2022
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GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH
17.7%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$11,091CURRENT US$
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2012-2022
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GDP PC GROWTH
6.89%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$
Rnk 70 / 186

About

Mexico-South Korea In 2022, Mexico exported $7.29B to South Korea. The main products that Mexico exported to South Korea are Crude Petroleum ($3.31B), Lead Ore ($669M), and Motor vehicles; parts and accessories (8701 to 8705) ($420M). During the last 27 years the exports of Mexico to South Korea have increased at an annualized rate of 12.4%, from $309M in 1995 to $7.29B in 2022.

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

South Korea-Mexico In 2022, South Korea exported $13.8B to Mexico. The main products that South Korea exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), Coated Flat-Rolled Iron ($868M), and Office Machine Parts ($790M). During the last 27 years the exports of South Korea to Mexico have increased at an annualized rate of 10.1%, from $1.03B in 1995 to $13.8B in 2022.

In 2005, South Korea exported services to Mexico worth $311M, with Transportation ($220M), Services not allocated ($66.6M), and Other business services ($14.8M) being the largest in terms of value.

Comparison In 2022,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Mexico exported $7.29B to South Korea. The main products exported from Mexico to South Korea were Crude Petroleum ($3.31B), Lead Ore ($669M), and Motor vehicles; parts and accessories (8701 to 8705) ($420M). During the last 27 years the exports of Mexico to South Korea have increased at an annualized rate of 12.4%, from $309M in 1995 to $7.29B in 2022.

In 2022, South Korea exported $13.8B to Mexico. The main products exported from South Korea to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), Coated Flat-Rolled Iron ($868M), and Office Machine Parts ($790M). During the last 27 years the exports of South Korea to Mexico have increased at an annualized rate of 10.1%, from $1.03B in 1995 to $13.8B in 2022.

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

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

Latest Data

Trade between Mexico (Flag) and South Korea (Flag)

Mexico Exports

South Korea Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Mexico than South Korea were United States ($421B), Canada ($22.2B), and Colombia ($3.6B).

In 2021, countries that imported more from South Korea than Mexico were China ($150B), Vietnam ($60.7B), and Hong Kong ($28.9B).

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

Comparative Advantage Mexico - South Korea

Flow
Scale

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

During 2022, Mexico had a large net trade with South Korea in the exports of Mineral Products ($4.73B), Transportation ($782M), and Machines ($723M).

During 2022, South Korea had a large net trade with Mexico in the exports of Machines ($6.18B), Metals ($3.22B), and Transportation ($1.61B).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Mexico worth $311M, with Transportation ($220M), Services not allocated ($66.6M), and Other business services ($14.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Mexico (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 Mexico has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Mexico.

Product Space of Mexico (Flag) and South Korea (Flag) (2022)

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