2023
Flag  
GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP
$102BCURRENT US$
Rnk 70 / 195
2013-2023
Flag
GDP GROWTH
38.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC 
$33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC
$2,850CURRENT US$
Rnk 144 / 196
2013-2023
Flag
GDP PC GROWTH
15.7%CURRENT US$
Rnk 116 / 195

About

South Korea-Uzbekistan Trade: In 2023, South Korea exported $2.39B to Uzbekistan. The main products that South Korea exported to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($785M), Cars ($355M), and Engine Parts ($73M). Over the past 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 3%, from $2.06B in 2018 to $2.39B in 2023.

In 2023, South Korea did not export any services to Uzbekistan.

Uzbekistan-South Korea Trade: In 2023, Uzbekistan exported $26.1M to South Korea. The main products that Uzbekistan exported to South Korea were Recovered Paper Pulp ($6.19M), Light Pure Woven Cotton ($5.84M), and Other Stone Articles ($3.37M). Over the past 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 6.16%,  from $35.9M in 2018 to $26.1M in 2023.

In 2023, Uzbekistan did not export any services to South Korea.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Uzbekistan ranked 74 in the Economic Complexity Index (ECI -0.22), and 72 in total exports ($24.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $2.39B to Uzbekistan. The main products exported from South Korea to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($785M), Cars ($355M), and Engine Parts ($73M). During the last 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 3%, from $2.06B in 2018 to $2.39B in 2023.

In 2018, Uzbekistan exported $26.1M to South Korea. The main products exported from Uzbekistan to South Korea were Recovered Paper Pulp ($6.19M), Light Pure Woven Cotton ($5.84M), and Other Stone Articles ($3.37M). During the last 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 6.16%, from $35.9M in 2023 to $26.1M in 2018.

Exports from South Korea (Flag) to Uzbekistan (Flag) (2023)

Exports from Uzbekistan (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top Destination
China$162B
Uzbekistan
Top Destination
Switzerland$8.18B

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

In 2023, countries that imported more from South Korea than Uzbekistan included China ($162B), United States ($118B), and Hong Kong ($28.8B).

In 2023, countries that imported more from Uzbekistan than South Korea included Switzerland ($8.18B), Russia ($3.02B), and Afghanistan ($766M).

Difference in imports from Uzbekistan (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Uzbekistan

Flow
Scale

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

During 2023, South Korea had a large net trade with Uzbekistan in the exports of Transportation ($1.16B), Machines ($521M), and Plastics and Rubbers ($271M).

During 2018, Uzbekistan had a large net trade with South Korea in the exports of Textiles ($7.66M), Paper Goods ($6.2M), and Stone And Glass ($3.37M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Uzbekistan+$15.7MRefined Petroleum
Top Product Potential Uzbekistan South Korea+$3.47MComputers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Uzbekistan (Flag) (2023)

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