Flag Saudi Arabia / South Korea Flag

2021
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Exports
: $21.5B, Rnk 4 / 183

2021
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Top Product
: $18.5B, Crude Petroleum

2021
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Exports
: $3.48B, Rnk 30 / 218

2021
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Top Product
: $952M, Cars

2021
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Economic Complexity (ECI)
: ECI 0.9, Rnk 31 / 131

2021
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Economic Complexity (ECI)
: ECI 1.82, Rnk 4 / 131

2021
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GDP
: $834B, CURRENT US$
Rnk 18 / 182

2011-2021
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GDP GROWTH
: 24.2%, CURRENT US$
Rnk 99 / 182

2021
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 GDP
: $1.8T, CURRENT US$
Rnk 10 / 182

2011-2021
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GDP GROWTH
: 43.5%, CURRENT US$
Rnk 64 / 182

2021
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GDP PC 
: $23,586, CURRENT US$
Rnk 39 / 182

2011-2021
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GDP PC GROWTH
: -0.67%, CURRENT US$
Rnk 128 / 182

2021
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GDP PC
: $34,758, CURRENT US$
Rnk 28 / 182

2011-2021
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GDP PC GROWTH
: 38.5%, CURRENT US$
Rnk 43 / 182

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Saudi Arabia exported $21.5B to South Korea. The main products exported from Saudi Arabia to South Korea were 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, South Korea exported $3.48B to Saudi Arabia. The main products exported from South Korea 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.

Saudi Arabia Exports

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South Korea Exports

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Market Competitiveness

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Color

Saudi Arabia
Top Destination
: China, $48.7B

South Korea
Top Destination
: China, $158B

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 2021, countries that imported more from Saudi Arabia than South Korea were United Arab Emirates ($14B), India ($25.6B), and Egypt ($8.83B).

In 2021, countries that imported more from South Korea than Saudi Arabia were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

Comparative Advantage Saudi Arabia - South Korea

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Flow
Scale

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

During 2021, Saudi Arabia had a large net trade with South Korea in the exports of Mineral Products ($20.3B), Chemical Products ($719M), and Metals ($348M).

During 2021, South Korea had a large net trade with Saudi Arabia in the exports of Transportation ($1.16B), Machines ($889M), and Metals ($434M).

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.