Flag South Korea / Uzbekistan Flag

Exports FlagFlag  (2018): $2.09B, Rnk 35 / 210

Top Product FlagFlag (2018): $749M, Vehicle Parts

Exports FlagFlag (2018): $35M, Rnk 19 / 107

Top Product FlagFlag (2018): $8.49M, Recovered Paper Pulp

Economic Complexity of Flag (2018): ECI 1.85, Rnk 5 / 137

Economic Complexity of Flag (2018): ECI -0.47, Rnk 85 / 137

GDP Flag (2018): $1.62T, CURRENT US$
Rnk 12 / 196

GDP GROWTH Flag (2008-2018): 61.6%, CURRENT US$
Rnk 69 / 196

GDP Flag (2018): $50.5B, CURRENT US$
Rnk 86 / 196

GDP GROWTH Flag (2008-2018): 70.9%, CURRENT US$
Rnk 55 / 196

GDP PC Flag (2018): $31,363, CURRENT US$
Rnk 34 / 196

GDP PC GROWTH Flag (2008-2018): 53.5%, CURRENT US$
Rnk 42 / 196

GDP PC Flag (2018): $1,532, CURRENT US$
Rnk 160 / 196

GDP PC GROWTH Flag (2008-2018): 41.6%, CURRENT US$
Rnk 57 / 196

South Korea-Uzbekistan: In 2018, South Korea exported $2.09B to Uzbekistan. The main products exported from South Korea to Uzbekistan were Vehicle Parts ($749M), Cars ($297M), and Prefabricated Buildings ($60.5M). During the last 23 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 9.78%, from $244M in 1995 to $2.09B in 2018.

Uzbekistan-South Korea: In 2018, Uzbekistan exported $35M to South Korea. The main products exported from Uzbekistan to South Korea were Recovered Paper Pulp ($8.49M), Refractory Cements ($5.68M), and Non-Retail Pure Cotton Yarn ($4.69M). During the last 23 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 5.44%, from $127M in 1995 to $35M in 2018.

Comparison: In 2018, South Korea ranked 5 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($617B). That same year, Uzbekistan ranked 85 in the Economic Complexity Index (ECI -0.47), and 86 in total exports ($10.5B). In terms of GDP Per Capita, South Korea was ranked 34 with a GDP Per Capita of $31,363, and Uzbekistan was ranked 160 with a GDP Per Capita of $1,532.

Bilateral Trade by Products

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Depth
Value

In 2018, South Korea exported $2.09B to Uzbekistan. The main products exported from South Korea to Uzbekistan were Vehicle Parts ($749M), Cars ($297M), and Prefabricated Buildings ($60.5M). During the last 23 years the exports of South Korea to Uzbekistan have increased at an annualized rate of 9.78%, from $244M in 1995 to $2.09B in 2018.

In 2018, Uzbekistan exported $35M to South Korea. The main products exported from Uzbekistan to South Korea were Recovered Paper Pulp ($8.49M), Refractory Cements ($5.68M), and Non-Retail Pure Cotton Yarn ($4.69M). During the last 23 years the exports of Uzbekistan to South Korea have decreased at an annualized rate of 5.44%, from $127M in 1995 to $35M in 2018.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $160B

Uzbekistan
Top Destination
: Switzerland, $2.48B

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 2018, countries that imported more from South Korea than Uzbekistan were China ($160B), United States ($73.1B), and Vietnam ($48.6B).

In 2018, countries that imported more from Uzbekistan than South Korea were Switzerland ($2.48B), Afghanistan ($479M), and Kazakhstan ($1.22B).

Comparative Advantage South Korea - Uzbekistan

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Depth

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

During 2018, South Korea had a large net trade with Uzbekistan in the exports of Transportation ($1.08B), Machines ($498M), and Metals ($179M).

During 2018, Uzbekistan had a large net trade with South Korea in the exports of Paper Goods ($8.49M), Textiles ($8.02M), and Chemical Products ($6.29M).

Tariff Section

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This sections shows import tariffs for products traded between South Korea and Uzbekistan (using the HS6 product classification and the last year reported).

In 2018, the products from South Korea that paid the highest import tariffs to enter Uzbekistan were Cereals: fonio (Digitaria spp.) (800%) and Cereals: quinoa (Chenopodium quinoa) (800%).

In 2015, the products from Uzbekistan that paid the highest import tariffs to enter South Korea were Fowls, live domestic < 185 grams (30%) and Poultry: live, turkeys, weighing not more than 185g (30%).

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*The tariffs present between South Korea and Uzbekistan are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between South Korea and Uzbekistan. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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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 red.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Uzbekistan. Similarly, the more red a dot/product is, the more Uzbekistan has comparative advantage over South Korea.