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2022
Flag → Flag
Exports $14.8BRnk 32 / 0
2022
Flag → Flag
Exports $6.33BRnk 121 / 0
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$33,121CURRENT US$
Rnk 41 / 196
2013-2023
Flag
GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195

About

Russia-South Korea Trade: In 2022, Russia exported $14.8B to South Korea. The main products that Russia exported to South Korea were N/A. Over the past 5 years the exports of Russia to South Korea have increased at an annualized rate of 3.67%, from $12.4B in 2017 to $14.8B 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 Trade: In 2022, South Korea exported $6.33B to Russia. The main products that South Korea exported to Russia were N/A. Over the past 5 years the exports of South Korea to Russia have decreased at an annualized rate of 5.73%,  from $8.5B in 2017 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 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $1.74B and imported $1.42B from South Korea, resulting in a positive trade balance of $317M. Between January 2021 and January 2022 the exports of Russia have increased by $907M (109%) from $832M to $1.74B, while imports increased by $148M (11.6%) from $1.27B to $1.42B.

Trade In January 2022, the top exports of Russia to South Korea were Crude Petroleum ($388M), Refined Petroleum ($146M), Coal Briquettes ($74.3M), Non-fillet Frozen Fish ($48.8M), and Scrap Iron ($44.7M). In January 2022 the top imports of Russia from South Korea were Passenger and Cargo Ships ($628M), Motor vehicles; parts and accessories (8701... ($140M), Vehicle Bodies (including cabs) for the... ($86.9M), Large Construction Vehicles ($19.9M), and Electrical Lighting and Signalling Equipment ($18.8M).

Origins In January 2022 the exports of Russia were mainly from SAKHALIN REGION ($755M), LENINGRAD REGION ($244M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($190M), KEMEROVO REGION ($159M), and ST. PETERSBURG ($107M), while imports destinations were mainly SVERDLOVSK REGION ($353M), CHECHEN REPUBLIC ($306M), KALININGRAD REGION ($172M), ST. PETERSBURG ($170M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($153M).

Growth In January 2022, the increase in Russia's year-by-year exports to South Korea was explained primarily by an increase in product exports in Scrap Iron ($30.7M or 219%), Non-fillet Frozen Fish ($24M or 96.8%), and Crustaceans ($10.4M or 33.3%). In January 2022, the increase in Russia's year-by-year imports  from South Korea was explained primarily by an increase in product imports  in Passenger and Cargo Ships ($626M or 24.6k%), Motor vehicles; parts and accessories (8701... ($45.3M or 47.7%), and Electric Soldering Equipment ($11M or 192%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$907M(109%)
IMPORT GROWTH (January 2021 - January 2022)$148M(11.6%)
MAIN EXPORTER (January 2022)SAKHALIN REGION$755M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check South Korea and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Korea and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $14.8B to South Korea. There were not main exports from Russia to South Korea in 2022. During the last 5 years the exports of Russia to South Korea have increased at an annualized rate of 3.67%, from $12.4B in 2017 to $14.8B in 2022.

In 2017, South Korea exported $6.33B to Russia. There were not main exports from South Korea to Russia in 2017. During the last 5 years the exports of South Korea to Russia have decreased at an annualized rate of 5.73%, from $8.5B in 2022 to $6.33B in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
South Korea
Top DestinationChina$162B

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 2023, countries that imported more from Russia than South Korea included India ($66.1B), Turkey ($31B), and Kazakhstan ($16.1B).

In 2023, countries that imported more from South Korea than Russia included United States ($118B), China ($162B), and Chinese Taipei ($28.2B).

Difference in imports from South Korea (Flag) and Russia (Flag) (2023)

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 .

During 2017, South Korea had a large net trade with Russia in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia South Korea+$1.53BCrude Petroleum
Top Product Potential South Korea Russia+$265MCars

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

This visualization shows the product space at the HS4 level with the flags of Russia and South Korea. This means that a dot/product with the flag of Russia 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 Russia.

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

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