Saudi Arabia / South Korea

Saudi Arabia-South Korea In 2021, Saudi Arabia exported $21.5B to South Korea. The main products that Saudi Arabia exported to South Korea are Crude Petroleum ($18.5B), Refined Petroleum ($1.68B), and Acyclic Alcohols ($369M). During the last 26 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 6%, from $4.73B in 1995 to $21.5B in 2021.

In 2021, Saudi Arabia did not export any services to South Korea.

South Korea-Saudi Arabia In 2021, South Korea exported $3.48B to Saudi Arabia. The main products that South Korea exported to Saudi Arabia were Cars ($952M), Coated Flat-Rolled Iron ($123M), and Rubber Tires ($122M). During the last 26 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 3.9%, from $1.29B in 1995 to $3.48B in 2021.

In 2005, South Korea exported services to Saudi Arabia worth $681M, with Services not allocated ($541M), Transportation ($121M), and Other business services ($14.5M) being the largest in terms of value.

Comparison In 2021,  Saudi Arabia ranked 31 in the Economic Complexity Index (ECI 0.9), and 26 in total exports ($256B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).