2022
Flag  
GDP
$19.1BCURRENT US$
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2012-2022
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GDP GROWTH
56.5%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
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2022
Flag
GDP PC 
$3,789CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
23.5%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

Palestine-South Korea In 2022, Palestine exported $2.25M to South Korea. The main products that Palestine exported to South Korea are Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 22 years the exports of Palestine to South Korea have increased at an annualized rate of 5.97%, from $629k in 2000 to $2.25M in 2022.

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

South Korea-Palestine In 2022, South Korea exported $94M to Palestine. The main products that South Korea exported to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). During the last 22 years the exports of South Korea to Palestine have increased at an annualized rate of 11.2%, from $9.1M in 2000 to $94M in 2022.

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

Comparison In 2022,  Palestine ranked 150 in total exports ($1.61B), and does not have data regarding Economic Complexity Index. 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, Palestine exported $2.25M to South Korea. The main products exported from Palestine to South Korea were Pure Olive Oil ($781k), Other Nuts ($622k), and Textile Footwear ($451k). During the last 22 years the exports of Palestine to South Korea have increased at an annualized rate of 5.97%, from $629k in 2000 to $2.25M in 2022.

In 2022, South Korea exported $94M to Palestine. The main products exported from South Korea to Palestine were Cars ($74.2M), Motor vehicles; parts and accessories (8701 to 8705) ($1.98M), and Unprocessed Synthetic Staple Fibers ($1.39M). During the last 22 years the exports of South Korea to Palestine have increased at an annualized rate of 11.2%, from $9.1M in 2000 to $94M in 2022.

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

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

Latest Data

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

Palestine Exports

South Korea Exports

Market Competitiveness

Color
Palestine
Top Destination
Israel$1.3B
South Korea
Top Destination
China$150B

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

In 2019, no countries were registered that imported more from Palestine than from South Korea.

In 2021, countries that imported more from South Korea than Palestine were China ($150B), United States ($112B), and Vietnam ($60.7B).

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

Comparative Advantage Palestine - South Korea

Flow
Scale

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

During 2022, Palestine had a large net trade with South Korea in the exports of Animal and Vegetable Bi-Products ($781k), Footwear and Headwear ($655k), and Vegetable Products ($622k).

During 2022, South Korea had a large net trade with Palestine in the exports of Transportation ($76.7M), Machines ($5.92M), and Chemical Products ($4.48M).

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 Palestine has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Palestine.

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

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