Pakistan (PAK) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Pakistan-South Korea Trade: In 2023, Pakistan exported $185M to South Korea. The main products that Pakistan exported to South Korea were Alcohol > 80% ABV ($26.6M), Light Pure Woven Cotton ($22.4M), and Soapstone ($14.1M). Over the past 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 13.7%, from $387M in 2018 to $185M in 2023.

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

South Korea-Pakistan Trade: In 2023, South Korea exported $815M to Pakistan. The main products that South Korea exported to Pakistan were Cars ($188M), Refined Petroleum ($103M), and Propylene Polymers ($32.5M). Over the past 5 years the exports of South Korea to Pakistan have decreased at an annualized rate of 6.53%, from $1.14B in 2018 to $815M in 2023.

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

Comparison: In 2023, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Pakistan exported $185M to South Korea. The main products exported from Pakistan to South Korea were Alcohol > 80% ABV ($26.6M), Light Pure Woven Cotton ($22.4M), and Soapstone ($14.1M). During the last 5 years the exports of Pakistan to South Korea have decreased at an annualized rate of 13.7%, from $387M in 2018 to $185M in 2023.

In 2018, South Korea exported $815M to Pakistan. The main products exported from South Korea to Pakistan were Cars ($188M), Refined Petroleum ($103M), and Propylene Polymers ($32.5M). During the last 5 years the exports of South Korea to Pakistan have decreased at an annualized rate of 6.53%, from $1.14B in 2023 to $815M in 2018.

Exports from Pakistan () to South Korea () (2023)

Exports from South Korea () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and South Korea ()

Pakistan Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$5.18B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Pakistan than South Korea included Afghanistan ($969M), Bangladesh ($690M), and Vietnam ($355M).

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

Difference in imports from South Korea () and Pakistan () (2023)

Comparative Advantage Pakistan - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Pakistan had a large net trade with South Korea in the exports of Textiles ($72.7M), Foodstuffs ($28.6M), and Mineral Products ($20.2M).

During 2018, South Korea had a large net trade with Pakistan in the exports of Transportation ($219M), Chemical Products ($165M), and Plastics and Rubbers ($123M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Pakistan South Korea+$98.3MRefined Petroleum

Top Product Potential South Korea Pakistan+$147MRefined Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Pakistan () to South Korea () (2023)

Exports from South Korea () to Pakistan () (2023)

Latest Data

Trade between Pakistan () and South Korea ()

Pakistan Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Pakistan () (2023)

Comparative Advantage Pakistan - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Pakistan () and South Korea () (2023)

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