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Pricing

2022
Flag → Flag
Exports $2.26BRnk 39 / 220
2022
Flag → Flag
Top Product $942MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $31.3MRnk 34 / 139
2022
Flag → Flag
Top Product $5.7MRefractory Cements
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.28Rnk 79 / 133
2022
Flag  
GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$80.4BCURRENT US$
Rnk 72 / 186
2012-2022
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GDP GROWTH19.1%CURRENT US$
Rnk 123 / 186
2022
Flag
GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
Flag
GDP PC$2,255CURRENT US$
Rnk 143 / 186
2012-2022
Flag
GDP PC GROWTH-0.55%CURRENT US$
Rnk 146 / 186

About

South Korea-Uzbekistan Trade: In 2022, South Korea exported $2.26B to Uzbekistan. The main products that South Korea exported to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($942M), Cars ($405M), and Engine Parts ($72.4M). Over the past 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 12.6%, from $1.25B in 2017 to $2.26B in 2022.

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

Uzbekistan-South Korea Trade: In 2022, Uzbekistan exported $31.3M to South Korea. The main products that Uzbekistan exported to South Korea were Refractory Cements ($5.7M), Recovered Paper Pulp ($5.41M), and Non-Retail Pure Cotton Yarn ($2.46M). Over the past 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 7.53%,  from $46.3M in 2017 to $31.3M in 2022.

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

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Uzbekistan ranked 79 in the Economic Complexity Index (ECI -0.28), and 83 in total exports ($16.9B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $155M and imported $1.64M from Uzbekistan, resulting in a positive trade balance of $153M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-45.8M (-22.8%) from $201M to $155M, while imports increased by $189k (13.1%) from $1.45M to $1.64M.

Trade In October 2024, the top exports of South Korea to Uzbekistan were Cars, tractors, trucks & parts thereof. ($101M), Machinery, mechanical appliances, & parts ($37.9M), Electrical machinery and electronics ($11.2M), Plastics & articles thereof ($10.1M), and Optical, photo, & film equipment; medical... ($5.13M). In October 2024 the top imports of South Korea from Uzbekistan were Wood pulp & paper scrap ($746k), Oils seeds, oleaginous fruits, grains, straw... ($261k), Cotton ($172k), Silk ($150k), and Used clothes & textile articles ($78k).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Uzbekistan was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-9.89M or -8.95%), Tools & cutlery ($-5.85M or -98%), and Plastics & articles thereof ($-1.58M or -13.5%). In October 2024, the increase in South Korea's year-by-year imports  from Uzbekistan was explained primarily by an increase in product imports  in Used clothes & textile articles ($76k or 3.8k%), Silk ($59k or 64.8%), and Miscellaneous edible preparations ($18k or 1.8k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-45.8M(-22.8%)
IMPORT GROWTH (October 2023 - October 2024)$189k(13.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Uzbekistan and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Uzbekistan and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $2.26B to Uzbekistan. The main products exported from South Korea to Uzbekistan were Motor vehicles; parts and accessories (8701 to 8705) ($942M), Cars ($405M), and Engine Parts ($72.4M). During the last 5 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 12.6%, from $1.25B in 2017 to $2.26B in 2022.

In 2017, Uzbekistan exported $31.3M to South Korea. The main products exported from Uzbekistan to South Korea were Refractory Cements ($5.7M), Recovered Paper Pulp ($5.41M), and Non-Retail Pure Cotton Yarn ($2.46M). During the last 5 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 7.53%, from $46.3M in 2022 to $31.3M in 2017.

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

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

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Uzbekistan
Top DestinationSwitzerland$4.29B

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

In 2022, countries that imported more from Uzbekistan than South Korea included Switzerland ($4.29B), Kyrgyzstan ($926M), and Afghanistan ($525M).

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

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 2022, South Korea had a large net trade with Uzbekistan in the exports of Transportation ($1.36B), Machines ($437M), and Plastics and Rubbers ($188M).

During 2017, Uzbekistan had a large net trade with South Korea in the exports of Chemical Products ($8.78M), Textiles ($6.5M), and Paper Goods ($5.41M).

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) (2022)

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