Saudi Arabia (SAU) and South Korea (KOR) Trade | The Observatory of Economic Complexity

About

In N/A, Saudi Arabia did not export any services to South Korea.

South Korea-Saudi Arabia In N/A, South Korea did not export any products to Saudi Arabia.

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 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Saudi Arabia does not register exports to South Korea. The main products exported from Saudi Arabia to South Korea were Ammonia ($248M), Scrap Copper ($193M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($140M).

South Korea does not register exports to Saudi Arabia. The main products exported from South Korea to Saudi Arabia were Cars ($1.61B), Electrical Transformers ($323M), and Large Construction Vehicles ($227M).

Exports from Saudi Arabia () to South Korea () (2023)

Exports from South Korea () to Saudi Arabia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationN/AN/A

South Korea
Top DestinationN/AN/A

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.

N/A

Difference in imports from South Korea () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia South Korea+$845MRefined Petroleum

Top Product Potential South Korea Saudi Arabia+$201MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to South Korea () (2023)

Exports from South Korea () to Saudi Arabia () (2023)

Market Competitiveness

Difference in imports from South Korea () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and South Korea () (2023)

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