2022
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GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$1.11TCURRENT US$
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2012-2022
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GDP GROWTH
49.4%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$30,436CURRENT US$
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2012-2022
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GDP PC GROWTH
26.5%CURRENT US$
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About

South Korea-Saudi Arabia In 2022, South Korea exported $4.87B to Saudi Arabia. The main products that South Korea exported to Saudi Arabia are Cars ($1.26B), Passenger and Cargo Ships ($373M), and Explosive Ammunition ($195M). During the last 27 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 5.05%, from $1.29B in 1995 to $4.87B in 2022.

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 2022, Saudi Arabia exported $36B to South Korea. The main products that Saudi Arabia exported to South Korea were Crude Petroleum ($32.5B), Refined Petroleum ($1.77B), and Ammonia ($464M). During the last 27 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 7.79%, from $4.76B in 1995 to $36B in 2022.

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

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B). That same year, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $4.87B to Saudi Arabia. The main products exported from South Korea to Saudi Arabia were Cars ($1.26B), Passenger and Cargo Ships ($373M), and Explosive Ammunition ($195M). During the last 27 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 5.05%, from $1.29B in 1995 to $4.87B in 2022.

In 2022, Saudi Arabia exported $36B to South Korea. The main products exported from Saudi Arabia to South Korea were Crude Petroleum ($32.5B), Refined Petroleum ($1.77B), and Ammonia ($464M). During the last 27 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 7.79%, from $4.76B in 1995 to $36B in 2022.

Exports from South Korea (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Saudi Arabia
Top Destination
China$68B

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 United States ($112B), China ($150B), and Vietnam ($60.7B).

In 2021, countries that imported more from Saudi Arabia than South Korea were India ($46.2B), Japan ($36.5B), and Kuwait ($5.91B).

Difference in imports from Saudi Arabia (Flag) and South Korea (Flag) (2022)

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 2022, South Korea had a large net trade with Saudi Arabia in the exports of Transportation ($1.78B), Machines ($1.21B), and Metals ($499M).

During 2022, Saudi Arabia had a large net trade with South Korea in the exports of Mineral Products ($34.5B), Chemical Products ($925M), and Metals ($461M).

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) (2022)

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