2022
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GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Russia-South Korea In 2022, Russia exported $12.8B to South Korea. The main products that Russia exported to South Korea are Coal Briquettes ($4.62B), Crude Petroleum ($2.01B), and Refined Petroleum ($1.48B). During the last 27 years the exports of Russia to South Korea have increased at an annualized rate of 7.69%, from $1.74B in 1995 to $12.8B in 2022.

In 2020, Russia exported services to South Korea worth $506M, with Transportation ($316M), Other business services ($82.6M), and Computer and information services ($41.1M) being the largest in terms of value.

South Korea-Russia In 2022, South Korea exported $6.33B to Russia. The main products that South Korea exported to Russia were Cars ($894M), Iron Structures ($602M), and Motor vehicles; parts and accessories (8701 to 8705) ($454M). During the last 27 years the exports of South Korea to Russia have increased at an annualized rate of 5.7%, from $1.42B in 1995 to $6.33B in 2022.

In 2005, South Korea exported services to Russia worth $465M, with Transportation ($297M), Travel ($86.9M), and Other business services ($45.1M) being the largest in terms of value.

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). 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, Russia exported $12.8B to South Korea. The main products exported from Russia to South Korea were Coal Briquettes ($4.62B), Crude Petroleum ($2.01B), and Refined Petroleum ($1.48B). During the last 27 years the exports of Russia to South Korea have increased at an annualized rate of 7.69%, from $1.74B in 1995 to $12.8B in 2022.

In 2022, South Korea exported $6.33B to Russia. The main products exported from South Korea to Russia were Cars ($894M), Iron Structures ($602M), and Motor vehicles; parts and accessories (8701 to 8705) ($454M). During the last 27 years the exports of South Korea to Russia have increased at an annualized rate of 5.7%, from $1.42B in 1995 to $6.33B in 2022.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Russia than South Korea were India ($40.4B), Italy ($25.1B), and Turkey ($25.3B).

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

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

Comparative Advantage Russia - South Korea

Flow
Scale

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

During 2022, Russia had a large net trade with South Korea in the exports of Mineral Products ($9.49B), Animal Products ($1.01B), and Metals ($885M).

During 2022, South Korea had a large net trade with Russia in the exports of Transportation ($1.6B), Machines ($1.5B), and Metals ($833M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to South Korea worth $506M, with Transportation ($316M), Other business services ($82.6M), and Computer and information services ($41.1M) being the largest in terms of value.

In 2005, South Korea exported services to Russia worth $465M, with Transportation ($297M), Travel ($86.9M), and Other business services ($45.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia (Flag) to South Korea (Flag) (2020)

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

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

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