Flag Saudi Arabia / South Korea Flag

2020
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Exports
: $14.4B, Rnk 4 / 178

2020
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Top Product
: $12.8B, Crude Petroleum

2020
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Exports
: $4.12B, Rnk 24 / 218

2020
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Top Product
: $1.7B, Cars

2020
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Economic Complexity (ECI)
: ECI 0.86, Rnk 32 / 127

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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GDP
: $700B, CURRENT US$
Rnk 20 / 195

2010-2020
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GDP GROWTH
: 32.5%, CURRENT US$
Rnk 92 / 195

2020
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 GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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GDP PC 
: $20,110, CURRENT US$
Rnk 46 / 195

2010-2020
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GDP PC GROWTH
: 4.4%, CURRENT US$
Rnk 122 / 195

2020
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GDP PC
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
Flag
GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

Saudi Arabia-South Korea In 2020, Saudi Arabia exported $14.4B to South Korea. The main products that Saudi Arabia exported to South Korea are Crude Petroleum ($12.8B), Refined Petroleum ($524M), and Acyclic Alcohols ($211M). During the last 25 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 4.56%, from $4.72B in 1995 to $14.4B in 2020.

In 2020, Saudi Arabia did not export any services to South Korea.

South Korea-Saudi Arabia In 2020, South Korea exported $4.12B to Saudi Arabia . The main products that South Korea exported to Saudi Arabia were Cars ($1.7B), Hot-Rolled Iron ($145M), and Rubber Tires ($134M). During the last 25 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 4.76%, from $1.29B in 1995 to $4.12B in 2020.

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 2020,  Saudi Arabia ranked 32 in the Economic Complexity Index (ECI 0.86), and 30 in total exports ($167B). That same year, South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Saudi Arabia exported $14.4B to South Korea. The main products exported from Saudi Arabia to South Korea were Crude Petroleum ($12.8B), Refined Petroleum ($524M), and Acyclic Alcohols ($211M). During the last 25 years the exports of Saudi Arabia to South Korea have increased at an annualized rate of 4.56%, from $4.72B in 1995 to $14.4B in 2020.

In 2020, South Korea exported $4.12B to Saudi Arabia. The main products exported from South Korea to Saudi Arabia were Cars ($1.7B), Hot-Rolled Iron ($145M), and Rubber Tires ($134M). During the last 25 years the exports of South Korea to Saudi Arabia have increased at an annualized rate of 4.76%, from $1.29B in 1995 to $4.12B in 2020.

Saudi Arabia Exports

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South Korea Exports

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Market Competitiveness

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Measure

Saudi Arabia
Top Destination
: China, $33.4B

South Korea
Top Destination
: China, $131B

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

In 2019, countries that imported more from Saudi Arabia than South Korea were United Arab Emirates ($9.21B), India ($16.8B), and Egypt ($3.59B).

In 2019, countries that imported more from South Korea than Saudi Arabia were China ($131B), United States ($75B), and Vietnam ($48B).

Comparative Advantage Saudi Arabia - South Korea

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Flow

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

During 2020, Saudi Arabia had a large net trade with South Korea in the exports of Mineral Products ($13.3B), Chemical Products ($551M), and Metals ($216M).

During 2020, South Korea had a large net trade with Saudi Arabia in the exports of Transportation ($1.85B), Machines ($809M), and Metals ($525M).

Bilateral Service Trade

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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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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