-South Korea In 2021, Saudi Arabia exported $21.5B to South Korea. The main products that Saudi Arabia exported to South Korea were Crude Petroleum ($18.5B), Refined Petroleum ($1.68B), and Acyclic Alcohols ($369M). During the last 26 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 6%, from $4.73B in 1995 to $21.5B in 2021.

In 2021, Saudi Arabia did not export any services to South Korea.

Comparison In 2021,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B). That same year, Saudi Arabia ranked 31 in the Economic Complexity Index (ECI 0.9), and 26 in total exports ($256B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, South Korea exported $3.48B to Saudi Arabia. The main products exported from South Korea to Saudi Arabia were Cars ($952M), Coated Flat-Rolled Iron ($123M), and Rubber Tires ($122M). During the last 26 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 3.9%, from $1.29B in 1995 to $3.48B in 2021.

In 2021, Saudi Arabia exported $21.5B to South Korea. The main products exported from Saudi Arabia to South Korea were Crude Petroleum ($18.5B), Refined Petroleum ($1.68B), and Acyclic Alcohols ($369M). During the last 26 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 6%, from $4.73B in 1995 to $21.5B in 2021.

Exports from South Korea (Flag) to Saudi Arabia (Flag) (2021)

Exports from Saudi Arabia (Flag) to South Korea (Flag) (2021)

Market Competitiveness

Color
South Korea
Top Destination
China$158B
Saudi Arabia
Top Destination
China$48.7B

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

In 2021, countries that imported more from South Korea than Saudi Arabia were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

In 2021, countries that imported more from Saudi Arabia than South Korea were United Arab Emirates ($14B), India ($25.6B), and Egypt ($8.83B).

Difference in imports from Saudi Arabia (Flag) and South Korea (Flag) (2021)

Comparative Advantage South Korea - Saudi Arabia

Flow
Scale

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

During 2021, South Korea had a large net trade with Saudi Arabia in the exports of Transportation ($1.16B), Machines ($889M), and Metals ($434M).

During 2021, Saudi Arabia had a large net trade with South Korea in the exports of Mineral Products ($20.3B), Chemical Products ($719M), and Metals ($348M).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Saudi Arabia worth $681M, with Services not allocated ($541M), Transportation ($121M), and Other business services ($14.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Saudi Arabia (Flag) (2005)

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

Product Space of South Korea (Flag) and Saudi Arabia (Flag) (2021)

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